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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, 21 August 20
BHP COMMITS TO SELLING ITS THERMAL COALMINES WITHIN TWO YEARS - THE GUARDIAN
Move follows pressure from investors but company stops short of full exit from coalmining
BHP has announced it plans to sell off its ...
Thursday, 20 August 20
MINER BHP CONFIRMS PLANS TO EXIT THERMAL COAL SECTOR - THE SYDNEY MORNING HERALD
The head of mining giant BHP has laid out plans for a reshaping of its global operations by seeking to quit thermal coal mining, offload some cokin ...
Thursday, 20 August 20
LONDON RETAINS ARBITER CROWN - BALTIC EXCHANGE | HFW
Fears that the UK’s decision to leave the European Union would dent the reputation of the nation’s capital as the leader in maritime ar ...
Wednesday, 19 August 20
U.S. COAL STOCKPILES STEADILY INCREASE AFTER REACHING LOWEST LEVEL IN A DECADE IN 2019 - EIA
After reaching their lowest level in more than a decade in March 2019, U.S. coal stockpiles steadily increased to 152 million tons in April 2020, r ...
Wednesday, 19 August 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.26 PCT - XINHUA
China Taiyuan coal transaction price index stood at 124.92 points Monday, down 0.26 percent week on week.
The index, released by Chi ...
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- Singapore Mercantile Exchange
- Kalimantan Lumbung Energi - Indonesia
- Trasteel International SA, Italy
- SMC Global Power, Philippines
- Eastern Energy - Thailand
- Chettinad Cement Corporation Ltd - India
- Kobexindo Tractors - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kaltim Prima Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Interocean Group of Companies - India
- Riau Bara Harum - Indonesia
- South Luzon Thermal Energy Corporation
- Rio Tinto Coal - Australia
- Larsen & Toubro Limited - India
- IEA Clean Coal Centre - UK
- San Jose City I Power Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Intertek Mineral Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Thiess Contractors Indonesia
- Kepco SPC Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Energy Link Ltd, New Zealand
- Vedanta Resources Plc - India
- Bulk Trading Sa - Switzerland
- Latin American Coal - Colombia
- Global Business Power Corporation, Philippines
- McConnell Dowell - Australia
- CNBM International Corporation - China
- Kapuas Tunggal Persada - Indonesia
- International Coal Ventures Pvt Ltd - India
- Indika Energy - Indonesia
- Lanco Infratech Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Mjunction Services Limited - India
- New Zealand Coal & Carbon
- Edison Trading Spa - Italy
- Directorate Of Revenue Intelligence - India
- Jorong Barutama Greston.PT - Indonesia
- Baramulti Group, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Marubeni Corporation - India
- Makarim & Taira - Indonesia
- GVK Power & Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Antam Resourcindo - Indonesia
- Maheswari Brothers Coal Limited - India
- Eastern Coal Council - USA
- Bahari Cakrawala Sebuku - Indonesia
- Mercuria Energy - Indonesia
- Thai Mozambique Logistica
- IHS Mccloskey Coal Group - USA
- GMR Energy Limited - India
- Central Java Power - Indonesia
- Commonwealth Bank - Australia
- The State Trading Corporation of India Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Authority, New Zealand
- Star Paper Mills Limited - India
- Indonesian Coal Mining Association
- Orica Australia Pty. Ltd.
- OPG Power Generation Pvt Ltd - India
- Borneo Indobara - Indonesia
- Tamil Nadu electricity Board
- Power Finance Corporation Ltd., India
- Malabar Cements Ltd - India
- Tata Chemicals Ltd - India
- Ministry of Transport, Egypt
- Economic Council, Georgia
- Bhushan Steel Limited - India
- Agrawal Coal Company - India
- Aboitiz Power Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Wood Mackenzie - Singapore
- Semirara Mining Corp, Philippines
- ASAPP Information Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Gujarat Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Banpu Public Company Limited - Thailand
- Holcim Trading Pte Ltd - Singapore
- Anglo American - United Kingdom
- Bangladesh Power Developement Board
- Jaiprakash Power Ventures ltd
- Miang Besar Coal Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Posco Energy - South Korea
- Gujarat Sidhee Cement - India
- TeaM Sual Corporation - Philippines
- Xindia Steels Limited - India
- Central Electricity Authority - India
- Africa Commodities Group - South Africa
- Mintek Dendrill Indonesia
- Samtan Co., Ltd - South Korea
- Rashtriya Ispat Nigam Limited - India
- Meralco Power Generation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Georgia Ports Authority, United States
- Iligan Light & Power Inc, Philippines
- Heidelberg Cement - Germany
- Mercator Lines Limited - India
- Carbofer General Trading SA - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Madhucon Powers Ltd - India
- Price Waterhouse Coopers - Russia
- Sinarmas Energy and Mining - Indonesia
- Minerals Council of Australia
- London Commodity Brokers - England
- Attock Cement Pakistan Limited
- Parliament of New Zealand
- Sindya Power Generating Company Private Ltd
- MS Steel International - UAE
- Coastal Gujarat Power Limited - India
- Simpson Spence & Young - Indonesia
- Ministry of Mines - Canada
- PNOC Exploration Corporation - Philippines
- Siam City Cement PLC, Thailand
- Standard Chartered Bank - UAE
- Orica Mining Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Coalindo Energy - Indonesia
- India Bulls Power Limited - India
- Chamber of Mines of South Africa
- Krishnapatnam Port Company Ltd. - India
- Indian Oil Corporation Limited
- Petron Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sical Logistics Limited - India
- Videocon Industries ltd - India
- Port Waratah Coal Services - Australia
- Jindal Steel & Power Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Timah Investasi Mineral - Indoneisa
- Bharathi Cement Corporation - India
- PowerSource Philippines DevCo
- Ambuja Cements Ltd - India
- Aditya Birla Group - India
- GN Power Mariveles Coal Plant, Philippines
- Uttam Galva Steels Limited - India
- CIMB Investment Bank - Malaysia
- Cement Manufacturers Association - India
- Altura Mining Limited, Indonesia
- Binh Thuan Hamico - Vietnam
- Indogreen Group - Indonesia
- Meenaskhi Energy Private Limited - India
- Bhoruka Overseas - Indonesia
- Renaissance Capital - South Africa
- Indian Energy Exchange, India
- Bukit Baiduri Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Kideco Jaya Agung - Indonesia
- Bhatia International Limited - India
- Independent Power Producers Association of India
- Karaikal Port Pvt Ltd - India
- Parry Sugars Refinery, India
- Electricity Generating Authority of Thailand
- PTC India Limited - India
- Sakthi Sugars Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Australian Coal Association
- Medco Energi Mining Internasional
- VISA Power Limited - India
- Romanian Commodities Exchange
- Leighton Contractors Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Oldendorff Carriers - Singapore
- Formosa Plastics Group - Taiwan
- Deloitte Consulting - India
- LBH Netherlands Bv - Netherlands
- Savvy Resources Ltd - HongKong
- Metalloyd Limited - United Kingdom
- Energy Development Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Salva Resources Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- The Treasury - Australian Government
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Planning Commission, India
- Sojitz Corporation - Japan
- Coal and Oil Company - UAE
- Merrill Lynch Commodities Europe
- Goldman Sachs - Singapore
- Ministry of Finance - Indonesia
- Dalmia Cement Bharat India
- Siam City Cement - Thailand
- Grasim Industreis Ltd - India
- Therma Luzon, Inc, Philippines
- Wilmar Investment Holdings
- White Energy Company Limited
- Straits Asia Resources Limited - Singapore
- Ceylon Electricity Board - Sri Lanka
- SMG Consultants - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Sree Jayajothi Cements Limited - India
- Kartika Selabumi Mining - Indonesia
- The University of Queensland
- Cigading International Bulk Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Vizag Seaport Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Kumho Petrochemical, South Korea
- Australian Commodity Traders Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bayan Resources Tbk. - Indonesia
- Bukit Makmur.PT - Indonesia
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