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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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Monday, 14 October 19
WINTER OIL MARKET OUTLOOK - OPEC
Product markets in the last two months have benefitted from seasonal maintenance which have led to a tighter product market environment, providing ...
Sunday, 13 October 19
INDONESIA: PANAMAX VESSELS OPEN SOUTH CHINA WERE REPORTEDLY FIXED AT $14,000 LEVEL, WITH REDELIVERY BACK IN CHINA - BALTIC BRIEFING
Capesize
The Capesize market managed to find a floor and rally a little this week after several weeks of declines. While the West Australia to ...
Friday, 11 October 19
INDIAN MINERS REJECT PLAN TO LINK NATIONAL COAL INDEX TO FOREIGN PRICES - REUTERS
India’s miners are rejecting a government proposal to establish a national coal index that would be linked to international prices, documents ...
Friday, 11 October 19
THE OCTOBER BENCHMARK PRICE OF INDONESIAN THERMAL COAL DECLINES TO LOWEST SINCE OCTOBER 2016
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of Indonesian thermal ...
Friday, 11 October 19
KOREA SOUTH-EAST POWER TO IMPORT LCV COAL IN NOVEMBER
COALspot.com: South Korea’s Korea South-East Power Co., Ltd. (KOEN) has issued an international tender for 75,000 Metric Tons low calorific v ...
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- San Jose City I Power Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Binh Thuan Hamico - Vietnam
- Vizag Seaport Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Medco Energi Mining Internasional
- ASAPP Information Group - India
- Kepco SPC Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Mjunction Services Limited - India
- Ind-Barath Power Infra Limited - India
- Star Paper Mills Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Iligan Light & Power Inc, Philippines
- Baramulti Group, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Lanco Infratech Ltd - India
- Orica Mining Services - Indonesia
- Videocon Industries ltd - India
- Eastern Coal Council - USA
- Oldendorff Carriers - Singapore
- GAC Shipping (India) Pvt Ltd
- Energy Development Corp, Philippines
- Economic Council, Georgia
- Gujarat Mineral Development Corp Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Carbofer General Trading SA - India
- Ministry of Finance - Indonesia
- Sindya Power Generating Company Private Ltd
- Price Waterhouse Coopers - Russia
- Riau Bara Harum - Indonesia
- Minerals Council of Australia
- Bayan Resources Tbk. - Indonesia
- Ministry of Mines - Canada
- Tamil Nadu electricity Board
- Rio Tinto Coal - Australia
- Semirara Mining and Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Kapuas Tunggal Persada - Indonesia
- Meralco Power Generation, Philippines
- Central Java Power - Indonesia
- Mercator Lines Limited - India
- Marubeni Corporation - India
- Planning Commission, India
- Larsen & Toubro Limited - India
- Gujarat Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Metalloyd Limited - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- CNBM International Corporation - China
- Cement Manufacturers Association - India
- Directorate General of MIneral and Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Global Business Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- IHS Mccloskey Coal Group - USA
- Malabar Cements Ltd - India
- SMG Consultants - Indonesia
- Chettinad Cement Corporation Ltd - India
- Sojitz Corporation - Japan
- Wood Mackenzie - Singapore
- GVK Power & Infra Limited - India
- The State Trading Corporation of India Ltd
- Sarangani Energy Corporation, Philippines
- Power Finance Corporation Ltd., India
- PNOC Exploration Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Parliament of New Zealand
- Mintek Dendrill Indonesia
- Electricity Authority, New Zealand
- Petron Corporation, Philippines
- Antam Resourcindo - Indonesia
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Makmur.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Independent Power Producers Association of India
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement PLC, Thailand
- Petrochimia International Co. Ltd.- Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Posco Energy - South Korea
- Attock Cement Pakistan Limited
- Coalindo Energy - Indonesia
- Interocean Group of Companies - India
- Makarim & Taira - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Indian Energy Exchange, India
- Global Coal Blending Company Limited - Australia
- Sree Jayajothi Cements Limited - India
- Toyota Tsusho Corporation, Japan
- Ministry of Transport, Egypt
- Ambuja Cements Ltd - India
- Australian Commodity Traders Exchange
- The Treasury - Australian Government
- Bhushan Steel Limited - India
- Anglo American - United Kingdom
- Romanian Commodities Exchange
- Electricity Generating Authority of Thailand
- Borneo Indobara - Indonesia
- Savvy Resources Ltd - HongKong
- Bhatia International Limited - India
- Indogreen Group - Indonesia
- Samtan Co., Ltd - South Korea
- Indonesian Coal Mining Association
- IEA Clean Coal Centre - UK
- Renaissance Capital - South Africa
- The University of Queensland
- Uttam Galva Steels Limited - India
- White Energy Company Limited
- Holcim Trading Pte Ltd - Singapore
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Standard Chartered Bank - UAE
- Globalindo Alam Lestari - Indonesia
- India Bulls Power Limited - India
- Indika Energy - Indonesia
- Coal and Oil Company - UAE
- Siam City Cement - Thailand
- OPG Power Generation Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Port Waratah Coal Services - Australia
- MS Steel International - UAE
- Semirara Mining Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Directorate Of Revenue Intelligence - India
- Aboitiz Power Corporation - Philippines
- Merrill Lynch Commodities Europe
- Krishnapatnam Port Company Ltd. - India
- Karbindo Abesyapradhi - Indoneisa
- Kumho Petrochemical, South Korea
- Wilmar Investment Holdings
- Thai Mozambique Logistica
- Simpson Spence & Young - Indonesia
- VISA Power Limited - India
- Heidelberg Cement - Germany
- Essar Steel Hazira Ltd - India
- Deloitte Consulting - India
- Miang Besar Coal Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Sical Logistics Limited - India
- Orica Australia Pty. Ltd.
- Sinarmas Energy and Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Tata Chemicals Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Gujarat Sidhee Cement - India
- GMR Energy Limited - India
- Manunggal Multi Energi - Indonesia
- Xindia Steels Limited - India
- Dalmia Cement Bharat India
- Australian Coal Association
- Jindal Steel & Power Ltd - India
- Banpu Public Company Limited - Thailand
- LBH Netherlands Bv - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- ICICI Bank Limited - India
- Singapore Mercantile Exchange
- Kobexindo Tractors - Indoneisa
- Bhoruka Overseas - Indonesia
- Georgia Ports Authority, United States
- Kaltim Prima Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Electricity Authority - India
- SMC Global Power, Philippines
- Indo Tambangraya Megah - Indonesia
- Edison Trading Spa - Italy
- Aditya Birla Group - India
- Bangladesh Power Developement Board
- Madhucon Powers Ltd - India
- London Commodity Brokers - England
- Mercuria Energy - Indonesia
- PTC India Limited - India
- Thiess Contractors Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TeaM Sual Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- McConnell Dowell - Australia
- Sakthi Sugars Limited - India
- European Bulk Services B.V. - Netherlands
- Meenaskhi Energy Private Limited - India
- Latin American Coal - Colombia
- PowerSource Philippines DevCo
- Altura Mining Limited, Indonesia
- Trasteel International SA, Italy
- Bharathi Cement Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Therma Luzon, Inc, Philippines
- Indian Oil Corporation Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Vedanta Resources Plc - India
- Intertek Mineral Services - Indonesia
- Salva Resources Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Commonwealth Bank - Australia
- Grasim Industreis Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Kideco Jaya Agung - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
- Parry Sugars Refinery, India
- Chamber of Mines of South Africa
- Cigading International Bulk Terminal - Indonesia
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