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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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Thursday, 19 November 15
Q3' 16 RICHARDS BAY COAL SWAP CLOSED 9% LOWER THAN Q1' 16 DELIVERY PRICE
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q1’ 2016 up week over week and month over month.
The Q1’ 2016 swa ...
Thursday, 19 November 15
RATES FOR CAPES KEPT MOVING SOUTH - INTERMODAL
COALspot.com: With the BDI currently standing at less than 30 points above the historical lows marked in February this year and with activity acros ...
Wednesday, 18 November 15
MARKET (SHIPPING) INSIGHT - THEODORE NTALAKOS
Supply VS Demand
According to data from the IMF, global growth for 2015 is projected at 3.1 percent, 0.3 percentage point lower than in 2014, ...
Tuesday, 17 November 15
KOMIPO INVITES BIDS FOR (SEMI) ANTHRACITE COAL FOR SEOCHEON POWER PLANT
COALspot.com: South Korean state-owned utility Korea Midland Power (KOMIPO) issued an new tender for 70,000 Metric Tons of (Semi) Anthracite for Ja ...
Tuesday, 17 November 15
FOB NEWCASTLE COAL SWAPS FALL: Q1'16 SLID 11.45% M-M
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2016 delivery slid $4.75 per ton (11.45%) month over month to US$ 36.75 per ton. The swap ...
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Showing 2706 to 2710 news of total 6871 |
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- Holcim Trading Pte Ltd - Singapore
- Kobexindo Tractors - Indoneisa
- Meralco Power Generation, Philippines
- Star Paper Mills Limited - India
- Ambuja Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining Corp, Philippines
- Aditya Birla Group - India
- Central Java Power - Indonesia
- Borneo Indobara - Indonesia
- Electricity Generating Authority of Thailand
- SMC Global Power, Philippines
- Semirara Mining and Power Corporation, Philippines
- Sojitz Corporation - Japan
- Cement Manufacturers Association - India
- Gujarat Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Trasteel International SA, Italy
- GN Power Mariveles Coal Plant, Philippines
- Bhatia International Limited - India
- Bhoruka Overseas - Indonesia
- Siam City Cement PLC, Thailand
- Independent Power Producers Association of India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Electricity Authority - India
- Thai Mozambique Logistica
- Heidelberg Cement - Germany
- Africa Commodities Group - South Africa
- Grasim Industreis Ltd - India
- Vizag Seaport Private Limited - India
- Indika Energy - Indonesia
- Lanco Infratech Ltd - India
- Savvy Resources Ltd - HongKong
- Kideco Jaya Agung - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Sinarmas Energy and Mining - Indonesia
- Indonesian Coal Mining Association
- ICICI Bank Limited - India
- IHS Mccloskey Coal Group - USA
- Latin American Coal - Colombia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMG Consultants - Indonesia
- Aboitiz Power Corporation - Philippines
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indo Tambangraya Megah - Indonesia
- MS Steel International - UAE
- Manunggal Multi Energi - Indonesia
- Mjunction Services Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Bhushan Steel Limited - India
- Australian Coal Association
- Australian Commodity Traders Exchange
- Mercator Lines Limited - India
- PTC India Limited - India
- Interocean Group of Companies - India
- Cigading International Bulk Terminal - Indonesia
- Wood Mackenzie - Singapore
- Toyota Tsusho Corporation, Japan
- Oldendorff Carriers - Singapore
- Sakthi Sugars Limited - India
- South Luzon Thermal Energy Corporation
- Meenaskhi Energy Private Limited - India
- Simpson Spence & Young - Indonesia
- Coastal Gujarat Power Limited - India
- Sree Jayajothi Cements Limited - India
- Videocon Industries ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Kohat Cement Company Ltd. - Pakistan
- Coal and Oil Company - UAE
- Eastern Coal Council - USA
- Indogreen Group - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Barasentosa Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Carbofer General Trading SA - India
- Kumho Petrochemical, South Korea
- Miang Besar Coal Terminal - Indonesia
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Jaiprakash Power Ventures ltd
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Larsen & Toubro Limited - India
- Xindia Steels Limited - India
- New Zealand Coal & Carbon
- Economic Council, Georgia
- Riau Bara Harum - Indonesia
- ASAPP Information Group - India
- Sarangani Energy Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- Gujarat Sidhee Cement - India
- Maharashtra Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- Dalmia Cement Bharat India
- McConnell Dowell - Australia
- Siam City Cement - Thailand
- Global Business Power Corporation, Philippines
- London Commodity Brokers - England
- Asmin Koalindo Tuhup - Indonesia
- Essar Steel Hazira Ltd - India
- Bharathi Cement Corporation - India
- Agrawal Coal Company - India
- SN Aboitiz Power Inc, Philippines
- Mintek Dendrill Indonesia
- Samtan Co., Ltd - South Korea
- Binh Thuan Hamico - Vietnam
- Romanian Commodities Exchange
- OPG Power Generation Pvt Ltd - India
- Electricity Authority, New Zealand
- The University of Queensland
- Attock Cement Pakistan Limited
- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
- Makarim & Taira - Indonesia
- Bangladesh Power Developement Board
- CNBM International Corporation - China
- Power Finance Corporation Ltd., India
- Eastern Energy - Thailand
- Salva Resources Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Indian Oil Corporation Limited
- IEA Clean Coal Centre - UK
- Straits Asia Resources Limited - Singapore
- GMR Energy Limited - India
- Uttam Galva Steels Limited - India
- VISA Power Limited - India
- Medco Energi Mining Internasional
- Kartika Selabumi Mining - Indonesia
- Vedanta Resources Plc - India
- Global Coal Blending Company Limited - Australia
- Chettinad Cement Corporation Ltd - India
- Tamil Nadu electricity Board
- Parliament of New Zealand
- Leighton Contractors Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
- International Coal Ventures Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Energy Link Ltd, New Zealand
- Parry Sugars Refinery, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rio Tinto Coal - Australia
- India Bulls Power Limited - India
- Anglo American - United Kingdom
- PowerSource Philippines DevCo
- Karaikal Port Pvt Ltd - India
- Coalindo Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Indian Energy Exchange, India
- Sical Logistics Limited - India
- Bukit Makmur.PT - Indonesia
- Petron Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- TeaM Sual Corporation - Philippines
- Antam Resourcindo - Indonesia
- Port Waratah Coal Services - Australia
- Directorate Of Revenue Intelligence - India
- Bayan Resources Tbk. - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Iligan Light & Power Inc, Philippines
- Ministry of Mines - Canada
- White Energy Company Limited
- Thiess Contractors Indonesia
- Maheswari Brothers Coal Limited - India
- Renaissance Capital - South Africa
- Tata Chemicals Ltd - India
- San Jose City I Power Corp, Philippines
- Orica Australia Pty. Ltd.
- Bukit Baiduri Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Deloitte Consulting - India
- Edison Trading Spa - Italy
- Kepco SPC Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Standard Chartered Bank - UAE
- Altura Mining Limited, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Orica Mining Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Jindal Steel & Power Ltd - India
- Ministry of Transport, Egypt
- Metalloyd Limited - United Kingdom
- Chamber of Mines of South Africa
- Price Waterhouse Coopers - Russia
- GVK Power & Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
- Bank of Tokyo Mitsubishi UFJ Ltd
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- Marubeni Corporation - India
- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Georgia Ports Authority, United States
- Ministry of Finance - Indonesia
- Wilmar Investment Holdings
- Banpu Public Company Limited - Thailand
- Energy Development Corp, Philippines
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