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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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Friday, 23 September 22
CHINA DIGS DEEP TO RAISE COAL OUTPUT TO RECORD HIGH - REUTERS
China’s coal production has surged this year as the government seeks to improve energy security by reducing dependence on imports and amassin ...
Friday, 23 September 22
EUROPEAN STEEL BUYERS SEEK DIRECTION IN VOLATILE MARKET - MEPS INTERNATIONAL
Demand for steel is slow to recover, after the summer break. Mill production costs continue to increase. Steel purchasers are uncertain about the f ...
Friday, 23 September 22
BUOYANT COAL INDUSTRY SEEKS WAYS TO STAY IN THE LONG-TERM ENERGY MIX - REUTERS
There’s no doubt that the global coal industry has been a major beneficiary of Russia’s invasion of Ukraine and the subsequent energy c ...
Friday, 23 September 22
MARKET INSIGHT - INTERMODAL
In view of the forthcoming winter, Europe is trying to escape from its energy (oil & gas) dependency from Russia to ensure energy abundance eve ...
Tuesday, 20 September 22
CHINA'S DAILY COAL OUTPUT HITS 3-MONTH LOW IN AUGUST ON RAINS, COVID CURBS - REUTERS
China’s daily coal output in August slipped to a three-month low as some mines in its biggest coal mining regions reduced operations or even ...
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- Altura Mining Limited, Indonesia
- Toyota Tsusho Corporation, Japan
- Bahari Cakrawala Sebuku - Indonesia
- The Treasury - Australian Government
- Larsen & Toubro Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Georgia Ports Authority, United States
- OPG Power Generation Pvt Ltd - India
- SMG Consultants - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Vedanta Resources Plc - India
- Planning Commission, India
- Directorate General of MIneral and Coal - Indonesia
- Samtan Co., Ltd - South Korea
- CNBM International Corporation - China
- Chettinad Cement Corporation Ltd - India
- London Commodity Brokers - England
- Dalmia Cement Bharat India
- Sarangani Energy Corporation, Philippines
- Global Business Power Corporation, Philippines
- Central Java Power - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Carbofer General Trading SA - India
- Essar Steel Hazira Ltd - India
- McConnell Dowell - Australia
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Commonwealth Bank - Australia
- Sinarmas Energy and Mining - Indonesia
- Banpu Public Company Limited - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Sojitz Corporation - Japan
- Krishnapatnam Port Company Ltd. - India
- Aboitiz Power Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Salva Resources Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Eastern Energy - Thailand
- Marubeni Corporation - India
- Lanco Infratech Ltd - India
- Bukit Baiduri Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Central Electricity Authority - India
- Global Coal Blending Company Limited - Australia
- Tata Chemicals Ltd - India
- Romanian Commodities Exchange
- Ministry of Mines - Canada
- Miang Besar Coal Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Wood Mackenzie - Singapore
- Wilmar Investment Holdings
- Power Finance Corporation Ltd., India
- Billiton Holdings Pty Ltd - Australia
- Interocean Group of Companies - India
- Maheswari Brothers Coal Limited - India
- South Luzon Thermal Energy Corporation
- Australian Commodity Traders Exchange
- Sical Logistics Limited - India
- Semirara Mining Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Goldman Sachs - Singapore
- Holcim Trading Pte Ltd - Singapore
- Savvy Resources Ltd - HongKong
- Sindya Power Generating Company Private Ltd
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
- ICICI Bank Limited - India
- Ind-Barath Power Infra Limited - India
- Merrill Lynch Commodities Europe
- Meenaskhi Energy Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Energy Link Ltd, New Zealand
- Bulk Trading Sa - Switzerland
- Bhushan Steel Limited - India
- Star Paper Mills Limited - India
- Siam City Cement - Thailand
- ASAPP Information Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PowerSource Philippines DevCo
- Simpson Spence & Young - Indonesia
- Sree Jayajothi Cements Limited - India
- Borneo Indobara - Indonesia
- Minerals Council of Australia
- Karaikal Port Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Baramulti Group, Indonesia
- Ministry of Transport, Egypt
- LBH Netherlands Bv - Netherlands
- Manunggal Multi Energi - Indonesia
- Thai Mozambique Logistica
- Straits Asia Resources Limited - Singapore
- Mintek Dendrill Indonesia
- PTC India Limited - India
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- Mjunction Services Limited - India
- GMR Energy Limited - India
- Edison Trading Spa - Italy
- Mercuria Energy - Indonesia
- Attock Cement Pakistan Limited
- Aditya Birla Group - India
- Makarim & Taira - Indonesia
- Kideco Jaya Agung - Indonesia
- White Energy Company Limited
- Riau Bara Harum - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bharathi Cement Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Petron Corporation, Philippines
- Port Waratah Coal Services - Australia
- Australian Coal Association
- Eastern Coal Council - USA
- European Bulk Services B.V. - Netherlands
- Indian Oil Corporation Limited
- Therma Luzon, Inc, Philippines
- Bhoruka Overseas - Indonesia
- International Coal Ventures Pvt Ltd - India
- Malabar Cements Ltd - India
- Madhucon Powers Ltd - India
- Singapore Mercantile Exchange
- Orica Mining Services - Indonesia
- VISA Power Limited - India
- Anglo American - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- Indika Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- MS Steel International - UAE
- Rio Tinto Coal - Australia
- Indogreen Group - Indonesia
- Deloitte Consulting - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jindal Steel & Power Ltd - India
- Thiess Contractors Indonesia
- San Jose City I Power Corp, Philippines
- Africa Commodities Group - South Africa
- Mercator Lines Limited - India
- Orica Australia Pty. Ltd.
- Ministry of Finance - Indonesia
- Bukit Makmur.PT - Indonesia
- Cement Manufacturers Association - India
- TNB Fuel Sdn Bhd - Malaysia
- Economic Council, Georgia
- GVK Power & Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Kumho Petrochemical, South Korea
- PetroVietnam Power Coal Import and Supply Company
- Xindia Steels Limited - India
- Latin American Coal - Colombia
- Kalimantan Lumbung Energi - Indonesia
- Indian Energy Exchange, India
- Kaltim Prima Coal - Indonesia
- Meralco Power Generation, Philippines
- Intertek Mineral Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Indo Tambangraya Megah - Indonesia
- Jaiprakash Power Ventures ltd
- The University of Queensland
- Posco Energy - South Korea
- Energy Development Corp, Philippines
- Standard Chartered Bank - UAE
- IEA Clean Coal Centre - UK
- TeaM Sual Corporation - Philippines
- Ambuja Cements Ltd - India
- The State Trading Corporation of India Ltd
- New Zealand Coal & Carbon
- Kartika Selabumi Mining - Indonesia
- Uttam Galva Steels Limited - India
- Bhatia International Limited - India
- Iligan Light & Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Heidelberg Cement - Germany
- Bayan Resources Tbk. - Indonesia
- Coalindo Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- SMC Global Power, Philippines
- Parliament of New Zealand
- Indonesian Coal Mining Association
- Oldendorff Carriers - Singapore
- Barasentosa Lestari - Indonesia
- Electricity Authority, New Zealand
- Metalloyd Limited - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- India Bulls Power Limited - India
- Sakthi Sugars Limited - India
- Grasim Industreis Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Tamil Nadu electricity Board
- SN Aboitiz Power Inc, Philippines
- Bangladesh Power Developement Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Independent Power Producers Association of India
- Pendopo Energi Batubara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Electricity Generating Authority of Thailand
- CIMB Investment Bank - Malaysia
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Agrawal Coal Company - India
- Coal and Oil Company - UAE
- Videocon Industries ltd - India
- Antam Resourcindo - Indonesia
- Global Green Power PLC Corporation, Philippines
- Trasteel International SA, Italy
- Renaissance Capital - South Africa
- Medco Energi Mining Internasional
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