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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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Friday, 24 July 15
U.S PRODUCED 17.2 MMST OF COAL FOR THE WEEK ENDED JULY 18; FELL 11.5% YEAR ON YEAR
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 17.2 million shor ...
Friday, 24 July 15
THE IMPACT OF COLLAPSING CHINESE COAL IMPORTS - CLARKSONS
Global seaborne coal trade is currently projected to drop 1% y-o-y in 2015, which would be the first annual decline in almost three decades. The dr ...
Thursday, 23 July 15
ELEVEN NEW NICKEL SMELTERS ARE TO BE BUILT IN INDONESIA OVER THE NEXT TWO YEARS AT A COST OF $1.4 BILLION
Indonesia’s Most Reputable Nickel Event
Eleven new nickel smelters are to be built in Indonesia over the next two years at a cost of $1. ...
Thursday, 23 July 15
THE CAPESIZE SEGMENT KEPT FOUNDING SUPPORT ON INCREASED DEMAND FROM CHINESE STEEL MILLS - INTERMODAL
The Dry Bulk market closed off on Friday (17July 2015) noting substantial gains and the BDI surpassing the 1,000 points level for the first time af ...
Wednesday, 22 July 15
SHIPPING MARKET INSIGHT - PANOS TSILINGIRIS | INTERMODAL
In both bulk shipping sectors, there are certain, yet different, reasons and strategies to invest. In the wet, buy once you can charter-out long, w ...
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- Jorong Barutama Greston.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- Energy Development Corp, Philippines
- Thai Mozambique Logistica
- Straits Asia Resources Limited - Singapore
- Kumho Petrochemical, South Korea
- Sinarmas Energy and Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Semirara Mining and Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement PLC, Thailand
- Planning Commission, India
- Riau Bara Harum - Indonesia
- Global Business Power Corporation, Philippines
- Indogreen Group - Indonesia
- Singapore Mercantile Exchange
- Vedanta Resources Plc - India
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- Economic Council, Georgia
- Sakthi Sugars Limited - India
- Mercator Lines Limited - India
- Bangladesh Power Developement Board
- Oldendorff Carriers - Singapore
- Gujarat Sidhee Cement - India
- Anglo American - United Kingdom
- Bharathi Cement Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Holcim Trading Pte Ltd - Singapore
- Eastern Coal Council - USA
- AsiaOL BioFuels Corp., Philippines
- Power Finance Corporation Ltd., India
- Larsen & Toubro Limited - India
- Samtan Co., Ltd - South Korea
- Toyota Tsusho Corporation, Japan
- Ind-Barath Power Infra Limited - India
- Bulk Trading Sa - Switzerland
- The University of Queensland
- Maheswari Brothers Coal Limited - India
- Antam Resourcindo - Indonesia
- Manunggal Multi Energi - Indonesia
- Australian Commodity Traders Exchange
- Ministry of Transport, Egypt
- Aboitiz Power Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Rio Tinto Coal - Australia
- Commonwealth Bank - Australia
- Meralco Power Generation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Grasim Industreis Ltd - India
- Central Electricity Authority - India
- Miang Besar Coal Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Merrill Lynch Commodities Europe
- Pendopo Energi Batubara - Indonesia
- Formosa Plastics Group - Taiwan
- Energy Link Ltd, New Zealand
- India Bulls Power Limited - India
- Star Paper Mills Limited - India
- Port Waratah Coal Services - Australia
- SN Aboitiz Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Independent Power Producers Association of India
- Coalindo Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Leighton Contractors Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Uttam Galva Steels Limited - India
- IEA Clean Coal Centre - UK
- Jindal Steel & Power Ltd - India
- Mercuria Energy - Indonesia
- Semirara Mining Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Central Java Power - Indonesia
- LBH Netherlands Bv - Netherlands
- Intertek Mineral Services - Indonesia
- Carbofer General Trading SA - India
- Gujarat Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- SMC Global Power, Philippines
- London Commodity Brokers - England
- Parry Sugars Refinery, India
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- Directorate Of Revenue Intelligence - India
- VISA Power Limited - India
- Mintek Dendrill Indonesia
- Metalloyd Limited - United Kingdom
- Romanian Commodities Exchange
- Kaltim Prima Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Goldman Sachs - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Agrawal Coal Company - India
- Asmin Koalindo Tuhup - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Minerals Council of Australia
- Siam City Cement - Thailand
- GVK Power & Infra Limited - India
- San Jose City I Power Corp, Philippines
- CNBM International Corporation - China
- Timah Investasi Mineral - Indoneisa
- Therma Luzon, Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Lanco Infratech Ltd - India
- McConnell Dowell - Australia
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- Tamil Nadu electricity Board
- TeaM Sual Corporation - Philippines
- GMR Energy Limited - India
- Bukit Baiduri Energy - Indonesia
- Indian Energy Exchange, India
- SMG Consultants - Indonesia
- Ministry of Finance - Indonesia
- Orica Australia Pty. Ltd.
- PNOC Exploration Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Africa Commodities Group - South Africa
- Videocon Industries ltd - India
- IHS Mccloskey Coal Group - USA
- Bhatia International Limited - India
- Kartika Selabumi Mining - Indonesia
- ICICI Bank Limited - India
- PowerSource Philippines DevCo
- Kapuas Tunggal Persada - Indonesia
- Deloitte Consulting - India
- Parliament of New Zealand
- Borneo Indobara - Indonesia
- ASAPP Information Group - India
- Karbindo Abesyapradhi - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Sojitz Corporation - Japan
- Ambuja Cements Ltd - India
- Tata Chemicals Ltd - India
- Sical Logistics Limited - India
- The Treasury - Australian Government
- Wilmar Investment Holdings
- Wood Mackenzie - Singapore
- Rashtriya Ispat Nigam Limited - India
- Latin American Coal - Colombia
- New Zealand Coal & Carbon
- Marubeni Corporation - India
- Baramulti Group, Indonesia
- Kepco SPC Power Corporation, Philippines
- Georgia Ports Authority, United States
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Banpu Public Company Limited - Thailand
- Simpson Spence & Young - Indonesia
- South Luzon Thermal Energy Corporation
- Xindia Steels Limited - India
- Makarim & Taira - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Sarangani Energy Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Attock Cement Pakistan Limited
- Global Green Power PLC Corporation, Philippines
- Orica Mining Services - Indonesia
- Heidelberg Cement - Germany
- Electricity Authority, New Zealand
- Renaissance Capital - South Africa
- Aditya Birla Group - India
- Salva Resources Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Price Waterhouse Coopers - Russia
- Gujarat Mineral Development Corp Ltd - India
- Barasentosa Lestari - Indonesia
- White Energy Company Limited
- Savvy Resources Ltd - HongKong
- Coastal Gujarat Power Limited - India
- Indika Energy - Indonesia
- Interocean Group of Companies - India
- Jaiprakash Power Ventures ltd
- Bayan Resources Tbk. - Indonesia
- Indo Tambangraya Megah - Indonesia
- Essar Steel Hazira Ltd - India
- Dalmia Cement Bharat India
- Bhushan Steel Limited - India
- Meenaskhi Energy Private Limited - India
- Globalindo Alam Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Indonesian Coal Mining Association
- Ceylon Electricity Board - Sri Lanka
- MS Steel International - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Edison Trading Spa - Italy
- Eastern Energy - Thailand
- Mjunction Services Limited - India
- Australian Coal Association
- Billiton Holdings Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Oil Corporation Limited
- GN Power Mariveles Coal Plant, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Iligan Light & Power Inc, Philippines
- PTC India Limited - India
- Posco Energy - South Korea
- Coal and Oil Company - UAE
- Kobexindo Tractors - Indoneisa
- Ministry of Mines - Canada
- Cement Manufacturers Association - India
- International Coal Ventures Pvt Ltd - India
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