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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, 02 June 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.86 PCT - XINHUA
China Taiyuan coal transaction price index stood at 123.95 points Monday, down 0.86 percent week on week.
The index, released by Chi ...
Tuesday, 02 June 20
THE HISTORIC DECLINE OF US COAL - WOOD MACKENZIE
The first commercial power plant in the US was Thomas Edison’s coal-fired Pearl Street station in lower Manhattan, which started operating in ...
Tuesday, 02 June 20
COAL INDIA'S MAY SALES DRIVEN SHARPLY LOWER BY SLUMP IN POWER DEMAND - REUTER
Coal India’s sales fell 23.3% in May as utilities refrained from purchases amid record stockpiles and tepid demand because of a nationwide lo ...
Tuesday, 02 June 20
TUAH TURANGGA AGUNG RECORDED 4.54 MILLION TONS OF COAL SALES IN THE FIRST FOUR MONTHS OF 2020
PT United Tractors Tbk through its subsidiary, PT Tuah Turangga Agung recorded 4.54 million tons of coal sales in the first four months of 2020, up ...
Tuesday, 02 June 20
SOURING SINO-AUSTRALIA TRADE RELATIONS - BALTIC EXCHANGE
Cooling relations between the commodity powerhouses of China and Australia may point to trade troubles ahead when the world emerges from the Covid- ...
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- Wood Mackenzie - Singapore
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- GMR Energy Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- Lanco Infratech Ltd - India
- Gujarat Sidhee Cement - India
- The State Trading Corporation of India Ltd
- Timah Investasi Mineral - Indoneisa
- CNBM International Corporation - China
- Meralco Power Generation, Philippines
- Port Waratah Coal Services - Australia
- Aditya Birla Group - India
- The University of Queensland
- Independent Power Producers Association of India
- Miang Besar Coal Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Trasteel International SA, Italy
- Baramulti Group, Indonesia
- Interocean Group of Companies - India
- Kartika Selabumi Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Directorate Of Revenue Intelligence - India
- Banpu Public Company Limited - Thailand
- Minerals Council of Australia
- Bhoruka Overseas - Indonesia
- Bhatia International Limited - India
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- MS Steel International - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Transport, Egypt
- Tata Chemicals Ltd - India
- Merrill Lynch Commodities Europe
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- Indogreen Group - Indonesia
- Indian Energy Exchange, India
- PowerSource Philippines DevCo
- Bharathi Cement Corporation - India
- Indonesian Coal Mining Association
- Bayan Resources Tbk. - Indonesia
- Ind-Barath Power Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Ministry of Mines - Canada
- IHS Mccloskey Coal Group - USA
- Thai Mozambique Logistica
- SMG Consultants - Indonesia
- Australian Commodity Traders Exchange
- Bhushan Steel Limited - India
- Therma Luzon, Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Bukit Makmur.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Heidelberg Cement - Germany
- Kohat Cement Company Ltd. - Pakistan
- Parry Sugars Refinery, India
- Rashtriya Ispat Nigam Limited - India
- Mercator Lines Limited - India
- GVK Power & Infra Limited - India
- Global Business Power Corporation, Philippines
- Parliament of New Zealand
- Sree Jayajothi Cements Limited - India
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Dalmia Cement Bharat India
- Kalimantan Lumbung Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Jaiprakash Power Ventures ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement - Thailand
- Krishnapatnam Port Company Ltd. - India
- India Bulls Power Limited - India
- San Jose City I Power Corp, Philippines
- Petron Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- OPG Power Generation Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Kumho Petrochemical, South Korea
- Formosa Plastics Group - Taiwan
- Bukit Baiduri Energy - Indonesia
- Central Electricity Authority - India
- International Coal Ventures Pvt Ltd - India
- Carbofer General Trading SA - India
- Anglo American - United Kingdom
- Toyota Tsusho Corporation, Japan
- Cigading International Bulk Terminal - Indonesia
- ASAPP Information Group - India
- White Energy Company Limited
- Sarangani Energy Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Essar Steel Hazira Ltd - India
- Kobexindo Tractors - Indoneisa
- Economic Council, Georgia
- South Luzon Thermal Energy Corporation
- Coastal Gujarat Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- IEA Clean Coal Centre - UK
- Global Green Power PLC Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Electricity Generating Authority of Thailand
- Bulk Trading Sa - Switzerland
- Vijayanagar Sugar Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Cement Manufacturers Association - India
- McConnell Dowell - Australia
- Directorate General of MIneral and Coal - Indonesia
- Edison Trading Spa - Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Deloitte Consulting - India
- Riau Bara Harum - Indonesia
- Meenaskhi Energy Private Limited - India
- Uttam Galva Steels Limited - India
- Madhucon Powers Ltd - India
- Tamil Nadu electricity Board
- Xindia Steels Limited - India
- Singapore Mercantile Exchange
- Jindal Steel & Power Ltd - India
- London Commodity Brokers - England
- The Treasury - Australian Government
- Mercuria Energy - Indonesia
- Chamber of Mines of South Africa
- Simpson Spence & Young - Indonesia
- Australian Coal Association
- Siam City Cement PLC, Thailand
- Sindya Power Generating Company Private Ltd
- Energy Link Ltd, New Zealand
- Mjunction Services Limited - India
- Planning Commission, India
- Electricity Authority, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Indian Oil Corporation Limited
- Maharashtra Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- VISA Power Limited - India
- Eastern Coal Council - USA
- LBH Netherlands Bv - Netherlands
- Barasentosa Lestari - Indonesia
- Mintek Dendrill Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Leighton Contractors Pty Ltd - Australia
- Wilmar Investment Holdings
- Energy Development Corp, Philippines
- Oldendorff Carriers - Singapore
- Posco Energy - South Korea
- Kepco SPC Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Goldman Sachs - Singapore
- Attock Cement Pakistan Limited
- Romanian Commodities Exchange
- Indo Tambangraya Megah - Indonesia
- Agrawal Coal Company - India
- Grasim Industreis Ltd - India
- Bangladesh Power Developement Board
- SN Aboitiz Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Savvy Resources Ltd - HongKong
- ICICI Bank Limited - India
- Iligan Light & Power Inc, Philippines
- Star Paper Mills Limited - India
- Thiess Contractors Indonesia
- Chettinad Cement Corporation Ltd - India
- Ministry of Finance - Indonesia
- European Bulk Services B.V. - Netherlands
- Orica Mining Services - Indonesia
- Orica Australia Pty. Ltd.
- Bank of Tokyo Mitsubishi UFJ Ltd
- Samtan Co., Ltd - South Korea
- Ambuja Cements Ltd - India
- Commonwealth Bank - Australia
- Antam Resourcindo - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Vizag Seaport Private Limited - India
- Borneo Indobara - Indonesia
- Latin American Coal - Colombia
- New Zealand Coal & Carbon
- Globalindo Alam Lestari - Indonesia
- Videocon Industries ltd - India
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Indika Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Karaikal Port Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- Georgia Ports Authority, United States
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Makarim & Taira - Indonesia
- Larsen & Toubro Limited - India
- PTC India Limited - India
- Sical Logistics Limited - India
- Central Java Power - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Renaissance Capital - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Medco Energi Mining Internasional
- Marubeni Corporation - India
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