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Wednesday, 25 November 15
BIG CHINESE COPPER PROCESSORS DEFEND MARGINS THROUGH R&D, SAYS FITCH
 Large Chinese copper processors are focusing on higher value-added products and investing in R&D to enhance their technical know-how to maintain margin resilience amid a prolonged industry downturn, says Fitch Ratings.
Fitch expects Chinese copper processors to continue to record thin margins due to overcapacity and the sustained weakness in copper prices. Copper product prices may continue to fall more rapidly than the prices of copper cathode and copper scrap - two major raw materials for copper processors - due to slowing demand. At the same time, increasingly stringent labour and environmental protection requirements will raise costs, which will further squeeze processors' profitability. More than 20% of copper processors in China have been posting net losses for the past three years.
However, Fitch expects large companies with R&D capability, technical know-how and economies of scale to record resilient margins. For example, leading players such as Jiangxi Copper Co., Ltd and Tongling Jingda Special Magnet Wire Co., Ltd maintained stable copper processing gross profits of over CNY3,300 (approximately US$ 516.55) per tonne on average in 2014 and 1H15, while many of their smaller peers had gross profit of under CNY1,000 (approximately US$ 156.53) per tonne or posted losses.
Fitch expect large, leading Chinese copper processors to continue to actively invest in R&D of high value-added copper products, diversify their product offerings, and pursue vertical integration. For example, Tongling Nonferrous Metals Group Co., Ltd is developing precision copper foil for use in lithium batteries and other high value-added copper products.
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Sunday, 22 November 15
INDIA COULD PROVIDE SILVER LINING FOR SHIPPING INDUSTRY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The rise of India as a global player in the shipping market could be just a couple of years away, as the country has the potential to become a seco ...
Friday, 20 November 15
U.S. COAL PRODUCTION FOR THE WEEK ENDING NOVEMBER '14; NO CHANGE FROM LAST WEEK
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 16.5 million shor ...
Friday, 20 November 15
NO IMPROVEMENT SEEN IN NEAR-TERM COAL DEMAND; SWAPS CLOSE LOWER
COALspot.com: Indonesian coal swap for delivery Q1 2016 declined month on month and flat on week over week. Price of coal seen no improvements this ...
Friday, 20 November 15
CHANGING CRUDE SUPPLY TRENDS MAY HELP EUROPEAN REFINERS - FITCH RATINGS
COALspot.com: Changes in global oil supply trends, including high Russian production, the expected renewal of Iranian heavy crude exports and the p ...
Thursday, 19 November 15
CHINA STEEL PRODUCTION CAPACITY TO PEAK IN 2016 - FITCH RATINGS
COALspot.com: Fitch Ratings today says that China's steel production capacity is likely to peak in 2016, with capacity elimination over the nex ...
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- Sakthi Sugars Limited - India
- Chettinad Cement Corporation Ltd - India
- Port Waratah Coal Services - Australia
- Standard Chartered Bank - UAE
- Gujarat Sidhee Cement - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Edison Trading Spa - Italy
- Indo Tambangraya Megah - Indonesia
- Cement Manufacturers Association - India
- Central Electricity Authority - India
- Minerals Council of Australia
- GAC Shipping (India) Pvt Ltd
- Alfred C Toepfer International GmbH - Germany
- Price Waterhouse Coopers - Russia
- Madhucon Powers Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indonesian Coal Mining Association
- Grasim Industreis Ltd - India
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- Borneo Indobara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Miang Besar Coal Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- IHS Mccloskey Coal Group - USA
- Vedanta Resources Plc - India
- Aboitiz Power Corporation - Philippines
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- Bhatia International Limited - India
- VISA Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Attock Cement Pakistan Limited
- Kalimantan Lumbung Energi - Indonesia
- Mercuria Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Chamber of Mines of South Africa
- Neyveli Lignite Corporation Ltd, - India
- Lanco Infratech Ltd - India
- PowerSource Philippines DevCo
- The State Trading Corporation of India Ltd
- The University of Queensland
- Economic Council, Georgia
- Georgia Ports Authority, United States
- Directorate Of Revenue Intelligence - India
- Billiton Holdings Pty Ltd - Australia
- GMR Energy Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Maheswari Brothers Coal Limited - India
- Vizag Seaport Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- OPG Power Generation Pvt Ltd - India
- Coalindo Energy - Indonesia
- IEA Clean Coal Centre - UK
- Rio Tinto Coal - Australia
- Australian Commodity Traders Exchange
- Indian Oil Corporation Limited
- PTC India Limited - India
- Deloitte Consulting - India
- White Energy Company Limited
- Kapuas Tunggal Persada - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement - Thailand
- Energy Link Ltd, New Zealand
- Tata Chemicals Ltd - India
- Ambuja Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Binh Thuan Hamico - Vietnam
- Ceylon Electricity Board - Sri Lanka
- San Jose City I Power Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Mercator Lines Limited - India
- Marubeni Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Kumho Petrochemical, South Korea
- Semirara Mining and Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Romanian Commodities Exchange
- Karaikal Port Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Orica Australia Pty. Ltd.
- ASAPP Information Group - India
- Krishnapatnam Port Company Ltd. - India
- Bharathi Cement Corporation - India
- Rashtriya Ispat Nigam Limited - India
- TeaM Sual Corporation - Philippines
- Independent Power Producers Association of India
- Kohat Cement Company Ltd. - Pakistan
- Aditya Birla Group - India
- Bukit Makmur.PT - Indonesia
- Petron Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Energy Exchange, India
- Siam City Cement PLC, Thailand
- Bhoruka Overseas - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Sindya Power Generating Company Private Ltd
- Videocon Industries ltd - India
- SMC Global Power, Philippines
- Sojitz Corporation - Japan
- Makarim & Taira - Indonesia
- Heidelberg Cement - Germany
- Australian Coal Association
- Leighton Contractors Pty Ltd - Australia
- Baramulti Group, Indonesia
- Wood Mackenzie - Singapore
- Kideco Jaya Agung - Indonesia
- Antam Resourcindo - Indonesia
- Medco Energi Mining Internasional
- Interocean Group of Companies - India
- Star Paper Mills Limited - India
- Coal and Oil Company - UAE
- Planning Commission, India
- Sical Logistics Limited - India
- Holcim Trading Pte Ltd - Singapore
- Sarangani Energy Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Electricity Generating Authority of Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Latin American Coal - Colombia
- McConnell Dowell - Australia
- Kobexindo Tractors - Indoneisa
- Mintek Dendrill Indonesia
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Manunggal Multi Energi - Indonesia
- Oldendorff Carriers - Singapore
- Thiess Contractors Indonesia
- Essar Steel Hazira Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Meenaskhi Energy Private Limited - India
- Toyota Tsusho Corporation, Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining Corp, Philippines
- Intertek Mineral Services - Indonesia
- Anglo American - United Kingdom
- Coastal Gujarat Power Limited - India
- Goldman Sachs - Singapore
- Savvy Resources Ltd - HongKong
- Straits Asia Resources Limited - Singapore
- MS Steel International - UAE
- Uttam Galva Steels Limited - India
- Merrill Lynch Commodities Europe
- Eastern Energy - Thailand
- GVK Power & Infra Limited - India
- Meralco Power Generation, Philippines
- Posco Energy - South Korea
- Xindia Steels Limited - India
- Bulk Trading Sa - Switzerland
- Global Business Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Therma Luzon, Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jorong Barutama Greston.PT - Indonesia
- Commonwealth Bank - Australia
- Central Java Power - Indonesia
- London Commodity Brokers - England
- Altura Mining Limited, Indonesia
- Larsen & Toubro Limited - India
- Tamil Nadu electricity Board
- Ministry of Transport, Egypt
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Finance - Indonesia
- Bayan Resources Tbk. - Indonesia
- Indogreen Group - Indonesia
- New Zealand Coal & Carbon
- Sinarmas Energy and Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- SMG Consultants - Indonesia
- CNBM International Corporation - China
- Power Finance Corporation Ltd., India
- Ind-Barath Power Infra Limited - India
- Eastern Coal Council - USA
- Africa Commodities Group - South Africa
- Globalindo Alam Lestari - Indonesia
- Renaissance Capital - South Africa
- Singapore Mercantile Exchange
- Orica Mining Services - Indonesia
- Malabar Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Indika Energy - Indonesia
- Parliament of New Zealand
- International Coal Ventures Pvt Ltd - India
- Wilmar Investment Holdings
- Simpson Spence & Young - Indonesia
- ICICI Bank Limited - India
- Carbofer General Trading SA - India
- Electricity Authority, New Zealand
- Ministry of Mines - Canada
- Jaiprakash Power Ventures ltd
- PetroVietnam Power Coal Import and Supply Company
- India Bulls Power Limited - India
- Formosa Plastics Group - Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- The Treasury - Australian Government
- Sree Jayajothi Cements Limited - India
- Bangladesh Power Developement Board
- SN Aboitiz Power Inc, Philippines
- Bhushan Steel Limited - India
- Parry Sugars Refinery, India
- Riau Bara Harum - Indonesia
- Agrawal Coal Company - India
- Offshore Bulk Terminal Pte Ltd, Singapore
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