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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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Tuesday, 24 July 18
TANKER MARKET : IN TERMS OF TRADE, THE STEPS THAT WERE SLOWLY BEING TAKEN BY OPEC AND RUSSIA - GEORGE LAZARIDIS
Despite the fact that the tanker market still seems to be in the midst of a perfect storm, there are still strong indicators that better sailing da ...
Thursday, 19 July 18
VINACOMIN PRODUCES OVER 20 MLN TONNES OF RAW COAL FROM YEAR'S START - VNA
The Vietnam National Coal and Mineral Industries Group (Vinacomin) has produced over 20 million tonnes of raw coal and 19.3 million of clean coal f ...
Wednesday, 18 July 18
INDONESIA TO AUCTION 16 MINING SITES - JP
Indonesia will soon auction 16 mining sites as no proposal submissions have been submitted by state-owned enterprises (BUMN) and regional administr ...
Wednesday, 18 July 18
SHIPPING MARKET INSIGHT - VASILIS MOIRIS
The new regulations for Chinese flag restricting import of Tier I ships have dominated market sentiment during the past days as buyers have been tr ...
Thursday, 12 July 18
SUPRAMAX: INDO/CHINA COAL RV IS BEING FIXED AROUND USD 10500 BSS SINGAPORE - FEARNLEYS
Capesize
Cape market continue to be extremely volatile says Fearnleys in its latst weekly report.
The further noted that, last week ended wi ...
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- Kumho Petrochemical, South Korea
- Gujarat Mineral Development Corp Ltd - India
- Edison Trading Spa - Italy
- Vijayanagar Sugar Pvt Ltd - India
- Vedanta Resources Plc - India
- Carbofer General Trading SA - India
- CNBM International Corporation - China
- Bank of Tokyo Mitsubishi UFJ Ltd
- Borneo Indobara - Indonesia
- Orica Mining Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Goldman Sachs - Singapore
- Kideco Jaya Agung - Indonesia
- India Bulls Power Limited - India
- Energy Development Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Indonesian Coal Mining Association
- Aditya Birla Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- McConnell Dowell - Australia
- Latin American Coal - Colombia
- Ministry of Transport, Egypt
- Sakthi Sugars Limited - India
- Sinarmas Energy and Mining - Indonesia
- GMR Energy Limited - India
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Makarim & Taira - Indonesia
- Merrill Lynch Commodities Europe
- South Luzon Thermal Energy Corporation
- Wood Mackenzie - Singapore
- Tamil Nadu electricity Board
- Global Coal Blending Company Limited - Australia
- Bhushan Steel Limited - India
- SMC Global Power, Philippines
- Vizag Seaport Private Limited - India
- Australian Commodity Traders Exchange
- Posco Energy - South Korea
- TeaM Sual Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Rio Tinto Coal - Australia
- Oldendorff Carriers - Singapore
- Miang Besar Coal Terminal - Indonesia
- Wilmar Investment Holdings
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Georgia Ports Authority, United States
- Deloitte Consulting - India
- Asmin Koalindo Tuhup - Indonesia
- Ambuja Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Eastern Coal Council - USA
- Ministry of Mines - Canada
- Tata Chemicals Ltd - India
- London Commodity Brokers - England
- Directorate General of MIneral and Coal - Indonesia
- Singapore Mercantile Exchange
- Central Java Power - Indonesia
- Antam Resourcindo - Indonesia
- LBH Netherlands Bv - Netherlands
- Barasentosa Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Central Electricity Authority - India
- Ind-Barath Power Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sical Logistics Limited - India
- Kaltim Prima Coal - Indonesia
- Indian Oil Corporation Limited
- Medco Energi Mining Internasional
- Sarangani Energy Corporation, Philippines
- Orica Australia Pty. Ltd.
- Coalindo Energy - Indonesia
- Altura Mining Limited, Indonesia
- Semirara Mining Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Price Waterhouse Coopers - Russia
- Indo Tambangraya Megah - Indonesia
- Siam City Cement - Thailand
- Attock Cement Pakistan Limited
- Uttam Galva Steels Limited - India
- Intertek Mineral Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement PLC, Thailand
- Grasim Industreis Ltd - India
- Heidelberg Cement - Germany
- Iligan Light & Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Finance - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- PetroVietnam Power Coal Import and Supply Company
- Xindia Steels Limited - India
- PowerSource Philippines DevCo
- PNOC Exploration Corporation - Philippines
- The Treasury - Australian Government
- Globalindo Alam Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- GVK Power & Infra Limited - India
- Electricity Authority, New Zealand
- Indika Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Mintek Dendrill Indonesia
- Baramulti Group, Indonesia
- Trasteel International SA, Italy
- Aboitiz Power Corporation - Philippines
- Economic Council, Georgia
- Meenaskhi Energy Private Limited - India
- Chamber of Mines of South Africa
- Jindal Steel & Power Ltd - India
- IHS Mccloskey Coal Group - USA
- White Energy Company Limited
- The State Trading Corporation of India Ltd
- Parry Sugars Refinery, India
- Essar Steel Hazira Ltd - India
- Simpson Spence & Young - Indonesia
- Therma Luzon, Inc, Philippines
- VISA Power Limited - India
- Anglo American - United Kingdom
- ICICI Bank Limited - India
- Africa Commodities Group - South Africa
- European Bulk Services B.V. - Netherlands
- Renaissance Capital - South Africa
- IEA Clean Coal Centre - UK
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Leighton Contractors Pty Ltd - Australia
- Romanian Commodities Exchange
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Lanco Infratech Ltd - India
- ASAPP Information Group - India
- Thai Mozambique Logistica
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- Standard Chartered Bank - UAE
- Commonwealth Bank - Australia
- GN Power Mariveles Coal Plant, Philippines
- Ceylon Electricity Board - Sri Lanka
- Malabar Cements Ltd - India
- Gujarat Sidhee Cement - India
- Bangladesh Power Developement Board
- Bhoruka Overseas - Indonesia
- New Zealand Coal & Carbon
- SN Aboitiz Power Inc, Philippines
- MS Steel International - UAE
- Straits Asia Resources Limited - Singapore
- Meralco Power Generation, Philippines
- Bharathi Cement Corporation - India
- Global Business Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Australian Coal Association
- Metalloyd Limited - United Kingdom
- Maheswari Brothers Coal Limited - India
- Star Paper Mills Limited - India
- Port Waratah Coal Services - Australia
- Dalmia Cement Bharat India
- Billiton Holdings Pty Ltd - Australia
- Bhatia International Limited - India
- Sree Jayajothi Cements Limited - India
- Indian Energy Exchange, India
- Banpu Public Company Limited - Thailand
- Mercator Lines Limited - India
- Kalimantan Lumbung Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Cement Manufacturers Association - India
- Kartika Selabumi Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Krishnapatnam Port Company Ltd. - India
- Kohat Cement Company Ltd. - Pakistan
- Agrawal Coal Company - India
- Riau Bara Harum - Indonesia
- Madhucon Powers Ltd - India
- Jaiprakash Power Ventures ltd
- Karaikal Port Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Salva Resources Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Holcim Trading Pte Ltd - Singapore
- Independent Power Producers Association of India
- International Coal Ventures Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Minerals Council of Australia
- Interocean Group of Companies - India
- Bulk Trading Sa - Switzerland
- The University of Queensland
- Sojitz Corporation - Japan
- Samtan Co., Ltd - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coal and Oil Company - UAE
- Power Finance Corporation Ltd., India
- Mercuria Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Planning Commission, India
- GAC Shipping (India) Pvt Ltd
- Videocon Industries ltd - India
- SMG Consultants - Indonesia
- Coastal Gujarat Power Limited - India
- Sindya Power Generating Company Private Ltd
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Kepco SPC Power Corporation, Philippines
- Indogreen Group - Indonesia
- Eastern Energy - Thailand
- Mjunction Services Limited - India
- Electricity Generating Authority of Thailand
- Marubeni Corporation - India
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