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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, 29 August 16
THE 5000 GAR THERMAL COAL INDEX HAS STRENGTHENED BY 9.90% SINCE JANUARY
COALspot.com: A rally in thermal coal prices over the past few months, after years of decline, is still continuing upward and it is expected to ral ...
Monday, 29 August 16
THE FREIGHT MARKET WAS STEADY AND FIRM THIS PAST WEEK; BCI ROSE 18.74%
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose and ending in a positive note this past week except ...
Friday, 26 August 16
WEEKLY US COAL OUTPUT UP 0.7% W/W TO 16 MMST: EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16 million short tons ...
Thursday, 25 August 16
SUPRAMAXES ARE BEING FIXED IN REGION OF $9000
Supramax
Due to Chinese coal imports which continues to source much of the tonnage in SE Asia combined with a good flow of mineral exports ex Aus ...
Wednesday, 24 August 16
MARKET INSIGHT
Brazil and the world bid farewell on Sunday to the first Olympic Games in South America in the midst of a finale meant to be both one last bash and ...
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Showing 2306 to 2310 news of total 6871 |
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- Essar Steel Hazira Ltd - India
- Kaltim Prima Coal - Indonesia
- Parry Sugars Refinery, India
- Globalindo Alam Lestari - Indonesia
- Australian Coal Association
- Malabar Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- Bhatia International Limited - India
- Kumho Petrochemical, South Korea
- Billiton Holdings Pty Ltd - Australia
- New Zealand Coal & Carbon
- SMG Consultants - Indonesia
- Lanco Infratech Ltd - India
- Orica Mining Services - Indonesia
- Bhushan Steel Limited - India
- Planning Commission, India
- Eastern Coal Council - USA
- Iligan Light & Power Inc, Philippines
- Bangladesh Power Developement Board
- Posco Energy - South Korea
- Energy Development Corp, Philippines
- MS Steel International - UAE
- Intertek Mineral Services - Indonesia
- The State Trading Corporation of India Ltd
- Sarangani Energy Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
- Maharashtra Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Orica Australia Pty. Ltd.
- Directorate Of Revenue Intelligence - India
- Formosa Plastics Group - Taiwan
- Gujarat Sidhee Cement - India
- Semirara Mining and Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Carbofer General Trading SA - India
- European Bulk Services B.V. - Netherlands
- Tata Chemicals Ltd - India
- Mjunction Services Limited - India
- AsiaOL BioFuels Corp., Philippines
- Directorate General of MIneral and Coal - Indonesia
- Sakthi Sugars Limited - India
- OPG Power Generation Pvt Ltd - India
- Renaissance Capital - South Africa
- Rio Tinto Coal - Australia
- Kobexindo Tractors - Indoneisa
- McConnell Dowell - Australia
- Metalloyd Limited - United Kingdom
- Vizag Seaport Private Limited - India
- Indonesian Coal Mining Association
- Kepco SPC Power Corporation, Philippines
- ASAPP Information Group - India
- Heidelberg Cement - Germany
- Standard Chartered Bank - UAE
- Ceylon Electricity Board - Sri Lanka
- Gujarat Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Sindya Power Generating Company Private Ltd
- Bukit Makmur.PT - Indonesia
- Sical Logistics Limited - India
- Ministry of Mines - Canada
- Global Business Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Toyota Tsusho Corporation, Japan
- Straits Asia Resources Limited - Singapore
- Samtan Co., Ltd - South Korea
- Price Waterhouse Coopers - Russia
- GN Power Mariveles Coal Plant, Philippines
- Latin American Coal - Colombia
- Power Finance Corporation Ltd., India
- Romanian Commodities Exchange
- Alfred C Toepfer International GmbH - Germany
- Larsen & Toubro Limited - India
- Grasim Industreis Ltd - India
- White Energy Company Limited
- Central Electricity Authority - India
- Kalimantan Lumbung Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ambuja Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Petron Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Karaikal Port Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Commonwealth Bank - Australia
- Deloitte Consulting - India
- Siam City Cement PLC, Thailand
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- Indian Oil Corporation Limited
- Bharathi Cement Corporation - India
- Barasentosa Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Chettinad Cement Corporation Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining Corp, Philippines
- Wilmar Investment Holdings
- PTC India Limited - India
- Sojitz Corporation - Japan
- India Bulls Power Limited - India
- Chamber of Mines of South Africa
- Therma Luzon, Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ICICI Bank Limited - India
- Edison Trading Spa - Italy
- Xindia Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Tamil Nadu electricity Board
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- Aboitiz Power Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- Binh Thuan Hamico - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Agrawal Coal Company - India
- GMR Energy Limited - India
- Goldman Sachs - Singapore
- Riau Bara Harum - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Madhucon Powers Ltd - India
- Mintek Dendrill Indonesia
- Manunggal Multi Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Indika Energy - Indonesia
- Economic Council, Georgia
- Jindal Steel & Power Ltd - India
- SMC Global Power, Philippines
- Central Java Power - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Cigading International Bulk Terminal - Indonesia
- Vedanta Resources Plc - India
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- GVK Power & Infra Limited - India
- Oldendorff Carriers - Singapore
- The University of Queensland
- SN Aboitiz Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Thai Mozambique Logistica
- Baramulti Group, Indonesia
- Ministry of Transport, Egypt
- Port Waratah Coal Services - Australia
- Bayan Resources Tbk. - Indonesia
- Jaiprakash Power Ventures ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Generating Authority of Thailand
- Meralco Power Generation, Philippines
- CIMB Investment Bank - Malaysia
- Anglo American - United Kingdom
- PNOC Exploration Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Salva Resources Pvt Ltd - India
- Singapore Mercantile Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Altura Mining Limited, Indonesia
- Global Green Power PLC Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coal and Oil Company - UAE
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- Star Paper Mills Limited - India
- VISA Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Cement Manufacturers Association - India
- Borneo Indobara - Indonesia
- Africa Commodities Group - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CNBM International Corporation - China
- Attock Cement Pakistan Limited
- Merrill Lynch Commodities Europe
- Bhoruka Overseas - Indonesia
- Interocean Group of Companies - India
- Thiess Contractors Indonesia
- Timah Investasi Mineral - Indoneisa
- IEA Clean Coal Centre - UK
- Aditya Birla Group - India
- GAC Shipping (India) Pvt Ltd
- Kapuas Tunggal Persada - Indonesia
- Parliament of New Zealand
- San Jose City I Power Corp, Philippines
- Electricity Authority, New Zealand
- Mercator Lines Limited - India
- Wood Mackenzie - Singapore
- The Treasury - Australian Government
- Banpu Public Company Limited - Thailand
- Indogreen Group - Indonesia
- Antam Resourcindo - Indonesia
- Coastal Gujarat Power Limited - India
- Minerals Council of Australia
- PowerSource Philippines DevCo
- Indian Energy Exchange, India
- Rashtriya Ispat Nigam Limited - India
- Videocon Industries ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Finance - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Trasteel International SA, Italy
- Australian Commodity Traders Exchange
- Simpson Spence & Young - Indonesia
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