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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, 16 September 19
COLOMBIAN COAL PRODUCTION TO FALL 5% THIS YEAR, MINING GROUP SAYS - REUTERS
Colombia’s coal production will decline to around 80 million tonnes in 2019, nearly 5% below last year’s, because of low prices and dro ...
Monday, 16 September 19
THE COAL-D SHOULDER? - BALTIC EXCHANGE
Good fortune and the number 13 don’t usually go hand in hand, but when it comes to coal, 2013 actually seems to have been the commodity&rsquo ...
Monday, 16 September 19
SCRUBBERS AND FUEL PROFIT SHARE CLAUSES - CLYDE&CO
From 1 January 2020, Regulation 14 of MARPOL Annex VI provides that the sulphur content in fuel oil used on board ships shall be reduced from a max ...
Monday, 16 September 19
KOREA SOUTH-EAST POWER INVITES BIDS FOR MAX 1,290,000 METRIC TONS OF STEAMING COAL
COALspot.com: South Korea’s Korea East-West Power Co. Ltd has issued an international tender for total 1,290,000 Metric Tons steam coal.
...
Sunday, 15 September 19
SUPRAMAX / ULTRAMAX: MORE STEMS WERE NOTICED GOING TO VIETNAM FROM INDONESIA - BALTIC BRIEFING
Capesize
Overall it was a negative week for the Capesize market, with many routes losing ground. A limited amount of time charter appeare ...
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- Manunggal Multi Energi - Indonesia
- Kumho Petrochemical, South Korea
- The University of Queensland
- Bulk Trading Sa - Switzerland
- Borneo Indobara - Indonesia
- Cement Manufacturers Association - India
- Kideco Jaya Agung - Indonesia
- Chettinad Cement Corporation Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Tamil Nadu electricity Board
- Merrill Lynch Commodities Europe
- Indian Oil Corporation Limited
- Neyveli Lignite Corporation Ltd, - India
- Goldman Sachs - Singapore
- London Commodity Brokers - England
- Petron Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Siam City Cement - Thailand
- Heidelberg Cement - Germany
- Romanian Commodities Exchange
- Standard Chartered Bank - UAE
- Ind-Barath Power Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Minerals Council of Australia
- Indian Energy Exchange, India
- Marubeni Corporation - India
- New Zealand Coal & Carbon
- Rashtriya Ispat Nigam Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Interocean Group of Companies - India
- SMG Consultants - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Meralco Power Generation, Philippines
- Bangladesh Power Developement Board
- Sakthi Sugars Limited - India
- Singapore Mercantile Exchange
- Coastal Gujarat Power Limited - India
- Planning Commission, India
- Dalmia Cement Bharat India
- Latin American Coal - Colombia
- Eastern Coal Council - USA
- Binh Thuan Hamico - Vietnam
- Carbofer General Trading SA - India
- Ministry of Finance - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Edison Trading Spa - Italy
- India Bulls Power Limited - India
- Toyota Tsusho Corporation, Japan
- LBH Netherlands Bv - Netherlands
- PNOC Exploration Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Xindia Steels Limited - India
- Lanco Infratech Ltd - India
- GAC Shipping (India) Pvt Ltd
- Kaltim Prima Coal - Indonesia
- Energy Development Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Thiess Contractors Indonesia
- Medco Energi Mining Internasional
- Tata Chemicals Ltd - India
- Power Finance Corporation Ltd., India
- Port Waratah Coal Services - Australia
- Parry Sugars Refinery, India
- Sojitz Corporation - Japan
- Kalimantan Lumbung Energi - Indonesia
- Formosa Plastics Group - Taiwan
- GMR Energy Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Samtan Co., Ltd - South Korea
- Gujarat Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Madhucon Powers Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Bhatia International Limited - India
- Siam City Cement PLC, Thailand
- McConnell Dowell - Australia
- PTC India Limited - India
- Directorate Of Revenue Intelligence - India
- Orica Australia Pty. Ltd.
- ICICI Bank Limited - India
- Georgia Ports Authority, United States
- Mjunction Services Limited - India
- Indo Tambangraya Megah - Indonesia
- Vizag Seaport Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Sarangani Energy Corporation, Philippines
- Attock Cement Pakistan Limited
- Jindal Steel & Power Ltd - India
- Trasteel International SA, Italy
- Ambuja Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Salva Resources Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bhushan Steel Limited - India
- Mercator Lines Limited - India
- Antam Resourcindo - Indonesia
- IEA Clean Coal Centre - UK
- Kapuas Tunggal Persada - Indonesia
- Mercuria Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Oldendorff Carriers - Singapore
- Semirara Mining and Power Corporation, Philippines
- Commonwealth Bank - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Electricity Authority - India
- The State Trading Corporation of India Ltd
- Baramulti Group, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Australian Commodity Traders Exchange
- Asmin Koalindo Tuhup - Indonesia
- Vedanta Resources Plc - India
- Directorate General of MIneral and Coal - Indonesia
- SMC Global Power, Philippines
- South Luzon Thermal Energy Corporation
- Karaikal Port Pvt Ltd - India
- Aditya Birla Group - India
- GVK Power & Infra Limited - India
- Star Paper Mills Limited - India
- Indonesian Coal Mining Association
- Orica Mining Services - Indonesia
- Thai Mozambique Logistica
- AsiaOL BioFuels Corp., Philippines
- Indika Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Agrawal Coal Company - India
- Jorong Barutama Greston.PT - Indonesia
- Malabar Cements Ltd - India
- Gujarat Sidhee Cement - India
- Uttam Galva Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Straits Asia Resources Limited - Singapore
- Maheswari Brothers Coal Limited - India
- ASAPP Information Group - India
- MS Steel International - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wilmar Investment Holdings
- Alfred C Toepfer International GmbH - Germany
- Central Java Power - Indonesia
- Jaiprakash Power Ventures ltd
- CIMB Investment Bank - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
- Independent Power Producers Association of India
- Ministry of Transport, Egypt
- Riau Bara Harum - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Makarim & Taira - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining Corp, Philippines
- Savvy Resources Ltd - HongKong
- Coal and Oil Company - UAE
- Kepco SPC Power Corporation, Philippines
- Eastern Energy - Thailand
- Leighton Contractors Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Global Business Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indogreen Group - Indonesia
- Sindya Power Generating Company Private Ltd
- IHS Mccloskey Coal Group - USA
- Coalindo Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Larsen & Toubro Limited - India
- Electricity Authority, New Zealand
- Australian Coal Association
- Gujarat Mineral Development Corp Ltd - India
- Therma Luzon, Inc, Philippines
- Grasim Industreis Ltd - India
- Meenaskhi Energy Private Limited - India
- VISA Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Posco Energy - South Korea
- Price Waterhouse Coopers - Russia
- Miang Besar Coal Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- PowerSource Philippines DevCo
- Krishnapatnam Port Company Ltd. - India
- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- European Bulk Services B.V. - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Bharathi Cement Corporation - India
- Videocon Industries ltd - India
- Sical Logistics Limited - India
- Anglo American - United Kingdom
- Chamber of Mines of South Africa
- CNBM International Corporation - China
- Electricity Generating Authority of Thailand
- Sree Jayajothi Cements Limited - India
- White Energy Company Limited
- Iligan Light & Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Rio Tinto Coal - Australia
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- Ministry of Mines - Canada
- Metalloyd Limited - United Kingdom
- Mintek Dendrill Indonesia
- Cigading International Bulk Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Wood Mackenzie - Singapore
- Parliament of New Zealand
- Economic Council, Georgia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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