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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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Wednesday, 10 July 19
KOREA SOUTH-EAST POWER INVITES BIDS FOR HCV AND LCV COAL FOR AUGUST 2019 LOADING
COALspot.com: South Korea’s Korea South-East Power Co., Ltd. (KOEN) has issued an international tender for total 460,000 to 500,000 Metric To ...
Wednesday, 10 July 19
SHIPPING MARKET INSIGHT - INTERMODAL
In contrast with the general expectations for the dry bulk market, the sector was not positive or even stable during the past 6 months. The warning ...
Monday, 08 July 19
INDONESIAN COAL PRICE REFERENCE POSTS BIGGEST MONTHLY LOSS SINCE JANUARY 2017
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down again the benchmark price of Indonesian th ...
Monday, 08 July 19
ULTRAMAX: A 52,000-TONNER OPEN CJK FIXED FOR A TRIP VIA INDONESIA WITH RE-DELIVERY CHINA AT $6,100 - BALTIC BRIEFING
Capesize
The Capesize market surged over the past week, reaching highs not seen since August last year. Widespread activity in both basins saw ...
Wednesday, 03 July 19
SHIPPING MARKET INSIGHT - INTERMODAL
The global shipping industry is facing numerous challenges at a time when geopolitical turmoil has escalated in view of the recent tension in the M ...
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- SN Aboitiz Power Inc, Philippines
- Indogreen Group - Indonesia
- Independent Power Producers Association of India
- Asmin Koalindo Tuhup - Indonesia
- Globalindo Alam Lestari - Indonesia
- Mercator Lines Limited - India
- South Luzon Thermal Energy Corporation
- IEA Clean Coal Centre - UK
- Billiton Holdings Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Manunggal Multi Energi - Indonesia
- Thiess Contractors Indonesia
- Orica Mining Services - Indonesia
- Port Waratah Coal Services - Australia
- Parry Sugars Refinery, India
- Merrill Lynch Commodities Europe
- Offshore Bulk Terminal Pte Ltd, Singapore
- VISA Power Limited - India
- CNBM International Corporation - China
- International Coal Ventures Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wilmar Investment Holdings
- Trasteel International SA, Italy
- Kumho Petrochemical, South Korea
- Kaltim Prima Coal - Indonesia
- Energy Link Ltd, New Zealand
- Rio Tinto Coal - Australia
- Coal and Oil Company - UAE
- Grasim Industreis Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Indika Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Africa Commodities Group - South Africa
- CIMB Investment Bank - Malaysia
- Central Java Power - Indonesia
- Ministry of Mines - Canada
- ICICI Bank Limited - India
- Electricity Generating Authority of Thailand
- Savvy Resources Ltd - HongKong
- The State Trading Corporation of India Ltd
- Samtan Co., Ltd - South Korea
- Romanian Commodities Exchange
- Marubeni Corporation - India
- Sical Logistics Limited - India
- Medco Energi Mining Internasional
- Leighton Contractors Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aboitiz Power Corporation - Philippines
- Global Business Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Barasentosa Lestari - Indonesia
- Tata Chemicals Ltd - India
- Eastern Energy - Thailand
- GVK Power & Infra Limited - India
- Central Electricity Authority - India
- Bangladesh Power Developement Board
- Economic Council, Georgia
- Meenaskhi Energy Private Limited - India
- Sojitz Corporation - Japan
- New Zealand Coal & Carbon
- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- Aditya Birla Group - India
- Latin American Coal - Colombia
- Gujarat Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- The University of Queensland
- Tamil Nadu electricity Board
- Ministry of Finance - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indonesian Coal Mining Association
- Larsen & Toubro Limited - India
- Ind-Barath Power Infra Limited - India
- Antam Resourcindo - Indonesia
- Altura Mining Limited, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Power Finance Corporation Ltd., India
- Kepco SPC Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Bharathi Cement Corporation - India
- IHS Mccloskey Coal Group - USA
- Jorong Barutama Greston.PT - Indonesia
- PTC India Limited - India
- Carbofer General Trading SA - India
- Sakthi Sugars Limited - India
- Siam City Cement PLC, Thailand
- Indo Tambangraya Megah - Indonesia
- Gujarat Sidhee Cement - India
- GMR Energy Limited - India
- Chettinad Cement Corporation Ltd - India
- Lanco Infratech Ltd - India
- LBH Netherlands Bv - Netherlands
- Jaiprakash Power Ventures ltd
- Holcim Trading Pte Ltd - Singapore
- Intertek Mineral Services - Indonesia
- Salva Resources Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Anglo American - United Kingdom
- Mintek Dendrill Indonesia
- Miang Besar Coal Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Minerals Council of Australia
- Deloitte Consulting - India
- Thai Mozambique Logistica
- SMC Global Power, Philippines
- SMG Consultants - Indonesia
- Interocean Group of Companies - India
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement - Thailand
- Karbindo Abesyapradhi - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Videocon Industries ltd - India
- Coalindo Energy - Indonesia
- ASAPP Information Group - India
- Edison Trading Spa - Italy
- Heidelberg Cement - Germany
- Petron Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- Electricity Authority, New Zealand
- McConnell Dowell - Australia
- Bukit Makmur.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Attock Cement Pakistan Limited
- Renaissance Capital - South Africa
- Georgia Ports Authority, United States
- Kobexindo Tractors - Indoneisa
- Posco Energy - South Korea
- India Bulls Power Limited - India
- TeaM Sual Corporation - Philippines
- Planning Commission, India
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- London Commodity Brokers - England
- Metalloyd Limited - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Star Paper Mills Limited - India
- Mercuria Energy - Indonesia
- Singapore Mercantile Exchange
- San Jose City I Power Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Semirara Mining Corp, Philippines
- Bhoruka Overseas - Indonesia
- Orica Australia Pty. Ltd.
- Sarangani Energy Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Vijayanagar Sugar Pvt Ltd - India
- Xindia Steels Limited - India
- Commonwealth Bank - Australia
- White Energy Company Limited
- Neyveli Lignite Corporation Ltd, - India
- Indian Energy Exchange, India
- Therma Luzon, Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Malabar Cements Ltd - India
- Price Waterhouse Coopers - Russia
- Makarim & Taira - Indonesia
- Global Green Power PLC Corporation, Philippines
- Baramulti Group, Indonesia
- Global Coal Blending Company Limited - Australia
- Wood Mackenzie - Singapore
- Sinarmas Energy and Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- The Treasury - Australian Government
- Gujarat Mineral Development Corp Ltd - India
- Pendopo Energi Batubara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Australian Coal Association
- MS Steel International - UAE
- Banpu Public Company Limited - Thailand
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- PowerSource Philippines DevCo
- Iligan Light & Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- GAC Shipping (India) Pvt Ltd
- Coastal Gujarat Power Limited - India
- Ministry of Transport, Egypt
- Bayan Resources Tbk. - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
- Indian Oil Corporation Limited
- Agrawal Coal Company - India
- OPG Power Generation Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Directorate Of Revenue Intelligence - India
- Energy Development Corp, Philippines
- Oldendorff Carriers - Singapore
- Mjunction Services Limited - India
- Kideco Jaya Agung - Indonesia
- Madhucon Powers Ltd - India
- PNOC Exploration Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Eastern Coal Council - USA
- Parliament of New Zealand
- Rashtriya Ispat Nigam Limited - India
- Standard Chartered Bank - UAE
- Uttam Galva Steels Limited - India
- Meralco Power Generation, Philippines
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Vizag Seaport Private Limited - India
- Borneo Indobara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Binh Thuan Hamico - Vietnam
- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
- Chamber of Mines of South Africa
- Karaikal Port Pvt Ltd - India
- Cement Manufacturers Association - India
- Bukit Asam (Persero) Tbk - Indonesia
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