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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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Thursday, 19 November 15
Q3' 16 RICHARDS BAY COAL SWAP CLOSED 9% LOWER THAN Q1' 16 DELIVERY PRICE
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q1’ 2016 up week over week and month over month.
The Q1’ 2016 swa ...
Thursday, 19 November 15
RATES FOR CAPES KEPT MOVING SOUTH - INTERMODAL
COALspot.com: With the BDI currently standing at less than 30 points above the historical lows marked in February this year and with activity acros ...
Wednesday, 18 November 15
MARKET (SHIPPING) INSIGHT - THEODORE NTALAKOS
Supply VS Demand
According to data from the IMF, global growth for 2015 is projected at 3.1 percent, 0.3 percentage point lower than in 2014, ...
Tuesday, 17 November 15
KOMIPO INVITES BIDS FOR (SEMI) ANTHRACITE COAL FOR SEOCHEON POWER PLANT
COALspot.com: South Korean state-owned utility Korea Midland Power (KOMIPO) issued an new tender for 70,000 Metric Tons of (Semi) Anthracite for Ja ...
Tuesday, 17 November 15
FOB NEWCASTLE COAL SWAPS FALL: Q1'16 SLID 11.45% M-M
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2016 delivery slid $4.75 per ton (11.45%) month over month to US$ 36.75 per ton. The swap ...
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- Alfred C Toepfer International GmbH - Germany
- Renaissance Capital - South Africa
- Ind-Barath Power Infra Limited - India
- Interocean Group of Companies - India
- Videocon Industries ltd - India
- Bharathi Cement Corporation - India
- Salva Resources Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Bukit Makmur.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Mjunction Services Limited - India
- Rashtriya Ispat Nigam Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Simpson Spence & Young - Indonesia
- Sojitz Corporation - Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petron Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- VISA Power Limited - India
- Siam City Cement PLC, Thailand
- Port Waratah Coal Services - Australia
- Coastal Gujarat Power Limited - India
- SMC Global Power, Philippines
- Singapore Mercantile Exchange
- Trasteel International SA, Italy
- Anglo American - United Kingdom
- Eastern Coal Council - USA
- Bukit Baiduri Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Larsen & Toubro Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Sakthi Sugars Limited - India
- Thiess Contractors Indonesia
- Price Waterhouse Coopers - Russia
- Asmin Koalindo Tuhup - Indonesia
- Energy Link Ltd, New Zealand
- Kepco SPC Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- India Bulls Power Limited - India
- Uttam Galva Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- ICICI Bank Limited - India
- Star Paper Mills Limited - India
- Billiton Holdings Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- MS Steel International - UAE
- Power Finance Corporation Ltd., India
- Electricity Authority, New Zealand
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- Madhucon Powers Ltd - India
- Baramulti Group, Indonesia
- Manunggal Multi Energi - Indonesia
- Mintek Dendrill Indonesia
- Georgia Ports Authority, United States
- Grasim Industreis Ltd - India
- Rio Tinto Coal - Australia
- Economic Council, Georgia
- Wilmar Investment Holdings
- Cement Manufacturers Association - India
- Sree Jayajothi Cements Limited - India
- Africa Commodities Group - South Africa
- Kobexindo Tractors - Indoneisa
- Therma Luzon, Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Vedanta Resources Plc - India
- Tamil Nadu electricity Board
- Planning Commission, India
- Altura Mining Limited, Indonesia
- Ministry of Transport, Egypt
- London Commodity Brokers - England
- Minerals Council of Australia
- Savvy Resources Ltd - HongKong
- CNBM International Corporation - China
- Wood Mackenzie - Singapore
- Miang Besar Coal Terminal - Indonesia
- The Treasury - Australian Government
- Latin American Coal - Colombia
- Carbofer General Trading SA - India
- Vijayanagar Sugar Pvt Ltd - India
- Thai Mozambique Logistica
- Aboitiz Power Corporation - Philippines
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- Lanco Infratech Ltd - India
- Sindya Power Generating Company Private Ltd
- Oldendorff Carriers - Singapore
- Edison Trading Spa - Italy
- Straits Asia Resources Limited - Singapore
- Deloitte Consulting - India
- Global Coal Blending Company Limited - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Makarim & Taira - Indonesia
- Kideco Jaya Agung - Indonesia
- Parliament of New Zealand
- TeaM Sual Corporation - Philippines
- Medco Energi Mining Internasional
- Marubeni Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhushan Steel Limited - India
- Indo Tambangraya Megah - Indonesia
- GVK Power & Infra Limited - India
- Posco Energy - South Korea
- Samtan Co., Ltd - South Korea
- Orica Mining Services - Indonesia
- Essar Steel Hazira Ltd - India
- Sical Logistics Limited - India
- Meenaskhi Energy Private Limited - India
- Formosa Plastics Group - Taiwan
- San Jose City I Power Corp, Philippines
- PTC India Limited - India
- Ministry of Mines - Canada
- Dalmia Cement Bharat India
- GN Power Mariveles Coal Plant, Philippines
- Central Java Power - Indonesia
- GMR Energy Limited - India
- Coalindo Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Indika Energy - Indonesia
- Vizag Seaport Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Jindal Steel & Power Ltd - India
- Goldman Sachs - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Australian Coal Association
- Semirara Mining Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Directorate Of Revenue Intelligence - India
- Jaiprakash Power Ventures ltd
- Mercator Lines Limited - India
- IEA Clean Coal Centre - UK
- Neyveli Lignite Corporation Ltd, - India
- Riau Bara Harum - Indonesia
- Attock Cement Pakistan Limited
- Kohat Cement Company Ltd. - Pakistan
- Romanian Commodities Exchange
- Metalloyd Limited - United Kingdom
- LBH Netherlands Bv - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- The State Trading Corporation of India Ltd
- Barasentosa Lestari - Indonesia
- Australian Commodity Traders Exchange
- Kumho Petrochemical, South Korea
- Coal and Oil Company - UAE
- Indogreen Group - Indonesia
- Orica Australia Pty. Ltd.
- Toyota Tsusho Corporation, Japan
- Indian Energy Exchange, India
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Ministry of Finance - Indonesia
- Bulk Trading Sa - Switzerland
- McConnell Dowell - Australia
- Eastern Energy - Thailand
- ASAPP Information Group - India
- Maheswari Brothers Coal Limited - India
- Timah Investasi Mineral - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Tata Chemicals Ltd - India
- Independent Power Producers Association of India
- Malabar Cements Ltd - India
- Bhatia International Limited - India
- Xindia Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- PowerSource Philippines DevCo
- Indonesian Coal Mining Association
- Iligan Light & Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Globalindo Alam Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement - Thailand
- PNOC Exploration Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Meralco Power Generation, Philippines
- Aditya Birla Group - India
- Ceylon Electricity Board - Sri Lanka
- Chamber of Mines of South Africa
- Mercuria Energy - Indonesia
- SMG Consultants - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bangladesh Power Developement Board
- Commonwealth Bank - Australia
- Sarangani Energy Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- The University of Queensland
- Standard Chartered Bank - UAE
- Banpu Public Company Limited - Thailand
- White Energy Company Limited
- Binh Thuan Hamico - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sinarmas Energy and Mining - Indonesia
- Parry Sugars Refinery, India
- CIMB Investment Bank - Malaysia
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
- Electricity Generating Authority of Thailand
- Kaltim Prima Coal - Indonesia
- New Zealand Coal & Carbon
- Kartika Selabumi Mining - Indonesia
- Ambuja Cements Ltd - India
- Central Electricity Authority - India
- Agrawal Coal Company - India
- Karaikal Port Pvt Ltd - India
- Heidelberg Cement - Germany
- Bhoruka Overseas - Indonesia
- Energy Development Corp, Philippines
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