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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, 24 July 20
IPA: THERMAL COAL IMPORTS AT MAJOR PORTS DECLINE 35 PC TO 17.71 MT IN APR TO JUNE - ECONOMIC TIMES
These ports had handled 27.13 MT of thermal coal and 14.95 MT of coking coal in the April-June period of the previous financial year
...
Thursday, 23 July 20
KOREAN GENCOS INVITED BIDS FOR TOTAL 1.36 MILLION TONS OF BITUMINOUS COAL FOR OCTOBER 2020 LOADING
COALspot.com: Korea Midland Power Co., Ltd (KOMIPO) on behalf of EWP, KOSPO, KOSEP and KOWEPO has issued an international tender for total 1,360,00 ...
Wednesday, 22 July 20
CIL'S COAL SUPPLY TO POWER SECTOR DROPS OVER 21% TO 93.5 MT IN APR-JUN QUARTER - PTI
The supply of coal by state-owned Coal India Ltd to the power sector fell 21.7 percent to 93.5 million tonnes (MT) in the first quarter of the ongo ...
Monday, 20 July 20
KOREA MIDLAND POWER INVITED BIDS FOR TOTAL 2.520 MILLION MT OF BITUMINOUS COAL FOR THREE YEARS
COALspot.com: Korea Midland Power Co., Ltd (KOMIPO), has issued an international tender for total 840,000 of Bituminous Coal to be used at Bo ...
Monday, 20 July 20
CHINA'S JUNE COAL OUTPUT FALLS 1.2% YEAR-ON-YEAR OVER ILLEGAL MINING CHECKS - REUTERS
China’s coal output dropped 1.2% in June on the year to 330 million tonnes, official data showed, as major coal mining areas cracked down on ...
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- Electricity Generating Authority of Thailand
- Bangladesh Power Developement Board
- Makarim & Taira - Indonesia
- Gujarat Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- India Bulls Power Limited - India
- CIMB Investment Bank - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Indo Tambangraya Megah - Indonesia
- Chamber of Mines of South Africa
- Cement Manufacturers Association - India
- IHS Mccloskey Coal Group - USA
- Uttam Galva Steels Limited - India
- Mjunction Services Limited - India
- Grasim Industreis Ltd - India
- Globalindo Alam Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Salva Resources Pvt Ltd - India
- Indogreen Group - Indonesia
- Indonesian Coal Mining Association
- SN Aboitiz Power Inc, Philippines
- White Energy Company Limited
- Orica Australia Pty. Ltd.
- Siam City Cement PLC, Thailand
- Price Waterhouse Coopers - Russia
- Heidelberg Cement - Germany
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Finance - Indonesia
- Toyota Tsusho Corporation, Japan
- Formosa Plastics Group - Taiwan
- Iligan Light & Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Wilmar Investment Holdings
- Bharathi Cement Corporation - India
- Videocon Industries ltd - India
- Borneo Indobara - Indonesia
- Electricity Authority, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Altura Mining Limited, Indonesia
- Sarangani Energy Corporation, Philippines
- Power Finance Corporation Ltd., India
- Barasentosa Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- PowerSource Philippines DevCo
- Posco Energy - South Korea
- Bhushan Steel Limited - India
- Georgia Ports Authority, United States
- Parliament of New Zealand
- Indian Energy Exchange, India
- PNOC Exploration Corporation - Philippines
- Romanian Commodities Exchange
- Kohat Cement Company Ltd. - Pakistan
- Coastal Gujarat Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Independent Power Producers Association of India
- Petron Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- Australian Coal Association
- Bukit Makmur.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- MS Steel International - UAE
- Chettinad Cement Corporation Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Bulk Trading Sa - Switzerland
- Asmin Koalindo Tuhup - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Mintek Dendrill Indonesia
- New Zealand Coal & Carbon
- Bukit Baiduri Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Essar Steel Hazira Ltd - India
- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
- Larsen & Toubro Limited - India
- Star Paper Mills Limited - India
- Kartika Selabumi Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Oldendorff Carriers - Singapore
- ASAPP Information Group - India
- Maheswari Brothers Coal Limited - India
- Anglo American - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Economic Council, Georgia
- San Jose City I Power Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Ministry of Transport, Egypt
- Standard Chartered Bank - UAE
- SMC Global Power, Philippines
- Jindal Steel & Power Ltd - India
- European Bulk Services B.V. - Netherlands
- Riau Bara Harum - Indonesia
- Rio Tinto Coal - Australia
- Thai Mozambique Logistica
- Global Green Power PLC Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Leighton Contractors Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Edison Trading Spa - Italy
- Indian Oil Corporation Limited
- Bhoruka Overseas - Indonesia
- LBH Netherlands Bv - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Commonwealth Bank - Australia
- The Treasury - Australian Government
- Savvy Resources Ltd - HongKong
- Minerals Council of Australia
- Thiess Contractors Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kumho Petrochemical, South Korea
- Latin American Coal - Colombia
- Gujarat Mineral Development Corp Ltd - India
- Port Waratah Coal Services - Australia
- Planning Commission, India
- Gujarat Sidhee Cement - India
- Tamil Nadu electricity Board
- Agrawal Coal Company - India
- Intertek Mineral Services - Indonesia
- Singapore Mercantile Exchange
- Sree Jayajothi Cements Limited - India
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Carbofer General Trading SA - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Sojitz Corporation - Japan
- Kapuas Tunggal Persada - Indonesia
- Ministry of Mines - Canada
- Neyveli Lignite Corporation Ltd, - India
- Aditya Birla Group - India
- Medco Energi Mining Internasional
- Simpson Spence & Young - Indonesia
- Wood Mackenzie - Singapore
- Metalloyd Limited - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- Merrill Lynch Commodities Europe
- CNBM International Corporation - China
- South Luzon Thermal Energy Corporation
- Indika Energy - Indonesia
- IEA Clean Coal Centre - UK
- Dalmia Cement Bharat India
- Mercator Lines Limited - India
- Parry Sugars Refinery, India
- Energy Development Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Karaikal Port Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Lanco Infratech Ltd - India
- Timah Investasi Mineral - Indoneisa
- Central Java Power - Indonesia
- Holcim Trading Pte Ltd - Singapore
- International Coal Ventures Pvt Ltd - India
- Bhatia International Limited - India
- Sindya Power Generating Company Private Ltd
- GN Power Mariveles Coal Plant, Philippines
- Orica Mining Services - Indonesia
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- Siam City Cement - Thailand
- Antam Resourcindo - Indonesia
- GMR Energy Limited - India
- Malabar Cements Ltd - India
- Sical Logistics Limited - India
- Ambuja Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Xindia Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Deloitte Consulting - India
- Central Electricity Authority - India
- Interocean Group of Companies - India
- Meralco Power Generation, Philippines
- Trasteel International SA, Italy
- Coal and Oil Company - UAE
- Binh Thuan Hamico - Vietnam
- Therma Luzon, Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Billiton Holdings Pty Ltd - Australia
- PTC India Limited - India
- London Commodity Brokers - England
- McConnell Dowell - Australia
- Sinarmas Energy and Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Eastern Energy - Thailand
- Meenaskhi Energy Private Limited - India
- Kideco Jaya Agung - Indonesia
- Baramulti Group, Indonesia
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- The University of Queensland
- SMG Consultants - Indonesia
- Tata Chemicals Ltd - India
- Goldman Sachs - Singapore
- Global Business Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Coalindo Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Samtan Co., Ltd - South Korea
- Renaissance Capital - South Africa
- VISA Power Limited - India
- The State Trading Corporation of India Ltd
- Jaiprakash Power Ventures ltd
- Attock Cement Pakistan Limited
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