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.
|
|
Friday, 10 April 15
DRY BULK MARKET'S DOWNFALL ALSO OFFER INVESTMENT BARGAINS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Dry bulk market rates have fallen to historical lows over the past few weeks, with no clear path of recovery, at least in the near term. As such, m ...
Thursday, 09 April 15
CAPESIZE: RATES ARE STILL DISAPPOINTING - FEARNLEYS
Handy
The handy market had a stronger sentiment before the Easter holidays, but have as the bigger panamaxes seen a softening tendency this week. ...
Wednesday, 08 April 15
DRY BULK MARKET SEEMS UNABLE TO CATCH A BREAK - INTERMODAL
COALspot.com: The Dry Bulk market seems unable to catch a break these days.
According to Intermodal, following the market stabilization that p ...
Wednesday, 08 April 15
CHINA BURNS HALF OF THE WORLD'S COAL - CHRISTOPHER T. WHITTY
Intermodal Weekly Market Update
China is the world's largest consumer of coal, using more coal each year than the United States, the Europ ...
Tuesday, 07 April 15
SUB-BIT FOB INDONESIA COAL SWAP KEEPS DROPPING; DROPPED 2% W-W
COALspot.com: Indonesian coal swap for delivery Q2 2015 declined month on month and week over week.
The Q2 swap was declined US$ 2.44 (5.14%) ...
|
|
|
Showing 3081 to 3085 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Coal and Oil Company - UAE
- Energy Development Corp, Philippines
- Gujarat Sidhee Cement - India
- Central Electricity Authority - India
- Parry Sugars Refinery, India
- TeaM Sual Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Essar Steel Hazira Ltd - India
- Romanian Commodities Exchange
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- Attock Cement Pakistan Limited
- Timah Investasi Mineral - Indoneisa
- Salva Resources Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Kepco SPC Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Vedanta Resources Plc - India
- SMC Global Power, Philippines
- Mintek Dendrill Indonesia
- Bulk Trading Sa - Switzerland
- Orica Mining Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Asmin Koalindo Tuhup - Indonesia
- Eastern Coal Council - USA
- Global Coal Blending Company Limited - Australia
- Semirara Mining and Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Billiton Holdings Pty Ltd - Australia
- Indonesian Coal Mining Association
- Jindal Steel & Power Ltd - India
- Price Waterhouse Coopers - Russia
- Australian Coal Association
- Sojitz Corporation - Japan
- Petrochimia International Co. Ltd.- Taiwan
- Sarangani Energy Corporation, Philippines
- Standard Chartered Bank - UAE
- PTC India Limited - India
- Merrill Lynch Commodities Europe
- Indika Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Africa Commodities Group - South Africa
- Thiess Contractors Indonesia
- Minerals Council of Australia
- Antam Resourcindo - Indonesia
- Bukit Makmur.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Lanco Infratech Ltd - India
- Singapore Mercantile Exchange
- GVK Power & Infra Limited - India
- Central Java Power - Indonesia
- Vizag Seaport Private Limited - India
- Manunggal Multi Energi - Indonesia
- Commonwealth Bank - Australia
- London Commodity Brokers - England
- GMR Energy Limited - India
- Rio Tinto Coal - Australia
- Agrawal Coal Company - India
- Baramulti Group, Indonesia
- Global Green Power PLC Corporation, Philippines
- CNBM International Corporation - China
- Siam City Cement - Thailand
- GAC Shipping (India) Pvt Ltd
- AsiaOL BioFuels Corp., Philippines
- McConnell Dowell - Australia
- Marubeni Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Latin American Coal - Colombia
- Bharathi Cement Corporation - India
- Bayan Resources Tbk. - Indonesia
- Savvy Resources Ltd - HongKong
- Banpu Public Company Limited - Thailand
- Cigading International Bulk Terminal - Indonesia
- Bhushan Steel Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Ceylon Electricity Board - Sri Lanka
- Kartika Selabumi Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Videocon Industries ltd - India
- The Treasury - Australian Government
- Bhoruka Overseas - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Mercuria Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Sindya Power Generating Company Private Ltd
- Aboitiz Power Corporation - Philippines
- Star Paper Mills Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Anglo American - United Kingdom
- Kideco Jaya Agung - Indonesia
- MS Steel International - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Thai Mozambique Logistica
- Rashtriya Ispat Nigam Limited - India
- Barasentosa Lestari - Indonesia
- Wilmar Investment Holdings
- Planning Commission, India
- OPG Power Generation Pvt Ltd - India
- Mjunction Services Limited - India
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- Electricity Generating Authority of Thailand
- San Jose City I Power Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Riau Bara Harum - Indonesia
- Cement Manufacturers Association - India
- Kapuas Tunggal Persada - Indonesia
- Kobexindo Tractors - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Georgia Ports Authority, United States
- Bangladesh Power Developement Board
- Coalindo Energy - Indonesia
- India Bulls Power Limited - India
- SMG Consultants - Indonesia
- Global Business Power Corporation, Philippines
- Petron Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Dalmia Cement Bharat India
- Aditya Birla Group - India
- Kohat Cement Company Ltd. - Pakistan
- ICICI Bank Limited - India
- Goldman Sachs - Singapore
- Coastal Gujarat Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karaikal Port Pvt Ltd - India
- Madhucon Powers Ltd - India
- White Energy Company Limited
- Iligan Light & Power Inc, Philippines
- ASAPP Information Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Holcim Trading Pte Ltd - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Intertek Mineral Services - Indonesia
- The State Trading Corporation of India Ltd
- Ministry of Transport, Egypt
- Metalloyd Limited - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Economic Council, Georgia
- VISA Power Limited - India
- Kaltim Prima Coal - Indonesia
- Uttam Galva Steels Limited - India
- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
- PetroVietnam Power Coal Import and Supply Company
- Electricity Authority, New Zealand
- Indian Oil Corporation Limited
- TNB Fuel Sdn Bhd - Malaysia
- Tamil Nadu electricity Board
- Miang Besar Coal Terminal - Indonesia
- Malabar Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Gujarat Mineral Development Corp Ltd - India
- PNOC Exploration Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- Ambuja Cements Ltd - India
- Trasteel International SA, Italy
- Borneo Indobara - Indonesia
- Meenaskhi Energy Private Limited - India
- Renaissance Capital - South Africa
- Makarim & Taira - Indonesia
- Oldendorff Carriers - Singapore
- Edison Trading Spa - Italy
- Sree Jayajothi Cements Limited - India
- Medco Energi Mining Internasional
- LBH Netherlands Bv - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- The University of Queensland
- Jaiprakash Power Ventures ltd
- Therma Luzon, Inc, Philippines
- Eastern Energy - Thailand
- CIMB Investment Bank - Malaysia
- Carbofer General Trading SA - India
- Directorate General of MIneral and Coal - Indonesia
- Indogreen Group - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Energy Link Ltd, New Zealand
- Tata Chemicals Ltd - India
- Port Waratah Coal Services - Australia
- Meralco Power Generation, Philippines
- Indian Energy Exchange, India
- Bhatia International Limited - India
- Pendopo Energi Batubara - Indonesia
- Simpson Spence & Young - Indonesia
- Globalindo Alam Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Grasim Industreis Ltd - India
- PowerSource Philippines DevCo
- Larsen & Toubro Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Baiduri Energy - Indonesia
- Independent Power Producers Association of India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Commodity Traders Exchange
- Ministry of Finance - Indonesia
- Interocean Group of Companies - India
- Indo Tambangraya Megah - Indonesia
- Posco Energy - South Korea
- Sical Logistics Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Mercator Lines Limited - India
- Altura Mining Limited, Indonesia
- Semirara Mining Corp, Philippines
- Ministry of Mines - Canada
- South Luzon Thermal Energy Corporation
- Sakthi Sugars Limited - India
- Parliament of New Zealand
|
| |
| |
|
