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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, 08 January 23
ELEVATED COAL PRICE A DRAG ON MARGINS OF DOMESTIC BASE METAL PLAYERS: ICRA
The increased price of coal continue to be a drag on the margin of domestic base metal players with no immediate relief in sight, rating agency ICR ...
Monday, 02 January 23
CHINA’S COAL CONSUMPTION TO PEAK BY 2035: REPORT - REUTERS
China’s primary energy consumption is likely to peak at nearly 6.03 billion tonnes of standard coal between 2030 and 2035, refining giant Chi ...
Thursday, 29 December 22
INDIA'S COAL DEMAND LIKELY TO PEAK BETWEEN 2030-2035: MINISTER - ANI
The demand for coal in India will continue and is likely to peak between 2030-2035, Union Minister of Coal, Mines, and Parliamentary Affairs Pralha ...
Thursday, 29 December 22
RIO TINTO AND PARTNERS COULD RECEIVE AS MUCH AS $450M IN GOVERNMENT COMPENSATION FOR COAL PRICE CAP - THE GUARDIAN
Compensation payments for the Gladstone power plant remain the sticking point in the federal government’s coal price cap compensation negotia ...
Wednesday, 28 December 22
MARKET INSIGHT - INTERMODAL
The United Nations Conference on Trade and Development (UNCTAD) published a Global Trade Update on December 13th highlighting that global trade wou ...
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- Independent Power Producers Association of India
- Sojitz Corporation - Japan
- Aboitiz Power Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Siam City Cement - Thailand
- LBH Netherlands Bv - Netherlands
- Kobexindo Tractors - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Sakthi Sugars Limited - India
- Australian Commodity Traders Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Heidelberg Cement - Germany
- CNBM International Corporation - China
- Latin American Coal - Colombia
- London Commodity Brokers - England
- Kapuas Tunggal Persada - Indonesia
- Gujarat Sidhee Cement - India
- Mintek Dendrill Indonesia
- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
- GVK Power & Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Karaikal Port Pvt Ltd - India
- Merrill Lynch Commodities Europe
- McConnell Dowell - Australia
- Aditya Birla Group - India
- Anglo American - United Kingdom
- Bukit Makmur.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Tamil Nadu electricity Board
- Orica Australia Pty. Ltd.
- Videocon Industries ltd - India
- Banpu Public Company Limited - Thailand
- Posco Energy - South Korea
- Africa Commodities Group - South Africa
- Straits Asia Resources Limited - Singapore
- IHS Mccloskey Coal Group - USA
- Siam City Cement PLC, Thailand
- Kohat Cement Company Ltd. - Pakistan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bharathi Cement Corporation - India
- Central Electricity Authority - India
- Grasim Industreis Ltd - India
- Orica Mining Services - Indonesia
- Chamber of Mines of South Africa
- Marubeni Corporation - India
- Parliament of New Zealand
- South Luzon Thermal Energy Corporation
- Larsen & Toubro Limited - India
- GAC Shipping (India) Pvt Ltd
- Indian Oil Corporation Limited
- TNB Fuel Sdn Bhd - Malaysia
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- White Energy Company Limited
- Timah Investasi Mineral - Indoneisa
- Bhatia International Limited - India
- Alfred C Toepfer International GmbH - Germany
- Ind-Barath Power Infra Limited - India
- Rio Tinto Coal - Australia
- Savvy Resources Ltd - HongKong
- Medco Energi Mining Internasional
- Makarim & Taira - Indonesia
- Singapore Mercantile Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Barasentosa Lestari - Indonesia
- Cement Manufacturers Association - India
- Antam Resourcindo - Indonesia
- Sical Logistics Limited - India
- Coal and Oil Company - UAE
- Xindia Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Pendopo Energi Batubara - Indonesia
- Indogreen Group - Indonesia
- ICICI Bank Limited - India
- Deloitte Consulting - India
- Mercator Lines Limited - India
- Global Green Power PLC Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Indika Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Mines - Canada
- The State Trading Corporation of India Ltd
- Renaissance Capital - South Africa
- Coalindo Energy - Indonesia
- Essar Steel Hazira Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Petron Corporation, Philippines
- Eastern Coal Council - USA
- Dalmia Cement Bharat India
- Karbindo Abesyapradhi - Indoneisa
- Carbofer General Trading SA - India
- Leighton Contractors Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- SMC Global Power, Philippines
- European Bulk Services B.V. - Netherlands
- Power Finance Corporation Ltd., India
- Directorate General of MIneral and Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Central Java Power - Indonesia
- SMG Consultants - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
- Ministry of Transport, Egypt
- Madhucon Powers Ltd - India
- Uttam Galva Steels Limited - India
- Kumho Petrochemical, South Korea
- The Treasury - Australian Government
- San Jose City I Power Corp, Philippines
- Australian Coal Association
- Sree Jayajothi Cements Limited - India
- Georgia Ports Authority, United States
- Formosa Plastics Group - Taiwan
- ASAPP Information Group - India
- Jindal Steel & Power Ltd - India
- Maheswari Brothers Coal Limited - India
- Standard Chartered Bank - UAE
- Meralco Power Generation, Philippines
- Bukit Baiduri Energy - Indonesia
- Altura Mining Limited, Indonesia
- Chettinad Cement Corporation Ltd - India
- Directorate Of Revenue Intelligence - India
- Coastal Gujarat Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Eastern Energy - Thailand
- Baramulti Group, Indonesia
- Manunggal Multi Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining Corp, Philippines
- Port Waratah Coal Services - Australia
- International Coal Ventures Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Global Business Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Kideco Jaya Agung - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parry Sugars Refinery, India
- VISA Power Limited - India
- IEA Clean Coal Centre - UK
- Planning Commission, India
- Therma Luzon, Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Wilmar Investment Holdings
- Thai Mozambique Logistica
- PowerSource Philippines DevCo
- Thiess Contractors Indonesia
- Bhushan Steel Limited - India
- Lanco Infratech Ltd - India
- Bhoruka Overseas - Indonesia
- Vizag Seaport Private Limited - India
- CIMB Investment Bank - Malaysia
- MS Steel International - UAE
- Billiton Holdings Pty Ltd - Australia
- Malabar Cements Ltd - India
- India Bulls Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Commonwealth Bank - Australia
- Rashtriya Ispat Nigam Limited - India
- Jaiprakash Power Ventures ltd
- TeaM Sual Corporation - Philippines
- Bangladesh Power Developement Board
- Vedanta Resources Plc - India
- Interocean Group of Companies - India
- Iligan Light & Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Romanian Commodities Exchange
- Borneo Indobara - Indonesia
- Star Paper Mills Limited - India
- Price Waterhouse Coopers - Russia
- PNOC Exploration Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Economic Council, Georgia
- Global Coal Blending Company Limited - Australia
- Edison Trading Spa - Italy
- Meenaskhi Energy Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Attock Cement Pakistan Limited
- Electricity Authority, New Zealand
- OPG Power Generation Pvt Ltd - India
- Mercuria Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bulk Trading Sa - Switzerland
- Salva Resources Pvt Ltd - India
- New Zealand Coal & Carbon
- Bahari Cakrawala Sebuku - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Riau Bara Harum - Indonesia
- Bayan Resources Tbk. - Indonesia
- Mjunction Services Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Ambuja Cements Ltd - India
- Indian Energy Exchange, India
- Energy Link Ltd, New Zealand
- Energy Development Corp, Philippines
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
- Tata Chemicals Ltd - India
- Kepco SPC Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Wood Mackenzie - Singapore
- Indonesian Coal Mining Association
- Minerals Council of Australia
- GMR Energy Limited - India
- PTC India Limited - India
- The University of Queensland
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