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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, 15 March 17
SHIPPING MARKET INSIGHT - GEORGE PANAGOPOULOS
Over the past two weeks, the Dry Baltic Index has been on an upward trend, breaking the 1000 point mark and creating a positive sentiment for the u ...
Tuesday, 14 March 17
ORDERBOOK-TO-FEET RATIO DECREASING; THE FREIGHT MARKET IMPROVING
It seems as though the renewed optimism that has arisen from the recent upward trends being noted in the freight market, the dry bulk market has be ...
Monday, 13 March 17
PORT OF NEWCASTLE HAS SHIPPED 11.563 MILLION TONS COAL IN FEBRUARY 2017; DECLINED 12.19 PERCENT M/M
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export ports has shipped $AU 1,4 ...
Monday, 13 March 17
INDO - INDIA COAL FREIGHT RATES STAY FIRM
COALspot.com: The Freight market was continuing to firming up.
The Baltic Exchange, tracking rates for ships carrying dry bulk commodities ros ...
Friday, 10 March 17
ESTIMATED U.S. COAL PRODUCTION ALMOST FLAT WEEK ENDED MARCH 4, SAYS EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.7 million short ton ...
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- Heidelberg Cement - Germany
- Mjunction Services Limited - India
- Jindal Steel & Power Ltd - India
- Sindya Power Generating Company Private Ltd
- Bhatia International Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Makarim & Taira - Indonesia
- Baramulti Group, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bharathi Cement Corporation - India
- CIMB Investment Bank - Malaysia
- Antam Resourcindo - Indonesia
- Minerals Council of Australia
- Siam City Cement - Thailand
- Indonesian Coal Mining Association
- ICICI Bank Limited - India
- Rashtriya Ispat Nigam Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Finance - Indonesia
- Trasteel International SA, Italy
- Jaiprakash Power Ventures ltd
- VISA Power Limited - India
- Electricity Authority, New Zealand
- Deloitte Consulting - India
- Manunggal Multi Energi - Indonesia
- GMR Energy Limited - India
- Electricity Generating Authority of Thailand
- AsiaOL BioFuels Corp., Philippines
- IEA Clean Coal Centre - UK
- Mercuria Energy - Indonesia
- Semirara Mining Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Medco Energi Mining Internasional
- Merrill Lynch Commodities Europe
- Iligan Light & Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Sical Logistics Limited - India
- India Bulls Power Limited - India
- European Bulk Services B.V. - Netherlands
- Edison Trading Spa - Italy
- Planning Commission, India
- Agrawal Coal Company - India
- Rio Tinto Coal - Australia
- McConnell Dowell - Australia
- Bulk Trading Sa - Switzerland
- SMC Global Power, Philippines
- Gujarat Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- MS Steel International - UAE
- Thai Mozambique Logistica
- Carbofer General Trading SA - India
- Anglo American - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
- Vizag Seaport Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- Madhucon Powers Ltd - India
- Indika Energy - Indonesia
- Riau Bara Harum - Indonesia
- Port Waratah Coal Services - Australia
- Pendopo Energi Batubara - Indonesia
- Eastern Coal Council - USA
- New Zealand Coal & Carbon
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Metalloyd Limited - United Kingdom
- Energy Development Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Holcim Trading Pte Ltd - Singapore
- Parry Sugars Refinery, India
- Binh Thuan Hamico - Vietnam
- Bukit Makmur.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Parliament of New Zealand
- Global Business Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Ambuja Cements Ltd - India
- Australian Coal Association
- Global Green Power PLC Corporation, Philippines
- Videocon Industries ltd - India
- Formosa Plastics Group - Taiwan
- Romanian Commodities Exchange
- Kobexindo Tractors - Indoneisa
- Borneo Indobara - Indonesia
- Karaikal Port Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Economic Council, Georgia
- Goldman Sachs - Singapore
- Attock Cement Pakistan Limited
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- Uttam Galva Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Bangladesh Power Developement Board
- Asmin Koalindo Tuhup - Indonesia
- Grasim Industreis Ltd - India
- Semirara Mining and Power Corporation, Philippines
- PowerSource Philippines DevCo
- Savvy Resources Ltd - HongKong
- Standard Chartered Bank - UAE
- Ministry of Transport, Egypt
- CNBM International Corporation - China
- Barasentosa Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Mercator Lines Limited - India
- Banpu Public Company Limited - Thailand
- Coastal Gujarat Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Georgia Ports Authority, United States
- Neyveli Lignite Corporation Ltd, - India
- Kapuas Tunggal Persada - Indonesia
- London Commodity Brokers - England
- Energy Link Ltd, New Zealand
- Coal and Oil Company - UAE
- Singapore Mercantile Exchange
- Kideco Jaya Agung - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Wilmar Investment Holdings
- Central Electricity Authority - India
- Straits Asia Resources Limited - Singapore
- Sinarmas Energy and Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Coalindo Energy - Indonesia
- Posco Energy - South Korea
- Bukit Baiduri Energy - Indonesia
- Star Paper Mills Limited - India
- Chamber of Mines of South Africa
- Lanco Infratech Ltd - India
- Cement Manufacturers Association - India
- LBH Netherlands Bv - Netherlands
- San Jose City I Power Corp, Philippines
- Ministry of Mines - Canada
- Karbindo Abesyapradhi - Indoneisa
- Orica Mining Services - Indonesia
- Simpson Spence & Young - Indonesia
- Salva Resources Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Marubeni Corporation - India
- Aboitiz Power Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Aditya Birla Group - India
- Essar Steel Hazira Ltd - India
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Maheswari Brothers Coal Limited - India
- Commonwealth Bank - Australia
- SN Aboitiz Power Inc, Philippines
- White Energy Company Limited
- Kalimantan Lumbung Energi - Indonesia
- Indian Energy Exchange, India
- Kaltim Prima Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- IHS Mccloskey Coal Group - USA
- SMG Consultants - Indonesia
- Renaissance Capital - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meralco Power Generation, Philippines
- Tamil Nadu electricity Board
- Indian Oil Corporation Limited
- Oldendorff Carriers - Singapore
- Petron Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Kepco SPC Power Corporation, Philippines
- Eastern Energy - Thailand
- Indogreen Group - Indonesia
- Power Finance Corporation Ltd., India
- Wood Mackenzie - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Kumho Petrochemical, South Korea
- ASAPP Information Group - India
- TeaM Sual Corporation - Philippines
- GVK Power & Infra Limited - India
- Africa Commodities Group - South Africa
- Globalindo Alam Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- Thiess Contractors Indonesia
- PTC India Limited - India
- Kartika Selabumi Mining - Indonesia
- The University of Queensland
- Independent Power Producers Association of India
- Australian Commodity Traders Exchange
- Latin American Coal - Colombia
- Billiton Holdings Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- The Treasury - Australian Government
- Gujarat Sidhee Cement - India
- Central Java Power - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- International Coal Ventures Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- OPG Power Generation Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Tata Chemicals Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- Vedanta Resources Plc - India
- Cigading International Bulk Terminal - Indonesia
- Sojitz Corporation - Japan
- Samtan Co., Ltd - South Korea
- Meenaskhi Energy Private Limited - India
- Malabar Cements Ltd - India
- Xindia Steels Limited - India
- Bayan Resources Tbk. - Indonesia
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