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Friday, 24 April 15
CHINA IRON ORE MINE CLOSURES TO SLOW ON GOVERNMENT SUPPORT - FITCH
 Fitch Ratings expects fewer Chinese iron ore mine closures in 2015 as the government takes steps to support the industry, which has been struggling with lower prices, and as most of the remaining mines have better attributes.
Fitch expects the government to continue introducing direct or indirect subsidies to support iron ore miners after a sharp downturn in iron ore prices in 2014 forced a slew of mines to close and increased China's reliance on imports, which reached an all-time high in 2014. The Chinese government recently said it would halve the resource tax on domestic iron ore producers to 40% from 80% from 1 May 2015, which would result in cost savings of about CNY6-15 a tonne for the miners.
Iron ore capacities in China that are still surviving either operate at lower costs, have higher grade products, are vertically integrated with steel mills, or are state-owned, which would make them less susceptible to closure.
According to the China Steel Association, the country's iron ore imports rose 13.8% in 2014 to 933 million tonnes, accounting for 78.5% of national consumption, and a 9.7pp increase from the previous year. Imports will continue to rise in 2015 as more Chinese miners shut, which will further strengthen the bargaining power of large international iron ore producers, something the Chinese government and the domestic steel industry would not want to see.
Chinese producers generally have higher production costs than their large global peers, and have struggled to compete as cheaper supply continued to flood the market. The industry association in China estimates that over 50% of Chinese iron ore mines produce at a cash cost of more than CNY500/tonne (USD81/tonne), compared with large global miners' USD20 35/tonne. Support from the Chinese government would provide a lifeline to keep domestic supply in the market for longer than would be otherwise possible.
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Friday, 24 April 15
IS INDIA THE 'NEW CHINA' WHEN IT COMES TO THE DRY BULK MARKET? - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has been feeling the “heat” of China’s slowdown and together with the industry’s own failings, with ove ...
Friday, 24 April 15
GLOBAL STEEL PRODUCTION OUTSIDE OF CHINA CONTINUES TO FARE VERY POORLY - JEFFREY LANDSBERG
COALspot.com: Data released this week showed that global crude steel production totaled approximately 138.05 million tons in March.
Wha ...
Friday, 24 April 15
WEEKLY U.S. COAL PRODUCTION ESTIMATE FALLS 5.7% FROM LAST WEEK
COALspot.com – United States the second largest coal producer in the world has produced approximately totaled an estimated 17.0 million short ...
Wednesday, 22 April 15
PANAMAX : ATLANTIC HOLDING ON TO THE GAINS OF THE PREVIOUS WEEK; PACIFIC BUSINESS SLID QUIETLY
COALspot.com: The Dry Bulk market managed to close off the week on a positive note last Friday, while as opposed to what we have been used to, it w ...
Wednesday, 22 April 15
TANKER MARKET INSIGHT - STRATOS TINIAKOS
The current environment we experience as a result of low crude oil prices is characterized by the increased demand for petroleum products in OECD c ...
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- Leighton Contractors Pty Ltd - Australia
- ASAPP Information Group - India
- Eastern Coal Council - USA
- Bhatia International Limited - India
- Bulk Trading Sa - Switzerland
- Sakthi Sugars Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Videocon Industries ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Karaikal Port Pvt Ltd - India
- Bangladesh Power Developement Board
- Dalmia Cement Bharat India
- Eastern Energy - Thailand
- Australian Commodity Traders Exchange
- PTC India Limited - India
- Standard Chartered Bank - UAE
- Latin American Coal - Colombia
- VISA Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Kaltim Prima Coal - Indonesia
- Sical Logistics Limited - India
- LBH Netherlands Bv - Netherlands
- Sarangani Energy Corporation, Philippines
- Romanian Commodities Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sree Jayajothi Cements Limited - India
- Savvy Resources Ltd - HongKong
- South Luzon Thermal Energy Corporation
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Bayan Resources Tbk. - Indonesia
- Uttam Galva Steels Limited - India
- Central Java Power - Indonesia
- The Treasury - Australian Government
- Rio Tinto Coal - Australia
- Petrochimia International Co. Ltd.- Taiwan
- PowerSource Philippines DevCo
- CNBM International Corporation - China
- Metalloyd Limited - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Meralco Power Generation, Philippines
- Riau Bara Harum - Indonesia
- Edison Trading Spa - Italy
- Krishnapatnam Port Company Ltd. - India
- New Zealand Coal & Carbon
- Manunggal Multi Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- IEA Clean Coal Centre - UK
- Chamber of Mines of South Africa
- Malabar Cements Ltd - India
- Wood Mackenzie - Singapore
- Simpson Spence & Young - Indonesia
- Bhushan Steel Limited - India
- CIMB Investment Bank - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Grasim Industreis Ltd - India
- Ministry of Finance - Indonesia
- Kobexindo Tractors - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Vizag Seaport Private Limited - India
- Port Waratah Coal Services - Australia
- Jindal Steel & Power Ltd - India
- Therma Luzon, Inc, Philippines
- Mjunction Services Limited - India
- Meenaskhi Energy Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Central Electricity Authority - India
- TeaM Sual Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Authority, New Zealand
- International Coal Ventures Pvt Ltd - India
- Deloitte Consulting - India
- Tamil Nadu electricity Board
- Aditya Birla Group - India
- Mercator Lines Limited - India
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- Independent Power Producers Association of India
- Posco Energy - South Korea
- Heidelberg Cement - Germany
- Star Paper Mills Limited - India
- Thai Mozambique Logistica
- Ceylon Electricity Board - Sri Lanka
- Coastal Gujarat Power Limited - India
- Samtan Co., Ltd - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Kideco Jaya Agung - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Carbofer General Trading SA - India
- Xindia Steels Limited - India
- Bharathi Cement Corporation - India
- Indo Tambangraya Megah - Indonesia
- Parry Sugars Refinery, India
- GVK Power & Infra Limited - India
- ICICI Bank Limited - India
- Pendopo Energi Batubara - Indonesia
- Kumho Petrochemical, South Korea
- GMR Energy Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- The University of Queensland
- India Bulls Power Limited - India
- Indogreen Group - Indonesia
- Merrill Lynch Commodities Europe
- Formosa Plastics Group - Taiwan
- Goldman Sachs - Singapore
- Energy Link Ltd, New Zealand
- Binh Thuan Hamico - Vietnam
- Energy Development Corp, Philippines
- Siam City Cement PLC, Thailand
- Directorate General of MIneral and Coal - Indonesia
- Agrawal Coal Company - India
- Kalimantan Lumbung Energi - Indonesia
- Petron Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Renaissance Capital - South Africa
- MS Steel International - UAE
- Orica Mining Services - Indonesia
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- Ministry of Mines - Canada
- Australian Coal Association
- Georgia Ports Authority, United States
- Indian Oil Corporation Limited
- Kapuas Tunggal Persada - Indonesia
- Bhoruka Overseas - Indonesia
- Barasentosa Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Cement Manufacturers Association - India
- Ind-Barath Power Infra Limited - India
- Jaiprakash Power Ventures ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Lanco Infratech Ltd - India
- OPG Power Generation Pvt Ltd - India
- Vedanta Resources Plc - India
- Global Business Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Banpu Public Company Limited - Thailand
- Africa Commodities Group - South Africa
- Mintek Dendrill Indonesia
- London Commodity Brokers - England
- Directorate Of Revenue Intelligence - India
- AsiaOL BioFuels Corp., Philippines
- Gujarat Sidhee Cement - India
- Semirara Mining and Power Corporation, Philippines
- White Energy Company Limited
- SMC Global Power, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wilmar Investment Holdings
- Ambuja Cements Ltd - India
- Planning Commission, India
- The State Trading Corporation of India Ltd
- Toyota Tsusho Corporation, Japan
- Maharashtra Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Baramulti Group, Indonesia
- Oldendorff Carriers - Singapore
- Indonesian Coal Mining Association
- Trasteel International SA, Italy
- Anglo American - United Kingdom
- Price Waterhouse Coopers - Russia
- Power Finance Corporation Ltd., India
- Interocean Group of Companies - India
- Borneo Indobara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Marubeni Corporation - India
- Makarim & Taira - Indonesia
- Straits Asia Resources Limited - Singapore
- Larsen & Toubro Limited - India
- Coalindo Energy - Indonesia
- Thiess Contractors Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parliament of New Zealand
- Salva Resources Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bukit Baiduri Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- SN Aboitiz Power Inc, Philippines
- Tata Chemicals Ltd - India
- Antam Resourcindo - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Minerals Council of Australia
- Mercuria Energy - Indonesia
- Ministry of Transport, Egypt
- Global Green Power PLC Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- European Bulk Services B.V. - Netherlands
- Essar Steel Hazira Ltd - India
- Maheswari Brothers Coal Limited - India
- Coal and Oil Company - UAE
- Medco Energi Mining Internasional
- Madhucon Powers Ltd - India
- Singapore Mercantile Exchange
- Electricity Generating Authority of Thailand
- Global Coal Blending Company Limited - Australia
- SMG Consultants - Indonesia
- Miang Besar Coal Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Semirara Mining Corp, Philippines
- Economic Council, Georgia
- Bahari Cakrawala Sebuku - Indonesia
- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- Kartika Selabumi Mining - Indonesia
- McConnell Dowell - Australia
- Altura Mining Limited, Indonesia
- San Jose City I Power Corp, Philippines
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