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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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Thursday, 02 August 18
INDO / CHINA COAL RV'S IS PAYING AROUND USD 11,000 TO SUPRAS BSS DELIVERY SINGAPORE - FEARNLEYS
Capesize
The counter seasonally strong market during the summer months bodes well for the remainder of the year.
According ...
Wednesday, 01 August 18
JOKOWI CANCELS PLAN TO REVOKE COAL DMO - JP
President Joko "Jokowi" Widodo on Tuesday has canceled the government’s plan to revoke the domestic market obligation (DMO) for coa ...
Wednesday, 01 August 18
SHIPPING MARKET INSIGHT - GIANNIS ANDRITSOPOULOS
The dry bulk market activity over the past four weeks has remained stable when compared to the previous months. There are concerns with regards to ...
Tuesday, 31 July 18
INDONESIA UNLIKELY TO CHANGE COAL SUPPLY, PRICING RULES UNTIL 2019 - REUTERS
Indonesia is unlikely to change its rules on domestic coal supply and pricing until 2019, Coordinating Maritime Minister Luhut Pandjaitan said on M ...
Tuesday, 31 July 18
ENERGY MINISTRY REMAINS FIRM ON DMO POLICY FOR COAL - JP
The Energy and Mineral Resources Ministry has stressed that it will not cancel its policy on the domestic market obligation (DMO) for coal, as the ...
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- Vizag Seaport Private Limited - India
- Essar Steel Hazira Ltd - India
- Altura Mining Limited, Indonesia
- Toyota Tsusho Corporation, Japan
- Ceylon Electricity Board - Sri Lanka
- Maharashtra Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- AsiaOL BioFuels Corp., Philippines
- Indika Energy - Indonesia
- White Energy Company Limited
- Sree Jayajothi Cements Limited - India
- Cement Manufacturers Association - India
- Makarim & Taira - Indonesia
- The State Trading Corporation of India Ltd
- Edison Trading Spa - Italy
- Therma Luzon, Inc, Philippines
- Attock Cement Pakistan Limited
- LBH Netherlands Bv - Netherlands
- IHS Mccloskey Coal Group - USA
- Straits Asia Resources Limited - Singapore
- Kartika Selabumi Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Sojitz Corporation - Japan
- Ambuja Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Dalmia Cement Bharat India
- Aditya Birla Group - India
- Kideco Jaya Agung - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kaltim Prima Coal - Indonesia
- Minerals Council of Australia
- Bangladesh Power Developement Board
- Sakthi Sugars Limited - India
- Meenaskhi Energy Private Limited - India
- Jindal Steel & Power Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Australian Coal Association
- Karaikal Port Pvt Ltd - India
- Renaissance Capital - South Africa
- Goldman Sachs - Singapore
- Tamil Nadu electricity Board
- SMG Consultants - Indonesia
- Videocon Industries ltd - India
- Merrill Lynch Commodities Europe
- Thiess Contractors Indonesia
- Orica Mining Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Gujarat Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Energy Development Corp, Philippines
- Romanian Commodities Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vedanta Resources Plc - India
- Independent Power Producers Association of India
- Grasim Industreis Ltd - India
- Samtan Co., Ltd - South Korea
- Interocean Group of Companies - India
- ICICI Bank Limited - India
- Bulk Trading Sa - Switzerland
- Barasentosa Lestari - Indonesia
- Deloitte Consulting - India
- Bhushan Steel Limited - India
- Iligan Light & Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Mercuria Energy - Indonesia
- MS Steel International - UAE
- Australian Commodity Traders Exchange
- Globalindo Alam Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Posco Energy - South Korea
- Indonesian Coal Mining Association
- Indian Oil Corporation Limited
- Karbindo Abesyapradhi - Indoneisa
- Anglo American - United Kingdom
- VISA Power Limited - India
- Uttam Galva Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Eastern Coal Council - USA
- South Luzon Thermal Energy Corporation
- The University of Queensland
- Planning Commission, India
- Economic Council, Georgia
- Holcim Trading Pte Ltd - Singapore
- Kobexindo Tractors - Indoneisa
- Wilmar Investment Holdings
- PTC India Limited - India
- Siam City Cement PLC, Thailand
- Baramulti Group, Indonesia
- Eastern Energy - Thailand
- Lanco Infratech Ltd - India
- Trasteel International SA, Italy
- London Commodity Brokers - England
- Africa Commodities Group - South Africa
- Ministry of Mines - Canada
- Price Waterhouse Coopers - Russia
- Marubeni Corporation - India
- Aboitiz Power Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Parliament of New Zealand
- Electricity Authority, New Zealand
- Malabar Cements Ltd - India
- Medco Energi Mining Internasional
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhatia International Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kapuas Tunggal Persada - Indonesia
- Oldendorff Carriers - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Antam Resourcindo - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Coalindo Energy - Indonesia
- Meralco Power Generation, Philippines
- McConnell Dowell - Australia
- Mjunction Services Limited - India
- Bhoruka Overseas - Indonesia
- Binh Thuan Hamico - Vietnam
- Wood Mackenzie - Singapore
- Maheswari Brothers Coal Limited - India
- Chamber of Mines of South Africa
- Neyveli Lignite Corporation Ltd, - India
- Coal and Oil Company - UAE
- Central Java Power - Indonesia
- Commonwealth Bank - Australia
- Latin American Coal - Colombia
- CIMB Investment Bank - Malaysia
- Mintek Dendrill Indonesia
- Sinarmas Energy and Mining - Indonesia
- Banpu Public Company Limited - Thailand
- SN Aboitiz Power Inc, Philippines
- Indogreen Group - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Directorate Of Revenue Intelligence - India
- Electricity Generating Authority of Thailand
- Indian Energy Exchange, India
- TeaM Sual Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Parry Sugars Refinery, India
- Metalloyd Limited - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- Georgia Ports Authority, United States
- Leighton Contractors Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Petron Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Mercator Lines Limited - India
- Kohat Cement Company Ltd. - Pakistan
- GAC Shipping (India) Pvt Ltd
- GMR Energy Limited - India
- Kepco SPC Power Corporation, Philippines
- Singapore Mercantile Exchange
- Central Electricity Authority - India
- GVK Power & Infra Limited - India
- Xindia Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Sidhee Cement - India
- Orica Australia Pty. Ltd.
- ASAPP Information Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Transport, Egypt
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement - Thailand
- Rio Tinto Coal - Australia
- Billiton Holdings Pty Ltd - Australia
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- Madhucon Powers Ltd - India
- Standard Chartered Bank - UAE
- Formosa Plastics Group - Taiwan
- Semirara Mining Corp, Philippines
- Global Business Power Corporation, Philippines
- CNBM International Corporation - China
- Heidelberg Cement - Germany
- Larsen & Toubro Limited - India
- Riau Bara Harum - Indonesia
- Borneo Indobara - Indonesia
- Agrawal Coal Company - India
- Sical Logistics Limited - India
- Energy Link Ltd, New Zealand
- Timah Investasi Mineral - Indoneisa
- The Treasury - Australian Government
- European Bulk Services B.V. - Netherlands
- Star Paper Mills Limited - India
- Tata Chemicals Ltd - India
- PowerSource Philippines DevCo
- IEA Clean Coal Centre - UK
- Intertek Mineral Services - Indonesia
- Thai Mozambique Logistica
- Port Waratah Coal Services - Australia
- Semirara Mining and Power Corporation, Philippines
- India Bulls Power Limited - India
- Ministry of Finance - Indonesia
- SMC Global Power, Philippines
- Simpson Spence & Young - Indonesia
- Salva Resources Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Coastal Gujarat Power Limited - India
- Carbofer General Trading SA - India
- Bharathi Cement Corporation - India
- Global Coal Blending Company Limited - Australia
- San Jose City I Power Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
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