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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, 31 July 20
BOTSWANA PLANS MORE COAL-FIRED POWER AS AFRICAN SOLAR ACCELERATES - IEEFA
An African economic leader like Botswana should embrace solar to reduce subsidies and tariff hikes
As Sub-Saharan solar ambition has ...
Wednesday, 29 July 20
2019 U.S. COAL PRODUCTION FALLS TO ITS LOWEST LEVEL SINCE 1978 - EIA
In 2019, U.S. coal production totaled 706 million short tons (MMst), a 7% decrease from the 756 MMst mined in 2018. Last year’s production wa ...
Wednesday, 29 July 20
MARKET INSIGHT - INTERMODAL
The dry bulk sector is beginning to recover from reduced SnP activity recorded in the first quarter of 2020. The table below illustrates that appro ...
Tuesday, 28 July 20
DEUTSCHE BANK TO END GLOBAL BUSINESS ACTIVITIES IN COAL MINING BY 2025 - REUTERS
Deutsche Bank, in a revamp of its policies for fossil fuels, said on Monday that it would end business activities worldwide related to coal mining ...
Monday, 27 July 20
IEEFA ENERGY FINANCE CONFERENCE 2020: COAL, LNG, PETROCHEMICAL SECTORS FACE POOR OUTLOOK AND UPHILL BATTLE FOR INVESTORS
Fossil fuel industries were becoming less financially attractive even before the global coronavirus pandemic
Three major fossil fuel ...
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- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- India Bulls Power Limited - India
- ICICI Bank Limited - India
- Bayan Resources Tbk. - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Australia Pty. Ltd.
- Makarim & Taira - Indonesia
- Meralco Power Generation, Philippines
- Australian Commodity Traders Exchange
- Deloitte Consulting - India
- TNB Fuel Sdn Bhd - Malaysia
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- Sical Logistics Limited - India
- Cement Manufacturers Association - India
- Commonwealth Bank - Australia
- Indonesian Coal Mining Association
- Riau Bara Harum - Indonesia
- Intertek Mineral Services - Indonesia
- Indika Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Dalmia Cement Bharat India
- VISA Power Limited - India
- Petron Corporation, Philippines
- Latin American Coal - Colombia
- Price Waterhouse Coopers - Russia
- Metalloyd Limited - United Kingdom
- Altura Mining Limited, Indonesia
- Energy Link Ltd, New Zealand
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
- Kaltim Prima Coal - Indonesia
- Bharathi Cement Corporation - India
- Bangladesh Power Developement Board
- Global Business Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- White Energy Company Limited
- Globalindo Alam Lestari - Indonesia
- Economic Council, Georgia
- Global Coal Blending Company Limited - Australia
- Videocon Industries ltd - India
- Aditya Birla Group - India
- Meenaskhi Energy Private Limited - India
- Binh Thuan Hamico - Vietnam
- PowerSource Philippines DevCo
- Therma Luzon, Inc, Philippines
- Trasteel International SA, Italy
- Maheswari Brothers Coal Limited - India
- Semirara Mining Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Australian Coal Association
- Power Finance Corporation Ltd., India
- Global Green Power PLC Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Essar Steel Hazira Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Vedanta Resources Plc - India
- Holcim Trading Pte Ltd - Singapore
- Sindya Power Generating Company Private Ltd
- OPG Power Generation Pvt Ltd - India
- Indian Oil Corporation Limited
- Eastern Coal Council - USA
- Orica Mining Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Mercuria Energy - Indonesia
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Toyota Tsusho Corporation, Japan
- Leighton Contractors Pty Ltd - Australia
- Bhushan Steel Limited - India
- Salva Resources Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Ministry of Finance - Indonesia
- Agrawal Coal Company - India
- Siam City Cement PLC, Thailand
- Manunggal Multi Energi - Indonesia
- Africa Commodities Group - South Africa
- Uttam Galva Steels Limited - India
- Minerals Council of Australia
- Alfred C Toepfer International GmbH - Germany
- Directorate General of MIneral and Coal - Indonesia
- Mintek Dendrill Indonesia
- International Coal Ventures Pvt Ltd - India
- Wilmar Investment Holdings
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Karaikal Port Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jorong Barutama Greston.PT - Indonesia
- Bukit Makmur.PT - Indonesia
- Wood Mackenzie - Singapore
- Semirara Mining and Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Generating Authority of Thailand
- GAC Shipping (India) Pvt Ltd
- Marubeni Corporation - India
- Indo Tambangraya Megah - Indonesia
- Aboitiz Power Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Sinarmas Energy and Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kohat Cement Company Ltd. - Pakistan
- Port Waratah Coal Services - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Independent Power Producers Association of India
- Parliament of New Zealand
- The Treasury - Australian Government
- Siam City Cement - Thailand
- Renaissance Capital - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Malabar Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Kepco SPC Power Corporation, Philippines
- London Commodity Brokers - England
- Ambuja Cements Ltd - India
- Bhatia International Limited - India
- Grasim Industreis Ltd - India
- Bhoruka Overseas - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Simpson Spence & Young - Indonesia
- Merrill Lynch Commodities Europe
- Planning Commission, India
- Sakthi Sugars Limited - India
- The University of Queensland
- South Luzon Thermal Energy Corporation
- Central Electricity Authority - India
- Romanian Commodities Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Baiduri Energy - Indonesia
- Indian Energy Exchange, India
- Krishnapatnam Port Company Ltd. - India
- Rio Tinto Coal - Australia
- Heidelberg Cement - Germany
- LBH Netherlands Bv - Netherlands
- Posco Energy - South Korea
- GVK Power & Infra Limited - India
- Larsen & Toubro Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coal and Oil Company - UAE
- Thiess Contractors Indonesia
- New Zealand Coal & Carbon
- Parry Sugars Refinery, India
- Standard Chartered Bank - UAE
- Edison Trading Spa - Italy
- SN Aboitiz Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Sree Jayajothi Cements Limited - India
- Mjunction Services Limited - India
- Kideco Jaya Agung - Indonesia
- Ministry of Transport, Egypt
- Rashtriya Ispat Nigam Limited - India
- Singapore Mercantile Exchange
- Oldendorff Carriers - Singapore
- Billiton Holdings Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- SMC Global Power, Philippines
- Attock Cement Pakistan Limited
- MS Steel International - UAE
- McConnell Dowell - Australia
- Iligan Light & Power Inc, Philippines
- Star Paper Mills Limited - India
- Coastal Gujarat Power Limited - India
- Interocean Group of Companies - India
- CIMB Investment Bank - Malaysia
- Timah Investasi Mineral - Indoneisa
- Energy Development Corp, Philippines
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- Coalindo Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Anglo American - United Kingdom
- Carbofer General Trading SA - India
- Directorate Of Revenue Intelligence - India
- Baramulti Group, Indonesia
- IEA Clean Coal Centre - UK
- The State Trading Corporation of India Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Madhucon Powers Ltd - India
- CNBM International Corporation - China
- PTC India Limited - India
- Central Java Power - Indonesia
- Sojitz Corporation - Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Antam Resourcindo - Indonesia
- TeaM Sual Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Lanco Infratech Ltd - India
- Goldman Sachs - Singapore
- Mercator Lines Limited - India
- Tata Chemicals Ltd - India
- Vizag Seaport Private Limited - India
- Xindia Steels Limited - India
- Electricity Authority, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Georgia Ports Authority, United States
- Straits Asia Resources Limited - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Savvy Resources Ltd - HongKong
- SMG Consultants - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Kapuas Tunggal Persada - Indonesia
- Jaiprakash Power Ventures ltd
- Tamil Nadu electricity Board
- Samtan Co., Ltd - South Korea
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