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Wednesday, 02 December 20
GLOBAL MINING SECTOR OUTLOOK STABLE DUE TO CHINA'S RECOVERY - FITCH RATINGS
 China’s post-pandemic economic recovery and sizeable infrastructure-focused government stimulus boosted global metals and mining prices, helping to stabilise Fitch Ratings’ expectations for the sector’s performance in 2021. Risks of pandemic-related supply disruptions and slower-than-forecast economic growth will linger next year, but their impact on the sector will be moderate compared with the downturn in 1H20.
Improved demand in the metals and mining sector was primarily driven by a quick recovery in China, fuelled by significant government investments in infrastructure as well as monetary policies that support construction, although a full economic recovery in other regions will take longer. Our stable sector outlook reflects favourable conditions in several important markets, such as iron ore, copper and aluminium. We expect prices to moderate in 2021 and align closer with market fundamentals. Supply-demand dynamics for individual commodities will evolve, reflecting economic growth in various regions and potential supply disruptions driven by pandemic-related restrictions or weather conditions.
Iron ore and gold miners will continue to benefit from robust demand and cash flow generation in 2021. Increasing supply from Brazil is key for reducing the global market deficit, which could be delayed, leading to some upside potential for our price assumptions. We expect the copper and nickel markets to be broadly balanced in the medium term. Demand for nickel, which is used in batteries, could be boosted by the European green recovery pledges that introduce tax breaks and purchase incentives for electric vehicles.
Commodities such as aluminium, zinc, metallurgical coal and thermal coal will remain over-supplied in the near term. Prudent financial policies that could help mitigate emerging risks are key for the ratings in these segments.
Source: Fitch Ratings
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Tuesday, 08 December 20
MARKET ANALYSIS - ALLIED SHIPPING
It is now undisputed that oil consumption for 2020 will post a considerable drop, as demand for several petroleum products has plummeted since the ...
Tuesday, 08 December 20
PANAMAX: THE OVERALL MARKET SEEMS TO BE UNDER NEGATIVE PRESSURE - ALLIED
Capesize
A rather indifferent week for the Capesize market, with BCI 5TC figure finishing the week with slight losses of 0.8%. The Atlantic enj ...
Friday, 04 December 20
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Friday, 04 December 20
THE INDONESIA COAL PRICE REFERENCE REACHES THREE MONTH HIGH ON IMPROVING DEMAND OUTLOOK
COALspot.com: The Indonesia Coal Price Reference reaches three month high on improving demand outlook . The Indonesia Coal Price Reference rose by& ...
Wednesday, 02 December 20
INDONESIA CONSIDERING CLOSING 3,400MW SURALAYA COAL PLANT - THE JAKARTA POST
The government is considering to shut down the aging Suralaya coal-fired power plant (PLTU) in Cilegon, Banten, and replace it with green energy, a ...
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- Central Electricity Authority - India
- The Treasury - Australian Government
- Merrill Lynch Commodities Europe
- Miang Besar Coal Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Mercuria Energy - Indonesia
- Madhucon Powers Ltd - India
- Binh Thuan Hamico - Vietnam
- Mercator Lines Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Barasentosa Lestari - Indonesia
- Medco Energi Mining Internasional
- Romanian Commodities Exchange
- Intertek Mineral Services - Indonesia
- San Jose City I Power Corp, Philippines
- Economic Council, Georgia
- Planning Commission, India
- Indian Oil Corporation Limited
- Port Waratah Coal Services - Australia
- Trasteel International SA, Italy
- Commonwealth Bank - Australia
- ICICI Bank Limited - India
- Indian Energy Exchange, India
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Grasim Industreis Ltd - India
- CNBM International Corporation - China
- Altura Mining Limited, Indonesia
- Petron Corporation, Philippines
- Wood Mackenzie - Singapore
- Orica Mining Services - Indonesia
- Thai Mozambique Logistica
- Attock Cement Pakistan Limited
- Orica Australia Pty. Ltd.
- SN Aboitiz Power Inc, Philippines
- Ministry of Mines - Canada
- Aboitiz Power Corporation - Philippines
- Mintek Dendrill Indonesia
- Electricity Authority, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- Jindal Steel & Power Ltd - India
- Energy Development Corp, Philippines
- GMR Energy Limited - India
- Renaissance Capital - South Africa
- Eastern Coal Council - USA
- New Zealand Coal & Carbon
- Riau Bara Harum - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Agrawal Coal Company - India
- Bhushan Steel Limited - India
- Kartika Selabumi Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Manunggal Multi Energi - Indonesia
- Siam City Cement PLC, Thailand
- Sinarmas Energy and Mining - Indonesia
- Ministry of Transport, Egypt
- Minerals Council of Australia
- Aditya Birla Group - India
- Pendopo Energi Batubara - Indonesia
- Goldman Sachs - Singapore
- Parry Sugars Refinery, India
- Vizag Seaport Private Limited - India
- Singapore Mercantile Exchange
- Videocon Industries ltd - India
- Jaiprakash Power Ventures ltd
- Pipit Mutiara Jaya. PT, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Krishnapatnam Port Company Ltd. - India
- Petrochimia International Co. Ltd.- Taiwan
- White Energy Company Limited
- Georgia Ports Authority, United States
- Cement Manufacturers Association - India
- Meralco Power Generation, Philippines
- Coastal Gujarat Power Limited - India
- Essar Steel Hazira Ltd - India
- Bangladesh Power Developement Board
- Maheswari Brothers Coal Limited - India
- Indogreen Group - Indonesia
- Deloitte Consulting - India
- Bukit Baiduri Energy - Indonesia
- Independent Power Producers Association of India
- Posco Energy - South Korea
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- Xindia Steels Limited - India
- Sindya Power Generating Company Private Ltd
- SMC Global Power, Philippines
- Africa Commodities Group - South Africa
- Baramulti Group, Indonesia
- Uttam Galva Steels Limited - India
- Rio Tinto Coal - Australia
- Wilmar Investment Holdings
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
- Eastern Energy - Thailand
- GVK Power & Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- MS Steel International - UAE
- Sical Logistics Limited - India
- LBH Netherlands Bv - Netherlands
- TeaM Sual Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Siam City Cement - Thailand
- Timah Investasi Mineral - Indoneisa
- Edison Trading Spa - Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vedanta Resources Plc - India
- Maharashtra Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Gujarat Sidhee Cement - India
- Global Green Power PLC Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Bhoruka Overseas - Indonesia
- Anglo American - United Kingdom
- Straits Asia Resources Limited - Singapore
- Globalindo Alam Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Vijayanagar Sugar Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Tata Chemicals Ltd - India
- PTC India Limited - India
- Holcim Trading Pte Ltd - Singapore
- Larsen & Toubro Limited - India
- South Luzon Thermal Energy Corporation
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Salva Resources Pvt Ltd - India
- McConnell Dowell - Australia
- Asmin Koalindo Tuhup - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Mjunction Services Limited - India
- PowerSource Philippines DevCo
- Electricity Generating Authority of Thailand
- SMG Consultants - Indonesia
- Australian Commodity Traders Exchange
- Meenaskhi Energy Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Dalmia Cement Bharat India
- Kalimantan Lumbung Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Metalloyd Limited - United Kingdom
- Standard Chartered Bank - UAE
- Sree Jayajothi Cements Limited - India
- Kepco SPC Power Corporation, Philippines
- Heidelberg Cement - Germany
- Marubeni Corporation - India
- Australian Coal Association
- Star Paper Mills Limited - India
- Indonesian Coal Mining Association
- Interocean Group of Companies - India
- Coalindo Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Price Waterhouse Coopers - Russia
- Kobexindo Tractors - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- OPG Power Generation Pvt Ltd - India
- The University of Queensland
- Latin American Coal - Colombia
- Directorate Of Revenue Intelligence - India
- Bhatia International Limited - India
- Banpu Public Company Limited - Thailand
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- VISA Power Limited - India
- Simpson Spence & Young - Indonesia
- Bulk Trading Sa - Switzerland
- Kideco Jaya Agung - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- London Commodity Brokers - England
- International Coal Ventures Pvt Ltd - India
- Power Finance Corporation Ltd., India
- The State Trading Corporation of India Ltd
- Bayan Resources Tbk. - Indonesia
- Chettinad Cement Corporation Ltd - India
- Lanco Infratech Ltd - India
- Antam Resourcindo - Indonesia
- Kumho Petrochemical, South Korea
- Iligan Light & Power Inc, Philippines
- Ministry of Finance - Indonesia
- PNOC Exploration Corporation - Philippines
- Ambuja Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Chamber of Mines of South Africa
- Coal and Oil Company - UAE
- Tamil Nadu electricity Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Formosa Plastics Group - Taiwan
- Cigading International Bulk Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Oldendorff Carriers - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kaltim Prima Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Borneo Indobara - Indonesia
- Sojitz Corporation - Japan
- Indo Tambangraya Megah - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Malabar Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- ASAPP Information Group - India
- Sakthi Sugars Limited - India
- Parliament of New Zealand
- CIMB Investment Bank - Malaysia
- Central Java Power - Indonesia
- Carbofer General Trading SA - India
- Ind-Barath Power Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
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