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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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Monday, 08 March 21
MARCH 2021 INDONESIA COAL PRICE REFERENCE SETTLES LOWER
COALspot.com: The Indonesia coal price reference for March 2021 settles at US$ 84.49 per ton FOB vessel.
The Indonesia coal pr ...
Saturday, 06 March 21
AUSTRALIAN COAL: SOME WEAKNESS COULD MATERIALIZE AFTER THE WINTER - ING
Newcastle coal prices remain well supported for now, however as we move out of the winter months we would expect prices to come under pressure. Mea ...
Saturday, 06 March 21
ASIA SEABORNE COAL PRICES START TO RETREAT, CHINA-AUSTRALIA DISPUTE LINGERS - REUTERS
There are signs that the price and demand surge for coal during the recent colder-than-expected winter across North Asia is starting to ease, even ...
Thursday, 04 March 21
HEAD OF JBIC SAYS THE JAPANESE BANK WILL NOT FUND NEW COAL PLANT DEVELOPMENT - NHK NEWS
The governor of the Japan Bank for International Cooperation has said that the government-owned financial institution will stop funding new coal-fi ...
Wednesday, 03 March 21
MARKET INSIGHT - INTERMODAL
Following the recent rally to multi year highs of metal-based commodities, amid an unprecedented global economic stimulus, discussions of an emergi ...
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- Gujarat Mineral Development Corp Ltd - India
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- Planning Commission, India
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- The State Trading Corporation of India Ltd
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- Essar Steel Hazira Ltd - India
- Central Electricity Authority - India
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- Binh Thuan Hamico - Vietnam
- Interocean Group of Companies - India
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- Madhucon Powers Ltd - India
- Australian Coal Association
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- Timah Investasi Mineral - Indoneisa
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- Maheswari Brothers Coal Limited - India
- Therma Luzon, Inc, Philippines
- Goldman Sachs - Singapore
- Australian Commodity Traders Exchange
- Energy Development Corp, Philippines
- McConnell Dowell - Australia
- Aditya Birla Group - India
- Posco Energy - South Korea
- Parliament of New Zealand
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- Pendopo Energi Batubara - Indonesia
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- Meralco Power Generation, Philippines
- South Luzon Thermal Energy Corporation
- Ministry of Mines - Canada
- SN Aboitiz Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Directorate General of MIneral and Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- PTC India Limited - India
- The Treasury - Australian Government
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- Xindia Steels Limited - India
- Eastern Coal Council - USA
- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
- The University of Queensland
- Renaissance Capital - South Africa
- Port Waratah Coal Services - Australia
- Tamil Nadu electricity Board
- Krishnapatnam Port Company Ltd. - India
- PNOC Exploration Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thiess Contractors Indonesia
- Mercuria Energy - Indonesia
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- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Bhushan Steel Limited - India
- Petrochimia International Co. Ltd.- Taiwan
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- GAC Shipping (India) Pvt Ltd
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- Mjunction Services Limited - India
- Latin American Coal - Colombia
- Bulk Trading Sa - Switzerland
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- Standard Chartered Bank - UAE
- Coalindo Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Siam City Cement - Thailand
- Energy Link Ltd, New Zealand
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- Coal and Oil Company - UAE
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- New Zealand Coal & Carbon
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- Global Coal Blending Company Limited - Australia
- Banpu Public Company Limited - Thailand
- Cement Manufacturers Association - India
- Antam Resourcindo - Indonesia
- Trasteel International SA, Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Commonwealth Bank - Australia
- Semirara Mining and Power Corporation, Philippines
- Indonesian Coal Mining Association
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- Baramulti Group, Indonesia
- Sojitz Corporation - Japan
- Metalloyd Limited - United Kingdom
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Lanco Infratech Ltd - India
- Heidelberg Cement - Germany
- PowerSource Philippines DevCo
- Jorong Barutama Greston.PT - Indonesia
- Economic Council, Georgia
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- Deloitte Consulting - India
- Larsen & Toubro Limited - India
- Romanian Commodities Exchange
- Gujarat Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Power Finance Corporation Ltd., India
- Globalindo Alam Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jaiprakash Power Ventures ltd
- Anglo American - United Kingdom
- Merrill Lynch Commodities Europe
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- London Commodity Brokers - England
- Electricity Authority, New Zealand
- Jindal Steel & Power Ltd - India
- Indika Energy - Indonesia
- MS Steel International - UAE
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- Iligan Light & Power Inc, Philippines
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- PetroVietnam Power Coal Import and Supply Company
- Savvy Resources Ltd - HongKong
- GVK Power & Infra Limited - India
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- Barasentosa Lestari - Indonesia
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
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- Edison Trading Spa - Italy
- European Bulk Services B.V. - Netherlands
- Uttam Galva Steels Limited - India
- Global Business Power Corporation, Philippines
- Indogreen Group - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bharathi Cement Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meenaskhi Energy Private Limited - India
- Oldendorff Carriers - Singapore
- Videocon Industries ltd - India
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- Malabar Cements Ltd - India
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- Dalmia Cement Bharat India
- Salva Resources Pvt Ltd - India
- GMR Energy Limited - India
- Orica Mining Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- White Energy Company Limited
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- Altura Mining Limited, Indonesia
- Eastern Energy - Thailand
- Asmin Koalindo Tuhup - Indonesia
- India Bulls Power Limited - India
- Alfred C Toepfer International GmbH - Germany
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