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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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Friday, 18 September 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 ...
Thursday, 17 September 20
LAST HOPES FOR DEMAND GROWTH SET TO DISAPPOINT THERMAL COAL EXPORTERS - IEEFA
Asian thermal coal exporters are fighting an uphill battle even in new markets
The world’s largest thermal coal exporter is eyeing new m ...
Wednesday, 16 September 20
MARKET INSIGHT - INTERMODAL
Another active week in terms of SnP has concluded in the dry bulk market with a diversified array of transactions recorded. Despite the correction ...
Friday, 11 September 20
IMO 2020: A REVIEW OF THE TRANSITION TO VLSFOS - GARD
KNOWLEDGE TO ELEVATE
Many predictions were made in the run up to the imposition of the MARPOL 2020 sulphur cap, none of which was that the tra ...
Thursday, 10 September 20
U.S. COAL PRODUCTION IN 2020 TO BE 511 MMST, 28 PER CENT LOWER THAN IN 2019 - EIA
EIA expects total U.S. coal production in 2020 to be 511 million short tons (MMst), 194 MMst (28%) lower than in 2019. Mitigation efforts related t ...
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- CNBM International Corporation - China
- Kohat Cement Company Ltd. - Pakistan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhatia International Limited - India
- Coastal Gujarat Power Limited - India
- Bhoruka Overseas - Indonesia
- Mjunction Services Limited - India
- Gujarat Sidhee Cement - India
- Indian Oil Corporation Limited
- Ind-Barath Power Infra Limited - India
- Australian Commodity Traders Exchange
- Karaikal Port Pvt Ltd - India
- ICICI Bank Limited - India
- VISA Power Limited - India
- Price Waterhouse Coopers - Russia
- Semirara Mining and Power Corporation, Philippines
- Central Electricity Authority - India
- Carbofer General Trading SA - India
- Kartika Selabumi Mining - Indonesia
- Edison Trading Spa - Italy
- AsiaOL BioFuels Corp., Philippines
- Cigading International Bulk Terminal - Indonesia
- MS Steel International - UAE
- Wood Mackenzie - Singapore
- Bhushan Steel Limited - India
- Krishnapatnam Port Company Ltd. - India
- Mercuria Energy - Indonesia
- Heidelberg Cement - Germany
- Global Business Power Corporation, Philippines
- Thai Mozambique Logistica
- Posco Energy - South Korea
- Eastern Energy - Thailand
- Timah Investasi Mineral - Indoneisa
- Anglo American - United Kingdom
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Metalloyd Limited - United Kingdom
- Port Waratah Coal Services - Australia
- Orica Australia Pty. Ltd.
- Sakthi Sugars Limited - India
- Larsen & Toubro Limited - India
- Salva Resources Pvt Ltd - India
- Videocon Industries ltd - India
- Agrawal Coal Company - India
- Holcim Trading Pte Ltd - Singapore
- Indian Energy Exchange, India
- Bayan Resources Tbk. - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Uttam Galva Steels Limited - India
- Africa Commodities Group - South Africa
- TeaM Sual Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kalimantan Lumbung Energi - Indonesia
- Indogreen Group - Indonesia
- Electricity Generating Authority of Thailand
- Baramulti Group, Indonesia
- GMR Energy Limited - India
- GN Power Mariveles Coal Plant, Philippines
- ASAPP Information Group - India
- Directorate Of Revenue Intelligence - India
- Kideco Jaya Agung - Indonesia
- Chettinad Cement Corporation Ltd - India
- Ambuja Cements Ltd - India
- Ministry of Finance - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Ministry of Mines - Canada
- Semirara Mining Corp, Philippines
- Central Java Power - Indonesia
- Goldman Sachs - Singapore
- Jaiprakash Power Ventures ltd
- Oldendorff Carriers - Singapore
- Madhucon Powers Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Rio Tinto Coal - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Standard Chartered Bank - UAE
- Intertek Mineral Services - Indonesia
- Cement Manufacturers Association - India
- Malabar Cements Ltd - India
- Parliament of New Zealand
- GAC Shipping (India) Pvt Ltd
- The University of Queensland
- Ministry of Transport, Egypt
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Riau Bara Harum - Indonesia
- Bukit Makmur.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Medco Energi Mining Internasional
- Deloitte Consulting - India
- Therma Luzon, Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- New Zealand Coal & Carbon
- Romanian Commodities Exchange
- Sree Jayajothi Cements Limited - India
- Makarim & Taira - Indonesia
- Singapore Mercantile Exchange
- Kobexindo Tractors - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- India Bulls Power Limited - India
- The Treasury - Australian Government
- Tamil Nadu electricity Board
- Iligan Light & Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Vijayanagar Sugar Pvt Ltd - India
- Petron Corporation, Philippines
- Eastern Coal Council - USA
- Kapuas Tunggal Persada - Indonesia
- Planning Commission, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Grasim Industreis Ltd - India
- Coalindo Energy - Indonesia
- Xindia Steels Limited - India
- Renaissance Capital - South Africa
- SN Aboitiz Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Interocean Group of Companies - India
- LBH Netherlands Bv - Netherlands
- IHS Mccloskey Coal Group - USA
- Commonwealth Bank - Australia
- Samtan Co., Ltd - South Korea
- Pendopo Energi Batubara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- CIMB Investment Bank - Malaysia
- Siam City Cement PLC, Thailand
- South Luzon Thermal Energy Corporation
- Altura Mining Limited, Indonesia
- Kepco SPC Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kumho Petrochemical, South Korea
- Formosa Plastics Group - Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Meenaskhi Energy Private Limited - India
- Vizag Seaport Private Limited - India
- Aditya Birla Group - India
- Antam Resourcindo - Indonesia
- Bharathi Cement Corporation - India
- San Jose City I Power Corp, Philippines
- Trasteel International SA, Italy
- Sinarmas Energy and Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Coal and Oil Company - UAE
- Chamber of Mines of South Africa
- Asmin Koalindo Tuhup - Indonesia
- Economic Council, Georgia
- Indo Tambangraya Megah - Indonesia
- IEA Clean Coal Centre - UK
- Gujarat Mineral Development Corp Ltd - India
- McConnell Dowell - Australia
- Manunggal Multi Energi - Indonesia
- Indika Energy - Indonesia
- Independent Power Producers Association of India
- Meralco Power Generation, Philippines
- Parry Sugars Refinery, India
- Thiess Contractors Indonesia
- Lanco Infratech Ltd - India
- Globalindo Alam Lestari - Indonesia
- White Energy Company Limited
- PTC India Limited - India
- Savvy Resources Ltd - HongKong
- Mintek Dendrill Indonesia
- Aboitiz Power Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Sindya Power Generating Company Private Ltd
- Dalmia Cement Bharat India
- Australian Coal Association
- Pipit Mutiara Jaya. PT, Indonesia
- GVK Power & Infra Limited - India
- Attock Cement Pakistan Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Indonesian Coal Mining Association
- Electricity Authority, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Binh Thuan Hamico - Vietnam
- Kaltim Prima Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Maharashtra Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Bangladesh Power Developement Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PowerSource Philippines DevCo
- Essar Steel Hazira Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Marubeni Corporation - India
- Borneo Indobara - Indonesia
- Barasentosa Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- SMG Consultants - Indonesia
- Bukit Baiduri Energy - Indonesia
- The State Trading Corporation of India Ltd
- Energy Link Ltd, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- Energy Development Corp, Philippines
- Minerals Council of Australia
- Siam City Cement - Thailand
- Maheswari Brothers Coal Limited - India
- Bulk Trading Sa - Switzerland
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- Sical Logistics Limited - India
- Tata Chemicals Ltd - India
- Latin American Coal - Colombia
- Merrill Lynch Commodities Europe
- Toyota Tsusho Corporation, Japan
- Power Finance Corporation Ltd., India
- Vedanta Resources Plc - India
- Jorong Barutama Greston.PT - Indonesia
- Georgia Ports Authority, United States
- Wilmar Investment Holdings
- Star Paper Mills Limited - India
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