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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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Tuesday, 15 March 16
ADARO ENERGY LOWERED ITS COAL CASH COST BY 16% TO US$ 27.98 PER TONE IN 2015
Difficult Coal Market Condition Persists in 2015, Adaro Lowers Costs, Reduces Capital Spending and Maintains Solid Liquidity.
PT Adaro E ...
Monday, 14 March 16
THE CS 50 INDEX ROSE $0.16 OR, 0.41% TO $38.82 A TON
COALspot.com: Average 5000 GAR coal index of Indonesian origin rose 0.41 percent week over week to averaging $38.82 per ton on this past Friday, ac ...
Monday, 14 March 16
THE BALTIC EXCHANGE CONTINUED TO ROSE THIS PAST WEEK
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities continued to rise this week helped by higher rates for pa ...
Saturday, 12 March 16
PLN, COAL COMPANIES IN TALKS ABOUT PRICES - THE JAKARTA POST
Following a study that predicted that Indonesia would struggle to provide coal for its power stations in the near future, the government will facil ...
Friday, 11 March 16
ADANI GLOBAL BAGS 0.26 MILLION TONS OF COAL CONTRACT FROM LANKA COAL COMPANY
COALspot.com: Lanka Coal Company (Private) Limited, Sri Lanka has awarded 260,000 +/- 10% tons of Power plant 6300 GAR calorific value coal to Adan ...
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Showing 2521 to 2525 news of total 6871 |
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- Sojitz Corporation - Japan
- Wood Mackenzie - Singapore
- Independent Power Producers Association of India
- Rashtriya Ispat Nigam Limited - India
- Holcim Trading Pte Ltd - Singapore
- Eastern Coal Council - USA
- Global Business Power Corporation, Philippines
- McConnell Dowell - Australia
- Sree Jayajothi Cements Limited - India
- IEA Clean Coal Centre - UK
- Kideco Jaya Agung - Indonesia
- Global Coal Blending Company Limited - Australia
- Binh Thuan Hamico - Vietnam
- Parliament of New Zealand
- Straits Asia Resources Limited - Singapore
- Karaikal Port Pvt Ltd - India
- Chamber of Mines of South Africa
- Electricity Generating Authority of Thailand
- Semirara Mining and Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Bharathi Cement Corporation - India
- Indian Oil Corporation Limited
- Mercuria Energy - Indonesia
- Oldendorff Carriers - Singapore
- Bhushan Steel Limited - India
- Bangladesh Power Developement Board
- Cement Manufacturers Association - India
- Jindal Steel & Power Ltd - India
- SMG Consultants - Indonesia
- Goldman Sachs - Singapore
- Iligan Light & Power Inc, Philippines
- Parry Sugars Refinery, India
- SMC Global Power, Philippines
- Bhatia International Limited - India
- Ceylon Electricity Board - Sri Lanka
- Jaiprakash Power Ventures ltd
- Intertek Mineral Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thiess Contractors Indonesia
- Rio Tinto Coal - Australia
- SN Aboitiz Power Inc, Philippines
- Grasim Industreis Ltd - India
- LBH Netherlands Bv - Netherlands
- VISA Power Limited - India
- Siam City Cement - Thailand
- Planning Commission, India
- Merrill Lynch Commodities Europe
- Renaissance Capital - South Africa
- Coal and Oil Company - UAE
- Banpu Public Company Limited - Thailand
- New Zealand Coal & Carbon
- ICICI Bank Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Energy Development Corp, Philippines
- Orica Mining Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Latin American Coal - Colombia
- Neyveli Lignite Corporation Ltd, - India
- Antam Resourcindo - Indonesia
- Edison Trading Spa - Italy
- GAC Shipping (India) Pvt Ltd
- Tata Chemicals Ltd - India
- Anglo American - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Kobexindo Tractors - Indoneisa
- Xindia Steels Limited - India
- Australian Commodity Traders Exchange
- Central Java Power - Indonesia
- The Treasury - Australian Government
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Deloitte Consulting - India
- GVK Power & Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Toyota Tsusho Corporation, Japan
- Kaltim Prima Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Electricity Authority, New Zealand
- Ind-Barath Power Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Transport, Egypt
- Therma Luzon, Inc, Philippines
- Barasentosa Lestari - Indonesia
- Interocean Group of Companies - India
- Uttam Galva Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Essar Steel Hazira Ltd - India
- India Bulls Power Limited - India
- Meralco Power Generation, Philippines
- Star Paper Mills Limited - India
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- Romanian Commodities Exchange
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- Billiton Holdings Pty Ltd - Australia
- MS Steel International - UAE
- Videocon Industries ltd - India
- CNBM International Corporation - China
- London Commodity Brokers - England
- Bhoruka Overseas - Indonesia
- Posco Energy - South Korea
- IHS Mccloskey Coal Group - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Indo Tambangraya Megah - Indonesia
- The State Trading Corporation of India Ltd
- Dalmia Cement Bharat India
- South Luzon Thermal Energy Corporation
- Indika Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Africa Commodities Group - South Africa
- Port Waratah Coal Services - Australia
- Vizag Seaport Private Limited - India
- European Bulk Services B.V. - Netherlands
- Central Electricity Authority - India
- Bukit Makmur.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Medco Energi Mining Internasional
- Metalloyd Limited - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Georgia Ports Authority, United States
- Pendopo Energi Batubara - Indonesia
- Coastal Gujarat Power Limited - India
- Energy Link Ltd, New Zealand
- Riau Bara Harum - Indonesia
- Thai Mozambique Logistica
- Lanco Infratech Ltd - India
- Altura Mining Limited, Indonesia
- Semirara Mining Corp, Philippines
- Minerals Council of Australia
- TNB Fuel Sdn Bhd - Malaysia
- Orica Australia Pty. Ltd.
- Leighton Contractors Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Indonesian Coal Mining Association
- PNOC Exploration Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Gujarat Sidhee Cement - India
- Indogreen Group - Indonesia
- Bukit Baiduri Energy - Indonesia
- Ministry of Finance - Indonesia
- Globalindo Alam Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Heidelberg Cement - Germany
- Coalindo Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Maharashtra Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Sindya Power Generating Company Private Ltd
- Economic Council, Georgia
- Petron Corporation, Philippines
- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- Price Waterhouse Coopers - Russia
- Commonwealth Bank - Australia
- San Jose City I Power Corp, Philippines
- Mjunction Services Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Mintek Dendrill Indonesia
- CIMB Investment Bank - Malaysia
- Mercator Lines Limited - India
- Vedanta Resources Plc - India
- GN Power Mariveles Coal Plant, Philippines
- Maheswari Brothers Coal Limited - India
- Aboitiz Power Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Manunggal Multi Energi - Indonesia
- Carbofer General Trading SA - India
- Larsen & Toubro Limited - India
- Salva Resources Pvt Ltd - India
- Trasteel International SA, Italy
- Ambuja Cements Ltd - India
- White Energy Company Limited
- Attock Cement Pakistan Limited
- Miang Besar Coal Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Wilmar Investment Holdings
- Kumho Petrochemical, South Korea
- Sical Logistics Limited - India
- Makarim & Taira - Indonesia
- Sakthi Sugars Limited - India
- Meenaskhi Energy Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Indian Energy Exchange, India
- Samtan Co., Ltd - South Korea
- PowerSource Philippines DevCo
- Power Finance Corporation Ltd., India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Eastern Energy - Thailand
- Malabar Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement PLC, Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Baramulti Group, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kartika Selabumi Mining - Indonesia
- Ministry of Mines - Canada
- Vijayanagar Sugar Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Tamil Nadu electricity Board
- GMR Energy Limited - India
- Directorate Of Revenue Intelligence - India
- The University of Queensland
- OPG Power Generation Pvt Ltd - India
- Aditya Birla Group - India
- Marubeni Corporation - India
- PTC India Limited - India
- Gujarat Electricity Regulatory Commission - India
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