We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 08 February 16
DRY-BULK SHIPPING DIVING DEEP
COALspot.com: The freight markets continued to fall this past week.
The Baltic Dry Index (BDI) of dry-bulk shipping freights, a measure of glo ...
Monday, 08 February 16
DRY BULK: SHIPBROKER SEES BDI MARKET REACHING LOW POINT OF 236 POINTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The endless pit that is the dry bulk market over the past two months, has been the issue of debate among ship owners, shipbroker and analysts alike ...
Friday, 05 February 16
COAL INDIA EYES COAL MINES IN SOUTH AFRICA - PTI
“Coal India Ltd has plans of acquiring coal mines in South Africa,” an official said. It is looking at acquiring mines in partnership w ...
Friday, 05 February 16
U.S. WEEKLY COAL OUTPUT ROSE 4.2% TO 13.6 MMST
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 13.6 million shor ...
Thursday, 04 February 16
CAPESIZE: WEST AUSTRALIAN TO CHINA HAS BEEN CONCLUDED AT US$ 2.85 PMT AND THE C3 MARKET REMAINS INACTIVE - FEARNLEYS
Capesize
As everyone is getting ready for the Chinese new year, already depressed rates are under further pressure.
According to Fearnleys, ...
|
|
|
Showing 2571 to 2575 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Meralco Power Generation, Philippines
- GAC Shipping (India) Pvt Ltd
- Thai Mozambique Logistica
- Kobexindo Tractors - Indoneisa
- CIMB Investment Bank - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Ind-Barath Power Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Baramulti Group, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- Semirara Mining Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- VISA Power Limited - India
- Star Paper Mills Limited - India
- IHS Mccloskey Coal Group - USA
- Meenaskhi Energy Private Limited - India
- Central Java Power - Indonesia
- International Coal Ventures Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Electricity Authority, New Zealand
- Eastern Energy - Thailand
- Sindya Power Generating Company Private Ltd
- Dalmia Cement Bharat India
- Krishnapatnam Port Company Ltd. - India
- Africa Commodities Group - South Africa
- Attock Cement Pakistan Limited
- Pendopo Energi Batubara - Indonesia
- Vedanta Resources Plc - India
- OPG Power Generation Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Parry Sugars Refinery, India
- South Luzon Thermal Energy Corporation
- Independent Power Producers Association of India
- Bukit Makmur.PT - Indonesia
- SMC Global Power, Philippines
- Kumho Petrochemical, South Korea
- Price Waterhouse Coopers - Russia
- Coal and Oil Company - UAE
- Rio Tinto Coal - Australia
- Heidelberg Cement - Germany
- Deloitte Consulting - India
- Antam Resourcindo - Indonesia
- White Energy Company Limited
- Bulk Trading Sa - Switzerland
- Petrochimia International Co. Ltd.- Taiwan
- Essar Steel Hazira Ltd - India
- Wood Mackenzie - Singapore
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- Savvy Resources Ltd - HongKong
- Semirara Mining and Power Corporation, Philippines
- Aditya Birla Group - India
- Sinarmas Energy and Mining - Indonesia
- Ambuja Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Posco Energy - South Korea
- Ministry of Finance - Indonesia
- Tamil Nadu electricity Board
- Sical Logistics Limited - India
- Uttam Galva Steels Limited - India
- MS Steel International - UAE
- Indogreen Group - Indonesia
- Global Green Power PLC Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Sakthi Sugars Limited - India
- Cement Manufacturers Association - India
- IEA Clean Coal Centre - UK
- Ministry of Mines - Canada
- SMG Consultants - Indonesia
- Ministry of Transport, Egypt
- Indian Energy Exchange, India
- Anglo American - United Kingdom
- New Zealand Coal & Carbon
- Global Coal Blending Company Limited - Australia
- Grasim Industreis Ltd - India
- GVK Power & Infra Limited - India
- TeaM Sual Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Latin American Coal - Colombia
- Electricity Generating Authority of Thailand
- The Treasury - Australian Government
- Bahari Cakrawala Sebuku - Indonesia
- Bangladesh Power Developement Board
- Riau Bara Harum - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Maheswari Brothers Coal Limited - India
- Therma Luzon, Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Borneo Indobara - Indonesia
- PowerSource Philippines DevCo
- Kepco SPC Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Bhoruka Overseas - Indonesia
- Standard Chartered Bank - UAE
- Power Finance Corporation Ltd., India
- Indian Oil Corporation Limited
- Altura Mining Limited, Indonesia
- Planning Commission, India
- Orica Mining Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kideco Jaya Agung - Indonesia
- Salva Resources Pvt Ltd - India
- Indika Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Tata Chemicals Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Goldman Sachs - Singapore
- Economic Council, Georgia
- Merrill Lynch Commodities Europe
- Malabar Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Electricity Authority - India
- GMR Energy Limited - India
- Gujarat Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Medco Energi Mining Internasional
- LBH Netherlands Bv - Netherlands
- ASAPP Information Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Globalindo Alam Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Coastal Gujarat Power Limited - India
- Siam City Cement - Thailand
- Sree Jayajothi Cements Limited - India
- Indonesian Coal Mining Association
- San Jose City I Power Corp, Philippines
- Simpson Spence & Young - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Energy Development Corp, Philippines
- Australian Coal Association
- Edison Trading Spa - Italy
- Singapore Mercantile Exchange
- European Bulk Services B.V. - Netherlands
- Port Waratah Coal Services - Australia
- Orica Australia Pty. Ltd.
- Miang Besar Coal Terminal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Eastern Coal Council - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- Lanco Infratech Ltd - India
- Sojitz Corporation - Japan
- Chamber of Mines of South Africa
- PNOC Exploration Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Petron Corporation, Philippines
- Marubeni Corporation - India
- Mjunction Services Limited - India
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Oldendorff Carriers - Singapore
- Thiess Contractors Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Formosa Plastics Group - Taiwan
- Mercator Lines Limited - India
- Chettinad Cement Corporation Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Romanian Commodities Exchange
- Vizag Seaport Private Limited - India
- McConnell Dowell - Australia
- Xindia Steels Limited - India
- Madhucon Powers Ltd - India
- Bhatia International Limited - India
- Kaltim Prima Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Directorate General of MIneral and Coal - Indonesia
- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- London Commodity Brokers - England
- Kapuas Tunggal Persada - Indonesia
- Minerals Council of Australia
- Bharathi Cement Corporation - India
- Trasteel International SA, Italy
- ICICI Bank Limited - India
- Energy Link Ltd, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- The University of Queensland
- Parliament of New Zealand
- Wilmar Investment Holdings
- Manunggal Multi Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Videocon Industries ltd - India
- Intertek Mineral Services - Indonesia
- Larsen & Toubro Limited - India
- Commonwealth Bank - Australia
- Makarim & Taira - Indonesia
- Agrawal Coal Company - India
- SN Aboitiz Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Mercuria Energy - Indonesia
- Samtan Co., Ltd - South Korea
- India Bulls Power Limited - India
- The State Trading Corporation of India Ltd
- CNBM International Corporation - China
- Interocean Group of Companies - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
- PTC India Limited - India
- Carbofer General Trading SA - India
|
| |
| |
|
