We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Saturday, 17 September 22
FITCH RATINGS REVISES GLOBAL METALS & MINING PRICE ASSUMPTIONS
 Fitch Ratings has revised its metals and mining price assumptions reflecting evolving economic growth expectations and demand and supply dynamics.
Short-term assumptions for copper, aluminium, nickel, zinc, iron ore and hard coking coal have been cut, reflecting lower current prices and increasing uncertainties over short-term demand. At the same time short- and medium-term assumptions for thermal coal have been raised reflecting increased demand due to the energy crisis in Europe.
Our reduced copper assumptions for 2022-2023 reflect a global economic slowdown and expectations of weaker demand in the short term compared with supply prospects, which we anticipate to lead to a small surplus in 2023, although the market is likely to remain tight. We expect small demand increases in China in 2022-2023 due to periodic lockdowns and a decline in the country’s construction sector, while consumption growth in other regions is only marginally higher than that in China. Nevertheless, medium-term prospects remain solid due to the energy transition accounting for 50% of growth in global copper demand anticipated over the next five years. Our medium- and long-term assumptions therefore remain unchanged.
We have cut the 2022 iron ore and coking coal price assumptions reflecting ytd pricing on lower steel demand, particularly in China, which leads to steel production curtailments and lower demand for steelmaking inputs, falling steel producers’ margins and build-up of iron ore inventories. At the same time, met coal supply has improved as Australian production recovered and Russian producers redirected some of their output from Europe to Asia. However, the market prices for met coal have bottomed out, while some hard coking coal producers started diverting sales to the thermal coal market, which benefits from high demand and pricing. However, our medium- and long-term views of the iron ore and met coal markets remain unchanged.
The lowered aluminium assumptions for 2022-2023 reflect changing market sentiments that lead to reduced prices in the short term, while market fundamentals and our longer-term assumptions are unchanged. Lower demand, particularly due to weaknesses of the Chinese construction market, will weigh on aluminium prices in the short term. However, rising energy prices could turn production in many markets loss-making, leading to curtailment and shoring up prices from further decline.
We have reduced zinc assumptions for 2022-2023 as inflationary and recessionary pressures and energy issues weigh on demand, while mine production remains flat, leading to market surpluses in the short term. However, price-elastic supply should support market rebalancing in the medium term.
All gold price assumptions remain unchanged, reflecting the metal’s ‘safe haven’ investment status amid high geopolitical instability and inflationary pressures. The market price has been moderating during most of 2022 in line with our expectations of interest-rate hikes, while the strong US dollar will continue pushing the price down. We expect gold prices to moderate in the longer term once geopolitical risks abate and as the interest-rate hiking cycle continues.
Our increased 2022-2025 assumptions for both thermal coal price benchmarks reflect strong demand, particularly from China, against the backdrop of higher energy prices, particular high European gas prices, leading to increased reliance on coal-powered energy generation. The increased price assumptions for 2024-2025 also incorporate higher coal mining costs and limited expected new capacity in the main producing countries. However, our long-term assumptions remain unchanged as consumption in China should gradually decline.
We have cut our nickel price assumption for 2022 reflecting subdued demand from the stainless steel sector, while production levels remain healthy, particularly in Russia and Indonesia. However, long-term demand from electric vehicle production should support longer-term prices.
Source: Fitch Ratings
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 13 February 24
WHAT IS THE OUTLOOK FOR THE NATURAL GAS SPOT PRICE IN 2024 AND 2025? EIA
We expect the U.S. benchmark Henry Hub natural gas spot price to average higher in 2024 and 2025 than in 2023, but to remain lower than $3.00 per m ...
Monday, 12 February 24
US THERMAL COAL EXPORTS HIT 5-YEAR HIGHS AND TOP $5 BLN IN 2023 - REUTERS
United States exporters of thermal coal earned more than $5 billion in 2023 as they shipped out more than 32.5 million metric tons of the high-poll ...
Tuesday, 06 February 24
NEW E-FUELS PROJECT TO MAKE INTERNATIONAL SHIPPING CLIMATE-NEUTRAL - RINA
Transport and trade on the ocean blue must be made much greener. This is the goal of the new €17 million European GAMMA project, where compani ...
Tuesday, 06 February 24
INDIA SEES ANNUAL COAL OUTPUT UP 10.9% IN 2024/25 - REUTERS
India expects domestic coal output to increase by 10.9% to 1.13 billion metric tons in the fiscal year ending March 2025, a senior government offic ...
Tuesday, 06 February 24
INDIA'S COAL PRODUCTION INCREASES BY 10.3% TO 99.73 MILLION TONNE IN JANUARY - PTI
The country’s coal output rose 10.3 per cent to 99.73 Million Tonne (MT) in January, over the same month in the previous fiscal.
...
|
|
|
Showing 36 to 40 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Madhucon Powers Ltd - India
- Ministry of Mines - Canada
- Chettinad Cement Corporation Ltd - India
- Attock Cement Pakistan Limited
- IHS Mccloskey Coal Group - USA
- Holcim Trading Pte Ltd - Singapore
- Savvy Resources Ltd - HongKong
- Kepco SPC Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- White Energy Company Limited
- PTC India Limited - India
- Star Paper Mills Limited - India
- McConnell Dowell - Australia
- ASAPP Information Group - India
- The State Trading Corporation of India Ltd
- Central Electricity Authority - India
- Planning Commission, India
- Agrawal Coal Company - India
- TeaM Sual Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Thiess Contractors Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- GMR Energy Limited - India
- Samtan Co., Ltd - South Korea
- Iligan Light & Power Inc, Philippines
- Bharathi Cement Corporation - India
- Standard Chartered Bank - UAE
- Goldman Sachs - Singapore
- Ministry of Transport, Egypt
- Metalloyd Limited - United Kingdom
- Renaissance Capital - South Africa
- Singapore Mercantile Exchange
- Xindia Steels Limited - India
- Meralco Power Generation, Philippines
- Larsen & Toubro Limited - India
- Deloitte Consulting - India
- Energy Development Corp, Philippines
- Petron Corporation, Philippines
- Malabar Cements Ltd - India
- Indonesian Coal Mining Association
- Bukit Baiduri Energy - Indonesia
- Interocean Group of Companies - India
- Dalmia Cement Bharat India
- Gujarat Sidhee Cement - India
- Karbindo Abesyapradhi - Indoneisa
- Pendopo Energi Batubara - Indonesia
- CIMB Investment Bank - Malaysia
- SMC Global Power, Philippines
- Global Business Power Corporation, Philippines
- Videocon Industries ltd - India
- SN Aboitiz Power Inc, Philippines
- Wood Mackenzie - Singapore
- Altura Mining Limited, Indonesia
- Sarangani Energy Corporation, Philippines
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Merrill Lynch Commodities Europe
- LBH Netherlands Bv - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Medco Energi Mining Internasional
- Commonwealth Bank - Australia
- Riau Bara Harum - Indonesia
- South Luzon Thermal Energy Corporation
- Gujarat Mineral Development Corp Ltd - India
- Karaikal Port Pvt Ltd - India
- The University of Queensland
- Simpson Spence & Young - Indonesia
- Aditya Birla Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chamber of Mines of South Africa
- CNBM International Corporation - China
- Makarim & Taira - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- European Bulk Services B.V. - Netherlands
- SMG Consultants - Indonesia
- International Coal Ventures Pvt Ltd - India
- Central Java Power - Indonesia
- Bukit Makmur.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Energy Link Ltd, New Zealand
- Posco Energy - South Korea
- Georgia Ports Authority, United States
- Bahari Cakrawala Sebuku - Indonesia
- Oldendorff Carriers - Singapore
- Electricity Generating Authority of Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Kapuas Tunggal Persada - Indonesia
- Sindya Power Generating Company Private Ltd
- Mjunction Services Limited - India
- Ind-Barath Power Infra Limited - India
- Indian Oil Corporation Limited
- Jindal Steel & Power Ltd - India
- Romanian Commodities Exchange
- Cigading International Bulk Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Orica Australia Pty. Ltd.
- Bhatia International Limited - India
- Therma Luzon, Inc, Philippines
- Indogreen Group - Indonesia
- Indo Tambangraya Megah - Indonesia
- Electricity Authority, New Zealand
- Coalindo Energy - Indonesia
- Thai Mozambique Logistica
- Directorate Of Revenue Intelligence - India
- Marubeni Corporation - India
- Latin American Coal - Colombia
- Vijayanagar Sugar Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Mercator Lines Limited - India
- Carbofer General Trading SA - India
- Jorong Barutama Greston.PT - Indonesia
- Mintek Dendrill Indonesia
- Semirara Mining and Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Eastern Energy - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Baramulti Group, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Bangladesh Power Developement Board
- Africa Commodities Group - South Africa
- Borneo Indobara - Indonesia
- Price Waterhouse Coopers - Russia
- Ambuja Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Toyota Tsusho Corporation, Japan
- Indika Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Power Finance Corporation Ltd., India
- Jaiprakash Power Ventures ltd
- Ministry of Finance - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Manunggal Multi Energi - Indonesia
- Wilmar Investment Holdings
- Parliament of New Zealand
- PowerSource Philippines DevCo
- Vizag Seaport Private Limited - India
- Formosa Plastics Group - Taiwan
- Sakthi Sugars Limited - India
- Australian Commodity Traders Exchange
- Sical Logistics Limited - India
- ICICI Bank Limited - India
- Grasim Industreis Ltd - India
- Globalindo Alam Lestari - Indonesia
- Independent Power Producers Association of India
- Leighton Contractors Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement - Thailand
- Tamil Nadu electricity Board
- Salva Resources Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Tata Chemicals Ltd - India
- New Zealand Coal & Carbon
- The Treasury - Australian Government
- Krishnapatnam Port Company Ltd. - India
- Indian Energy Exchange, India
- Bulk Trading Sa - Switzerland
- MS Steel International - UAE
- Asmin Koalindo Tuhup - Indonesia
- Lanco Infratech Ltd - India
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- Sojitz Corporation - Japan
- Semirara Mining Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Siam City Cement PLC, Thailand
- GVK Power & Infra Limited - India
- Kumho Petrochemical, South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- VISA Power Limited - India
- Binh Thuan Hamico - Vietnam
- San Jose City I Power Corp, Philippines
- Rio Tinto Coal - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Kobexindo Tractors - Indoneisa
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Edison Trading Spa - Italy
- Uttam Galva Steels Limited - India
- Anglo American - United Kingdom
- Cement Manufacturers Association - India
- Kalimantan Lumbung Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Minerals Council of Australia
- Alfred C Toepfer International GmbH - Germany
- Rashtriya Ispat Nigam Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pipit Mutiara Jaya. PT, Indonesia
- Economic Council, Georgia
- Australian Coal Association
- IEA Clean Coal Centre - UK
- Eastern Coal Council - USA
- Mercuria Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Heidelberg Cement - Germany
- London Commodity Brokers - England
- Port Waratah Coal Services - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Mining Services - Indonesia
- India Bulls Power Limited - India
- Bhushan Steel Limited - India
- Neyveli Lignite Corporation Ltd, - India
|
| |
| |
|
