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Monday, 16 December 19
THE OUTLOOK FOR U.S. THERMAL COAL IS INCREASINGLY STRESSED - MOODY'S
 - Slowing global economic growth, trade tensions will continue to exert influence
- Coal's secular decline will persist in 2020
Moody's Investors Service maintains negative 2020 outlooks for the US coal and US steel industries and a stable outlook for the global base metals sector, amid slowing economic growth and trade frictions, the rating agency says in its annual report.
The stable outlook for global base metals is driven by supply/demand fundamentals despite weaker GDP rates and lower Purchasing Managers Indexes (PMIs). However, a challenging macro operating environment warrants some caution for the sector.
"Geopolitical and economic concerns as well as trade tensions will once again overshadow the global base metals markets in 2020, continuing the pressures experienced as 2019 as deceleration in global economies took hold," says Carol Cowan, Moody's Senior Vice President. "ESG considerations will also continue to increase in visibility, demanding more transparency and improvement from the industry."
Moody's negative outlook for the US steel industry reflects its expectation that weaker fundamentals will hold in 2020, prices will not rebound significantly and planned new capacity will weigh on market sentiment.
"It's a tale of 2 steels – EAF producers will continue to benefit from lower scrap costs, helping mitigate lower realized steel prices, while blast furnace producers will continue to face higher iron ore costs and likely-increasing costs related to environmental compliance," says Cowan.
Meanwhile, Moody's expects US coal producers' cumulative EBITDA to decline by more than 3% over the next 12 months, due to a substantive decrease in export prices in 2019 among other factors.
"The outlook for thermal coal is increasingly stressed, with ESG factors weighing heavily on demand from utilities," says Benjamin Nelson, Moody's VP-Senior Credit Officer. "Our long-term outlook for North American thermal coal calls for a substantial volume reduction over the next decade, driven by utilities switching to natural gas, where we expect prices will remain low, and renewable energy, which still benefit from government subsidies."
Moody's outlooks for 2020 consider fundamental credit conditions that will affect sectors for the next 12-18 months.
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Sunday, 11 July 21
COAL SHOWS ITS STAYING POWER AS ECONOMIES BOUNCE BACK - THE WALL STREET JOURNAL
Coal use is surging in some of the world’s largest economies as electricity demand rebounds from the pandemic, illustrating the challenges to ...
Sunday, 11 July 21
ROBUST CHINA COAL DEMAND AMID AUSTRALIA IMPORT BAN FUELS PRICE RALLY - REUTERS
Seaborne coal has become a quiet winner among energy commodities, lacking the attention of higher-profile crude oil and liquefied natural gas (LNG) ...
Saturday, 10 July 21
OVERESTIMATED LCOES OF COAL-FIRED POWER PLANTS CREATE A FINANCIAL BUBBLE - IEEFA
Massive stranded asset risk detrimentally affects the financial and power distribution
India’s future coal-fired power project pipeline ...
Friday, 09 July 21
EIA FORECASTS COAL’S GENERATION SHARE IN U.S TO RISE FROM 20% IN 2020 TO 24% THIS YEAR BUT TO FALL TO 22% NEXT YEAR
The July Short-Term Energy Outlook (STEO) of EIA remains subject to heightened levels of uncertainty related to the ongoing economic recovery from ...
Friday, 09 July 21
KOREA SOUTH-EAST POWER CO., LTD. INVITES BIDS FOR 1.86 MILLION TONS OF COAL OF 5600 & 4000 NCV COAL FOR THREE YEARS
COALspot.com: South Korea’s KOREA SOUTH-EAST POWER CO., LTD. (KOEN) has issued an international tender for 280,000 – 300,000 MT of Min. ...
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- Altura Mining Limited, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Tata Chemicals Ltd - India
- Ministry of Finance - Indonesia
- Renaissance Capital - South Africa
- Mercator Lines Limited - India
- Bhoruka Overseas - Indonesia
- Kartika Selabumi Mining - Indonesia
- Marubeni Corporation - India
- Ind-Barath Power Infra Limited - India
- Eastern Coal Council - USA
- Asmin Koalindo Tuhup - Indonesia
- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- Deloitte Consulting - India
- Standard Chartered Bank - UAE
- Energy Link Ltd, New Zealand
- Orica Australia Pty. Ltd.
- PowerSource Philippines DevCo
- Meenaskhi Energy Private Limited - India
- Manunggal Multi Energi - Indonesia
- Makarim & Taira - Indonesia
- GMR Energy Limited - India
- Singapore Mercantile Exchange
- Sakthi Sugars Limited - India
- Pendopo Energi Batubara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Romanian Commodities Exchange
- Dalmia Cement Bharat India
- VISA Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- The University of Queensland
- European Bulk Services B.V. - Netherlands
- Semirara Mining and Power Corporation, Philippines
- McConnell Dowell - Australia
- Antam Resourcindo - Indonesia
- Latin American Coal - Colombia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- Uttam Galva Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- South Luzon Thermal Energy Corporation
- Indonesian Coal Mining Association
- Meralco Power Generation, Philippines
- Thiess Contractors Indonesia
- Trasteel International SA, Italy
- Parry Sugars Refinery, India
- IHS Mccloskey Coal Group - USA
- Orica Mining Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Australian Coal Association
- Energy Development Corp, Philippines
- Salva Resources Pvt Ltd - India
- Grasim Industreis Ltd - India
- Madhucon Powers Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Lanco Infratech Ltd - India
- Borneo Indobara - Indonesia
- Oldendorff Carriers - Singapore
- Bayan Resources Tbk. - Indonesia
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Sical Logistics Limited - India
- Tamil Nadu electricity Board
- SN Aboitiz Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Jorong Barutama Greston.PT - Indonesia
- Power Finance Corporation Ltd., India
- Global Coal Blending Company Limited - Australia
- SMC Global Power, Philippines
- Mercuria Energy - Indonesia
- Indogreen Group - Indonesia
- Georgia Ports Authority, United States
- Maharashtra Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GN Power Mariveles Coal Plant, Philippines
- Videocon Industries ltd - India
- PNOC Exploration Corporation - Philippines
- Indian Energy Exchange, India
- Alfred C Toepfer International GmbH - Germany
- Edison Trading Spa - Italy
- Carbofer General Trading SA - India
- Attock Cement Pakistan Limited
- International Coal Ventures Pvt Ltd - India
- Indian Oil Corporation Limited
- SMG Consultants - Indonesia
- Intertek Mineral Services - Indonesia
- Samtan Co., Ltd - South Korea
- White Energy Company Limited
- Kaltim Prima Coal - Indonesia
- Heidelberg Cement - Germany
- Bukit Makmur.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Bulk Trading Sa - Switzerland
- Siam City Cement - Thailand
- Vizag Seaport Private Limited - India
- Jindal Steel & Power Ltd - India
- Interocean Group of Companies - India
- Directorate General of MIneral and Coal - Indonesia
- Larsen & Toubro Limited - India
- Planning Commission, India
- Cement Manufacturers Association - India
- Africa Commodities Group - South Africa
- Gujarat Sidhee Cement - India
- Kobexindo Tractors - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- ICICI Bank Limited - India
- India Bulls Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Chamber of Mines of South Africa
- PetroVietnam Power Coal Import and Supply Company
- Port Waratah Coal Services - Australia
- Kohat Cement Company Ltd. - Pakistan
- Baramulti Group, Indonesia
- TeaM Sual Corporation - Philippines
- Vedanta Resources Plc - India
- Formosa Plastics Group - Taiwan
- Thai Mozambique Logistica
- The State Trading Corporation of India Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Electricity Authority - India
- Merrill Lynch Commodities Europe
- Binh Thuan Hamico - Vietnam
- Mintek Dendrill Indonesia
- Minerals Council of Australia
- Chettinad Cement Corporation Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Coastal Gujarat Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Parliament of New Zealand
- Agrawal Coal Company - India
- Gujarat Mineral Development Corp Ltd - India
- Barasentosa Lestari - Indonesia
- Wood Mackenzie - Singapore
- Sree Jayajothi Cements Limited - India
- Krishnapatnam Port Company Ltd. - India
- Price Waterhouse Coopers - Russia
- Banpu Public Company Limited - Thailand
- Essar Steel Hazira Ltd - India
- IEA Clean Coal Centre - UK
- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
- Metalloyd Limited - United Kingdom
- Electricity Authority, New Zealand
- Rio Tinto Coal - Australia
- Star Paper Mills Limited - India
- Ministry of Mines - Canada
- San Jose City I Power Corp, Philippines
- Ambuja Cements Ltd - India
- PTC India Limited - India
- Australian Commodity Traders Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- New Zealand Coal & Carbon
- Cigading International Bulk Terminal - Indonesia
- Indika Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The Treasury - Australian Government
- LBH Netherlands Bv - Netherlands
- Bhushan Steel Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Coal and Oil Company - UAE
- Siam City Cement PLC, Thailand
- Economic Council, Georgia
- Commonwealth Bank - Australia
- Xindia Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bhatia International Limited - India
- Global Business Power Corporation, Philippines
- CNBM International Corporation - China
- GVK Power & Infra Limited - India
- Mjunction Services Limited - India
- Rashtriya Ispat Nigam Limited - India
- Coalindo Energy - Indonesia
- Anglo American - United Kingdom
- Wilmar Investment Holdings
- MS Steel International - UAE
- Iligan Light & Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Independent Power Producers Association of India
- Sojitz Corporation - Japan
- Goldman Sachs - Singapore
- CIMB Investment Bank - Malaysia
- Bangladesh Power Developement Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karaikal Port Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- AsiaOL BioFuels Corp., Philippines
- Ministry of Transport, Egypt
- Malabar Cements Ltd - India
- Posco Energy - South Korea
- Medco Energi Mining Internasional
- Kumho Petrochemical, South Korea
- Neyveli Lignite Corporation Ltd, - India
- Petron Corporation, Philippines
- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
- Bharathi Cement Corporation - India
- OPG Power Generation Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Miang Besar Coal Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining Corp, Philippines
- Aboitiz Power Corporation - Philippines
- London Commodity Brokers - England
- Central Java Power - Indonesia
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