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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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Sunday, 22 December 19
NMDC DIVERSIFIES INTO COAL MINING - THE HINDU
Iron ore mining major NMDC has been allocated two coal blocks in Jharkhand for commercial mining by the Union Ministry of Coal.
Both ...
Sunday, 22 December 19
TRADING PLACES FOR 2020 - BALTIC EXCHANGE
In the sea of 2020 predictions, Saxo Bank’s Outrageous Predictions sail their own very unique course. For nearly 20 years the Danish investme ...
Saturday, 21 December 19
SUPRAMAX: A 63,000 DWT VESSEL, OPEN CIGADING, FIXED A TRIP VIA INDONESIA, REDELIVERY WEST COAST INDIA, AT $8,500 - BALTIC BRIEFING
Capesize
The Capesize market this past week has been attempting to recalibrate itself in consideration of weakening freight levels and increasi ...
Saturday, 21 December 19
SHIPPING'S SUPPLY AND DEMAND TRENDING OFF BALANCE - BIMCO
One of the most worrying trends that has developed recently – which will affect shipping demand in the years to come – is the falling t ...
Friday, 20 December 19
CHINA'S BENCHMARK POWER COAL PRICE REMAINS FLAT - XINHUA
China’s benchmark power coal price remained flat during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
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- Semirara Mining Corp, Philippines
- Carbofer General Trading SA - India
- Bulk Trading Sa - Switzerland
- The Treasury - Australian Government
- Bukit Baiduri Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Chamber of Mines of South Africa
- Energy Development Corp, Philippines
- Ambuja Cements Ltd - India
- The State Trading Corporation of India Ltd
- Borneo Indobara - Indonesia
- Sojitz Corporation - Japan
- Baramulti Group, Indonesia
- GMR Energy Limited - India
- Essar Steel Hazira Ltd - India
- Malabar Cements Ltd - India
- Indonesian Coal Mining Association
- White Energy Company Limited
- Kobexindo Tractors - Indoneisa
- Altura Mining Limited, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- South Luzon Thermal Energy Corporation
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tata Chemicals Ltd - India
- Bharathi Cement Corporation - India
- Romanian Commodities Exchange
- Larsen & Toubro Limited - India
- Rio Tinto Coal - Australia
- Sinarmas Energy and Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Global Green Power PLC Corporation, Philippines
- Thai Mozambique Logistica
- GVK Power & Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Ceylon Electricity Board - Sri Lanka
- GN Power Mariveles Coal Plant, Philippines
- Samtan Co., Ltd - South Korea
- Independent Power Producers Association of India
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- Eastern Energy - Thailand
- Videocon Industries ltd - India
- Planning Commission, India
- Bahari Cakrawala Sebuku - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Marubeni Corporation - India
- Uttam Galva Steels Limited - India
- Central Electricity Authority - India
- Kartika Selabumi Mining - Indonesia
- Heidelberg Cement - Germany
- Medco Energi Mining Internasional
- CNBM International Corporation - China
- Mintek Dendrill Indonesia
- Riau Bara Harum - Indonesia
- Ministry of Finance - Indonesia
- Salva Resources Pvt Ltd - India
- Goldman Sachs - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Interocean Group of Companies - India
- PowerSource Philippines DevCo
- Formosa Plastics Group - Taiwan
- Bangladesh Power Developement Board
- PNOC Exploration Corporation - Philippines
- Economic Council, Georgia
- Oldendorff Carriers - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Coalindo Energy - Indonesia
- Orica Mining Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Siam City Cement - Thailand
- Energy Link Ltd, New Zealand
- Ministry of Mines - Canada
- Trasteel International SA, Italy
- Coastal Gujarat Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Electricity Generating Authority of Thailand
- Sical Logistics Limited - India
- Straits Asia Resources Limited - Singapore
- Edison Trading Spa - Italy
- GAC Shipping (India) Pvt Ltd
- LBH Netherlands Bv - Netherlands
- Vedanta Resources Plc - India
- Xindia Steels Limited - India
- Australian Coal Association
- Indo Tambangraya Megah - Indonesia
- Cement Manufacturers Association - India
- Cigading International Bulk Terminal - Indonesia
- Indian Energy Exchange, India
- Sree Jayajothi Cements Limited - India
- Savvy Resources Ltd - HongKong
- Mercuria Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Alfred C Toepfer International GmbH - Germany
- Meenaskhi Energy Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Latin American Coal - Colombia
- Lanco Infratech Ltd - India
- Indian Oil Corporation Limited
- London Commodity Brokers - England
- Georgia Ports Authority, United States
- Globalindo Alam Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Karaikal Port Pvt Ltd - India
- Anglo American - United Kingdom
- Intertek Mineral Services - Indonesia
- SMC Global Power, Philippines
- Aditya Birla Group - India
- Antam Resourcindo - Indonesia
- Jindal Steel & Power Ltd - India
- Metalloyd Limited - United Kingdom
- Indika Energy - Indonesia
- San Jose City I Power Corp, Philippines
- McConnell Dowell - Australia
- Barasentosa Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Tamil Nadu electricity Board
- Siam City Cement PLC, Thailand
- Price Waterhouse Coopers - Russia
- Attock Cement Pakistan Limited
- Leighton Contractors Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Standard Chartered Bank - UAE
- European Bulk Services B.V. - Netherlands
- Makarim & Taira - Indonesia
- Indogreen Group - Indonesia
- Australian Commodity Traders Exchange
- Eastern Coal Council - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate Of Revenue Intelligence - India
- Binh Thuan Hamico - Vietnam
- Star Paper Mills Limited - India
- Minerals Council of Australia
- Chettinad Cement Corporation Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Commonwealth Bank - Australia
- ICICI Bank Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhushan Steel Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Dalmia Cement Bharat India
- Neyveli Lignite Corporation Ltd, - India
- Bhatia International Limited - India
- Jaiprakash Power Ventures ltd
- Posco Energy - South Korea
- Bukit Makmur.PT - Indonesia
- Singapore Mercantile Exchange
- Holcim Trading Pte Ltd - Singapore
- Mjunction Services Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Semirara Mining and Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Grasim Industreis Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- SN Aboitiz Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Timah Investasi Mineral - Indoneisa
- Electricity Authority, New Zealand
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- ASAPP Information Group - India
- Thiess Contractors Indonesia
- New Zealand Coal & Carbon
- Parliament of New Zealand
- Simpson Spence & Young - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- TeaM Sual Corporation - Philippines
- Deloitte Consulting - India
- Central Java Power - Indonesia
- Gujarat Sidhee Cement - India
- Ind-Barath Power Infra Limited - India
- Vizag Seaport Private Limited - India
- Mercator Lines Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Petron Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Global Business Power Corporation, Philippines
- India Bulls Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Africa Commodities Group - South Africa
- Orica Australia Pty. Ltd.
- SMG Consultants - Indonesia
- Port Waratah Coal Services - Australia
- Sakthi Sugars Limited - India
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Wilmar Investment Holdings
- Billiton Holdings Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- The University of Queensland
- Toyota Tsusho Corporation, Japan
- Bhoruka Overseas - Indonesia
- Agrawal Coal Company - India
- PTC India Limited - India
- Kaltim Prima Coal - Indonesia
- IEA Clean Coal Centre - UK
- Meralco Power Generation, Philippines
- Sarangani Energy Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Wood Mackenzie - Singapore
- Parry Sugars Refinery, India
- Coal and Oil Company - UAE
- Krishnapatnam Port Company Ltd. - India
- Ministry of Transport, Egypt
- Iligan Light & Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Therma Luzon, Inc, Philippines
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