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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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Thursday, 17 February 22
MAJOR INSTITUTIONS PROVIDED OVER $1.5 TRLN TO COAL SECTOR IN 2019-2021, SAYS NGO GROUP - REUTERS
Financial institutions channelled more than $1.5 trillion into the coal industry in loans and underwriting from January 2019 to November 2021, even ...
Thursday, 17 February 22
APAC THERMAL COAL PRICES TO EASE ON END OF INDONESIA EXPORT BAN - FITCH RATINGS
Fitch Ratings-Shanghai/Singapore-14 February 2022: APAC thermal coal prices are likely to come under pressure in the near term due to seasonally we ...
Tuesday, 15 February 22
IS ANOTHER COAL SHORTAGE CRISIS LOOMING OVER INDIA? - BUSINESS STANDARD
In December last year, the Federation of Indian Mineral Industries (FIMI) shot off a letter to the Prime Minister claiming that the coal crisis was ...
Tuesday, 15 February 22
THERMAL COAL'S RECORD PRICE RUN MAY END UP ITS OWN WORST ENEMY - REUTERS
The price of benchmark Australian thermal coal rose last week to trade near record highs, providing a short-term boost to producers but increasing ...
Thursday, 10 February 22
INDONESIA: COAL EXPORT BAN - SKULD
Indonesia's coal export ban in the light of force majeure and off-hire clauses
In January 2022, Indonesia, the world's biggest exporte ...
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- South Luzon Thermal Energy Corporation
- Commonwealth Bank - Australia
- Savvy Resources Ltd - HongKong
- Borneo Indobara - Indonesia
- Baramulti Group, Indonesia
- Tamil Nadu electricity Board
- Grasim Industreis Ltd - India
- Heidelberg Cement - Germany
- Sindya Power Generating Company Private Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Mjunction Services Limited - India
- Marubeni Corporation - India
- Samtan Co., Ltd - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Manunggal Multi Energi - Indonesia
- Xindia Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- MS Steel International - UAE
- GN Power Mariveles Coal Plant, Philippines
- Eastern Energy - Thailand
- Intertek Mineral Services - Indonesia
- Vizag Seaport Private Limited - India
- Economic Council, Georgia
- Parliament of New Zealand
- Oldendorff Carriers - Singapore
- Bhoruka Overseas - Indonesia
- SMG Consultants - Indonesia
- SN Aboitiz Power Inc, Philippines
- Singapore Mercantile Exchange
- Chettinad Cement Corporation Ltd - India
- Sojitz Corporation - Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Posco Energy - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
- Petrochimia International Co. Ltd.- Taiwan
- Barasentosa Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Indonesian Coal Mining Association
- Maharashtra Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Sakthi Sugars Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- ICICI Bank Limited - India
- Indian Oil Corporation Limited
- Larsen & Toubro Limited - India
- Minerals Council of Australia
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- Planning Commission, India
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- Renaissance Capital - South Africa
- Salva Resources Pvt Ltd - India
- Bhatia International Limited - India
- Gujarat Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- Coalindo Energy - Indonesia
- Deloitte Consulting - India
- Lanco Infratech Ltd - India
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- Australian Coal Association
- Jindal Steel & Power Ltd - India
- LBH Netherlands Bv - Netherlands
- Kumho Petrochemical, South Korea
- Metalloyd Limited - United Kingdom
- Africa Commodities Group - South Africa
- Electricity Authority, New Zealand
- Orica Australia Pty. Ltd.
- Maheswari Brothers Coal Limited - India
- Essar Steel Hazira Ltd - India
- Sree Jayajothi Cements Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Standard Chartered Bank - UAE
- Bharathi Cement Corporation - India
- Cigading International Bulk Terminal - Indonesia
- London Commodity Brokers - England
- Wilmar Investment Holdings
- Semirara Mining and Power Corporation, Philippines
- Star Paper Mills Limited - India
- Mercuria Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Goldman Sachs - Singapore
- Electricity Generating Authority of Thailand
- Kartika Selabumi Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- CIMB Investment Bank - Malaysia
- IHS Mccloskey Coal Group - USA
- Energy Development Corp, Philippines
- Independent Power Producers Association of India
- Malabar Cements Ltd - India
- San Jose City I Power Corp, Philippines
- PowerSource Philippines DevCo
- Banpu Public Company Limited - Thailand
- TeaM Sual Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ASAPP Information Group - India
- Toyota Tsusho Corporation, Japan
- Anglo American - United Kingdom
- Antam Resourcindo - Indonesia
- Ministry of Transport, Egypt
- Kapuas Tunggal Persada - Indonesia
- Orica Mining Services - Indonesia
- CNBM International Corporation - China
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The University of Queensland
- Siam City Cement - Thailand
- Simpson Spence & Young - Indonesia
- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
- VISA Power Limited - India
- Interocean Group of Companies - India
- TNB Fuel Sdn Bhd - Malaysia
- Jaiprakash Power Ventures ltd
- Energy Link Ltd, New Zealand
- Ministry of Finance - Indonesia
- Globalindo Alam Lestari - Indonesia
- Latin American Coal - Colombia
- Therma Luzon, Inc, Philippines
- PTC India Limited - India
- Central Electricity Authority - India
- Port Waratah Coal Services - Australia
- Coastal Gujarat Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Edison Trading Spa - Italy
- Sarangani Energy Corporation, Philippines
- Gujarat Sidhee Cement - India
- Petron Corporation, Philippines
- Thiess Contractors Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Coal and Oil Company - UAE
- Siam City Cement PLC, Thailand
- Mintek Dendrill Indonesia
- GAC Shipping (India) Pvt Ltd
- Price Waterhouse Coopers - Russia
- Eastern Coal Council - USA
- Aboitiz Power Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- GMR Energy Limited - India
- Pendopo Energi Batubara - Indonesia
- Global Green Power PLC Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- International Coal Ventures Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Timah Investasi Mineral - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Kepco SPC Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Bangladesh Power Developement Board
- SMC Global Power, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IEA Clean Coal Centre - UK
- Central Java Power - Indonesia
- Attock Cement Pakistan Limited
- Power Finance Corporation Ltd., India
- Rio Tinto Coal - Australia
- Mercator Lines Limited - India
- Merrill Lynch Commodities Europe
- Alfred C Toepfer International GmbH - Germany
- Medco Energi Mining Internasional
- Trasteel International SA, Italy
- PetroVietnam Power Coal Import and Supply Company
- The State Trading Corporation of India Ltd
- Sical Logistics Limited - India
- Madhucon Powers Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Videocon Industries ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Rashtriya Ispat Nigam Limited - India
- Global Business Power Corporation, Philippines
- Carbofer General Trading SA - India
- Straits Asia Resources Limited - Singapore
- Agrawal Coal Company - India
- Leighton Contractors Pty Ltd - Australia
- Vedanta Resources Plc - India
- Bukit Makmur.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Meralco Power Generation, Philippines
- Cement Manufacturers Association - India
- GVK Power & Infra Limited - India
- Bulk Trading Sa - Switzerland
- Riau Bara Harum - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Makarim & Taira - Indonesia
- Thai Mozambique Logistica
- Bhushan Steel Limited - India
- Indogreen Group - Indonesia
- Romanian Commodities Exchange
- India Bulls Power Limited - India
- Kaltim Prima Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Kideco Jaya Agung - Indonesia
- Chamber of Mines of South Africa
- Meenaskhi Energy Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- The Treasury - Australian Government
- Aditya Birla Group - India
- OPG Power Generation Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Parry Sugars Refinery, India
- Wood Mackenzie - Singapore
- European Bulk Services B.V. - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- White Energy Company Limited
- Billiton Holdings Pty Ltd - Australia
- Georgia Ports Authority, United States
- Iligan Light & Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
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