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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, 11 April 23
OIL RISES ON CHINA STIMULUS EXPECTATIONS, WEAKER DOLLAR - REUTERS
Oil prices rose on Tuesday on expectations of potential economic stimulus by China, healthy demand in the rest of Asia and a drop in U.S. crude sto ...
Sunday, 09 April 23
CHINA’S BUSINESS INCOME REBOUND POINTS TO IMPROVING ECONOMY: OFFICIAL - XINHUA
Chinese businesses have posted a strong rebound in sales revenue since the beginning of this year in the latest signal of an improving economy.
...
Sunday, 09 April 23
COAL INDIA TO BOOST SUPPLIES TO INDUSTRIES AS UTILITIES’ INVENTORIES RISE - REUTERS
Coal India Ltd will increase supplies to industries, the world’s largest coal miner said on Wednesday as fuel inventories at utilities run by ...
Thursday, 06 April 23
MARKET INSIGHT - INTERMODAL
LNG Current Supply/Demand Dynamics
This year, LNG supply will likely exceed demand, so prices will need to decline to levels that will encourag ...
Sunday, 26 March 23
EUROPE’S RUSH TO LNG COULD TURN INTO 'WORLD’S MOST EXPENSIVE AND UNNECESSARY INSURANCE POLICY'- CNBC
Europe’s rapid buildout of liquefied natural gas infrastructure is on track to far exceed demand by the end of the decade, according to new r ...
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- Karbindo Abesyapradhi - Indoneisa
- Chamber of Mines of South Africa
- Aboitiz Power Corporation - Philippines
- The University of Queensland
- Minerals Council of Australia
- Holcim Trading Pte Ltd - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Dalmia Cement Bharat India
- Siam City Cement PLC, Thailand
- TeaM Sual Corporation - Philippines
- Indian Oil Corporation Limited
- Goldman Sachs - Singapore
- Baramulti Group, Indonesia
- Romanian Commodities Exchange
- Sarangani Energy Corporation, Philippines
- Mjunction Services Limited - India
- Semirara Mining and Power Corporation, Philippines
- Deloitte Consulting - India
- OPG Power Generation Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- Kideco Jaya Agung - Indonesia
- GVK Power & Infra Limited - India
- South Luzon Thermal Energy Corporation
- Sical Logistics Limited - India
- Salva Resources Pvt Ltd - India
- Georgia Ports Authority, United States
- Formosa Plastics Group - Taiwan
- Orica Australia Pty. Ltd.
- Energy Link Ltd, New Zealand
- Star Paper Mills Limited - India
- Coastal Gujarat Power Limited - India
- Thiess Contractors Indonesia
- Gujarat Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Metalloyd Limited - United Kingdom
- Australian Commodity Traders Exchange
- London Commodity Brokers - England
- Sindya Power Generating Company Private Ltd
- CIMB Investment Bank - Malaysia
- VISA Power Limited - India
- Vedanta Resources Plc - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rio Tinto Coal - Australia
- Kobexindo Tractors - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Coalindo Energy - Indonesia
- Bangladesh Power Developement Board
- SMC Global Power, Philippines
- European Bulk Services B.V. - Netherlands
- Africa Commodities Group - South Africa
- Bhushan Steel Limited - India
- McConnell Dowell - Australia
- Tata Chemicals Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
- PTC India Limited - India
- Kapuas Tunggal Persada - Indonesia
- Petron Corporation, Philippines
- Parry Sugars Refinery, India
- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
- Ambuja Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Price Waterhouse Coopers - Russia
- Madhucon Powers Ltd - India
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- Planning Commission, India
- Indonesian Coal Mining Association
- Attock Cement Pakistan Limited
- Anglo American - United Kingdom
- Makarim & Taira - Indonesia
- Riau Bara Harum - Indonesia
- Mintek Dendrill Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Altura Mining Limited, Indonesia
- Siam City Cement - Thailand
- Eastern Energy - Thailand
- Savvy Resources Ltd - HongKong
- Wilmar Investment Holdings
- Simpson Spence & Young - Indonesia
- San Jose City I Power Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Generating Authority of Thailand
- Bhatia International Limited - India
- Sree Jayajothi Cements Limited - India
- Essar Steel Hazira Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- The Treasury - Australian Government
- Interocean Group of Companies - India
- Kohat Cement Company Ltd. - Pakistan
- Eastern Coal Council - USA
- Globalindo Alam Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Economic Council, Georgia
- Carbofer General Trading SA - India
- Power Finance Corporation Ltd., India
- Wood Mackenzie - Singapore
- Bukit Makmur.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- White Energy Company Limited
- Tamil Nadu electricity Board
- Gujarat Sidhee Cement - India
- Port Waratah Coal Services - Australia
- Orica Mining Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Barasentosa Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Indogreen Group - Indonesia
- Cement Manufacturers Association - India
- Borneo Indobara - Indonesia
- India Bulls Power Limited - India
- Latin American Coal - Colombia
- Parliament of New Zealand
- Grasim Industreis Ltd - India
- Binh Thuan Hamico - Vietnam
- Therma Luzon, Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Renaissance Capital - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Indian Energy Exchange, India
- Karaikal Port Pvt Ltd - India
- Mercator Lines Limited - India
- Bukit Baiduri Energy - Indonesia
- Lanco Infratech Ltd - India
- Banpu Public Company Limited - Thailand
- New Zealand Coal & Carbon
- Central Electricity Authority - India
- Agrawal Coal Company - India
- SN Aboitiz Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- Bulk Trading Sa - Switzerland
- Ceylon Electricity Board - Sri Lanka
- Bayan Resources Tbk. - Indonesia
- Standard Chartered Bank - UAE
- Australian Coal Association
- Independent Power Producers Association of India
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Rashtriya Ispat Nigam Limited - India
- Meralco Power Generation, Philippines
- PNOC Exploration Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Xindia Steels Limited - India
- Merrill Lynch Commodities Europe
- Ministry of Transport, Egypt
- Global Coal Blending Company Limited - Australia
- Indo Tambangraya Megah - Indonesia
- Edison Trading Spa - Italy
- Central Java Power - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Indika Energy - Indonesia
- Thai Mozambique Logistica
- GMR Energy Limited - India
- IHS Mccloskey Coal Group - USA
- Ministry of Finance - Indonesia
- SMG Consultants - Indonesia
- Ind-Barath Power Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Meenaskhi Energy Private Limited - India
- Marubeni Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- MS Steel International - UAE
- Singapore Mercantile Exchange
- Vizag Seaport Private Limited - India
- LBH Netherlands Bv - Netherlands
- Videocon Industries ltd - India
- Samtan Co., Ltd - South Korea
- Uttam Galva Steels Limited - India
- Sakthi Sugars Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GN Power Mariveles Coal Plant, Philippines
- Oldendorff Carriers - Singapore
- Global Business Power Corporation, Philippines
- Electricity Authority, New Zealand
- Antam Resourcindo - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Straits Asia Resources Limited - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Heidelberg Cement - Germany
- Toyota Tsusho Corporation, Japan
- Intertek Mineral Services - Indonesia
- Ministry of Mines - Canada
- Kumho Petrochemical, South Korea
- Timah Investasi Mineral - Indoneisa
- Medco Energi Mining Internasional
- Aditya Birla Group - India
- Alfred C Toepfer International GmbH - Germany
- ICICI Bank Limited - India
- PetroVietnam Power Coal Import and Supply Company
- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- Global Green Power PLC Corporation, Philippines
- Bharathi Cement Corporation - India
- IEA Clean Coal Centre - UK
- PowerSource Philippines DevCo
- Semirara Mining Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ASAPP Information Group - India
- Commonwealth Bank - Australia
- Malabar Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Development Corp, Philippines
- Maheswari Brothers Coal Limited - India
- CNBM International Corporation - China
- AsiaOL BioFuels Corp., Philippines
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