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Monday, 25 April 16
CHINESE STEEL PRICE SURGE NOT SUSTAINABLE - FITCH
 The rapid increase in Chinese steel prices so far this year is not sustainable, as it is largely due to a seasonal pick-up in construction and elevated speculation in the steel futures market, says Fitch Ratings. Fitch expects supply of steel to increase as rising prices lead to capacity resumption, but without a sustainable rise in demand. This will put significant pressure on steel prices in the near term.
According to Fitch, the Chinese steel product prices have increased over 60% year to date. For instance, prices for hot-rolled steel - one of the most widely traded products - increased to CNY3,229 per tonne from CNY1,994 per tonne at the beginning of 2016. Fitch believes the price surge is mostly driven by a seasonal pick-up in fixed-asset investment activity from a low base in the first two months of 2016. This is exacerbated by increased speculation in the steel futures market, driven by liquidity in the financial system.
On the demand side, Fitch said, fixed-asset investment was up 10.7% yoy in 1Q16. Of this, infrastructure was up 19.6% and property 6.2%. Infrastructure investment growth was in line with Fitch's expectations and the usual spurt following the Chinese New Year holidays. However, the pick-up in property investment came earlier than expected. Fitch did not anticipate an increase until 2H16, from a low base in the previous year. Overall, Fitch does not foresee a strong increase in steel demand during 2016 and expects overall fixed-asset investment growth to remain at around 10%, a similar level to 2015.
On the supply side, Fitch commented that, average daily crude steel production was lower in January and February 2016, at around 2.02 million tonnes, compared to 2.21 million tonnes in 2015. Production fell significantly at the end of 2015 due to low steel prices. The total capacity suspended (capacity that is partially in operation or mostly non-operating) in 2015 amounted to around 60 million tonnes, of which only an estimated 15 million tonnes to 17 million tonnes was permanently shut-down and eliminated from the market. With prices now surging, many of the suspended plants have resumed production. This was partially reflected in March 2016 production figures, where daily crude steel production rose to 2.28 million tonnes, up 12.9% compared to January and February 2016.
Fitch expects production to increase further in April, as the suspended furnaces are fired up. This, together with weak demand growth for steel in 2016, is likely to soon result in declining steel prices.
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Monday, 24 October 16
U.S WEEKLY COAL PRODUCTION DECLINED 3.2% TO 16 MMST WEEK OVER WEEK
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16 million short tons ...
Monday, 24 October 16
DRY BULK:MARKET ENDS WEEK WITH MIXED REACTIONS
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities ending with mixed direction as Cape and BDI was declined ...
Thursday, 20 October 16
THE PORT OF NEWCASTLE SHIPPED 16.97 PERCENT MORE COAL IN SEPTEMBER
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port has shipped $AU 1,216.7 m ...
Thursday, 20 October 16
A SUPRAMAX HAVE BEEN FIXED AT $12,500 FOR A INDIA TO BANGLADESH TRIP - FEARNLEYS
Supramax
A bit more activities with modest upturn in rates.
According to Fearnleys weekly report, US Gulf trip to Skaw-Passero has seen cons ...
Wednesday, 19 October 16
THE SHIPPING MARKET IS IN A WAIT AND SEE MODE - INTERMODAL
We are now heading towards the end of a rather volatile 2016 for the dry bulk segment. During the last 10 months there were never any clear indicat ...
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- Kapuas Tunggal Persada - Indonesia
- Essar Steel Hazira Ltd - India
- Xindia Steels Limited - India
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Energy Link Ltd, New Zealand
- Kobexindo Tractors - Indoneisa
- Uttam Galva Steels Limited - India
- Heidelberg Cement - Germany
- VISA Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Dalmia Cement Bharat India
- Gujarat Sidhee Cement - India
- Vizag Seaport Private Limited - India
- Barasentosa Lestari - Indonesia
- McConnell Dowell - Australia
- Maharashtra Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Tamil Nadu electricity Board
- Renaissance Capital - South Africa
- Larsen & Toubro Limited - India
- Star Paper Mills Limited - India
- Latin American Coal - Colombia
- Mercator Lines Limited - India
- India Bulls Power Limited - India
- Parliament of New Zealand
- Power Finance Corporation Ltd., India
- Formosa Plastics Group - Taiwan
- Indian Oil Corporation Limited
- New Zealand Coal & Carbon
- Wilmar Investment Holdings
- Carbofer General Trading SA - India
- Australian Commodity Traders Exchange
- IHS Mccloskey Coal Group - USA
- San Jose City I Power Corp, Philippines
- Orica Australia Pty. Ltd.
- Anglo American - United Kingdom
- Intertek Mineral Services - Indonesia
- Madhucon Powers Ltd - India
- Sojitz Corporation - Japan
- Global Business Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Port Waratah Coal Services - Australia
- Deloitte Consulting - India
- Sakthi Sugars Limited - India
- Ambuja Cements Ltd - India
- ICICI Bank Limited - India
- Holcim Trading Pte Ltd - Singapore
- Sindya Power Generating Company Private Ltd
- Salva Resources Pvt Ltd - India
- Indonesian Coal Mining Association
- Karbindo Abesyapradhi - Indoneisa
- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
- Kideco Jaya Agung - Indonesia
- Globalindo Alam Lestari - Indonesia
- Georgia Ports Authority, United States
- Edison Trading Spa - Italy
- ASAPP Information Group - India
- Planning Commission, India
- Merrill Lynch Commodities Europe
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PTC India Limited - India
- The State Trading Corporation of India Ltd
- Directorate General of MIneral and Coal - Indonesia
- Thai Mozambique Logistica
- Miang Besar Coal Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Agrawal Coal Company - India
- Videocon Industries ltd - India
- Baramulti Group, Indonesia
- Kaltim Prima Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- PNOC Exploration Corporation - Philippines
- Commonwealth Bank - Australia
- Semirara Mining and Power Corporation, Philippines
- GMR Energy Limited - India
- South Luzon Thermal Energy Corporation
- Posco Energy - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aditya Birla Group - India
- Eastern Coal Council - USA
- Vijayanagar Sugar Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Ministry of Transport, Egypt
- Savvy Resources Ltd - HongKong
- Sical Logistics Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Ind-Barath Power Infra Limited - India
- Bangladesh Power Developement Board
- London Commodity Brokers - England
- Minerals Council of Australia
- Goldman Sachs - Singapore
- Ministry of Mines - Canada
- Indogreen Group - Indonesia
- Ministry of Finance - Indonesia
- Sarangani Energy Corporation, Philippines
- Siam City Cement - Thailand
- Indian Energy Exchange, India
- Africa Commodities Group - South Africa
- Aboitiz Power Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- The Treasury - Australian Government
- Bukit Makmur.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Australian Coal Association
- Therma Luzon, Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Medco Energi Mining Internasional
- Toyota Tsusho Corporation, Japan
- Grasim Industreis Ltd - India
- Energy Development Corp, Philippines
- TeaM Sual Corporation - Philippines
- White Energy Company Limited
- Siam City Cement PLC, Thailand
- Maheswari Brothers Coal Limited - India
- PowerSource Philippines DevCo
- Economic Council, Georgia
- Jindal Steel & Power Ltd - India
- Kepco SPC Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Central Electricity Authority - India
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining Corp, Philippines
- Attock Cement Pakistan Limited
- Binh Thuan Hamico - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- IEA Clean Coal Centre - UK
- Mjunction Services Limited - India
- Metalloyd Limited - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Lanco Infratech Ltd - India
- Iligan Light & Power Inc, Philippines
- Chamber of Mines of South Africa
- Gujarat Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- Oldendorff Carriers - Singapore
- Electricity Generating Authority of Thailand
- The University of Queensland
- Marubeni Corporation - India
- Samtan Co., Ltd - South Korea
- Mercuria Energy - Indonesia
- Electricity Authority, New Zealand
- Standard Chartered Bank - UAE
- Krishnapatnam Port Company Ltd. - India
- Meenaskhi Energy Private Limited - India
- Thiess Contractors Indonesia
- SMG Consultants - Indonesia
- Leighton Contractors Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Makarim & Taira - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GVK Power & Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Rio Tinto Coal - Australia
- International Coal Ventures Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Bulk Trading Sa - Switzerland
- Tata Chemicals Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- Romanian Commodities Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- Riau Bara Harum - Indonesia
- Kumho Petrochemical, South Korea
- Bharathi Cement Corporation - India
- Timah Investasi Mineral - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Bhatia International Limited - India
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- Orica Mining Services - Indonesia
- MS Steel International - UAE
- Rashtriya Ispat Nigam Limited - India
- Singapore Mercantile Exchange
- CIMB Investment Bank - Malaysia
- Sree Jayajothi Cements Limited - India
- Petron Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
- OPG Power Generation Pvt Ltd - India
- Indika Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Trasteel International SA, Italy
- Coal and Oil Company - UAE
- PetroVietnam Power Coal Import and Supply Company
- Billiton Holdings Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- GAC Shipping (India) Pvt Ltd
- Coastal Gujarat Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Central Java Power - Indonesia
- Malabar Cements Ltd - India
- Borneo Indobara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parry Sugars Refinery, India
- Eastern Energy - Thailand
- Manunggal Multi Energi - Indonesia
- Mintek Dendrill Indonesia
- Coalindo Energy - Indonesia
- Independent Power Producers Association of India
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