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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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Friday, 01 December 23
COAL MINERS GROUP EXPECTS INDONESIA’S 2023 COAL OUTPUT TO SURPASS TARGET - REUTERS
The Indonesian Coal Mining Association (ICMA) expects the country’s 2023 coal output to surpass the official target of 695 million metric ton ...
Friday, 24 November 23
COAL IMPORTS TO INDIA IN OCTOBER 2023 REACHED HIGHEST LEVELS IN NEARLY A YEAR AND A HALF - VESSELSVALUE, VESON NAUTICAL
In October, coal imports to India reached 13.8 mt in October 2023, according to Oceanbolt, a Veson Nautical solution, the highest level since May 2 ...
Friday, 24 November 23
COAL SHIPMENTS TO ADVANCED ECONOMIES DOWN 17% SO FAR IN 2023 - BIMCO
In the first ten months of 2023, coal shipments to advanced economies fell by 17% y/y, as demand for electricity declined and the share of electric ...
Friday, 24 November 23
INTELLIGENT COAL MINES CONTRIBUTE TO IMPROVING SAFETY STANDARDS - CHINA DAILY
Mechanization, automation and intelligent upgrades have contributed to improved safety in coal mines, though the level of development of intelligen ...
Friday, 24 November 23
WHY AUSTRALIA'S COAL MINES ARE GETTING BIGGER - IEEFA
Australia’s largest coal mines are getting larger. Mines in New South Wales (NSW) are ramping up production following the state’s recov ...
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Global Coal Blending Company Limited - Australia
- Siam City Cement - Thailand
- Mjunction Services Limited - India
- Port Waratah Coal Services - Australia
- Tata Chemicals Ltd - India
- Ministry of Transport, Egypt
- Siam City Cement PLC, Thailand
- Electricity Generating Authority of Thailand
- Bhatia International Limited - India
- Minerals Council of Australia
- Bulk Trading Sa - Switzerland
- Thiess Contractors Indonesia
- Straits Asia Resources Limited - Singapore
- Sinarmas Energy and Mining - Indonesia
- Oldendorff Carriers - Singapore
- Krishnapatnam Port Company Ltd. - India
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
- Globalindo Alam Lestari - Indonesia
- The University of Queensland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Mining Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- London Commodity Brokers - England
- Africa Commodities Group - South Africa
- Madhucon Powers Ltd - India
- Directorate Of Revenue Intelligence - India
- Therma Luzon, Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Merrill Lynch Commodities Europe
- SMG Consultants - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Edison Trading Spa - Italy
- Bangladesh Power Developement Board
- Bharathi Cement Corporation - India
- Sakthi Sugars Limited - India
- Romanian Commodities Exchange
- Lanco Infratech Ltd - India
- Eastern Energy - Thailand
- The Treasury - Australian Government
- Coastal Gujarat Power Limited - India
- Global Business Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Aboitiz Power Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- New Zealand Coal & Carbon
- Formosa Plastics Group - Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Independent Power Producers Association of India
- Georgia Ports Authority, United States
- Semirara Mining and Power Corporation, Philippines
- Planning Commission, India
- Bayan Resources Tbk. - Indonesia
- Dalmia Cement Bharat India
- Malabar Cements Ltd - India
- Eastern Coal Council - USA
- Indian Energy Exchange, India
- Simpson Spence & Young - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Anglo American - United Kingdom
- Electricity Authority, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Power Finance Corporation Ltd., India
- Attock Cement Pakistan Limited
- Gujarat Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Economic Council, Georgia
- Star Paper Mills Limited - India
- Meralco Power Generation, Philippines
- GAC Shipping (India) Pvt Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Latin American Coal - Colombia
- Manunggal Multi Energi - Indonesia
- Semirara Mining Corp, Philippines
- Essar Steel Hazira Ltd - India
- Kobexindo Tractors - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Energy Link Ltd, New Zealand
- Gujarat Sidhee Cement - India
- Kartika Selabumi Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Finance - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Chamber of Mines of South Africa
- McConnell Dowell - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jaiprakash Power Ventures ltd
- Mercuria Energy - Indonesia
- Borneo Indobara - Indonesia
- Antam Resourcindo - Indonesia
- Karaikal Port Pvt Ltd - India
- Coalindo Energy - Indonesia
- PTC India Limited - India
- MS Steel International - UAE
- Maharashtra Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Bhushan Steel Limited - India
- Wilmar Investment Holdings
- LBH Netherlands Bv - Netherlands
- Wood Mackenzie - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sical Logistics Limited - India
- Barasentosa Lestari - Indonesia
- Makarim & Taira - Indonesia
- India Bulls Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Mintek Dendrill Indonesia
- TeaM Sual Corporation - Philippines
- Riau Bara Harum - Indonesia
- Toyota Tsusho Corporation, Japan
- Australian Coal Association
- Singapore Mercantile Exchange
- Commonwealth Bank - Australia
- Trasteel International SA, Italy
- Miang Besar Coal Terminal - Indonesia
- Carbofer General Trading SA - India
- Karbindo Abesyapradhi - Indoneisa
- SMC Global Power, Philippines
- Jindal Steel & Power Ltd - India
- Videocon Industries ltd - India
- Kideco Jaya Agung - Indonesia
- Grasim Industreis Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Vizag Seaport Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Indogreen Group - Indonesia
- AsiaOL BioFuels Corp., Philippines
- IEA Clean Coal Centre - UK
- Agrawal Coal Company - India
- GVK Power & Infra Limited - India
- Rio Tinto Coal - Australia
- Larsen & Toubro Limited - India
- Ceylon Electricity Board - Sri Lanka
- Bukit Baiduri Energy - Indonesia
- Vedanta Resources Plc - India
- Renaissance Capital - South Africa
- Ambuja Cements Ltd - India
- Indian Oil Corporation Limited
- ASAPP Information Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Central Java Power - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Mines - Canada
- Aditya Birla Group - India
- Iligan Light & Power Inc, Philippines
- GMR Energy Limited - India
- Energy Development Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Intertek Mineral Services - Indonesia
- Banpu Public Company Limited - Thailand
- Xindia Steels Limited - India
- European Bulk Services B.V. - Netherlands
- White Energy Company Limited
- Kohat Cement Company Ltd. - Pakistan
- Chettinad Cement Corporation Ltd - India
- Bhoruka Overseas - Indonesia
- Timah Investasi Mineral - Indoneisa
- Kumho Petrochemical, South Korea
- Bukit Makmur.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Indonesian Coal Mining Association
- South Luzon Thermal Energy Corporation
- Savvy Resources Ltd - HongKong
- CNBM International Corporation - China
- PNOC Exploration Corporation - Philippines
- Parliament of New Zealand
- Parry Sugars Refinery, India
- Interocean Group of Companies - India
- Cement Manufacturers Association - India
- Holcim Trading Pte Ltd - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Goldman Sachs - Singapore
- Marubeni Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- PowerSource Philippines DevCo
- Salva Resources Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- VISA Power Limited - India
- San Jose City I Power Corp, Philippines
- Coal and Oil Company - UAE
- ICICI Bank Limited - India
- Ind-Barath Power Infra Limited - India
- Metalloyd Limited - United Kingdom
- Sindya Power Generating Company Private Ltd
- Tamil Nadu electricity Board
- Deloitte Consulting - India
- Rashtriya Ispat Nigam Limited - India
- Binh Thuan Hamico - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Price Waterhouse Coopers - Russia
- Pendopo Energi Batubara - Indonesia
- Uttam Galva Steels Limited - India
- Baramulti Group, Indonesia
- The State Trading Corporation of India Ltd
- Orica Australia Pty. Ltd.
- Asmin Koalindo Tuhup - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Australian Commodity Traders Exchange
- Heidelberg Cement - Germany
- Sojitz Corporation - Japan
- IHS Mccloskey Coal Group - USA
- CIMB Investment Bank - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Posco Energy - South Korea
- Petron Corporation, Philippines
- Altura Mining Limited, Indonesia
- Indika Energy - Indonesia
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