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Wednesday, 07 July 10
MACQUARIE SEES CHINA COMMODITIES PRICE FALLS AND CUTBACKS AHEAD - MINEWEB
MineWeb reported that, The research arm of Australia's Macquarie Bank - one of the most reliable of China watchers - in its latest briefing on Chinese commodities, cautions that although growth is continuing year on year for most commodities, the drop in prices seen in June could cause cutbacks ahead - a trend already apparent in the country's vast steel industry. Aluminium output cutbacks are also seen as highly likely as current pricing is currently well below the marginal cost of production.
"Production and trade data for May", notes Macquarie, "showed a continuation of the recent trend of slowing net imports as domestic production returns. Apparent consumption ticked up in May for several commodities, although production cuts are expected for some in the coming months, and we are likely to see apparent consumption slow in line with broader macro economic indicators."
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“While Chinese commodity consumption has been growing so far this year there are signs that there could be slippage ahead - already being seen in the vast steel sector.”
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"Massive year-on-year growth in output of most commodities reflects a reopening of domestic capacity that was forced to shut down due to low prices at the start of 2009. While production has been strong over the first five months of 2010, the sharp drop in prices over June could lead to production of several commodities being cut back."
As an example of the change in market patterns in China, Macquarie has seen imports of refined metal falling over the first half of the year as Chinese domestic refining facilities have re-opened, but imports of bulk commodities like iron ore, steel scrap and in particular, coal (up 189% y-o-y), but on the latest monthly figures these now appear to be on the decline with coal imports, for example, falling from 13 million tonnes in March to 9.5 million tonnes in May.
Overall though, the May figures from China showed that domestic production has kept consumption high for most commodities. "Aluminium, copper, zinc, lead and coal all saw apparent consumption tick up in May over April" reckons Macquarie, "However, given that we expect production cuts in aluminium, lead and zinc in the near term, this trend could be reversed for some."
Source: Mineweb
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Tuesday, 06 July 10
SHENHUA GROUPS 2013 PROFIT MAY EXCEED $15 BILLION - BUSINESS WEEK
Business Week reported that, Shenhua Group Corp., China’s biggest coal producer, expects profit to exceed 100 billion yuan ($15 billion) by 20 ...
Saturday, 03 July 10
THE FREIGHT MARKET CONTINUES TO BE UNCERTAIN - CAPT. REDDY
COALspot.com: The market continues to soften and the most affect sector was Panamax which was down by almost 20 pct and closed at 2447 points. The C ...
Friday, 02 July 10
SARDA ENERGY TO ACQUIRE COAL MINES IN INDONESIA
India Info Line reported that, Sarda Energy & Minerals Ltd has announced that the authorities in Indonesia have granted the Environment Cle ...
Friday, 02 July 10
DRY BULK MARKET ON A FREEFALL, REACHING ITS LOWEST IN 9 MONTHS
The Baltic Dry Index is off to break more negative records this week, as the dry bulk shipping industry’s main benchmark has failed to find ro ...
Friday, 02 July 10
PROPOSED MINERAL RESOURCE RENT TAX - PRESS RELEASE (2)
Press Release: BHP Billiton, Rio Tinto and Xstrata said today that they are encouraged by the Federal Government’s announcement that it propos ...
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- LBH Netherlands Bv - Netherlands
- Ministry of Mines - Canada
- Jindal Steel & Power Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Goldman Sachs - Singapore
- Mintek Dendrill Indonesia
- The Treasury - Australian Government
- Makarim & Taira - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Parliament of New Zealand
- Indonesian Coal Mining Association
- Chettinad Cement Corporation Ltd - India
- Kepco SPC Power Corporation, Philippines
- SMC Global Power, Philippines
- Planning Commission, India
- Mercuria Energy - Indonesia
- Ambuja Cements Ltd - India
- India Bulls Power Limited - India
- Agrawal Coal Company - India
- Petron Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Ministry of Transport, Egypt
- Bhoruka Overseas - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Pendopo Energi Batubara - Indonesia
- Binh Thuan Hamico - Vietnam
- OPG Power Generation Pvt Ltd - India
- Edison Trading Spa - Italy
- Sojitz Corporation - Japan
- Petrochimia International Co. Ltd.- Taiwan
- Maheswari Brothers Coal Limited - India
- Tamil Nadu electricity Board
- TNB Fuel Sdn Bhd - Malaysia
- Bharathi Cement Corporation - India
- Barasentosa Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Ministry of Finance - Indonesia
- Electricity Authority, New Zealand
- Mjunction Services Limited - India
- Marubeni Corporation - India
- IHS Mccloskey Coal Group - USA
- Eastern Coal Council - USA
- Wood Mackenzie - Singapore
- Globalindo Alam Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GVK Power & Infra Limited - India
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- ASAPP Information Group - India
- Coastal Gujarat Power Limited - India
- Savvy Resources Ltd - HongKong
- Independent Power Producers Association of India
- Antam Resourcindo - Indonesia
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- Indika Energy - Indonesia
- Australian Coal Association
- Formosa Plastics Group - Taiwan
- Semirara Mining and Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Indian Energy Exchange, India
- Bangladesh Power Developement Board
- Orica Australia Pty. Ltd.
- TeaM Sual Corporation - Philippines
- Minerals Council of Australia
- IEA Clean Coal Centre - UK
- Global Business Power Corporation, Philippines
- CNBM International Corporation - China
- Deloitte Consulting - India
- Rio Tinto Coal - Australia
- Jorong Barutama Greston.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Cement Manufacturers Association - India
- Meenaskhi Energy Private Limited - India
- Ind-Barath Power Infra Limited - India
- Salva Resources Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Interocean Group of Companies - India
- Power Finance Corporation Ltd., India
- White Energy Company Limited
- Bulk Trading Sa - Switzerland
- Vijayanagar Sugar Pvt Ltd - India
- Thai Mozambique Logistica
- Bhushan Steel Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Meralco Power Generation, Philippines
- Cigading International Bulk Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- Billiton Holdings Pty Ltd - Australia
- Economic Council, Georgia
- PetroVietnam Power Coal Import and Supply Company
- Georgia Ports Authority, United States
- Riau Bara Harum - Indonesia
- Energy Link Ltd, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GAC Shipping (India) Pvt Ltd
- Trasteel International SA, Italy
- Port Waratah Coal Services - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Oldendorff Carriers - Singapore
- Electricity Generating Authority of Thailand
- Energy Development Corp, Philippines
- PNOC Exploration Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- London Commodity Brokers - England
- Iligan Light & Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Larsen & Toubro Limited - India
- Lanco Infratech Ltd - India
- New Zealand Coal & Carbon
- Dalmia Cement Bharat India
- Indian Oil Corporation Limited
- Grasim Industreis Ltd - India
- Eastern Energy - Thailand
- Sical Logistics Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement PLC, Thailand
- Anglo American - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- The State Trading Corporation of India Ltd
- Renaissance Capital - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Orica Mining Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- MS Steel International - UAE
- Krishnapatnam Port Company Ltd. - India
- SMG Consultants - Indonesia
- Sree Jayajothi Cements Limited - India
- Xindia Steels Limited - India
- Aditya Birla Group - India
- Kohat Cement Company Ltd. - Pakistan
- Karaikal Port Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Simpson Spence & Young - Indonesia
- Borneo Indobara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Singapore Mercantile Exchange
- Wilmar Investment Holdings
- South Luzon Thermal Energy Corporation
- Parry Sugars Refinery, India
- Straits Asia Resources Limited - Singapore
- Malabar Cements Ltd - India
- Vedanta Resources Plc - India
- Coal and Oil Company - UAE
- Siam City Cement - Thailand
- Sarangani Energy Corporation, Philippines
- Bhatia International Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- The University of Queensland
- Gujarat Sidhee Cement - India
- Semirara Mining Corp, Philippines
- ICICI Bank Limited - India
- Indogreen Group - Indonesia
- PowerSource Philippines DevCo
- Commonwealth Bank - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Metalloyd Limited - United Kingdom
- Videocon Industries ltd - India
- Central Java Power - Indonesia
- Central Electricity Authority - India
- Africa Commodities Group - South Africa
- San Jose City I Power Corp, Philippines
- Medco Energi Mining Internasional
- Carbofer General Trading SA - India
- Aboitiz Power Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Kideco Jaya Agung - Indonesia
- Global Green Power PLC Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Sindya Power Generating Company Private Ltd
- Jaiprakash Power Ventures ltd
- Alfred C Toepfer International GmbH - Germany
- Price Waterhouse Coopers - Russia
- VISA Power Limited - India
- Star Paper Mills Limited - India
- Standard Chartered Bank - UAE
- Directorate Of Revenue Intelligence - India
- Rashtriya Ispat Nigam Limited - India
- Coalindo Energy - Indonesia
- Vizag Seaport Private Limited - India
- PTC India Limited - India
- Gujarat Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Sakthi Sugars Limited - India
- Kobexindo Tractors - Indoneisa
- Chamber of Mines of South Africa
- Madhucon Powers Ltd - India
- Baramulti Group, Indonesia
- Mercator Lines Limited - India
- Manunggal Multi Energi - Indonesia
- Uttam Galva Steels Limited - India
- Australian Commodity Traders Exchange
- McConnell Dowell - Australia
- Altura Mining Limited, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kumho Petrochemical, South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Attock Cement Pakistan Limited
- Indo Tambangraya Megah - Indonesia
- GMR Energy Limited - India
- Intertek Mineral Services - Indonesia
- Therma Luzon, Inc, Philippines
- Heidelberg Cement - Germany
- European Bulk Services B.V. - Netherlands
- Kaltim Prima Coal - Indonesia
- Latin American Coal - Colombia
- Thiess Contractors Indonesia
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