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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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Tuesday, 29 November 22
SEABORNE COAL FLOWS IN 2022 - SIGNAL
This year is crucial for the energy mix in European countries, as the EU has imposed new sanctions on Russia. It is important to emphasize that the ...
Friday, 25 November 22
APAC THERMAL COAL PRICES CORRECT FROM RECORD HIGH - FITCH RATINGS
Prices of Newcastle 6,000kcal/kg coal have corrected following falling European gas and coal prices, and more supply from Australia could help miti ...
Thursday, 24 November 22
VIETNAM BOOSTS COAL USE PLAN FOR 2030 AS G7 CLIMATE OFFER STALLS - REUTERS
Vietnam has increased its coal power target for 2030 under a revised draft energy plan, government documents seen by Reuters show, while renewables ...
Tuesday, 22 November 22
THE GENCON 2022 CHARTERPARTY - GARD
KNOWLEDGE TO ELEVATE
BIMCO has published a revamped version of the popular GENCON charterparty. Our author, Helena Biggs, was a member of the ...
Tuesday, 22 November 22
INDIA POWER BINGES ON COAL, OUTPACES ASIA - REUTERS
India’s coal-fired power output has increased much faster than any other country in the Asia Pacific since Russia’s invasion of Ukraine ...
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- Merrill Lynch Commodities Europe
- Vijayanagar Sugar Pvt Ltd - India
- Bangladesh Power Developement Board
- Chettinad Cement Corporation Ltd - India
- Banpu Public Company Limited - Thailand
- Thiess Contractors Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pendopo Energi Batubara - Indonesia
- Siam City Cement PLC, Thailand
- Iligan Light & Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Makarim & Taira - Indonesia
- GAC Shipping (India) Pvt Ltd
- Xindia Steels Limited - India
- The Treasury - Australian Government
- Edison Trading Spa - Italy
- Directorate Of Revenue Intelligence - India
- Essar Steel Hazira Ltd - India
- Indogreen Group - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Indian Energy Exchange, India
- LBH Netherlands Bv - Netherlands
- Interocean Group of Companies - India
- Wood Mackenzie - Singapore
- Grasim Industreis Ltd - India
- Maheswari Brothers Coal Limited - India
- Electricity Generating Authority of Thailand
- Georgia Ports Authority, United States
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- Formosa Plastics Group - Taiwan
- London Commodity Brokers - England
- Maharashtra Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Billiton Holdings Pty Ltd - Australia
- ICICI Bank Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Borneo Indobara - Indonesia
- Altura Mining Limited, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Wilmar Investment Holdings
- Asmin Koalindo Tuhup - Indonesia
- Minerals Council of Australia
- Bukit Asam (Persero) Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Singapore Mercantile Exchange
- Bulk Trading Sa - Switzerland
- ASAPP Information Group - India
- Gujarat Mineral Development Corp Ltd - India
- Sojitz Corporation - Japan
- OPG Power Generation Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- GVK Power & Infra Limited - India
- Indika Energy - Indonesia
- Central Java Power - Indonesia
- Romanian Commodities Exchange
- Videocon Industries ltd - India
- Posco Energy - South Korea
- Tamil Nadu electricity Board
- Central Electricity Authority - India
- MS Steel International - UAE
- Holcim Trading Pte Ltd - Singapore
- Mjunction Services Limited - India
- McConnell Dowell - Australia
- Indo Tambangraya Megah - Indonesia
- Global Green Power PLC Corporation, Philippines
- Anglo American - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Antam Resourcindo - Indonesia
- Power Finance Corporation Ltd., India
- Bhatia International Limited - India
- CNBM International Corporation - China
- Eastern Energy - Thailand
- Gujarat Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Globalindo Alam Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Salva Resources Pvt Ltd - India
- Energy Development Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Bharathi Cement Corporation - India
- SMG Consultants - Indonesia
- South Luzon Thermal Energy Corporation
- Kartika Selabumi Mining - Indonesia
- Jindal Steel & Power Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Bahari Cakrawala Sebuku - Indonesia
- Medco Energi Mining Internasional
- Attock Cement Pakistan Limited
- Ministry of Finance - Indonesia
- Kumho Petrochemical, South Korea
- Larsen & Toubro Limited - India
- Chamber of Mines of South Africa
- Orica Mining Services - Indonesia
- Coastal Gujarat Power Limited - India
- Oldendorff Carriers - Singapore
- Aditya Birla Group - India
- Jaiprakash Power Ventures ltd
- The State Trading Corporation of India Ltd
- New Zealand Coal & Carbon
- Kaltim Prima Coal - Indonesia
- Energy Link Ltd, New Zealand
- Coal and Oil Company - UAE
- Port Waratah Coal Services - Australia
- Bhoruka Overseas - Indonesia
- Ministry of Mines - Canada
- Ministry of Transport, Egypt
- Semirara Mining Corp, Philippines
- Kideco Jaya Agung - Indonesia
- VISA Power Limited - India
- Metalloyd Limited - United Kingdom
- Manunggal Multi Energi - Indonesia
- Independent Power Producers Association of India
- Heidelberg Cement - Germany
- Dalmia Cement Bharat India
- IHS Mccloskey Coal Group - USA
- Riau Bara Harum - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bhushan Steel Limited - India
- Trasteel International SA, Italy
- Sical Logistics Limited - India
- Baramulti Group, Indonesia
- Toyota Tsusho Corporation, Japan
- Rio Tinto Coal - Australia
- Ind-Barath Power Infra Limited - India
- Sakthi Sugars Limited - India
- Simpson Spence & Young - Indonesia
- Binh Thuan Hamico - Vietnam
- CIMB Investment Bank - Malaysia
- Electricity Authority, New Zealand
- Global Business Power Corporation, Philippines
- PTC India Limited - India
- Kobexindo Tractors - Indoneisa
- European Bulk Services B.V. - Netherlands
- Mintek Dendrill Indonesia
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Thai Mozambique Logistica
- Semirara Mining and Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meralco Power Generation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Commonwealth Bank - Australia
- Intertek Mineral Services - Indonesia
- Barasentosa Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Indian Oil Corporation Limited
- San Jose City I Power Corp, Philippines
- Star Paper Mills Limited - India
- Planning Commission, India
- Samtan Co., Ltd - South Korea
- Orica Australia Pty. Ltd.
- Coalindo Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- GMR Energy Limited - India
- Renaissance Capital - South Africa
- Bukit Baiduri Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Latin American Coal - Colombia
- Australian Commodity Traders Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Lanco Infratech Ltd - India
- Carbofer General Trading SA - India
- Australian Coal Association
- Ambuja Cements Ltd - India
- Goldman Sachs - Singapore
- Deloitte Consulting - India
- Siam City Cement - Thailand
- Aboitiz Power Corporation - Philippines
- Gujarat Sidhee Cement - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate General of MIneral and Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- White Energy Company Limited
- Parliament of New Zealand
- Parry Sugars Refinery, India
- TeaM Sual Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Marubeni Corporation - India
- Uttam Galva Steels Limited - India
- PowerSource Philippines DevCo
- Cement Manufacturers Association - India
- Mercator Lines Limited - India
- Indonesian Coal Mining Association
- Petron Corporation, Philippines
- Africa Commodities Group - South Africa
- Bukit Makmur.PT - Indonesia
- Agrawal Coal Company - India
- Sree Jayajothi Cements Limited - India
- Meenaskhi Energy Private Limited - India
- Standard Chartered Bank - UAE
- Sarangani Energy Corporation, Philippines
- Tata Chemicals Ltd - India
- SMC Global Power, Philippines
- Vizag Seaport Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Economic Council, Georgia
- Mercuria Energy - Indonesia
- Malabar Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Cigading International Bulk Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Coal Council - USA
- Kepco SPC Power Corporation, Philippines
- Vedanta Resources Plc - India
- Kalimantan Lumbung Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Sindya Power Generating Company Private Ltd
- International Coal Ventures Pvt Ltd - India
- Madhucon Powers Ltd - India
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