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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, 14 February 18
SHIPPING MARKET INSIGHT - NASSOS SOULAKIS
The second month of the year is traditionally a particularly interesting one for the shipping industry as a whole and even more importantly for the ...
Monday, 12 February 18
PANAMAX: WITH LIMITED FRESH ENQUIRY IN ALL AREAS, SPOT MARKET RATES DRIFTED LOWER THROUGHOUT THE WEEK - BALTIC BRIEFING
Capesize
A switch to the Atlantic with rates firming as charterers seemed keen to fix and tonnage was tight, prompting a recovery in rates. Trans ...
Monday, 12 February 18
WORLDWIDE: 'DEMURRAGE CLAIMS' FOR THE PURPOSES OF DOCUMENTARY TIME BARS
KNOWLEDGE TO ELEVATE
On 2 February 2018 the Commercial Court allowed an appeal from a decision of the Arbitration Tribunal in Lukoil Asia Paci ...
Saturday, 10 February 18
COAL INDIA ON PATH OF SUSTAINABLE PRODUCTION GROWTH AND SUPPLY TO POWER AND NON POWER SECTOR - PIB
Supply of 371.8 MT of Coal to Power Sector and 103.1 MT Coal to Non-Power Sector Achieved in 2017-18 Till January,2018 Average Rake Loading To The ...
Saturday, 10 February 18
OIL PRICE USD 100/BARREL BY END OF 2018! - SAROJ MOHAPATRA
All demand supplies calculations are going wrong in oil market at present. US production is increasing at a good pace and set to topple Saudi comfo ...
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Showing 1806 to 1810 news of total 6871 |
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- Dalmia Cement Bharat India
- Planning Commission, India
- Electricity Authority, New Zealand
- Sical Logistics Limited - India
- Intertek Mineral Services - Indonesia
- Edison Trading Spa - Italy
- New Zealand Coal & Carbon
- PowerSource Philippines DevCo
- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
- Salva Resources Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Carbofer General Trading SA - India
- Bhoruka Overseas - Indonesia
- The State Trading Corporation of India Ltd
- Central Java Power - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- Timah Investasi Mineral - Indoneisa
- Oldendorff Carriers - Singapore
- Kapuas Tunggal Persada - Indonesia
- GVK Power & Infra Limited - India
- The Treasury - Australian Government
- Indogreen Group - Indonesia
- Barasentosa Lestari - Indonesia
- Australian Commodity Traders Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indika Energy - Indonesia
- Energy Development Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Aditya Birla Group - India
- Leighton Contractors Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Petron Corporation, Philippines
- Indonesian Coal Mining Association
- Formosa Plastics Group - Taiwan
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- Bhatia International Limited - India
- Posco Energy - South Korea
- Tamil Nadu electricity Board
- Indian Energy Exchange, India
- Ind-Barath Power Infra Limited - India
- Bulk Trading Sa - Switzerland
- Siam City Cement PLC, Thailand
- Altura Mining Limited, Indonesia
- CNBM International Corporation - China
- Mintek Dendrill Indonesia
- Chamber of Mines of South Africa
- ICICI Bank Limited - India
- Power Finance Corporation Ltd., India
- London Commodity Brokers - England
- Kohat Cement Company Ltd. - Pakistan
- International Coal Ventures Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Bangladesh Power Developement Board
- Marubeni Corporation - India
- IEA Clean Coal Centre - UK
- Georgia Ports Authority, United States
- India Bulls Power Limited - India
- Interocean Group of Companies - India
- Cement Manufacturers Association - India
- Billiton Holdings Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Goldman Sachs - Singapore
- Kumho Petrochemical, South Korea
- Bukit Makmur.PT - Indonesia
- Heidelberg Cement - Germany
- Wilmar Investment Holdings
- Agrawal Coal Company - India
- Vizag Seaport Private Limited - India
- Energy Link Ltd, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Standard Chartered Bank - UAE
- Eastern Energy - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Ministry of Finance - Indonesia
- Semirara Mining Corp, Philippines
- White Energy Company Limited
- Coastal Gujarat Power Limited - India
- Central Electricity Authority - India
- Samtan Co., Ltd - South Korea
- Thai Mozambique Logistica
- Semirara Mining and Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- ASAPP Information Group - India
- OPG Power Generation Pvt Ltd - India
- SMC Global Power, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Malabar Cements Ltd - India
- Electricity Generating Authority of Thailand
- Price Waterhouse Coopers - Russia
- Asmin Koalindo Tuhup - Indonesia
- SN Aboitiz Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Borneo Indobara - Indonesia
- Ministry of Mines - Canada
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coalindo Energy - Indonesia
- Riau Bara Harum - Indonesia
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
- Indian Oil Corporation Limited
- Miang Besar Coal Terminal - Indonesia
- PTC India Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Star Paper Mills Limited - India
- Tata Chemicals Ltd - India
- Mercator Lines Limited - India
- Latin American Coal - Colombia
- European Bulk Services B.V. - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Straits Asia Resources Limited - Singapore
- Independent Power Producers Association of India
- TNB Fuel Sdn Bhd - Malaysia
- Anglo American - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Neyveli Lignite Corporation Ltd, - India
- TeaM Sual Corporation - Philippines
- Global Business Power Corporation, Philippines
- MS Steel International - UAE
- Krishnapatnam Port Company Ltd. - India
- Parliament of New Zealand
- Directorate Of Revenue Intelligence - India
- Banpu Public Company Limited - Thailand
- VISA Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Simpson Spence & Young - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bharathi Cement Corporation - India
- Sakthi Sugars Limited - India
- GAC Shipping (India) Pvt Ltd
- Mjunction Services Limited - India
- Savvy Resources Ltd - HongKong
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- Iligan Light & Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Meralco Power Generation, Philippines
- Thiess Contractors Indonesia
- Ministry of Transport, Egypt
- Kaltim Prima Coal - Indonesia
- Ambuja Cements Ltd - India
- Mercuria Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kideco Jaya Agung - Indonesia
- Attock Cement Pakistan Limited
- Orica Australia Pty. Ltd.
- Aboitiz Power Corporation - Philippines
- Larsen & Toubro Limited - India
- Wood Mackenzie - Singapore
- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
- San Jose City I Power Corp, Philippines
- Romanian Commodities Exchange
- Globalindo Alam Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- GN Power Mariveles Coal Plant, Philippines
- Singapore Mercantile Exchange
- Minerals Council of Australia
- Commonwealth Bank - Australia
- Essar Steel Hazira Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Maheswari Brothers Coal Limited - India
- Orica Mining Services - Indonesia
- CIMB Investment Bank - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- McConnell Dowell - Australia
- Metalloyd Limited - United Kingdom
- Bhushan Steel Limited - India
- Coal and Oil Company - UAE
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- Grasim Industreis Ltd - India
- LBH Netherlands Bv - Netherlands
- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
- Parry Sugars Refinery, India
- Videocon Industries ltd - India
- GMR Energy Limited - India
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Merrill Lynch Commodities Europe
- Jindal Steel & Power Ltd - India
- Trasteel International SA, Italy
- Indo Tambangraya Megah - Indonesia
- PNOC Exploration Corporation - Philippines
- Vedanta Resources Plc - India
- Bayan Resources Tbk. - Indonesia
- Global Green Power PLC Corporation, Philippines
- The University of Queensland
- Medco Energi Mining Internasional
- Africa Commodities Group - South Africa
- Holcim Trading Pte Ltd - Singapore
- SMG Consultants - Indonesia
- Makarim & Taira - Indonesia
- Australian Coal Association
- AsiaOL BioFuels Corp., Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Xindia Steels Limited - India
- Antam Resourcindo - Indonesia
- Economic Council, Georgia
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