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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, 07 July 20
WHAT DOES THE PATHWAY TO A NET-ZERO ECONOMY LOOK LIKE FOR MINERS? - WOOD MACKENZIE
Wind, solar, electric vehicles, stationary storage and transmission are all central to achieving the Paris Agreement decarbonisation goals.
&nb ...
Monday, 06 July 20
INDONESIAN COAL PRICE REFERENCE IN FREE FALL
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down again the benchmark price of Indonesian th ...
Monday, 06 July 20
SUPRAMAX: A 58,000-DWT FIXING DELIVERY VIETNAM TRIP VIA INDONESIA RE-DELIVERY WEST INDIA IN THE LOW $4,000S
Capesize
The Capesize market continues to go from strength to strength, as rates reach highs not seen since September last year. The rally is p ...
Thursday, 02 July 20
PRIVATE COAL MINING MAY SEE WEAK INVESTOR SENTIMENT: ICRA - LIVEMINT
The prospects of commercial coal mining in India may be dimmer than initially expected because of the expected shift in India’s energy mix fr ...
Wednesday, 01 July 20
THERMAL COAL OPTIONS TRADING LAUNCHED IN CHINA'S ZHENGZHOU - XINHUA
Thermal coal options started trading on the Zhengzhou Commodity Exchange (ZCE) in central China’s Henan Province Tuesday.
It i ...
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- South Luzon Thermal Energy Corporation
- Sindya Power Generating Company Private Ltd
- Orica Mining Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- White Energy Company Limited
- Coalindo Energy - Indonesia
- Xindia Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Coastal Gujarat Power Limited - India
- Ind-Barath Power Infra Limited - India
- Kumho Petrochemical, South Korea
- Economic Council, Georgia
- Bank of Tokyo Mitsubishi UFJ Ltd
- LBH Netherlands Bv - Netherlands
- Uttam Galva Steels Limited - India
- Samtan Co., Ltd - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- GMR Energy Limited - India
- Iligan Light & Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
- GVK Power & Infra Limited - India
- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- Indian Oil Corporation Limited
- Latin American Coal - Colombia
- Eastern Coal Council - USA
- Mintek Dendrill Indonesia
- Standard Chartered Bank - UAE
- Barasentosa Lestari - Indonesia
- Meralco Power Generation, Philippines
- Romanian Commodities Exchange
- European Bulk Services B.V. - Netherlands
- San Jose City I Power Corp, Philippines
- Merrill Lynch Commodities Europe
- Sree Jayajothi Cements Limited - India
- Electricity Generating Authority of Thailand
- Kapuas Tunggal Persada - Indonesia
- Port Waratah Coal Services - Australia
- Cigading International Bulk Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Singapore Mercantile Exchange
- Toyota Tsusho Corporation, Japan
- Heidelberg Cement - Germany
- Bharathi Cement Corporation - India
- Meenaskhi Energy Private Limited - India
- Thiess Contractors Indonesia
- PTC India Limited - India
- AsiaOL BioFuels Corp., Philippines
- Central Electricity Authority - India
- Marubeni Corporation - India
- Sojitz Corporation - Japan
- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Australian Coal Association
- Goldman Sachs - Singapore
- Trasteel International SA, Italy
- CNBM International Corporation - China
- Siam City Cement PLC, Thailand
- Krishnapatnam Port Company Ltd. - India
- Holcim Trading Pte Ltd - Singapore
- Straits Asia Resources Limited - Singapore
- Commonwealth Bank - Australia
- Maheswari Brothers Coal Limited - India
- Indonesian Coal Mining Association
- Indika Energy - Indonesia
- Gujarat Sidhee Cement - India
- Cement Manufacturers Association - India
- Makarim & Taira - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- New Zealand Coal & Carbon
- Directorate Of Revenue Intelligence - India
- SMG Consultants - Indonesia
- Bhushan Steel Limited - India
- Price Waterhouse Coopers - Russia
- PetroVietnam Power Coal Import and Supply Company
- Rio Tinto Coal - Australia
- Larsen & Toubro Limited - India
- Riau Bara Harum - Indonesia
- Sinarmas Energy and Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Agrawal Coal Company - India
- Binh Thuan Hamico - Vietnam
- Parliament of New Zealand
- Borneo Indobara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Wilmar Investment Holdings
- Bukit Makmur.PT - Indonesia
- Central Java Power - Indonesia
- IHS Mccloskey Coal Group - USA
- Manunggal Multi Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Mercuria Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Indian Energy Exchange, India
- Kideco Jaya Agung - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Minerals Council of Australia
- Vedanta Resources Plc - India
- Therma Luzon, Inc, Philippines
- The State Trading Corporation of India Ltd
- Kaltim Prima Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- VISA Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Karbindo Abesyapradhi - Indoneisa
- Energy Link Ltd, New Zealand
- PNOC Exploration Corporation - Philippines
- Renaissance Capital - South Africa
- Mjunction Services Limited - India
- Vizag Seaport Private Limited - India
- SN Aboitiz Power Inc, Philippines
- ASAPP Information Group - India
- Miang Besar Coal Terminal - Indonesia
- Indogreen Group - Indonesia
- Savvy Resources Ltd - HongKong
- CIMB Investment Bank - Malaysia
- TNB Fuel Sdn Bhd - Malaysia
- Bangladesh Power Developement Board
- Bayan Resources Tbk. - Indonesia
- Sarangani Energy Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Wood Mackenzie - Singapore
- Parry Sugars Refinery, India
- Attock Cement Pakistan Limited
- Aboitiz Power Corporation - Philippines
- Deloitte Consulting - India
- Ministry of Finance - Indonesia
- Carbofer General Trading SA - India
- Bukit Baiduri Energy - Indonesia
- PowerSource Philippines DevCo
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Ministry of Transport, Egypt
- Oldendorff Carriers - Singapore
- Eastern Energy - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- Kobexindo Tractors - Indoneisa
- Interocean Group of Companies - India
- Metalloyd Limited - United Kingdom
- SMC Global Power, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Banpu Public Company Limited - Thailand
- Tata Chemicals Ltd - India
- Electricity Authority, New Zealand
- Ministry of Mines - Canada
- The University of Queensland
- Africa Commodities Group - South Africa
- Aditya Birla Group - India
- Gujarat Mineral Development Corp Ltd - India
- Baramulti Group, Indonesia
- Coal and Oil Company - UAE
- International Coal Ventures Pvt Ltd - India
- Malabar Cements Ltd - India
- Power Finance Corporation Ltd., India
- Gujarat Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Petron Corporation, Philippines
- Antam Resourcindo - Indonesia
- Independent Power Producers Association of India
- Georgia Ports Authority, United States
- Ambuja Cements Ltd - India
- Posco Energy - South Korea
- Bhoruka Overseas - Indonesia
- GAC Shipping (India) Pvt Ltd
- Medco Energi Mining Internasional
- Salva Resources Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Australian Commodity Traders Exchange
- Rashtriya Ispat Nigam Limited - India
- IEA Clean Coal Centre - UK
- Jindal Steel & Power Ltd - India
- ICICI Bank Limited - India
- Dalmia Cement Bharat India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indo Tambangraya Megah - Indonesia
- Essar Steel Hazira Ltd - India
- Bhatia International Limited - India
- Bulk Trading Sa - Switzerland
- Orica Australia Pty. Ltd.
- Siam City Cement - Thailand
- Sical Logistics Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Tamil Nadu electricity Board
- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- The Treasury - Australian Government
- Star Paper Mills Limited - India
- Pendopo Energi Batubara - Indonesia
- Thai Mozambique Logistica
- London Commodity Brokers - England
- Edison Trading Spa - Italy
- Planning Commission, India
- Videocon Industries ltd - India
- Mercator Lines Limited - India
- MS Steel International - UAE
- Jaiprakash Power Ventures ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- McConnell Dowell - Australia
- India Bulls Power Limited - India
- Global Coal Blending Company Limited - Australia
- Sakthi Sugars Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
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