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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, 24 March 20
THE TRIPLE SHOCK OF CORONAVIRUS IN SHIPPING: WILL IT LAST? - DREWRY
Transport capacity shortages, disruptions to supply chains and inability to plan since late January have been a dangerous combination. But will all ...
Tuesday, 24 March 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.28 PCT - XINHUA
China Taiyuan coal transaction price index stood at 132.74 points Monday, down 0.28 percent week on week.
The index, released by Chi ...
Monday, 23 March 20
CHARTERPARTY REQUIREMENTS TO NOTIFY CLAIMS - TAKE CARE! - WFW
KNOWLEDGE TO ELEVATE
Voyage charterparties frequently require the owner to notify any claim with supporting documents within a relatively shor ...
Monday, 23 March 20
COAL INDIA LIMITED'S ONE-DAY OUTPUT PEAKS AT 3.17 MT - THE HINDU
Coal India Limited (CIL) output peaked at a new high of 3.17 million tonnes (MT) on March 20, overtaking the 3.14 MT production recorded on March 2 ...
Monday, 23 March 20
KOMIPO INVITED BIDS FOR 1.45 MILLION TONS OF COAL FOR JUNE & JULY 2020 LOADING
COALspot.com: Korea Midland Power Co.,Ltd (KOMIPO), on behalf of five Korean Gencos, has issued an international tender for total 1,450,000 MT (&pl ...
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- Power Finance Corporation Ltd., India
- Bangladesh Power Developement Board
- Globalindo Alam Lestari - Indonesia
- Energy Development Corp, Philippines
- Price Waterhouse Coopers - Russia
- San Jose City I Power Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Dalmia Cement Bharat India
- Star Paper Mills Limited - India
- Orica Australia Pty. Ltd.
- Kideco Jaya Agung - Indonesia
- Electricity Generating Authority of Thailand
- Kobexindo Tractors - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Latin American Coal - Colombia
- Tata Chemicals Ltd - India
- PowerSource Philippines DevCo
- Singapore Mercantile Exchange
- Indonesian Coal Mining Association
- Leighton Contractors Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Indogreen Group - Indonesia
- Aboitiz Power Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Bhushan Steel Limited - India
- Ind-Barath Power Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Interocean Group of Companies - India
- Standard Chartered Bank - UAE
- Semirara Mining and Power Corporation, Philippines
- Indian Oil Corporation Limited
- Marubeni Corporation - India
- Baramulti Group, Indonesia
- Mercator Lines Limited - India
- Karaikal Port Pvt Ltd - India
- Aditya Birla Group - India
- Parry Sugars Refinery, India
- Romanian Commodities Exchange
- Gujarat Sidhee Cement - India
- Anglo American - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Oldendorff Carriers - Singapore
- Banpu Public Company Limited - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- SMG Consultants - Indonesia
- Coalindo Energy - Indonesia
- The State Trading Corporation of India Ltd
- Toyota Tsusho Corporation, Japan
- White Energy Company Limited
- Madhucon Powers Ltd - India
- Kumho Petrochemical, South Korea
- Merrill Lynch Commodities Europe
- Borneo Indobara - Indonesia
- Ministry of Finance - Indonesia
- Coastal Gujarat Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- PNOC Exploration Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Larsen & Toubro Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Salva Resources Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Videocon Industries ltd - India
- ASAPP Information Group - India
- Ceylon Electricity Board - Sri Lanka
- Mercuria Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Ambuja Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Tamil Nadu electricity Board
- Jorong Barutama Greston.PT - Indonesia
- Port Waratah Coal Services - Australia
- Goldman Sachs - Singapore
- Orica Mining Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Vizag Seaport Private Limited - India
- Attock Cement Pakistan Limited
- Planning Commission, India
- Miang Besar Coal Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Altura Mining Limited, Indonesia
- Siam City Cement PLC, Thailand
- Economic Council, Georgia
- Trasteel International SA, Italy
- Deloitte Consulting - India
- McConnell Dowell - Australia
- Sakthi Sugars Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IEA Clean Coal Centre - UK
- Riau Bara Harum - Indonesia
- Sical Logistics Limited - India
- Bhatia International Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Chettinad Cement Corporation Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- Wilmar Investment Holdings
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Thiess Contractors Indonesia
- VISA Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- New Zealand Coal & Carbon
- Grasim Industreis Ltd - India
- Eastern Coal Council - USA
- Bayan Resources Tbk. - Indonesia
- ICICI Bank Limited - India
- Sree Jayajothi Cements Limited - India
- Cement Manufacturers Association - India
- Sarangani Energy Corporation, Philippines
- Petron Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Thai Mozambique Logistica
- Posco Energy - South Korea
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Heidelberg Cement - Germany
- SN Aboitiz Power Inc, Philippines
- Rio Tinto Coal - Australia
- London Commodity Brokers - England
- Sojitz Corporation - Japan
- Parliament of New Zealand
- Therma Luzon, Inc, Philippines
- Kaltim Prima Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Semirara Mining Corp, Philippines
- Jindal Steel & Power Ltd - India
- Timah Investasi Mineral - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Africa Commodities Group - South Africa
- Gujarat Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Neyveli Lignite Corporation Ltd, - India
- Agrawal Coal Company - India
- Maharashtra Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Antam Resourcindo - Indonesia
- Essar Steel Hazira Ltd - India
- MS Steel International - UAE
- Independent Power Producers Association of India
- Directorate General of MIneral and Coal - Indonesia
- Lanco Infratech Ltd - India
- CNBM International Corporation - China
- PetroVietnam Power Coal Import and Supply Company
- Minerals Council of Australia
- The Treasury - Australian Government
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- Australian Commodity Traders Exchange
- Indika Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Cigading International Bulk Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Central Java Power - Indonesia
- Australian Coal Association
- Vedanta Resources Plc - India
- Indian Energy Exchange, India
- Commonwealth Bank - Australia
- Wood Mackenzie - Singapore
- The University of Queensland
- Asmin Koalindo Tuhup - Indonesia
- Maheswari Brothers Coal Limited - India
- Edison Trading Spa - Italy
- Energy Link Ltd, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Georgia Ports Authority, United States
- PTC India Limited - India
- Siam City Cement - Thailand
- GMR Energy Limited - India
- Electricity Authority, New Zealand
- Central Electricity Authority - India
- Sinarmas Energy and Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Makarim & Taira - Indonesia
- Uttam Galva Steels Limited - India
- Samtan Co., Ltd - South Korea
- Medco Energi Mining Internasional
- Barasentosa Lestari - Indonesia
- Eastern Energy - Thailand
- Malabar Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Kohat Cement Company Ltd. - Pakistan
- Mintek Dendrill Indonesia
- GVK Power & Infra Limited - India
- Jaiprakash Power Ventures ltd
- Intertek Mineral Services - Indonesia
- Formosa Plastics Group - Taiwan
- Meenaskhi Energy Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Coal and Oil Company - UAE
- Metalloyd Limited - United Kingdom
- Binh Thuan Hamico - Vietnam
- Bhoruka Overseas - Indonesia
- SMC Global Power, Philippines
- GAC Shipping (India) Pvt Ltd
- IHS Mccloskey Coal Group - USA
- Renaissance Capital - South Africa
- Carbofer General Trading SA - India
- Simpson Spence & Young - Indonesia
- Global Business Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- India Bulls Power Limited - India
- Directorate Of Revenue Intelligence - India
- Ministry of Transport, Egypt
- Mjunction Services Limited - India
- Xindia Steels Limited - India
- South Luzon Thermal Energy Corporation
- Bukit Baiduri Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
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