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Sunday, 01 November 20
GRADUAL RECOVERY FOR INDONESIAN COAL FROM 4Q20; RISKS REMAIN - FITCH RATINGS
 Fitch Ratings expects the credit metrics of Indonesian coal miners and coal contractors to improve from 4Q20 with the recovery in volumes and prices. Fitch also expects the recovery to continue into 2021, as we do not envisage a second round of strict lockdowns.
Fitch has revised its full-year coal-price assumptions, and also assumes lower volumes of 84%-89% of 2019 levels in 2020, reflecting weaker seaborne coal demand, before recovering gradually in 2021. There are further downside risks to volumes beyond our estimates, from a sustained weakness in coal prices.
Fitch also said, credit metrics of most Indonesian miners and contractors are likely to decline in 2020 close to - or beyond - our negative rating action triggers, affected by lower profitability and weaker volumes before recovering in 2021. Recurring sporadic lockdowns are likely to delay revival in economic growth, and in turn hurt demand for coal in key import markets.
Fitch also said, we envisage the ratings on most of the Indonesian coal companies to be at risk if the current weak coal price and demand environment continues into 2021. PT Bukit Makmur Mandiri Utama (BUMA, BB-), PT ABM Investama Tbk (ABM, B+) and PT Indika Energy Tbk (Indika, BB-), which are currently on Negative Outlook, are the most prone to a rating downgrade.
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Wednesday, 07 October 20
MARKET INSIGHT - INTERMODAL
The challenges brought forward in 2020 proved to be very different from what we could have ever imagined. Together with placing a significant strai ...
Tuesday, 06 October 20
KOSPO TO IMPORT 80,000 MT OF 3,800 NCV COAL FOR 2H NOV
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an International tender for 80,000 MT Min.3800 kcal/kg NCV coal 2H November, 2020 l ...
Friday, 02 October 20
THE INDONESIA COAL PRICE REFERENCE RISE AFTER HISTORIC CRASH TO US$ 49.42
COALspot.com: The Indonesia Coal Price Reference for the month of October Rise to US$ 51.00 after historic crash to US$ 49.42 in September 2020.
...
Friday, 02 October 20
SRI LANKA MUST LEARN LESSONS FROM AROUND ASIA TO AVOID FURTHER ELECTRICITY CRISES - IEEFA
Overcommitment to fossil-fuelled power generation is leading to excess capacity and rising capacity payments, subsidies, and tariffs around the con ...
Wednesday, 30 September 20
MARKET INSIGHT - INTERMODAL
Spot rates for Capesize bulk carriers received a significant boost last week, however, there are certain reservations in the market regarding the p ...
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- Alfred C Toepfer International GmbH - Germany
- Iligan Light & Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Thiess Contractors Indonesia
- Sojitz Corporation - Japan
- Manunggal Multi Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Bhushan Steel Limited - India
- Pendopo Energi Batubara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Aditya Birla Group - India
- Indika Energy - Indonesia
- Goldman Sachs - Singapore
- Bharathi Cement Corporation - India
- Mercuria Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Independent Power Producers Association of India
- Ceylon Electricity Board - Sri Lanka
- MS Steel International - UAE
- Latin American Coal - Colombia
- Edison Trading Spa - Italy
- Karbindo Abesyapradhi - Indoneisa
- Binh Thuan Hamico - Vietnam
- Karaikal Port Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- New Zealand Coal & Carbon
- The State Trading Corporation of India Ltd
- Sical Logistics Limited - India
- Agrawal Coal Company - India
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Meenaskhi Energy Private Limited - India
- London Commodity Brokers - England
- Kartika Selabumi Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Marubeni Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- Port Waratah Coal Services - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Java Power - Indonesia
- European Bulk Services B.V. - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Africa Commodities Group - South Africa
- Eastern Coal Council - USA
- CIMB Investment Bank - Malaysia
- Maheswari Brothers Coal Limited - India
- Vizag Seaport Private Limited - India
- Chamber of Mines of South Africa
- Antam Resourcindo - Indonesia
- Leighton Contractors Pty Ltd - Australia
- ASAPP Information Group - India
- Dalmia Cement Bharat India
- TNB Fuel Sdn Bhd - Malaysia
- Attock Cement Pakistan Limited
- Essar Steel Hazira Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Rio Tinto Coal - Australia
- Central Electricity Authority - India
- Global Green Power PLC Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Bayan Resources Tbk. - Indonesia
- PTC India Limited - India
- Coalindo Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Jindal Steel & Power Ltd - India
- Anglo American - United Kingdom
- Ministry of Finance - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Sarangani Energy Corporation, Philippines
- Wilmar Investment Holdings
- Minerals Council of Australia
- Rashtriya Ispat Nigam Limited - India
- ICICI Bank Limited - India
- CNBM International Corporation - China
- Energy Development Corp, Philippines
- Formosa Plastics Group - Taiwan
- Mjunction Services Limited - India
- GMR Energy Limited - India
- Billiton Holdings Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Indian Energy Exchange, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indogreen Group - Indonesia
- Indonesian Coal Mining Association
- Aboitiz Power Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Madhucon Powers Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Petron Corporation, Philippines
- Trasteel International SA, Italy
- SMG Consultants - Indonesia
- Parliament of New Zealand
- Australian Coal Association
- Baramulti Group, Indonesia
- Mintek Dendrill Indonesia
- Standard Chartered Bank - UAE
- Makarim & Taira - Indonesia
- Chettinad Cement Corporation Ltd - India
- Orica Australia Pty. Ltd.
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- TeaM Sual Corporation - Philippines
- Ministry of Transport, Egypt
- Vijayanagar Sugar Pvt Ltd - India
- Bangladesh Power Developement Board
- Sinarmas Energy and Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement PLC, Thailand
- Price Waterhouse Coopers - Russia
- Global Coal Blending Company Limited - Australia
- Wood Mackenzie - Singapore
- Bhatia International Limited - India
- McConnell Dowell - Australia
- Sakthi Sugars Limited - India
- GVK Power & Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Larsen & Toubro Limited - India
- Altura Mining Limited, Indonesia
- White Energy Company Limited
- Australian Commodity Traders Exchange
- Directorate Of Revenue Intelligence - India
- Star Paper Mills Limited - India
- South Luzon Thermal Energy Corporation
- Heidelberg Cement - Germany
- Indo Tambangraya Megah - Indonesia
- Interocean Group of Companies - India
- Timah Investasi Mineral - Indoneisa
- Toyota Tsusho Corporation, Japan
- Savvy Resources Ltd - HongKong
- Vedanta Resources Plc - India
- Xindia Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Orica Mining Services - Indonesia
- Ministry of Mines - Canada
- Krishnapatnam Port Company Ltd. - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- VISA Power Limited - India
- Grasim Industreis Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Georgia Ports Authority, United States
- IEA Clean Coal Centre - UK
- Meralco Power Generation, Philippines
- The University of Queensland
- Gujarat Sidhee Cement - India
- Indian Oil Corporation Limited
- Coastal Gujarat Power Limited - India
- Videocon Industries ltd - India
- Globalindo Alam Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Jaiprakash Power Ventures ltd
- Economic Council, Georgia
- Global Business Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Eastern Energy - Thailand
- Commonwealth Bank - Australia
- Deloitte Consulting - India
- Sree Jayajothi Cements Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercator Lines Limited - India
- PowerSource Philippines DevCo
- PNOC Exploration Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Bukit Baiduri Energy - Indonesia
- Riau Bara Harum - Indonesia
- Siam City Cement - Thailand
- Banpu Public Company Limited - Thailand
- Singapore Mercantile Exchange
- Semirara Mining Corp, Philippines
- Malabar Cements Ltd - India
- Uttam Galva Steels Limited - India
- Posco Energy - South Korea
- Parry Sugars Refinery, India
- Cement Manufacturers Association - India
- San Jose City I Power Corp, Philippines
- Electricity Authority, New Zealand
- Planning Commission, India
- Romanian Commodities Exchange
- Merrill Lynch Commodities Europe
- Kideco Jaya Agung - Indonesia
- Borneo Indobara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Sindya Power Generating Company Private Ltd
- Lanco Infratech Ltd - India
- SMC Global Power, Philippines
- Metalloyd Limited - United Kingdom
- Ind-Barath Power Infra Limited - India
- India Bulls Power Limited - India
- Power Finance Corporation Ltd., India
- Energy Link Ltd, New Zealand
- The Treasury - Australian Government
- Asmin Koalindo Tuhup - Indonesia
- Tata Chemicals Ltd - India
- Renaissance Capital - South Africa
- Thai Mozambique Logistica
- Ambuja Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Bhoruka Overseas - Indonesia
- Tamil Nadu electricity Board
- Medco Energi Mining Internasional
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