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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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Tuesday, 22 December 20
INDIA'S COAL DEMAND IS SET TO EXPAND DESPITE PLUMMETING IN 2020 - IEA
Coal consumption in India amounted to 979 Mt in 2019, with the largest share being thermal coal (including lignite) for electricity generation (687 ...
Tuesday, 22 December 20
SOUTHEAST ASIA'S COAL DEMAND IS SET TO EXPAND AFTER THE PANDEMIC-INDUCED HIATUS IN 2020 - IEA
Coal consumption in Southeast Asia has more than doubled in the last decade, with the largest growth in Indonesia and Viet Nam, followed by Malaysi ...
Tuesday, 22 December 20
COAL DEMAND IS RISING QUICKLY IN PAKISTAN AND MORE SLOWLY IN BANGLADESH - IEA
Pakistan had 150 MW of installed coal power capacity in 2015. Since 2017, in addition to a few small plants for industry, Pakistan has commissioned ...
Tuesday, 22 December 20
AFRICA PERSPECTIVE INDICATES NO MAJOR SHIFTS FOR COAL CONSUMPTION - IEA
Overall countries on the African continent consumed 197 Mt of coal in 2019, 12 Mt less (-6%) than 2018.
South Africa, the continent& ...
Monday, 21 December 20
COAL PRICES WITHSTAND DESPITE COVID-19 AND CHINESE IMPORT QUOTAS - IEA
Coal prices vary by region as well as by grade and quality. The price rebound starting in 2016 ended in 2018, moving in a downward trend in 2019. A ...
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- Deloitte Consulting - India
- IEA Clean Coal Centre - UK
- Planning Commission, India
- Riau Bara Harum - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- ICICI Bank Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Neyveli Lignite Corporation Ltd, - India
- Mercator Lines Limited - India
- Wood Mackenzie - Singapore
- Central Java Power - Indonesia
- Semirara Mining Corp, Philippines
- CNBM International Corporation - China
- Asmin Koalindo Tuhup - Indonesia
- Trasteel International SA, Italy
- IHS Mccloskey Coal Group - USA
- ASAPP Information Group - India
- Global Green Power PLC Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Binh Thuan Hamico - Vietnam
- Cigading International Bulk Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Indian Energy Exchange, India
- Bhoruka Overseas - Indonesia
- GAC Shipping (India) Pvt Ltd
- Latin American Coal - Colombia
- Semirara Mining and Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Ministry of Mines - Canada
- Parry Sugars Refinery, India
- Coastal Gujarat Power Limited - India
- Malabar Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Singapore Mercantile Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vizag Seaport Private Limited - India
- Petron Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sakthi Sugars Limited - India
- Maheswari Brothers Coal Limited - India
- Star Paper Mills Limited - India
- Global Coal Blending Company Limited - Australia
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
- Iligan Light & Power Inc, Philippines
- Electricity Generating Authority of Thailand
- White Energy Company Limited
- Kumho Petrochemical, South Korea
- Standard Chartered Bank - UAE
- SMG Consultants - Indonesia
- Power Finance Corporation Ltd., India
- Bharathi Cement Corporation - India
- The Treasury - Australian Government
- Kepco SPC Power Corporation, Philippines
- McConnell Dowell - Australia
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
- Uttam Galva Steels Limited - India
- Jindal Steel & Power Ltd - India
- Price Waterhouse Coopers - Russia
- Central Electricity Authority - India
- Thiess Contractors Indonesia
- Banpu Public Company Limited - Thailand
- Meralco Power Generation, Philippines
- Baramulti Group, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Minerals Council of Australia
- TNB Fuel Sdn Bhd - Malaysia
- Straits Asia Resources Limited - Singapore
- LBH Netherlands Bv - Netherlands
- Sarangani Energy Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Mercuria Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Altura Mining Limited, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Edison Trading Spa - Italy
- SMC Global Power, Philippines
- Interocean Group of Companies - India
- Holcim Trading Pte Ltd - Singapore
- Essar Steel Hazira Ltd - India
- PTC India Limited - India
- Oldendorff Carriers - Singapore
- Meenaskhi Energy Private Limited - India
- Jaiprakash Power Ventures ltd
- SN Aboitiz Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Parliament of New Zealand
- Lanco Infratech Ltd - India
- International Coal Ventures Pvt Ltd - India
- Orica Australia Pty. Ltd.
- PetroVietnam Power Coal Import and Supply Company
- Bhatia International Limited - India
- Agrawal Coal Company - India
- Wilmar Investment Holdings
- Mjunction Services Limited - India
- Tamil Nadu electricity Board
- Economic Council, Georgia
- Attock Cement Pakistan Limited
- Rio Tinto Coal - Australia
- Dalmia Cement Bharat India
- Indonesian Coal Mining Association
- Georgia Ports Authority, United States
- Eastern Coal Council - USA
- Directorate General of MIneral and Coal - Indonesia
- India Bulls Power Limited - India
- GVK Power & Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Manunggal Multi Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- Sical Logistics Limited - India
- OPG Power Generation Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Romanian Commodities Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- European Bulk Services B.V. - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- GN Power Mariveles Coal Plant, Philippines
- Ceylon Electricity Board - Sri Lanka
- Kobexindo Tractors - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Merrill Lynch Commodities Europe
- Bukit Baiduri Energy - Indonesia
- Energy Link Ltd, New Zealand
- Eastern Energy - Thailand
- Pendopo Energi Batubara - Indonesia
- Tata Chemicals Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Bhushan Steel Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Marubeni Corporation - India
- Renaissance Capital - South Africa
- Thai Mozambique Logistica
- Chamber of Mines of South Africa
- The University of Queensland
- Kapuas Tunggal Persada - Indonesia
- Coalindo Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Videocon Industries ltd - India
- Medco Energi Mining Internasional
- Bulk Trading Sa - Switzerland
- Heidelberg Cement - Germany
- Orica Mining Services - Indonesia
- Sindya Power Generating Company Private Ltd
- San Jose City I Power Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Mintek Dendrill Indonesia
- Aditya Birla Group - India
- Posco Energy - South Korea
- Indogreen Group - Indonesia
- Africa Commodities Group - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vedanta Resources Plc - India
- Larsen & Toubro Limited - India
- Kaltim Prima Coal - Indonesia
- Bangladesh Power Developement Board
- Electricity Authority, New Zealand
- Simpson Spence & Young - Indonesia
- Commonwealth Bank - Australia
- Australian Commodity Traders Exchange
- London Commodity Brokers - England
- New Zealand Coal & Carbon
- Siam City Cement PLC, Thailand
- Cement Manufacturers Association - India
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- TeaM Sual Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Anglo American - United Kingdom
- Toyota Tsusho Corporation, Japan
- CIMB Investment Bank - Malaysia
- Ministry of Finance - Indonesia
- Formosa Plastics Group - Taiwan
- Salva Resources Pvt Ltd - India
- Xindia Steels Limited - India
- Borneo Indobara - Indonesia
- GMR Energy Limited - India
- Barasentosa Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PowerSource Philippines DevCo
- Chettinad Cement Corporation Ltd - India
- Billiton Holdings Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Gujarat Sidhee Cement - India
- Antam Resourcindo - Indonesia
- Karaikal Port Pvt Ltd - India
- Australian Coal Association
- Energy Development Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Sree Jayajothi Cements Limited - India
- Savvy Resources Ltd - HongKong
- Ministry of Transport, Egypt
- Indian Oil Corporation Limited
- Gujarat Mineral Development Corp Ltd - India
- MS Steel International - UAE
- Goldman Sachs - Singapore
- Grasim Industreis Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Sojitz Corporation - Japan
- Aboitiz Power Corporation - Philippines
- VISA Power Limited - India
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