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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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Tuesday, 07 April 15
Q3 FOB RICHARDS BAY COAL SWAP CLOSED AT $ 55.96 PMT; DOWN 8.40% M-M
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q2' 2015 declined month over month and week on week.
The Q2 swap has declined U ...
Monday, 06 April 15
INDONESIA'S HBA FIXED AT US$ 64.48 PMT FOR APRIL DELIVERY; DOWN 4.84% M-M
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia revised down Indonesian coal benchmark prices to US$ 64.48 per MT in Apr ...
Monday, 06 April 15
FOB NEWCASTLE COAL SWAP DECLINED 12% MONTH OVER MONTH
COALspot.com: API 5 FOB Newcastle Coal swap for Q2’ 2015 delivery declined US$ 6.23 per MT (-12%) month over month and US$ 0.86 (-1.85%) week ...
Monday, 06 April 15
CFR SOUTH CHINA COAL SWAP FALL CONTINUES
COALspot.com: API 8 CFR South China Coal swap for Q2’ 2015 delivery declined US$ 5.96 (-10.37%) per MT month over month and US$ 0.98 (- ...
Sunday, 05 April 15
FREIGHT RATES UNDER PRESSURE WEEK OVER WEEK
COALspot.com: The Indices fell on all segments and the market seemed to soften this week.
The BDI was almost lost 1.34% week over week and clo ...
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- PowerSource Philippines DevCo
- Sakthi Sugars Limited - India
- Coal and Oil Company - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Coastal Gujarat Power Limited - India
- CNBM International Corporation - China
- Indian Oil Corporation Limited
- Global Green Power PLC Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Savvy Resources Ltd - HongKong
- Bhushan Steel Limited - India
- Borneo Indobara - Indonesia
- Malabar Cements Ltd - India
- Parry Sugars Refinery, India
- Banpu Public Company Limited - Thailand
- Antam Resourcindo - Indonesia
- MS Steel International - UAE
- Sree Jayajothi Cements Limited - India
- Lanco Infratech Ltd - India
- Orica Australia Pty. Ltd.
- Economic Council, Georgia
- Karaikal Port Pvt Ltd - India
- Star Paper Mills Limited - India
- Aditya Birla Group - India
- Electricity Authority, New Zealand
- London Commodity Brokers - England
- Mercuria Energy - Indonesia
- Gujarat Sidhee Cement - India
- Kideco Jaya Agung - Indonesia
- Siam City Cement PLC, Thailand
- Sarangani Energy Corporation, Philippines
- Port Waratah Coal Services - Australia
- Kepco SPC Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Maheswari Brothers Coal Limited - India
- Altura Mining Limited, Indonesia
- Intertek Mineral Services - Indonesia
- Siam City Cement - Thailand
- Edison Trading Spa - Italy
- Indo Tambangraya Megah - Indonesia
- Uttam Galva Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Georgia Ports Authority, United States
- Sical Logistics Limited - India
- Semirara Mining Corp, Philippines
- Trasteel International SA, Italy
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Indika Energy - Indonesia
- Madhucon Powers Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Vedanta Resources Plc - India
- Vizag Seaport Private Limited - India
- Mintek Dendrill Indonesia
- Energy Link Ltd, New Zealand
- Commonwealth Bank - Australia
- Minerals Council of Australia
- Global Coal Blending Company Limited - Australia
- Kumho Petrochemical, South Korea
- Iligan Light & Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Straits Asia Resources Limited - Singapore
- Formosa Plastics Group - Taiwan
- Bayan Resources Tbk. - Indonesia
- IEA Clean Coal Centre - UK
- Central Java Power - Indonesia
- Agrawal Coal Company - India
- Bukit Makmur.PT - Indonesia
- Electricity Generating Authority of Thailand
- Renaissance Capital - South Africa
- Barasentosa Lestari - Indonesia
- PTC India Limited - India
- Romanian Commodities Exchange
- Samtan Co., Ltd - South Korea
- Kobexindo Tractors - Indoneisa
- Africa Commodities Group - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Planning Commission, India
- Gujarat Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- South Luzon Thermal Energy Corporation
- Directorate Of Revenue Intelligence - India
- Australian Coal Association
- Energy Development Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- VISA Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ambuja Cements Ltd - India
- Latin American Coal - Colombia
- Heidelberg Cement - Germany
- Jindal Steel & Power Ltd - India
- Eastern Energy - Thailand
- Posco Energy - South Korea
- Wood Mackenzie - Singapore
- Meralco Power Generation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Simpson Spence & Young - Indonesia
- Chamber of Mines of South Africa
- Ind-Barath Power Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Parliament of New Zealand
- White Energy Company Limited
- Anglo American - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Metalloyd Limited - United Kingdom
- Price Waterhouse Coopers - Russia
- GN Power Mariveles Coal Plant, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Global Business Power Corporation, Philippines
- The Treasury - Australian Government
- Mercator Lines Limited - India
- Ministry of Mines - Canada
- Wilmar Investment Holdings
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
- Medco Energi Mining Internasional
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Independent Power Producers Association of India
- Videocon Industries ltd - India
- Tata Chemicals Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Goldman Sachs - Singapore
- Manunggal Multi Energi - Indonesia
- Jaiprakash Power Ventures ltd
- GVK Power & Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- OPG Power Generation Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Bharathi Cement Corporation - India
- Dalmia Cement Bharat India
- Holcim Trading Pte Ltd - Singapore
- Indonesian Coal Mining Association
- Rashtriya Ispat Nigam Limited - India
- Makarim & Taira - Indonesia
- Orica Mining Services - Indonesia
- Attock Cement Pakistan Limited
- CIMB Investment Bank - Malaysia
- GMR Energy Limited - India
- Indogreen Group - Indonesia
- Marubeni Corporation - India
- PNOC Exploration Corporation - Philippines
- Xindia Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Kohat Cement Company Ltd. - Pakistan
- Standard Chartered Bank - UAE
- Therma Luzon, Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Oldendorff Carriers - Singapore
- Miang Besar Coal Terminal - Indonesia
- Singapore Mercantile Exchange
- Australian Commodity Traders Exchange
- India Bulls Power Limited - India
- Carbofer General Trading SA - India
- Baramulti Group, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- ASAPP Information Group - India
- Mjunction Services Limited - India
- Ministry of Transport, Egypt
- McConnell Dowell - Australia
- GAC Shipping (India) Pvt Ltd
- Meenaskhi Energy Private Limited - India
- Rio Tinto Coal - Australia
- Merrill Lynch Commodities Europe
- European Bulk Services B.V. - Netherlands
- Larsen & Toubro Limited - India
- Salva Resources Pvt Ltd - India
- The University of Queensland
- Alfred C Toepfer International GmbH - Germany
- ICICI Bank Limited - India
- Essar Steel Hazira Ltd - India
- Central Electricity Authority - India
- Kalimantan Lumbung Energi - Indonesia
- Bhatia International Limited - India
- Sojitz Corporation - Japan
- SMG Consultants - Indonesia
- Toyota Tsusho Corporation, Japan
- Bangladesh Power Developement Board
- LBH Netherlands Bv - Netherlands
- Petron Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tamil Nadu electricity Board
- Coalindo Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Kaltim Prima Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Riau Bara Harum - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Thai Mozambique Logistica
- Grasim Industreis Ltd - India
- Ministry of Finance - Indonesia
- Globalindo Alam Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Leighton Contractors Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- New Zealand Coal & Carbon
- Chettinad Cement Corporation Ltd - India
- SMC Global Power, Philippines
- Kapuas Tunggal Persada - Indonesia
- The State Trading Corporation of India Ltd
- Cement Manufacturers Association - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thiess Contractors Indonesia
- San Jose City I Power Corp, Philippines
- Timah Investasi Mineral - Indoneisa
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