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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, 19 February 16
U.S. WEEKLY COAL PRODUCTION ROSE 2.6% FROM LAST WEEK - EIA
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 13.2 million shor ...
Thursday, 18 February 16
INDIA NEEDS INTERNATIONAL SUPPORT ON HIGH EFFICIENCY COAL - WORLD COAL ASSOCIATION
Speaking at a conference in New Delhi today, World Coal Association Chief Executive Benjamin Sporton said the critical role of coal in driving econ ...
Thursday, 18 February 16
CHINA COAL SECTOR - 2015 RESULTS BLEAK, 2016 UNLIKELY TO BE ANY BETTER - FITCH
COALspot.com: China Coal Sector’s Financial Woes to Worsen in 2016.
Fitch Ratings says that the 2015 full-year result previews issued by ...
Thursday, 18 February 16
PANAMAX RATES OUT OF ECSA WERE STILL GAINING A PREMIUM OVER THE REST OF THE MARKET - INTERMODAL
The BDI moved further down last week, fact that hardly took anyone by surprise as the lunar year holidays in Asia on top of the already depre ...
Wednesday, 17 February 16
TAP ON OPPORTUNITIES IN GROWING ELECTRICITY DEMAND AND NEW COAL POWER PROJECT DEVELOPMENTS IN THE PHILIPPINES - IBC
Tap on Opportunities in Growing Electricity Demand and New Coal Power Project Developments in the Philippines
Coal Power Generation 2016
19- ...
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- Ind-Barath Power Infra Limited - India
- Jindal Steel & Power Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bhushan Steel Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Kaltim Prima Coal - Indonesia
- Intertek Mineral Services - Indonesia
- SMG Consultants - Indonesia
- Indian Energy Exchange, India
- Xindia Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Economic Council, Georgia
- Meenaskhi Energy Private Limited - India
- Essar Steel Hazira Ltd - India
- Kumho Petrochemical, South Korea
- Energy Link Ltd, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Manunggal Multi Energi - Indonesia
- Lanco Infratech Ltd - India
- Port Waratah Coal Services - Australia
- Mercator Lines Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Savvy Resources Ltd - HongKong
- Globalindo Alam Lestari - Indonesia
- PowerSource Philippines DevCo
- CNBM International Corporation - China
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- Cement Manufacturers Association - India
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- Dalmia Cement Bharat India
- Indian Oil Corporation Limited
- White Energy Company Limited
- Aboitiz Power Corporation - Philippines
- Trasteel International SA, Italy
- Edison Trading Spa - Italy
- Central Java Power - Indonesia
- Bulk Trading Sa - Switzerland
- Karbindo Abesyapradhi - Indoneisa
- Central Electricity Authority - India
- Tata Chemicals Ltd - India
- ASAPP Information Group - India
- Makarim & Taira - Indonesia
- Chamber of Mines of South Africa
- South Luzon Thermal Energy Corporation
- Pendopo Energi Batubara - Indonesia
- Wood Mackenzie - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Grasim Industreis Ltd - India
- Indika Energy - Indonesia
- Coal and Oil Company - UAE
- Altura Mining Limited, Indonesia
- LBH Netherlands Bv - Netherlands
- Oldendorff Carriers - Singapore
- Jaiprakash Power Ventures ltd
- Videocon Industries ltd - India
- Electricity Authority, New Zealand
- Bhatia International Limited - India
- PNOC Exploration Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Kideco Jaya Agung - Indonesia
- Bharathi Cement Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- The Treasury - Australian Government
- Thiess Contractors Indonesia
- Siam City Cement PLC, Thailand
- European Bulk Services B.V. - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Merrill Lynch Commodities Europe
- Bhoruka Overseas - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Sojitz Corporation - Japan
- Vizag Seaport Private Limited - India
- Aditya Birla Group - India
- Africa Commodities Group - South Africa
- Riau Bara Harum - Indonesia
- The State Trading Corporation of India Ltd
- Banpu Public Company Limited - Thailand
- Deloitte Consulting - India
- Medco Energi Mining Internasional
- Global Business Power Corporation, Philippines
- McConnell Dowell - Australia
- VISA Power Limited - India
- Goldman Sachs - Singapore
- Australian Coal Association
- Rio Tinto Coal - Australia
- Timah Investasi Mineral - Indoneisa
- Minerals Council of Australia
- ICICI Bank Limited - India
- Thai Mozambique Logistica
- The University of Queensland
- Directorate Of Revenue Intelligence - India
- Samtan Co., Ltd - South Korea
- Heidelberg Cement - Germany
- India Bulls Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Parliament of New Zealand
- San Jose City I Power Corp, Philippines
- Anglo American - United Kingdom
- IHS Mccloskey Coal Group - USA
- Renaissance Capital - South Africa
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Green Power PLC Corporation, Philippines
- Malabar Cements Ltd - India
- Commonwealth Bank - Australia
- GAC Shipping (India) Pvt Ltd
- Baramulti Group, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petrochimia International Co. Ltd.- Taiwan
- Kobexindo Tractors - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- Price Waterhouse Coopers - Russia
- Tamil Nadu electricity Board
- Simpson Spence & Young - Indonesia
- Sree Jayajothi Cements Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indogreen Group - Indonesia
- IEA Clean Coal Centre - UK
- Alfred C Toepfer International GmbH - Germany
- PetroVietnam Power Coal Import and Supply Company
- Vedanta Resources Plc - India
- Bukit Asam (Persero) Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coalindo Energy - Indonesia
- Eastern Coal Council - USA
- Star Paper Mills Limited - India
- Indonesian Coal Mining Association
- Gujarat Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Meralco Power Generation, Philippines
- Binh Thuan Hamico - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Latin American Coal - Colombia
- Indo Tambangraya Megah - Indonesia
- Coastal Gujarat Power Limited - India
- PTC India Limited - India
- International Coal Ventures Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Gujarat Mineral Development Corp Ltd - India
- SN Aboitiz Power Inc, Philippines
- GMR Energy Limited - India
- Billiton Holdings Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Ambuja Cements Ltd - India
- Bangladesh Power Developement Board
- Petron Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- Siam City Cement - Thailand
- Formosa Plastics Group - Taiwan
- Agrawal Coal Company - India
- Kohat Cement Company Ltd. - Pakistan
- Georgia Ports Authority, United States
- Planning Commission, India
- Romanian Commodities Exchange
- Semirara Mining Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Eastern Energy - Thailand
- Wilmar Investment Holdings
- Jorong Barutama Greston.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Ministry of Transport, Egypt
- Holcim Trading Pte Ltd - Singapore
- Carbofer General Trading SA - India
- Asmin Koalindo Tuhup - Indonesia
- Salva Resources Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Orica Mining Services - Indonesia
- Metalloyd Limited - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Sakthi Sugars Limited - India
- Therma Luzon, Inc, Philippines
- Mintek Dendrill Indonesia
- Rashtriya Ispat Nigam Limited - India
- Ministry of Mines - Canada
- Independent Power Producers Association of India
- TeaM Sual Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Toyota Tsusho Corporation, Japan
- Singapore Mercantile Exchange
- Semirara Mining and Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Interocean Group of Companies - India
- New Zealand Coal & Carbon
- Mjunction Services Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Uttam Galva Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Borneo Indobara - Indonesia
- OPG Power Generation Pvt Ltd - India
- MS Steel International - UAE
- Gujarat Sidhee Cement - India
- London Commodity Brokers - England
- Maharashtra Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Sical Logistics Limited - India
- Madhucon Powers Ltd - India
- Sindya Power Generating Company Private Ltd
- Electricity Generating Authority of Thailand
- Antam Resourcindo - Indonesia
- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- Marubeni Corporation - India
- Bukit Baiduri Energy - Indonesia
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