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Wednesday, 18 June 14
CHINESE STEEL PRODUCTION SETS RECORD DURING FIRST TEN DAYS OF JUNE - COMMODORE RESEARCH & CONSULTANCY
Recently released data shows that average daily crude steel production at China's key steel mills hit a record high of 1.833 million tons during the first ten days of this month. Previously, daily crude steel production at China's key steel mills during the last eleven days of May averaged 1.767 million tons - which was a high level, although down from the previous record of 1.824 million tons seen during the first ten days of May. It is very encouraging that Chinese steel production has set another record this month.
As we have continued to stress, Chinese steel production has remained very strong during the last several months. While Chinese steel production normally comes under a small amount of pressure in June (while still remaining at robust levels), it is very encouraging and not surprising that production has set a record this month. As we have been discussing in our Weekly Dry Bulk Reports and Weekly China Reports, demand for steel in China has remained firm as the government continues to green light new infrastructure projects and works towards further stimulating the economy. In addition, low iron ore prices have allowed profit margins at Chinese steel mills to improve significantly since the start of this year. Global demand for Chinese steel exports has also remained robust, even as global steel production has also set a new record this year.
Record steel production means record iron ore consumption. Overall, Chinese iron ore consumption has remained robust this year and Chinese iron ore imports have continued to surge. Chinese steel mills continue to purchase a record amount of iron ore imports this year, with Chinese iron ore imports this year up by approximately 20% from last year's record level. Going forward, Australian and Brazilian iron ore production is set to surge even further and steel mills will continue to happily purchase low-priced high quality iron ore from Australia and Brazil. At the same time, more Chinese domestic iron ore mines will likely suspend iron ore production as they can't compete with Australian and Brazilian mines with much lower costs. Seaborne iron ore trade is poised to remain robust.
Source: Commodore Research & Consultancy
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Sunday, 15 June 14
COAL FREIGHT RATES FALL FURTHER ON LACK OF DEMANDS - CAPT. REDDY
COALspot.com: The BDI softened this week as all segments fell this week. The Panamax sector being most affected. The Cape index was down 3.51 pct w ...
Friday, 13 June 14
US COAL PRODUCTION FELL 3% IN WEEK THAT ENDED JUNE 7, SAYS EIA
COALspot.com – United States the world's second largest coal producer, produced approximately 18.6 million short tons (mmst) of coal in a ...
Friday, 13 June 14
DRY BULK MARKET KEEPS ON FALLING, DESPITE RESPITE OF THE CAPESIZE SECTOR - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has kept on its lacklustre performance overall, with the Baltic Dry Index (BDI) still hovering below the 1,000 point mark. Yest ...
Thursday, 12 June 14
INDONESIA SETS HBA FOR MONTH OF JUNE AT US$ 73.64
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia has revised up first time in last four months the coal bench mark price. ...
Thursday, 12 June 14
HANDY : TA MARKET IS CONTINUING SOUTH WITH A DECREASE OF 26% W-O-W
Handy
The week started off with holidays in most European countries and the TA market is continuing south with a decrease of 26% w-o-w. We do see ...
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- Marubeni Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- ASAPP Information Group - India
- Meralco Power Generation, Philippines
- Star Paper Mills Limited - India
- Simpson Spence & Young - Indonesia
- Jindal Steel & Power Ltd - India
- Attock Cement Pakistan Limited
- Essar Steel Hazira Ltd - India
- Altura Mining Limited, Indonesia
- Uttam Galva Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Romanian Commodities Exchange
- Semirara Mining Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Malabar Cements Ltd - India
- Xindia Steels Limited - India
- LBH Netherlands Bv - Netherlands
- New Zealand Coal & Carbon
- Electricity Authority, New Zealand
- Vedanta Resources Plc - India
- Central Electricity Authority - India
- Central Java Power - Indonesia
- Coastal Gujarat Power Limited - India
- Posco Energy - South Korea
- Australian Coal Association
- GMR Energy Limited - India
- Bhoruka Overseas - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tata Chemicals Ltd - India
- Intertek Mineral Services - Indonesia
- London Commodity Brokers - England
- Wilmar Investment Holdings
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chamber of Mines of South Africa
- Cement Manufacturers Association - India
- Neyveli Lignite Corporation Ltd, - India
- Sree Jayajothi Cements Limited - India
- Bayan Resources Tbk. - Indonesia
- Bhatia International Limited - India
- Global Coal Blending Company Limited - Australia
- Ministry of Mines - Canada
- Thai Mozambique Logistica
- Binh Thuan Hamico - Vietnam
- Bhushan Steel Limited - India
- White Energy Company Limited
- Siam City Cement PLC, Thailand
- The University of Queensland
- Asmin Koalindo Tuhup - Indonesia
- Economic Council, Georgia
- PetroVietnam Power Coal Import and Supply Company
- Leighton Contractors Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Indian Energy Exchange, India
- Kartika Selabumi Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Coal and Oil Company - UAE
- McConnell Dowell - Australia
- Minerals Council of Australia
- Energy Link Ltd, New Zealand
- Kepco SPC Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Globalindo Alam Lestari - Indonesia
- Petron Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Salva Resources Pvt Ltd - India
- Coalindo Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Australian Commodity Traders Exchange
- Aboitiz Power Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Thiess Contractors Indonesia
- Global Green Power PLC Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Larsen & Toubro Limited - India
- Sakthi Sugars Limited - India
- Global Business Power Corporation, Philippines
- India Bulls Power Limited - India
- Riau Bara Harum - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Renaissance Capital - South Africa
- Chettinad Cement Corporation Ltd - India
- The Treasury - Australian Government
- Madhucon Powers Ltd - India
- Energy Development Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Videocon Industries ltd - India
- Ambuja Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Port Waratah Coal Services - Australia
- PTC India Limited - India
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- Trasteel International SA, Italy
- Metalloyd Limited - United Kingdom
- Independent Power Producers Association of India
- Indian Oil Corporation Limited
- Goldman Sachs - Singapore
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- Dalmia Cement Bharat India
- Ceylon Electricity Board - Sri Lanka
- Bukit Asam (Persero) Tbk - Indonesia
- Borneo Indobara - Indonesia
- Eastern Energy - Thailand
- Alfred C Toepfer International GmbH - Germany
- IEA Clean Coal Centre - UK
- Commonwealth Bank - Australia
- CNBM International Corporation - China
- Mercator Lines Limited - India
- Aditya Birla Group - India
- International Coal Ventures Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Krishnapatnam Port Company Ltd. - India
- Kobexindo Tractors - Indoneisa
- Sojitz Corporation - Japan
- Price Waterhouse Coopers - Russia
- Formosa Plastics Group - Taiwan
- Ministry of Transport, Egypt
- Medco Energi Mining Internasional
- Sinarmas Energy and Mining - Indonesia
- Deloitte Consulting - India
- Eastern Coal Council - USA
- South Luzon Thermal Energy Corporation
- GAC Shipping (India) Pvt Ltd
- Mjunction Services Limited - India
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Antam Resourcindo - Indonesia
- Banpu Public Company Limited - Thailand
- Indonesian Coal Mining Association
- Lanco Infratech Ltd - India
- Kaltim Prima Coal - Indonesia
- Bharathi Cement Corporation - India
- CIMB Investment Bank - Malaysia
- Vizag Seaport Private Limited - India
- Tamil Nadu electricity Board
- Directorate Of Revenue Intelligence - India
- Anglo American - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- TeaM Sual Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Ministry of Finance - Indonesia
- Indika Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- The State Trading Corporation of India Ltd
- Billiton Holdings Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Karaikal Port Pvt Ltd - India
- Makarim & Taira - Indonesia
- Bukit Baiduri Energy - Indonesia
- Gujarat Sidhee Cement - India
- Holcim Trading Pte Ltd - Singapore
- Baramulti Group, Indonesia
- Bangladesh Power Developement Board
- Sarangani Energy Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Carbofer General Trading SA - India
- Bukit Makmur.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Sical Logistics Limited - India
- Agrawal Coal Company - India
- IHS Mccloskey Coal Group - USA
- Maheswari Brothers Coal Limited - India
- San Jose City I Power Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- VISA Power Limited - India
- European Bulk Services B.V. - Netherlands
- Sindya Power Generating Company Private Ltd
- Kohat Cement Company Ltd. - Pakistan
- Rio Tinto Coal - Australia
- Edison Trading Spa - Italy
- ICICI Bank Limited - India
- Barasentosa Lestari - Indonesia
- Parliament of New Zealand
- Parry Sugars Refinery, India
- Therma Luzon, Inc, Philippines
- Indogreen Group - Indonesia
- Electricity Generating Authority of Thailand
- Kumho Petrochemical, South Korea
- SN Aboitiz Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Singapore Mercantile Exchange
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- Toyota Tsusho Corporation, Japan
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- Planning Commission, India
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Merrill Lynch Commodities Europe
- SMG Consultants - Indonesia
- Standard Chartered Bank - UAE
- Grasim Industreis Ltd - India
- Latin American Coal - Colombia
- Ind-Barath Power Infra Limited - India
- Orica Mining Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Timah Investasi Mineral - Indoneisa
- Samtan Co., Ltd - South Korea
- Bulk Trading Sa - Switzerland
- MS Steel International - UAE
- Georgia Ports Authority, United States
- Heidelberg Cement - Germany
- Miang Besar Coal Terminal - Indonesia
- Oldendorff Carriers - Singapore
- AsiaOL BioFuels Corp., Philippines
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