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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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Wednesday, 25 May 16
DRY BULK SNP MARKET DISPLAYS SIGNS OF STRENGTH - GEORGE ILIOPOULOS
Only a couple of weeks away from the world’s most prominent maritime event, the market for tankers displays an evident lack of confidence in ...
Tuesday, 24 May 16
WEEKLY CS COAL INDICES NEGATIVE FOR ALL TYPES OF COAL EXCEPT 3800 GAR COAL
COALspot.com: Average 5000 GAR coal index of Indonesian origin was down 0.10 percent week over week to averaging $38.90 per ton this past week, sho ...
Monday, 23 May 16
A PERFECT STORM FOR INDONESIAN STEAM COAL EXPORTS - CLARKSON RESEARCH
Indonesia is the world’s leading steam coal exporter, accounting for over 40% of global seaborne steam coal exports since 2010. However in 20 ...
Monday, 23 May 16
THE PANAMAX INDEX WAS UP 17 POINTS W/W
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose this week.
The freight market was firm and all ...
Friday, 20 May 16
SHIPBUILDING CONTRACTS: CAN I CANCEL? SHOULD I CANCEL? - THE SHIPOWNER CLUB
KNOWLEDGE TO ELEVATE
There are many circumstances in which a buyer of a new-build vessel might want to terminate or cancel their contract with ...
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Showing 2421 to 2425 news of total 6871 |
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- Chettinad Cement Corporation Ltd - India
- Energy Development Corp, Philippines
- Cement Manufacturers Association - India
- Kalimantan Lumbung Energi - Indonesia
- Bharathi Cement Corporation - India
- Edison Trading Spa - Italy
- Coalindo Energy - Indonesia
- Petron Corporation, Philippines
- ASAPP Information Group - India
- Agrawal Coal Company - India
- Mjunction Services Limited - India
- Independent Power Producers Association of India
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- Indian Oil Corporation Limited
- MS Steel International - UAE
- Baramulti Group, Indonesia
- Wood Mackenzie - Singapore
- Ind-Barath Power Infra Limited - India
- The University of Queensland
- The Treasury - Australian Government
- ICICI Bank Limited - India
- London Commodity Brokers - England
- European Bulk Services B.V. - Netherlands
- Interocean Group of Companies - India
- Orica Australia Pty. Ltd.
- Sojitz Corporation - Japan
- Maheswari Brothers Coal Limited - India
- Grasim Industreis Ltd - India
- Indian Energy Exchange, India
- Standard Chartered Bank - UAE
- Africa Commodities Group - South Africa
- Antam Resourcindo - Indonesia
- Economic Council, Georgia
- GMR Energy Limited - India
- The State Trading Corporation of India Ltd
- PNOC Exploration Corporation - Philippines
- White Energy Company Limited
- Samtan Co., Ltd - South Korea
- Gujarat Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Banpu Public Company Limited - Thailand
- India Bulls Power Limited - India
- PTC India Limited - India
- Xindia Steels Limited - India
- New Zealand Coal & Carbon
- AsiaOL BioFuels Corp., Philippines
- Dalmia Cement Bharat India
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Renaissance Capital - South Africa
- Holcim Trading Pte Ltd - Singapore
- Vizag Seaport Private Limited - India
- Ministry of Finance - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- PowerSource Philippines DevCo
- Chamber of Mines of South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coal and Oil Company - UAE
- Barasentosa Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Deloitte Consulting - India
- Sakthi Sugars Limited - India
- Rashtriya Ispat Nigam Limited - India
- Ceylon Electricity Board - Sri Lanka
- Heidelberg Cement - Germany
- Straits Asia Resources Limited - Singapore
- Billiton Holdings Pty Ltd - Australia
- Star Paper Mills Limited - India
- Ministry of Mines - Canada
- CNBM International Corporation - China
- Intertek Mineral Services - Indonesia
- Bulk Trading Sa - Switzerland
- Posco Energy - South Korea
- Wilmar Investment Holdings
- International Coal Ventures Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- Malabar Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Commonwealth Bank - Australia
- LBH Netherlands Bv - Netherlands
- Pendopo Energi Batubara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Directorate Of Revenue Intelligence - India
- Bhushan Steel Limited - India
- Alfred C Toepfer International GmbH - Germany
- Kobexindo Tractors - Indoneisa
- Sree Jayajothi Cements Limited - India
- Global Green Power PLC Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Jaiprakash Power Ventures ltd
- Essar Steel Hazira Ltd - India
- Metalloyd Limited - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Tamil Nadu electricity Board
- Kepco SPC Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement - Thailand
- Madhucon Powers Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Krishnapatnam Port Company Ltd. - India
- Iligan Light & Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Therma Luzon, Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Savvy Resources Ltd - HongKong
- Semirara Mining and Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Vedanta Resources Plc - India
- Directorate General of MIneral and Coal - Indonesia
- Central Java Power - Indonesia
- Sindya Power Generating Company Private Ltd
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- SMC Global Power, Philippines
- Electricity Authority, New Zealand
- Siam City Cement PLC, Thailand
- Meralco Power Generation, Philippines
- Mercator Lines Limited - India
- Toyota Tsusho Corporation, Japan
- Ministry of Transport, Egypt
- Jindal Steel & Power Ltd - India
- Marubeni Corporation - India
- Uttam Galva Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Indogreen Group - Indonesia
- Oldendorff Carriers - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Trasteel International SA, Italy
- Rio Tinto Coal - Australia
- Electricity Generating Authority of Thailand
- SN Aboitiz Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Australian Commodity Traders Exchange
- Attock Cement Pakistan Limited
- Mintek Dendrill Indonesia
- Simpson Spence & Young - Indonesia
- Central Electricity Authority - India
- TeaM Sual Corporation - Philippines
- Riau Bara Harum - Indonesia
- Carbofer General Trading SA - India
- GVK Power & Infra Limited - India
- Merrill Lynch Commodities Europe
- Neyveli Lignite Corporation Ltd, - India
- South Luzon Thermal Energy Corporation
- Indika Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Australian Coal Association
- Binh Thuan Hamico - Vietnam
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- Goldman Sachs - Singapore
- IHS Mccloskey Coal Group - USA
- Medco Energi Mining Internasional
- McConnell Dowell - Australia
- Makarim & Taira - Indonesia
- Ambuja Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- VISA Power Limited - India
- Tata Chemicals Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Eastern Energy - Thailand
- Timah Investasi Mineral - Indoneisa
- Bhatia International Limited - India
- Sical Logistics Limited - India
- Parliament of New Zealand
- SMG Consultants - Indonesia
- Power Finance Corporation Ltd., India
- Asmin Koalindo Tuhup - Indonesia
- Thai Mozambique Logistica
- Indo Tambangraya Megah - Indonesia
- Borneo Indobara - Indonesia
- Singapore Mercantile Exchange
- PetroVietnam Power Coal Import and Supply Company
- Thiess Contractors Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Videocon Industries ltd - India
- Aditya Birla Group - India
- Bangladesh Power Developement Board
- Kideco Jaya Agung - Indonesia
- Energy Link Ltd, New Zealand
- Indonesian Coal Mining Association
- Minerals Council of Australia
- Romanian Commodities Exchange
- Latin American Coal - Colombia
- Kapuas Tunggal Persada - Indonesia
- Price Waterhouse Coopers - Russia
- Bayan Resources Tbk. - Indonesia
- Anglo American - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Kartika Selabumi Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Semirara Mining Corp, Philippines
- IEA Clean Coal Centre - UK
- Globalindo Alam Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Eastern Coal Council - USA
- Georgia Ports Authority, United States
- Larsen & Toubro Limited - India
- Aboitiz Power Corporation - Philippines
- Orica Mining Services - Indonesia
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