We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Thursday, 25 November 21
FITCH RATINGS INCREASES MOST GLOBAL METALS AND MINING PRICE ASSUMPTIONS - FITCH RATINGS
Fitch Ratings has increased most metals and mining price assumptions, particularly those that benefit from increased longer-term demand due to global decarbonisation or short-term supply-demand imbalances.
We have raised short- and medium-term copper prices due to strong demand, supported by energy transition trends such as electric vehicle production and renewables roll-out. Copper inventories are at very low levels (less than three weeks’ worth of consumption with exchange stocks at 20-year lows). We expect the copper market to stay largely balanced over the medium term, supporting prices. While demand is increasing, mining companies face challenges in obtaining environmental permits for new projects and local communities’ resistance, reducing risks of oversupply.
We have cut our 2022 iron ore price assumption and increased it in 2023-2024. We expect the iron ore market to be more balanced in 2022 following a large deficit in 2021. Inventories have risen and are likely to remain higher than in the past two years, which will support price moderation in 2022. However, cost inflation – including shipping rates and environmental compliance – will limit downside risks in the coming years.
The updated coking coal price assumptions for 2022 reflect our expectation that prices will moderate from current levels due to lower demand from China, driven by the government-induced decline in steel production and winter season curbs. However, supply is likely to remain disrupted, while there are some pockets of growing demand, including India, which support our higher-than-previously expected short-term assumption.
We have increased all aluminium price assumptions due to strong market fundamentals. Power disruptions in China have led to production capacity curtailments that, together with delayed ramp-ups and restarts, have led to significant deficits in 2021 that we expect to continue in 2022 with a tight market balance thereafter. Weaker demand from some end-markets, including that linked to chip shortages, has been more than offset by production cuts. Demand for aluminium in the medium and long term will be supported by its application in electrification and energy transition.
Our increased short and medium-term zinc price assumptions are driven by global demand growth at nearly pre-pandemic rates, despite some deceleration in China. The global refined zinc market is likely to swing into shortages in 2022 and 2023, supporting prices. However, supply is price-elastic and highly fragmented, leading to increased production and curbing prices in the longer term.
Our increased gold price assumptions reflect increased demand due to its ‘safe haven’ investment status, although it has moderated since the height of the pandemic due to better prospects of economic recoveries. We assume the price to re-base at USD1,300/oz in the long term.
Our increased 2022 Qinhuangdao 5,500kcal/kg thermal coal price assumptions reflect our expectation that the market supply will remain tight after temporary production-incentivising measures are withdrawn in China. We still expect low single-digit growth in domestic consumption of thermal coal in 2022, despite the slowing of the economy, because new renewable capacity cannot cover all power demand. We expect prices to subsequently align with the earlier assumptions. We have similarly revised the Australia Newcastle 6,000 kcal/kg benchmark.
The increase in the 2022 nickel price assumptions is driven by residual effects of low stocks and higher prices in 2021, while we kept other medium- and long-term assumptions unchanged due to risks of increased supply from Indonesia, that could potentially lead to small market surpluses.
Our updated assumptions for 2021 largely reflect year-to-date average prices.
Source: Fitch Ratings
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 22 September 21
MARKET INSIGHT - INTERMODAL
The unfolding last week of a trilateral defence pact between the United States, Australia, the United Kingdom (AUKUS) envisages a wide range of col ...
Tuesday, 21 September 21
CHINESE COAL IMPORTS FROM AUSTRALIA DROP 98.6% AS RESTRICTIONS BITE - BIMCO
In the first seven months of the year Chinese coal imports from Australia have totalled just 780,000 tonnes as Chinese restrictions on Australian c ...
Tuesday, 21 September 21
CHINA'S COAL OUTPUT RESUMES GROWTH IN AUGUST - XINHUA
China’s raw coal output rose 0.8 percent year on year to 340 million tonnes last month, official data showed.
The growth rate ...
Wednesday, 15 September 21
MARKET INSIGHT - INTERMODAL
Following the oil price sell off during most of August, partly triggered by oil demand fears amid the delta COVID variant, oil prices have resumed ...
Saturday, 11 September 21
CIL STEPS UP SUPPLY COAL TO POWER SECTOR; PER-DAY AVERAGE 20 PC HIGHER THAN LAST YEAR - PTI
State-owned CIL on Friday said it has stepped up the supply of coal to the power sector in the first eight days of the current month, with an avera ...
|
|
|
Showing 481 to 485 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Orica Australia Pty. Ltd.
- White Energy Company Limited
- Carbofer General Trading SA - India
- Planning Commission, India
- Goldman Sachs - Singapore
- New Zealand Coal & Carbon
- IHS Mccloskey Coal Group - USA
- Standard Chartered Bank - UAE
- Latin American Coal - Colombia
- Kalimantan Lumbung Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ICICI Bank Limited - India
- Madhucon Powers Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Trasteel International SA, Italy
- Iligan Light & Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Altura Mining Limited, Indonesia
- Riau Bara Harum - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Intertek Mineral Services - Indonesia
- Central Java Power - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Ind-Barath Power Infra Limited - India
- Aboitiz Power Corporation - Philippines
- Port Waratah Coal Services - Australia
- Salva Resources Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- SMC Global Power, Philippines
- Sarangani Energy Corporation, Philippines
- Australian Commodity Traders Exchange
- Coastal Gujarat Power Limited - India
- Larsen & Toubro Limited - India
- Gujarat Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Coal Council - USA
- Kartika Selabumi Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Georgia Ports Authority, United States
- Rashtriya Ispat Nigam Limited - India
- Directorate Of Revenue Intelligence - India
- Alfred C Toepfer International GmbH - Germany
- Formosa Plastics Group - Taiwan
- The University of Queensland
- GN Power Mariveles Coal Plant, Philippines
- Uttam Galva Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Bahari Cakrawala Sebuku - Indonesia
- Indo Tambangraya Megah - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dalmia Cement Bharat India
- Eastern Energy - Thailand
- Bharathi Cement Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- Marubeni Corporation - India
- Holcim Trading Pte Ltd - Singapore
- PowerSource Philippines DevCo
- Bukit Makmur.PT - Indonesia
- Heidelberg Cement - Germany
- ASAPP Information Group - India
- The State Trading Corporation of India Ltd
- Parry Sugars Refinery, India
- Chettinad Cement Corporation Ltd - India
- Bangladesh Power Developement Board
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- Thiess Contractors Indonesia
- GVK Power & Infra Limited - India
- Sakthi Sugars Limited - India
- Kideco Jaya Agung - Indonesia
- Indian Energy Exchange, India
- South Luzon Thermal Energy Corporation
- International Coal Ventures Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Indika Energy - Indonesia
- Global Business Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Price Waterhouse Coopers - Russia
- Vizag Seaport Private Limited - India
- Agrawal Coal Company - India
- LBH Netherlands Bv - Netherlands
- Ministry of Finance - Indonesia
- Coalindo Energy - Indonesia
- Kumho Petrochemical, South Korea
- Karaikal Port Pvt Ltd - India
- India Bulls Power Limited - India
- Mintek Dendrill Indonesia
- San Jose City I Power Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Star Paper Mills Limited - India
- Chamber of Mines of South Africa
- Krishnapatnam Port Company Ltd. - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Romanian Commodities Exchange
- Energy Development Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Ministry of Mines - Canada
- SN Aboitiz Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Cigading International Bulk Terminal - Indonesia
- Attock Cement Pakistan Limited
- Australian Coal Association
- Bhushan Steel Limited - India
- MS Steel International - UAE
- Makarim & Taira - Indonesia
- Jindal Steel & Power Ltd - India
- Mercator Lines Limited - India
- Billiton Holdings Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Mjunction Services Limited - India
- Malabar Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Ceylon Electricity Board - Sri Lanka
- Power Finance Corporation Ltd., India
- Rio Tinto Coal - Australia
- Samtan Co., Ltd - South Korea
- Kaltim Prima Coal - Indonesia
- Electricity Authority, New Zealand
- Energy Link Ltd, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Grasim Industreis Ltd - India
- Commonwealth Bank - Australia
- Gujarat Sidhee Cement - India
- Renaissance Capital - South Africa
- Economic Council, Georgia
- Manunggal Multi Energi - Indonesia
- Thai Mozambique Logistica
- Leighton Contractors Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Ministry of Transport, Egypt
- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Interocean Group of Companies - India
- Pipit Mutiara Jaya. PT, Indonesia
- Pendopo Energi Batubara - Indonesia
- Singapore Mercantile Exchange
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Tata Chemicals Ltd - India
- Anglo American - United Kingdom
- Vedanta Resources Plc - India
- Karbindo Abesyapradhi - Indoneisa
- Indonesian Coal Mining Association
- Sindya Power Generating Company Private Ltd
- Metalloyd Limited - United Kingdom
- Sical Logistics Limited - India
- PTC India Limited - India
- Maheswari Brothers Coal Limited - India
- PNOC Exploration Corporation - Philippines
- VISA Power Limited - India
- Meralco Power Generation, Philippines
- European Bulk Services B.V. - Netherlands
- TeaM Sual Corporation - Philippines
- Wood Mackenzie - Singapore
- Videocon Industries ltd - India
- Africa Commodities Group - South Africa
- Central Electricity Authority - India
- Wilmar Investment Holdings
- Antam Resourcindo - Indonesia
- Bhatia International Limited - India
- Essar Steel Hazira Ltd - India
- Minerals Council of Australia
- GMR Energy Limited - India
- Ambuja Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Simpson Spence & Young - Indonesia
- Baramulti Group, Indonesia
- Coal and Oil Company - UAE
- Aditya Birla Group - India
- Posco Energy - South Korea
- The Treasury - Australian Government
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Lanco Infratech Ltd - India
- Electricity Generating Authority of Thailand
- Timah Investasi Mineral - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Xindia Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercuria Energy - Indonesia
- SMG Consultants - Indonesia
- Jaiprakash Power Ventures ltd
- Savvy Resources Ltd - HongKong
- Kobexindo Tractors - Indoneisa
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- Parliament of New Zealand
- Edison Trading Spa - Italy
- London Commodity Brokers - England
- Sojitz Corporation - Japan
- Independent Power Producers Association of India
- Siam City Cement - Thailand
- Binh Thuan Hamico - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Indogreen Group - Indonesia
- CNBM International Corporation - China
- PetroVietnam Power Coal Import and Supply Company
- Bhoruka Overseas - Indonesia
- Tamil Nadu electricity Board
- Therma Luzon, Inc, Philippines
- Medco Energi Mining Internasional
- Petron Corporation, Philippines
- McConnell Dowell - Australia
- Deloitte Consulting - India
- Orica Mining Services - Indonesia
|
| |
| |
|
