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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, 06 February 20
CHINESE DEMAND KEY UNCERTAINTY FOR SEABORNE COAL MARKET IN 2020 - THE BRICS POST
Coal trader Noble Resources head of research Rodrigo Echeverri Cardozo had penciled in a 3 Mt drop in Chinese import demand for 2020, but it could ...
Wednesday, 05 February 20
CORONAVIRUS AND THE SHIPPING INDUSTRY - WATSON, FARLEY & WILLIAMS
The continued spread of Coronavirus and governmental measures to minimise the impact is likely to affect the shipping industry and supply chain.
...
Wednesday, 05 February 20
INDONESIA'S COAL PRICE REFERENCE UP 1.46% IN FEBRUARY
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised up the benchmark price of Indonesian thermal co ...
Wednesday, 05 February 20
MARKET INSIGHT - INTERMODAL
The oil and gas industry benefitted from a strong and solid ground in the previous year. We witnessed a slow but steady increase in bunker’s ...
Wednesday, 05 February 20
RUSSIA EXPORTED 28.6 MLN TONNES OF LNG IN 2019 - REFINITIV
A lot of attention has been paid recently on the surge in LNG exports from the United States. However, another country which is seeing truly expone ...
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- CIMB Investment Bank - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Interocean Group of Companies - India
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
- GN Power Mariveles Coal Plant, Philippines
- Essar Steel Hazira Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Merrill Lynch Commodities Europe
- Jaiprakash Power Ventures ltd
- Cement Manufacturers Association - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Bhatia International Limited - India
- Kepco SPC Power Corporation, Philippines
- Ministry of Mines - Canada
- Deloitte Consulting - India
- Chettinad Cement Corporation Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Vizag Seaport Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Altura Mining Limited, Indonesia
- Jindal Steel & Power Ltd - India
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
- Videocon Industries ltd - India
- Coal and Oil Company - UAE
- Sical Logistics Limited - India
- Wilmar Investment Holdings
- Coalindo Energy - Indonesia
- Indian Energy Exchange, India
- Bukit Makmur.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Mercator Lines Limited - India
- Renaissance Capital - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Savvy Resources Ltd - HongKong
- Rio Tinto Coal - Australia
- SN Aboitiz Power Inc, Philippines
- Baramulti Group, Indonesia
- ASAPP Information Group - India
- Formosa Plastics Group - Taiwan
- PowerSource Philippines DevCo
- Energy Development Corp, Philippines
- Siam City Cement - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Thai Mozambique Logistica
- OPG Power Generation Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- PTC India Limited - India
- India Bulls Power Limited - India
- European Bulk Services B.V. - Netherlands
- White Energy Company Limited
- Aboitiz Power Corporation - Philippines
- Grasim Industreis Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- New Zealand Coal & Carbon
- Port Waratah Coal Services - Australia
- Kohat Cement Company Ltd. - Pakistan
- Holcim Trading Pte Ltd - Singapore
- Independent Power Producers Association of India
- MS Steel International - UAE
- San Jose City I Power Corp, Philippines
- Commonwealth Bank - Australia
- The State Trading Corporation of India Ltd
- TeaM Sual Corporation - Philippines
- Dalmia Cement Bharat India
- PNOC Exploration Corporation - Philippines
- Antam Resourcindo - Indonesia
- Eastern Energy - Thailand
- Maheswari Brothers Coal Limited - India
- Kapuas Tunggal Persada - Indonesia
- Meenaskhi Energy Private Limited - India
- Toyota Tsusho Corporation, Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Coal Association
- Heidelberg Cement - Germany
- Iligan Light & Power Inc, Philippines
- Indika Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Global Business Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Therma Luzon, Inc, Philippines
- Ambuja Cements Ltd - India
- Siam City Cement PLC, Thailand
- Indian Oil Corporation Limited
- Price Waterhouse Coopers - Russia
- ICICI Bank Limited - India
- Energy Link Ltd, New Zealand
- Aditya Birla Group - India
- CNBM International Corporation - China
- Maharashtra Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Africa Commodities Group - South Africa
- GAC Shipping (India) Pvt Ltd
- International Coal Ventures Pvt Ltd - India
- Medco Energi Mining Internasional
- McConnell Dowell - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Standard Chartered Bank - UAE
- Carbofer General Trading SA - India
- Sakthi Sugars Limited - India
- Uttam Galva Steels Limited - India
- South Luzon Thermal Energy Corporation
- Semirara Mining Corp, Philippines
- Petron Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Mercuria Energy - Indonesia
- Electricity Generating Authority of Thailand
- Power Finance Corporation Ltd., India
- Kobexindo Tractors - Indoneisa
- Kaltim Prima Coal - Indonesia
- Larsen & Toubro Limited - India
- Latin American Coal - Colombia
- Thiess Contractors Indonesia
- Marubeni Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- London Commodity Brokers - England
- Planning Commission, India
- Pendopo Energi Batubara - Indonesia
- Coastal Gujarat Power Limited - India
- Bharathi Cement Corporation - India
- Trasteel International SA, Italy
- SMG Consultants - Indonesia
- Edison Trading Spa - Italy
- Sarangani Energy Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Madhucon Powers Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Indonesian Coal Mining Association
- Global Coal Blending Company Limited - Australia
- Bhoruka Overseas - Indonesia
- Eastern Coal Council - USA
- Economic Council, Georgia
- Australian Commodity Traders Exchange
- Binh Thuan Hamico - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kumho Petrochemical, South Korea
- IEA Clean Coal Centre - UK
- IHS Mccloskey Coal Group - USA
- Gujarat Sidhee Cement - India
- Mintek Dendrill Indonesia
- Parliament of New Zealand
- The Treasury - Australian Government
- Central Java Power - Indonesia
- Mjunction Services Limited - India
- SMC Global Power, Philippines
- Goldman Sachs - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Posco Energy - South Korea
- Salva Resources Pvt Ltd - India
- GVK Power & Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Ceylon Electricity Board - Sri Lanka
- Barasentosa Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Tata Chemicals Ltd - India
- Bayan Resources Tbk. - Indonesia
- Orica Mining Services - Indonesia
- Bangladesh Power Developement Board
- Orica Australia Pty. Ltd.
- Anglo American - United Kingdom
- Sindya Power Generating Company Private Ltd
- Timah Investasi Mineral - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parry Sugars Refinery, India
- PetroVietnam Power Coal Import and Supply Company
- Meralco Power Generation, Philippines
- Georgia Ports Authority, United States
- Star Paper Mills Limited - India
- Wood Mackenzie - Singapore
- Sojitz Corporation - Japan
- Leighton Contractors Pty Ltd - Australia
- GMR Energy Limited - India
- Bulk Trading Sa - Switzerland
- The University of Queensland
- Electricity Authority, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Attock Cement Pakistan Limited
- LBH Netherlands Bv - Netherlands
- VISA Power Limited - India
- Romanian Commodities Exchange
- Xindia Steels Limited - India
- Vedanta Resources Plc - India
- Metalloyd Limited - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Borneo Indobara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Lanco Infratech Ltd - India
- Ministry of Finance - Indonesia
- Bukit Baiduri Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Indogreen Group - Indonesia
- Ministry of Transport, Egypt
- Samtan Co., Ltd - South Korea
- Agrawal Coal Company - India
- Riau Bara Harum - Indonesia
- Singapore Mercantile Exchange
- Sree Jayajothi Cements Limited - India
- Bhushan Steel Limited - India
- Central Electricity Authority - India
- Makarim & Taira - Indonesia
- Malabar Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Minerals Council of Australia
- Chamber of Mines of South Africa
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