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Thursday, 03 March 16
INDIA'S BUDGET NOT ENOUGH TO BOOST STEELMAKERS' PROFITABILITY - FITCH RATINGS
 COALspot.com: Fitch Ratings says that increase in proposed infrastructure spending in India's latest government budget is unlikely to provide a boost to domestic steel demand growth, unless project execution rates pick up significantly. Domestic steel producers also face overcapacity, which is likely to weigh on their profitability and credit metrics in the near term.
The budget plans to increase capex on infrastructure (roads, railways and shipping) in the financial year ending March 2017 (FY17) by 23% to INR2.3trn. For FY16, the government had budgeted for infrastructure investment to double from actual spending in FY15. However, except for a pick-up in road construction (up 36% yoy in 1HFY16), project implementation appears to have been weak so far in FY16.
Private-sector investment has also remained weak, given the stretched corporate balance sheets. As a result, steel demand growth in India has remained soft at 4.7% yoy in 9MFY16. We expect steel demand growth to improve slightly to 7%-8% in FY17, supported by a pick-up in government infrastructure spending with better project execution.
However, the steel industry is burdened by overcapacity. Domestic capacity is scheduled to jump by about 15 million tonnes over the 2HFY16-FY17 period, which will exceed a potential 6 million tonne increase in domestic steel demand in FY17. At the same time, global supply continues to outstrip demand. Given the supply-demand growth mismatch, producers are likely to engage in price competition amid weak utilisation levels. Therefore, a recovery in sales realisation and profitability for Indian steelmakers is unlikely before FY18.
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Sunday, 26 February 23
MAWANI AND JEDDAH CHAMBER SIGN AN AGREEMENT TO BUILD INTEGRATED LOGISTICS PARK
Press Release: The Saudi Ports Authority (Mawani) and Jeddah Chamber of Commerce and Industry have today inked an agreement to set up an integrated ...
Saturday, 25 February 23
INDONESIA IS STILL BY FAR THE TOP SUPPLIER OF COAL TO CHINA - BANCHERO COSTA
After a slow start in the first quarter, global coal trade has really picked up pace last year, and is now fully back to pre-Covid levels, said ban ...
Wednesday, 22 February 23
MARKET INSIGHT - INTERMODAL
The short-term outlook of the global soybean market is currently pivoted by a combination of weather patterns that are affecting the harvest progre ...
Saturday, 18 February 23
OIL UNLIKELY TO BREAK ABOVE $100/BBL THIS YEAR, J.P.MORGAN SAYS –- REUTERS
Brent oil prices are unlikely to breach the $100 a barrel level this year, barring any significant geopolitical drivers, with OPEC+ potentially add ...
Saturday, 18 February 23
CHINA'S COAL PRICES FALL TO 1 YR-LOW, CLOUDING DEMAND AND IMPORT OUTLOOK - REUTERS
China’s thermal coal prices hit their lowest levels in a year this week on rising inventories as domestic mine production is recovering faste ...
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- Mintek Dendrill Indonesia
- Sindya Power Generating Company Private Ltd
- Anglo American - United Kingdom
- Semirara Mining Corp, Philippines
- Mercator Lines Limited - India
- Standard Chartered Bank - UAE
- Rashtriya Ispat Nigam Limited - India
- South Luzon Thermal Energy Corporation
- Cement Manufacturers Association - India
- Karbindo Abesyapradhi - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Georgia Ports Authority, United States
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercuria Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Sojitz Corporation - Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Finance - Indonesia
- MS Steel International - UAE
- Directorate Of Revenue Intelligence - India
- Singapore Mercantile Exchange
- Formosa Plastics Group - Taiwan
- Asmin Koalindo Tuhup - Indonesia
- New Zealand Coal & Carbon
- Ambuja Cements Ltd - India
- SMG Consultants - Indonesia
- Meenaskhi Energy Private Limited - India
- Kobexindo Tractors - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- AsiaOL BioFuels Corp., Philippines
- Indian Oil Corporation Limited
- PowerSource Philippines DevCo
- Maheswari Brothers Coal Limited - India
- Jindal Steel & Power Ltd - India
- The University of Queensland
- Kohat Cement Company Ltd. - Pakistan
- Essar Steel Hazira Ltd - India
- Parliament of New Zealand
- Bukit Baiduri Energy - Indonesia
- Indika Energy - Indonesia
- Uttam Galva Steels Limited - India
- Merrill Lynch Commodities Europe
- Bulk Trading Sa - Switzerland
- Directorate General of MIneral and Coal - Indonesia
- Latin American Coal - Colombia
- Independent Power Producers Association of India
- Madhucon Powers Ltd - India
- Barasentosa Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Interocean Group of Companies - India
- LBH Netherlands Bv - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Petron Corporation, Philippines
- Australian Coal Association
- Salva Resources Pvt Ltd - India
- Chamber of Mines of South Africa
- Sical Logistics Limited - India
- Bhatia International Limited - India
- The State Trading Corporation of India Ltd
- Heidelberg Cement - Germany
- Power Finance Corporation Ltd., India
- Agrawal Coal Company - India
- Samtan Co., Ltd - South Korea
- Indonesian Coal Mining Association
- Economic Council, Georgia
- Holcim Trading Pte Ltd - Singapore
- Parry Sugars Refinery, India
- Indo Tambangraya Megah - Indonesia
- Bhushan Steel Limited - India
- Renaissance Capital - South Africa
- CNBM International Corporation - China
- VISA Power Limited - India
- Ministry of Mines - Canada
- Marubeni Corporation - India
- Coastal Gujarat Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Global Coal Blending Company Limited - Australia
- Global Business Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Videocon Industries ltd - India
- Kartika Selabumi Mining - Indonesia
- Carbofer General Trading SA - India
- Vijayanagar Sugar Pvt Ltd - India
- Borneo Indobara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Xindia Steels Limited - India
- Intertek Mineral Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Banpu Public Company Limited - Thailand
- Posco Energy - South Korea
- Grasim Industreis Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Cigading International Bulk Terminal - Indonesia
- Thiess Contractors Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- GAC Shipping (India) Pvt Ltd
- Binh Thuan Hamico - Vietnam
- Romanian Commodities Exchange
- Timah Investasi Mineral - Indoneisa
- Indogreen Group - Indonesia
- Goldman Sachs - Singapore
- Kaltim Prima Coal - Indonesia
- Africa Commodities Group - South Africa
- Minerals Council of Australia
- Planning Commission, India
- Port Waratah Coal Services - Australia
- Coalindo Energy - Indonesia
- Altura Mining Limited, Indonesia
- Iligan Light & Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Bharathi Cement Corporation - India
- Orica Australia Pty. Ltd.
- OPG Power Generation Pvt Ltd - India
- Siam City Cement - Thailand
- Trasteel International SA, Italy
- Indian Energy Exchange, India
- Ind-Barath Power Infra Limited - India
- Edison Trading Spa - Italy
- Electricity Authority, New Zealand
- Karaikal Port Pvt Ltd - India
- Deloitte Consulting - India
- Australian Commodity Traders Exchange
- PNOC Exploration Corporation - Philippines
- Vedanta Resources Plc - India
- Wilmar Investment Holdings
- Eastern Energy - Thailand
- Bayan Resources Tbk. - Indonesia
- Wood Mackenzie - Singapore
- Kapuas Tunggal Persada - Indonesia
- GVK Power & Infra Limited - India
- Vizag Seaport Private Limited - India
- London Commodity Brokers - England
- Bank of Tokyo Mitsubishi UFJ Ltd
- GN Power Mariveles Coal Plant, Philippines
- Ceylon Electricity Board - Sri Lanka
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Central Java Power - Indonesia
- GMR Energy Limited - India
- TeaM Sual Corporation - Philippines
- Gujarat Sidhee Cement - India
- Aboitiz Power Corporation - Philippines
- Medco Energi Mining Internasional
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- The Treasury - Australian Government
- San Jose City I Power Corp, Philippines
- Dalmia Cement Bharat India
- Electricity Generating Authority of Thailand
- Tamil Nadu electricity Board
- Straits Asia Resources Limited - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Baramulti Group, Indonesia
- Savvy Resources Ltd - HongKong
- Mjunction Services Limited - India
- Central Electricity Authority - India
- Energy Development Corp, Philippines
- Larsen & Toubro Limited - India
- Commonwealth Bank - Australia
- International Coal Ventures Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- ICICI Bank Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aditya Birla Group - India
- Manunggal Multi Energi - Indonesia
- Malabar Cements Ltd - India
- Simpson Spence & Young - Indonesia
- PTC India Limited - India
- Meralco Power Generation, Philippines
- India Bulls Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Sakthi Sugars Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Riau Bara Harum - Indonesia
- Bukit Makmur.PT - Indonesia
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
- Chettinad Cement Corporation Ltd - India
- Makarim & Taira - Indonesia
- Kumho Petrochemical, South Korea
- Lanco Infratech Ltd - India
- Bhoruka Overseas - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Ministry of Transport, Egypt
- Coal and Oil Company - UAE
- Energy Link Ltd, New Zealand
- McConnell Dowell - Australia
- Price Waterhouse Coopers - Russia
- European Bulk Services B.V. - Netherlands
- Therma Luzon, Inc, Philippines
- ASAPP Information Group - India
- Antam Resourcindo - Indonesia
- CIMB Investment Bank - Malaysia
- SMC Global Power, Philippines
- Toyota Tsusho Corporation, Japan
- IEA Clean Coal Centre - UK
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PetroVietnam Power Coal Import and Supply Company
- Star Paper Mills Limited - India
- Thai Mozambique Logistica
- Attock Cement Pakistan Limited
- White Energy Company Limited
- Rio Tinto Coal - Australia
- Bangladesh Power Developement Board
- Alfred C Toepfer International GmbH - Germany
- Kideco Jaya Agung - Indonesia
- Orica Mining Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
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