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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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Tuesday, 23 June 20
COVID-19 COULD CAUSE A BOOM IN COAL POWER - RYSTAD ENERGY | OILPRICE
COVID-19 has not only impacted the energy industry’s revenues but also its infrastructure development.
The delay of new natural gas ...
Tuesday, 23 June 20
CHINA'S COAL OUTPUT UP 0.9 PCT IN JANUARY-MAY: XINHUA
Output of raw coal in China rose 0.9 percent year on year to 1.47 billion tonnes in the first five months of this year, official data showed.
& ...
Monday, 22 June 20
KAMSARMAX TYPES REGULARLY HIT THE $9,000 PER DAY LEVEL FOR INDONESIAN COAL RUN TO CHINA, BALTIC BRIEFING SAYS
Capesize
The Capesize market trajectory this week has been one of the steepest rallies the sector has experienced. Opening at $12,410, the sect ...
Saturday, 20 June 20
WORLD OIL DEMAND IS PROJECTED TO DECREASE BY 9.1 MB/D IN 2020 - OPEC
Crude Oil Price Movements
Spot crude oil prices rebounded in May from low levels registered a month earlier, as physical market fundamentals im ...
Saturday, 20 June 20
NO ESCAPING GLOBAL TRADE SLUMP - BALTIC EXCHANGE
Those hoping for a decent recovery in trade in the second half of the year should prepare for disappointment.
New data from the Unit ...
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- Kepco SPC Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Ministry of Mines - Canada
- Eastern Energy - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sree Jayajothi Cements Limited - India
- Ministry of Transport, Egypt
- Indonesian Coal Mining Association
- Manunggal Multi Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Georgia Ports Authority, United States
- Grasim Industreis Ltd - India
- Ind-Barath Power Infra Limited - India
- Videocon Industries ltd - India
- CIMB Investment Bank - Malaysia
- Price Waterhouse Coopers - Russia
- Minerals Council of Australia
- Kalimantan Lumbung Energi - Indonesia
- Wilmar Investment Holdings
- Latin American Coal - Colombia
- MS Steel International - UAE
- London Commodity Brokers - England
- Africa Commodities Group - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Indian Oil Corporation Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- PNOC Exploration Corporation - Philippines
- White Energy Company Limited
- Tamil Nadu electricity Board
- Salva Resources Pvt Ltd - India
- Vedanta Resources Plc - India
- SMC Global Power, Philippines
- IEA Clean Coal Centre - UK
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- The State Trading Corporation of India Ltd
- Mercuria Energy - Indonesia
- Energy Development Corp, Philippines
- Jaiprakash Power Ventures ltd
- Indika Energy - Indonesia
- Economic Council, Georgia
- GN Power Mariveles Coal Plant, Philippines
- Uttam Galva Steels Limited - India
- Rio Tinto Coal - Australia
- Thiess Contractors Indonesia
- Renaissance Capital - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Sarangani Energy Corporation, Philippines
- Coal and Oil Company - UAE
- GMR Energy Limited - India
- PTC India Limited - India
- San Jose City I Power Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Heidelberg Cement - Germany
- Energy Link Ltd, New Zealand
- Aditya Birla Group - India
- Ambuja Cements Ltd - India
- Madhucon Powers Ltd - India
- Medco Energi Mining Internasional
- Indian Energy Exchange, India
- Chamber of Mines of South Africa
- Thai Mozambique Logistica
- Semirara Mining and Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- ASAPP Information Group - India
- Sakthi Sugars Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- India Bulls Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Aboitiz Power Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Petron Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Oldendorff Carriers - Singapore
- Neyveli Lignite Corporation Ltd, - India
- CNBM International Corporation - China
- Larsen & Toubro Limited - India
- Merrill Lynch Commodities Europe
- Planning Commission, India
- Vizag Seaport Private Limited - India
- Bharathi Cement Corporation - India
- Simpson Spence & Young - Indonesia
- Barasentosa Lestari - Indonesia
- Goldman Sachs - Singapore
- ICICI Bank Limited - India
- Australian Coal Association
- Bhatia International Limited - India
- AsiaOL BioFuels Corp., Philippines
- Bhushan Steel Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Romanian Commodities Exchange
- Wood Mackenzie - Singapore
- Makarim & Taira - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- SN Aboitiz Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Indogreen Group - Indonesia
- European Bulk Services B.V. - Netherlands
- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
- Singapore Mercantile Exchange
- Agrawal Coal Company - India
- Pipit Mutiara Jaya. PT, Indonesia
- Anglo American - United Kingdom
- Electricity Authority, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Tata Chemicals Ltd - India
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
- Ministry of Finance - Indonesia
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Altura Mining Limited, Indonesia
- Riau Bara Harum - Indonesia
- Marubeni Corporation - India
- Parliament of New Zealand
- Ceylon Electricity Board - Sri Lanka
- Bukit Baiduri Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Borneo Indobara - Indonesia
- Posco Energy - South Korea
- Trasteel International SA, Italy
- Gujarat Sidhee Cement - India
- Mjunction Services Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Interocean Group of Companies - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Coastal Gujarat Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Xindia Steels Limited - India
- Port Waratah Coal Services - Australia
- Global Green Power PLC Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Power Finance Corporation Ltd., India
- Rashtriya Ispat Nigam Limited - India
- Lanco Infratech Ltd - India
- Eastern Coal Council - USA
- Timah Investasi Mineral - Indoneisa
- Commonwealth Bank - Australia
- Bulk Trading Sa - Switzerland
- Krishnapatnam Port Company Ltd. - India
- Formosa Plastics Group - Taiwan
- Mintek Dendrill Indonesia
- Directorate Of Revenue Intelligence - India
- Baramulti Group, Indonesia
- Independent Power Producers Association of India
- Central Electricity Authority - India
- Sical Logistics Limited - India
- Globalindo Alam Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- GVK Power & Infra Limited - India
- Cement Manufacturers Association - India
- Samtan Co., Ltd - South Korea
- Mercator Lines Limited - India
- Siam City Cement - Thailand
- Kaltim Prima Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Carbofer General Trading SA - India
- Parry Sugars Refinery, India
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Generating Authority of Thailand
- SMG Consultants - Indonesia
- Central Java Power - Indonesia
- Star Paper Mills Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Jindal Steel & Power Ltd - India
- Dalmia Cement Bharat India
- Pendopo Energi Batubara - Indonesia
- TeaM Sual Corporation - Philippines
- Bangladesh Power Developement Board
- Sindya Power Generating Company Private Ltd
- Global Coal Blending Company Limited - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Straits Asia Resources Limited - Singapore
- The University of Queensland
- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- The Treasury - Australian Government
- LBH Netherlands Bv - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Malabar Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- VISA Power Limited - India
- Siam City Cement PLC, Thailand
- Sojitz Corporation - Japan
- Semirara Mining Corp, Philippines
- Australian Commodity Traders Exchange
- Indo Tambangraya Megah - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kumho Petrochemical, South Korea
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Essar Steel Hazira Ltd - India
- PowerSource Philippines DevCo
- Edison Trading Spa - Italy
- Deloitte Consulting - India
- Kobexindo Tractors - Indoneisa
- Metalloyd Limited - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
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