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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, 07 November 17
DRY BULK SHIPPING: TAKE GOOD CARE OF THE RECOVERY SAYS PETER SAND
Demand:
Even without much support from Brazilian iron ore exports during August, capesize rates went from $10,000 to $17,000 per day. In Septembe ...
Tuesday, 07 November 17
COAL MARKETS WERE RELATIVELY BUOYANT - DANIEL HYNES
Coal markets were relatively buoyant. Metallurgical coal prices were supported by the stronger steel and iron ore prices, says Daniel Hynes, Senior ...
Tuesday, 07 November 17
PROSPERITY AND WINTER WARMTH REMAIN PARAMOUNT IN CHINA - JEFFREY LANDSBERG
Chinese officials announced recently that 580 gigawatts of coal-derived electricity generation capacity has completed ultra-low emissions reform as ...
Monday, 06 November 17
COAL SHORTAGE HURTS INDIA'S HINDALCO AND VEDANTA SAYS BUSINESS STANDARD
Aluminium smelter operations of Vedanta and Hindalco are at risk of turning unviable due to a coal crunch.
According to Business Standard an I ...
Monday, 06 November 17
MARINE BUNKER EXCHANGE EXPECTS BUNKER PRICES WILL CONTINUE UPWARD TREND NEXT WEEK
World fuel indexes rose during the week, supported by main oil producers’ statements about possible extension of oil production cut agreement ...
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Showing 1891 to 1895 news of total 6871 |
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- Bukit Baiduri Energy - Indonesia
- Trasteel International SA, Italy
- Kepco SPC Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Australian Coal Association
- Pendopo Energi Batubara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Posco Energy - South Korea
- PNOC Exploration Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Sojitz Corporation - Japan
- San Jose City I Power Corp, Philippines
- Coastal Gujarat Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- Madhucon Powers Ltd - India
- Gujarat Sidhee Cement - India
- Semirara Mining and Power Corporation, Philippines
- Georgia Ports Authority, United States
- Vedanta Resources Plc - India
- Bahari Cakrawala Sebuku - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kumho Petrochemical, South Korea
- Samtan Co., Ltd - South Korea
- Gujarat Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sree Jayajothi Cements Limited - India
- Planning Commission, India
- Mercator Lines Limited - India
- OPG Power Generation Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Pipit Mutiara Jaya. PT, Indonesia
- Singapore Mercantile Exchange
- Sarangani Energy Corporation, Philippines
- Borneo Indobara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Ministry of Transport, Egypt
- Chamber of Mines of South Africa
- Sakthi Sugars Limited - India
- ICICI Bank Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Coal Council - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Deloitte Consulting - India
- PowerSource Philippines DevCo
- Indonesian Coal Mining Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Heidelberg Cement - Germany
- Videocon Industries ltd - India
- SMG Consultants - Indonesia
- Mintek Dendrill Indonesia
- Independent Power Producers Association of India
- Port Waratah Coal Services - Australia
- Xindia Steels Limited - India
- Tata Chemicals Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Vizag Seaport Private Limited - India
- Energy Link Ltd, New Zealand
- Indian Energy Exchange, India
- Neyveli Lignite Corporation Ltd, - India
- Indogreen Group - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karbindo Abesyapradhi - Indoneisa
- Dalmia Cement Bharat India
- Miang Besar Coal Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Oldendorff Carriers - Singapore
- Minerals Council of Australia
- Jaiprakash Power Ventures ltd
- Alfred C Toepfer International GmbH - Germany
- Ind-Barath Power Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Lanco Infratech Ltd - India
- Wood Mackenzie - Singapore
- Sindya Power Generating Company Private Ltd
- Simpson Spence & Young - Indonesia
- IHS Mccloskey Coal Group - USA
- AsiaOL BioFuels Corp., Philippines
- London Commodity Brokers - England
- TeaM Sual Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Iligan Light & Power Inc, Philippines
- Indian Oil Corporation Limited
- Bhushan Steel Limited - India
- Economic Council, Georgia
- Intertek Mineral Services - Indonesia
- Bangladesh Power Developement Board
- Kaltim Prima Coal - Indonesia
- Grasim Industreis Ltd - India
- Uttam Galva Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- SMC Global Power, Philippines
- Romanian Commodities Exchange
- ASAPP Information Group - India
- Renaissance Capital - South Africa
- Commonwealth Bank - Australia
- Rio Tinto Coal - Australia
- Therma Luzon, Inc, Philippines
- Bhatia International Limited - India
- White Energy Company Limited
- Tamil Nadu electricity Board
- Chettinad Cement Corporation Ltd - India
- GMR Energy Limited - India
- Eastern Energy - Thailand
- Larsen & Toubro Limited - India
- Meenaskhi Energy Private Limited - India
- Salva Resources Pvt Ltd - India
- Interocean Group of Companies - India
- Marubeni Corporation - India
- Banpu Public Company Limited - Thailand
- Thiess Contractors Indonesia
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
- Essar Steel Hazira Ltd - India
- Baramulti Group, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bukit Makmur.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining Corp, Philippines
- India Bulls Power Limited - India
- Wilmar Investment Holdings
- Riau Bara Harum - Indonesia
- Directorate Of Revenue Intelligence - India
- Latin American Coal - Colombia
- Asmin Koalindo Tuhup - Indonesia
- Ambuja Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- Toyota Tsusho Corporation, Japan
- Global Green Power PLC Corporation, Philippines
- Meralco Power Generation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Jindal Steel & Power Ltd - India
- Siam City Cement PLC, Thailand
- Savvy Resources Ltd - HongKong
- Standard Chartered Bank - UAE
- Cigading International Bulk Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Indika Energy - Indonesia
- Thai Mozambique Logistica
- Edison Trading Spa - Italy
- Metalloyd Limited - United Kingdom
- Parliament of New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Australian Commodity Traders Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Ministry of Finance - Indonesia
- Bhoruka Overseas - Indonesia
- European Bulk Services B.V. - Netherlands
- Carbofer General Trading SA - India
- Coalindo Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Indo Tambangraya Megah - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- GVK Power & Infra Limited - India
- Central Electricity Authority - India
- Mercuria Energy - Indonesia
- Malabar Cements Ltd - India
- Goldman Sachs - Singapore
- VISA Power Limited - India
- Cement Manufacturers Association - India
- Kapuas Tunggal Persada - Indonesia
- Manunggal Multi Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bharathi Cement Corporation - India
- The Treasury - Australian Government
- Aditya Birla Group - India
- Bayan Resources Tbk. - Indonesia
- Sical Logistics Limited - India
- Orica Mining Services - Indonesia
- Central Java Power - Indonesia
- Formosa Plastics Group - Taiwan
- Global Business Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Binh Thuan Hamico - Vietnam
- CIMB Investment Bank - Malaysia
- Ministry of Mines - Canada
- Anglo American - United Kingdom
- Straits Asia Resources Limited - Singapore
- MS Steel International - UAE
- Orica Australia Pty. Ltd.
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement - Thailand
- IEA Clean Coal Centre - UK
- Parry Sugars Refinery, India
- McConnell Dowell - Australia
- Price Waterhouse Coopers - Russia
- PTC India Limited - India
- Electricity Authority, New Zealand
- Makarim & Taira - Indonesia
- Power Finance Corporation Ltd., India
- Energy Development Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Maheswari Brothers Coal Limited - India
- Star Paper Mills Limited - India
- New Zealand Coal & Carbon
- Bulk Trading Sa - Switzerland
- Maharashtra Electricity Regulatory Commission - India
- The University of Queensland
- Coal and Oil Company - UAE
- CNBM International Corporation - China
- South Luzon Thermal Energy Corporation
- Medco Energi Mining Internasional
- Agrawal Coal Company - India
- Petron Corporation, Philippines
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