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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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Friday, 07 June 19
KOEN INVITED BIDS FOR 1.87 MILLION TONS OF COAL FOR JULY - OCTOBER 2019 DELIVERY
COALspot.com: South Korea’s KOREA SOUTH-EAST POWER CO., LTD. (KOEN) has issued an international tender for 1,700,000 to 1,870,000 Metric Tons ...
Wednesday, 05 June 19
SHIPPING MARKET INSIGHT - INTERMODAL
The first semester of 2019 started as a fairly positive semester for the offshore sector whilst there was a recovery on crude prices, as well as a ...
Tuesday, 04 June 19
MARPOL ANNEX VI - SULPHUR CAP 2020 - DEMYSTIFYING THE FONAR - SKULD
KNOWLEDGE TO ELEVATE
Fuel Oil Non-Availability Report (FONAR) is primarily a discretionary tool for a Member State to lessen the breach of MAR ...
Monday, 03 June 19
SUPRAMAX: A 61,000 TONNER OPEN NORTH CHINA, FIXING A TRIP VIA INDONESIA, REDELIVERY SOUTHEAST ASIA AT $7,500 - BALTIC BRIEFING
Capesize
The market continued its steady ascent over the past week to improved levels. The TC average opened the previous week at $12,243 and c ...
Wednesday, 29 May 19
SHIPPING MARKET INSIGHT - INTERMODAL
Reflecting on the first quarter of 2019, the product tanker market was healthy, with average earnings significantly up compared to the first quarte ...
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- Mercator Lines Limited - India
- Indo Tambangraya Megah - Indonesia
- Metalloyd Limited - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Xindia Steels Limited - India
- ICICI Bank Limited - India
- GMR Energy Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Australia Pty. Ltd.
- VISA Power Limited - India
- Port Waratah Coal Services - Australia
- Coastal Gujarat Power Limited - India
- Africa Commodities Group - South Africa
- Karaikal Port Pvt Ltd - India
- Trasteel International SA, Italy
- Sindya Power Generating Company Private Ltd
- Samtan Co., Ltd - South Korea
- Simpson Spence & Young - Indonesia
- MS Steel International - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Romanian Commodities Exchange
- Indian Energy Exchange, India
- Cement Manufacturers Association - India
- Standard Chartered Bank - UAE
- Karbindo Abesyapradhi - Indoneisa
- Interocean Group of Companies - India
- Bulk Trading Sa - Switzerland
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Mintek Dendrill Indonesia
- New Zealand Coal & Carbon
- Petron Corporation, Philippines
- Antam Resourcindo - Indonesia
- Jaiprakash Power Ventures ltd
- Ceylon Electricity Board - Sri Lanka
- Parry Sugars Refinery, India
- Directorate Of Revenue Intelligence - India
- Medco Energi Mining Internasional
- Binh Thuan Hamico - Vietnam
- Marubeni Corporation - India
- Indonesian Coal Mining Association
- Edison Trading Spa - Italy
- Kideco Jaya Agung - Indonesia
- Meralco Power Generation, Philippines
- Eastern Energy - Thailand
- Global Coal Blending Company Limited - Australia
- Coalindo Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Aditya Birla Group - India
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- CNBM International Corporation - China
- ASAPP Information Group - India
- Global Green Power PLC Corporation, Philippines
- Madhucon Powers Ltd - India
- Central Java Power - Indonesia
- Tata Chemicals Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Bhushan Steel Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Malabar Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Directorate General of MIneral and Coal - Indonesia
- Wood Mackenzie - Singapore
- Chettinad Cement Corporation Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Energy Development Corp, Philippines
- Global Business Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Manunggal Multi Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Singapore Mercantile Exchange
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Sidhee Cement - India
- LBH Netherlands Bv - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kapuas Tunggal Persada - Indonesia
- Leighton Contractors Pty Ltd - Australia
- SMG Consultants - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Deloitte Consulting - India
- Straits Asia Resources Limited - Singapore
- Mjunction Services Limited - India
- Sinarmas Energy and Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Ministry of Transport, Egypt
- Heidelberg Cement - Germany
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- Australian Coal Association
- IHS Mccloskey Coal Group - USA
- The State Trading Corporation of India Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kumho Petrochemical, South Korea
- India Bulls Power Limited - India
- Borneo Indobara - Indonesia
- South Luzon Thermal Energy Corporation
- Kobexindo Tractors - Indoneisa
- Videocon Industries ltd - India
- Bharathi Cement Corporation - India
- Mercuria Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Australian Commodity Traders Exchange
- McConnell Dowell - Australia
- PowerSource Philippines DevCo
- Indian Oil Corporation Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Merrill Lynch Commodities Europe
- Electricity Authority, New Zealand
- Jindal Steel & Power Ltd - India
- Banpu Public Company Limited - Thailand
- Power Finance Corporation Ltd., India
- Indogreen Group - Indonesia
- Independent Power Producers Association of India
- Larsen & Toubro Limited - India
- Anglo American - United Kingdom
- Ministry of Mines - Canada
- Agrawal Coal Company - India
- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Link Ltd, New Zealand
- Ministry of Finance - Indonesia
- Oldendorff Carriers - Singapore
- Coal and Oil Company - UAE
- Toyota Tsusho Corporation, Japan
- Bhatia International Limited - India
- Economic Council, Georgia
- Bukit Baiduri Energy - Indonesia
- Ambuja Cements Ltd - India
- Price Waterhouse Coopers - Russia
- Eastern Coal Council - USA
- Bukit Makmur.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement PLC, Thailand
- Sical Logistics Limited - India
- Goldman Sachs - Singapore
- Wilmar Investment Holdings
- Kaltim Prima Coal - Indonesia
- Intertek Mineral Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Alfred C Toepfer International GmbH - Germany
- Globalindo Alam Lestari - Indonesia
- Chamber of Mines of South Africa
- Renaissance Capital - South Africa
- Georgia Ports Authority, United States
- Rio Tinto Coal - Australia
- Central Electricity Authority - India
- Timah Investasi Mineral - Indoneisa
- Carbofer General Trading SA - India
- Dalmia Cement Bharat India
- Makarim & Taira - Indonesia
- Salva Resources Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Parliament of New Zealand
- Bayan Resources Tbk. - Indonesia
- Siam City Cement - Thailand
- Riau Bara Harum - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- SN Aboitiz Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- SMC Global Power, Philippines
- IEA Clean Coal Centre - UK
- The University of Queensland
- Sakthi Sugars Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- Petrochimia International Co. Ltd.- Taiwan
- Maheswari Brothers Coal Limited - India
- Kepco SPC Power Corporation, Philippines
- Baramulti Group, Indonesia
- Vizag Seaport Private Limited - India
- Vedanta Resources Plc - India
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- Therma Luzon, Inc, Philippines
- Thiess Contractors Indonesia
- The Treasury - Australian Government
- San Jose City I Power Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Uttam Galva Steels Limited - India
- Semirara Mining Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Generating Authority of Thailand
- Sarangani Energy Corporation, Philippines
- Posco Energy - South Korea
- London Commodity Brokers - England
- Minerals Council of Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sojitz Corporation - Japan
- Latin American Coal - Colombia
- Grasim Industreis Ltd - India
- Aboitiz Power Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- PNOC Exploration Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Thai Mozambique Logistica
- White Energy Company Limited
- Star Paper Mills Limited - India
- European Bulk Services B.V. - Netherlands
- PTC India Limited - India
- GVK Power & Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Planning Commission, India
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