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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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Friday, 02 December 22
INDONESIAN COAL PRICE REFERENCE PLUNGE TOWARD US$ 281.48 A TON AS DEMAND DROPS WORLDWIDE
COALspot.com: The cost of coal is falling so fast that it is beginning to put real money back in the pockets of end-users.
Indonesia ...
Wednesday, 30 November 22
INDONESIA’S BUMI RESOURCES TARGETS 2023 COAL OUTPUT OF 80 MLN TONNES - REUTERS
Indonesian coal miner PT Bumi Resources Tbk BUMI.JKis eyeing a 10% increase in output to 80 million tonnes next year amid expectations for more fav ...
Wednesday, 30 November 22
TANKERS: LONGER HAULS TO SUPPORT CONTINUED STRENGTH - BIMCO
Highlights
A rebound in the dirty tanker trade has led the Baltic Exchange Dirty Index (BDTI) to increase by 64% since our last report from mid ...
Wednesday, 30 November 22
MARKET INSIGHT - INTERMODAL
Shipping, although a conservative and innovation adverse industry, is currently in a transition period of digital transformation. According to a su ...
Tuesday, 29 November 22
INDIA TO RECEIVE FIRST LNG CARGO FROM INDONESIA’S TANGGUH LNG - REUTERS
India will receive its first cargo from Indonesia’s Tangguh liquefied natural gas (LNG) plant at the Dahej terminal on Monday, according to a ...
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- Georgia Ports Authority, United States
- ICICI Bank Limited - India
- Bangladesh Power Developement Board
- Jindal Steel & Power Ltd - India
- Planning Commission, India
- Independent Power Producers Association of India
- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- Power Finance Corporation Ltd., India
- Holcim Trading Pte Ltd - Singapore
- India Bulls Power Limited - India
- Indian Oil Corporation Limited
- GVK Power & Infra Limited - India
- Madhucon Powers Ltd - India
- San Jose City I Power Corp, Philippines
- The University of Queensland
- IHS Mccloskey Coal Group - USA
- Petrochimia International Co. Ltd.- Taiwan
- Jorong Barutama Greston.PT - Indonesia
- New Zealand Coal & Carbon
- Gujarat Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Banpu Public Company Limited - Thailand
- European Bulk Services B.V. - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Sical Logistics Limited - India
- PTC India Limited - India
- Parliament of New Zealand
- Maheswari Brothers Coal Limited - India
- MS Steel International - UAE
- Formosa Plastics Group - Taiwan
- Sree Jayajothi Cements Limited - India
- South Luzon Thermal Energy Corporation
- Simpson Spence & Young - Indonesia
- Jaiprakash Power Ventures ltd
- Australian Coal Association
- Bukit Asam (Persero) Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Indo Tambangraya Megah - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Renaissance Capital - South Africa
- Straits Asia Resources Limited - Singapore
- Kobexindo Tractors - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Mjunction Services Limited - India
- CIMB Investment Bank - Malaysia
- Energy Development Corp, Philippines
- Minerals Council of Australia
- Kaltim Prima Coal - Indonesia
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- SMC Global Power, Philippines
- Goldman Sachs - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Cigading International Bulk Terminal - Indonesia
- Tamil Nadu electricity Board
- Billiton Holdings Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Grasim Industreis Ltd - India
- Malabar Cements Ltd - India
- TeaM Sual Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Trasteel International SA, Italy
- VISA Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- OPG Power Generation Pvt Ltd - India
- Ambuja Cements Ltd - India
- GMR Energy Limited - India
- Videocon Industries ltd - India
- Aboitiz Power Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Tata Chemicals Ltd - India
- Indonesian Coal Mining Association
- Rio Tinto Coal - Australia
- Borneo Indobara - Indonesia
- Kideco Jaya Agung - Indonesia
- Carbofer General Trading SA - India
- Bhushan Steel Limited - India
- Merrill Lynch Commodities Europe
- Timah Investasi Mineral - Indoneisa
- Attock Cement Pakistan Limited
- Commonwealth Bank - Australia
- ASAPP Information Group - India
- Wilmar Investment Holdings
- Manunggal Multi Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Global Green Power PLC Corporation, Philippines
- Agrawal Coal Company - India
- Heidelberg Cement - Germany
- SMG Consultants - Indonesia
- Toyota Tsusho Corporation, Japan
- Orica Mining Services - Indonesia
- Price Waterhouse Coopers - Russia
- Meenaskhi Energy Private Limited - India
- Edison Trading Spa - Italy
- Global Business Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Romanian Commodities Exchange
- Ind-Barath Power Infra Limited - India
- Cement Manufacturers Association - India
- Sakthi Sugars Limited - India
- Kalimantan Lumbung Energi - Indonesia
- McConnell Dowell - Australia
- Electricity Authority, New Zealand
- The State Trading Corporation of India Ltd
- Central Java Power - Indonesia
- White Energy Company Limited
- Vizag Seaport Private Limited - India
- Siam City Cement - Thailand
- SN Aboitiz Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Baiduri Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Mercator Lines Limited - India
- Aditya Birla Group - India
- Gujarat Mineral Development Corp Ltd - India
- Kumho Petrochemical, South Korea
- Economic Council, Georgia
- Dalmia Cement Bharat India
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Generating Authority of Thailand
- Samtan Co., Ltd - South Korea
- Australian Commodity Traders Exchange
- Eastern Energy - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Central Electricity Authority - India
- Thai Mozambique Logistica
- Thiess Contractors Indonesia
- PowerSource Philippines DevCo
- Deloitte Consulting - India
- Coal and Oil Company - UAE
- Mercuria Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- London Commodity Brokers - England
- Kartika Selabumi Mining - Indonesia
- Bharathi Cement Corporation - India
- Africa Commodities Group - South Africa
- Alfred C Toepfer International GmbH - Germany
- Interocean Group of Companies - India
- Larsen & Toubro Limited - India
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Rashtriya Ispat Nigam Limited - India
- The Treasury - Australian Government
- AsiaOL BioFuels Corp., Philippines
- Latin American Coal - Colombia
- Sojitz Corporation - Japan
- Coastal Gujarat Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Ministry of Transport, Egypt
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Chamber of Mines of South Africa
- Indogreen Group - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Xindia Steels Limited - India
- Salva Resources Pvt Ltd - India
- Wood Mackenzie - Singapore
- Makarim & Taira - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bhatia International Limited - India
- Indian Energy Exchange, India
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Coal Council - USA
- LBH Netherlands Bv - Netherlands
- Orica Australia Pty. Ltd.
- Altura Mining Limited, Indonesia
- Vedanta Resources Plc - India
- Antam Resourcindo - Indonesia
- Parry Sugars Refinery, India
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Posco Energy - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- GAC Shipping (India) Pvt Ltd
- Star Paper Mills Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Uttam Galva Steels Limited - India
- Barasentosa Lestari - Indonesia
- Meralco Power Generation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mintek Dendrill Indonesia
- Gujarat Sidhee Cement - India
- Global Coal Blending Company Limited - Australia
- Karaikal Port Pvt Ltd - India
- CNBM International Corporation - China
- Siam City Cement PLC, Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Oldendorff Carriers - Singapore
- Kepco SPC Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Indika Energy - Indonesia
- IEA Clean Coal Centre - UK
- Bayan Resources Tbk. - Indonesia
- Metalloyd Limited - United Kingdom
- Ministry of Mines - Canada
- Intertek Mineral Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Standard Chartered Bank - UAE
- Sindya Power Generating Company Private Ltd
- Bulk Trading Sa - Switzerland
- Globalindo Alam Lestari - Indonesia
- Ministry of Finance - Indonesia
- PNOC Exploration Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Marubeni Corporation - India
- Medco Energi Mining Internasional
- Anglo American - United Kingdom
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