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.
|
|
Thursday, 12 February 15
INDONESIAN COAL PRICE REFERENCE INCHED DOWN 1.44% IN FEBRUARY
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia revised down Indonesian coal bench mark price this month to US$ 62.92 pe ...
Thursday, 12 February 15
NEWBUILDING ORDERING ACTIVITY DRAGS ON, AS OWNERS ARE LOOKING FOR LOWER PRICES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Ship owners appear to be waiting for lower prices in their dealings with Asian shipyards, as the dry bulk market is at historical lows. According t ...
Wednesday, 11 February 15
DRY BULK MARKET REMAINED UNDER PRESSURE : STABILIZING CAPE MARKET HARDLY HELPED SENTIMENT
COALspot.com: The Dry Bulk market remained under pressure last week, while the stabilizing Cape market hardly helped sentiment.
Greece based s ...
Wednesday, 11 February 15
BDI HITTING THE ALL-TIME LOW; FFA MARKETS NOT SHOWING ANY POSITIVE SIGNS
With the BDI hitting the all-time low and with FFA markets not showing any positive signs for a possible recovery in the near future, pessimism is ...
Tuesday, 10 February 15
IRON ORE MARKET TO REMAIN OVERSUPPLIED IN 2015: PRICE FORECAST $70/T - WOOD MACKENZIE
COALspot.com: With January witnessing the price of iron ore falling to its lowest levels since May 2009, Roger Emslie, Principal Metals & ...
|
|
|
Showing 3201 to 3205 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- OPG Power Generation Pvt Ltd - India
- Anglo American - United Kingdom
- Larsen & Toubro Limited - India
- Globalindo Alam Lestari - Indonesia
- Indian Oil Corporation Limited
- Banpu Public Company Limited - Thailand
- Malabar Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Tata Chemicals Ltd - India
- Edison Trading Spa - Italy
- The State Trading Corporation of India Ltd
- TeaM Sual Corporation - Philippines
- Carbofer General Trading SA - India
- Coal and Oil Company - UAE
- Cement Manufacturers Association - India
- Australian Coal Association
- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
- Standard Chartered Bank - UAE
- Kaltim Prima Coal - Indonesia
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Indo Tambangraya Megah - Indonesia
- Bukit Baiduri Energy - Indonesia
- Uttam Galva Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Alfred C Toepfer International GmbH - Germany
- Marubeni Corporation - India
- Sindya Power Generating Company Private Ltd
- Sree Jayajothi Cements Limited - India
- MS Steel International - UAE
- Gujarat Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Indian Energy Exchange, India
- Eastern Energy - Thailand
- Salva Resources Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Bangladesh Power Developement Board
- Savvy Resources Ltd - HongKong
- SN Aboitiz Power Inc, Philippines
- Deloitte Consulting - India
- Indika Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Maharashtra Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Wood Mackenzie - Singapore
- Kumho Petrochemical, South Korea
- Meenaskhi Energy Private Limited - India
- Siam City Cement PLC, Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Port Waratah Coal Services - Australia
- Grasim Industreis Ltd - India
- Energy Link Ltd, New Zealand
- Semirara Mining Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Eastern Coal Council - USA
- Heidelberg Cement - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Chettinad Cement Corporation Ltd - India
- Sojitz Corporation - Japan
- Mercuria Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Mintek Dendrill Indonesia
- International Coal Ventures Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- White Energy Company Limited
- Posco Energy - South Korea
- IHS Mccloskey Coal Group - USA
- Kideco Jaya Agung - Indonesia
- GMR Energy Limited - India
- Georgia Ports Authority, United States
- European Bulk Services B.V. - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Chamber of Mines of South Africa
- Intertek Mineral Services - Indonesia
- Australian Commodity Traders Exchange
- Trasteel International SA, Italy
- Oldendorff Carriers - Singapore
- Singapore Mercantile Exchange
- Therma Luzon, Inc, Philippines
- Parry Sugars Refinery, India
- McConnell Dowell - Australia
- Africa Commodities Group - South Africa
- San Jose City I Power Corp, Philippines
- Aditya Birla Group - India
- Central Java Power - Indonesia
- PTC India Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Manunggal Multi Energi - Indonesia
- Orica Mining Services - Indonesia
- Metalloyd Limited - United Kingdom
- Dalmia Cement Bharat India
- Global Business Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- VISA Power Limited - India
- Xindia Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Coalindo Energy - Indonesia
- PowerSource Philippines DevCo
- Indogreen Group - Indonesia
- SMC Global Power, Philippines
- Jaiprakash Power Ventures ltd
- Bhushan Steel Limited - India
- Formosa Plastics Group - Taiwan
- Central Electricity Authority - India
- Antam Resourcindo - Indonesia
- Bulk Trading Sa - Switzerland
- Altura Mining Limited, Indonesia
- Directorate Of Revenue Intelligence - India
- Jindal Steel & Power Ltd - India
- Siam City Cement - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sarangani Energy Corporation, Philippines
- Medco Energi Mining Internasional
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ind-Barath Power Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- New Zealand Coal & Carbon
- PNOC Exploration Corporation - Philippines
- Madhucon Powers Ltd - India
- Renaissance Capital - South Africa
- CNBM International Corporation - China
- Indonesian Coal Mining Association
- ASAPP Information Group - India
- Independent Power Producers Association of India
- Petron Corporation, Philippines
- Wilmar Investment Holdings
- Mercator Lines Limited - India
- Star Paper Mills Limited - India
- Makarim & Taira - Indonesia
- Straits Asia Resources Limited - Singapore
- IEA Clean Coal Centre - UK
- Pendopo Energi Batubara - Indonesia
- Gujarat Sidhee Cement - India
- Price Waterhouse Coopers - Russia
- India Bulls Power Limited - India
- Ambuja Cements Ltd - India
- Rio Tinto Coal - Australia
- Romanian Commodities Exchange
- Global Coal Blending Company Limited - Australia
- GVK Power & Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Interocean Group of Companies - India
- South Luzon Thermal Energy Corporation
- Electricity Generating Authority of Thailand
- Ministry of Mines - Canada
- Economic Council, Georgia
- Kapuas Tunggal Persada - Indonesia
- Barasentosa Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Tamil Nadu electricity Board
- Parliament of New Zealand
- Lanco Infratech Ltd - India
- Essar Steel Hazira Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Mjunction Services Limited - India
- Thai Mozambique Logistica
- Agrawal Coal Company - India
- Merrill Lynch Commodities Europe
- Goldman Sachs - Singapore
- Videocon Industries ltd - India
- Kobexindo Tractors - Indoneisa
- SMG Consultants - Indonesia
- Coastal Gujarat Power Limited - India
- Vizag Seaport Private Limited - India
- The Treasury - Australian Government
- Meralco Power Generation, Philippines
- Binh Thuan Hamico - Vietnam
- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
- Vedanta Resources Plc - India
- Bhoruka Overseas - Indonesia
- Planning Commission, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Development Corp, Philippines
- CIMB Investment Bank - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- London Commodity Brokers - England
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Sical Logistics Limited - India
- Ceylon Electricity Board - Sri Lanka
- Simpson Spence & Young - Indonesia
- Ministry of Transport, Egypt
- Baramulti Group, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- LBH Netherlands Bv - Netherlands
- Orica Australia Pty. Ltd.
- ICICI Bank Limited - India
- Maheswari Brothers Coal Limited - India
- GAC Shipping (India) Pvt Ltd
- Borneo Indobara - Indonesia
- Iligan Light & Power Inc, Philippines
- Latin American Coal - Colombia
- Rashtriya Ispat Nigam Limited - India
- The University of Queensland
- Ministry of Finance - Indonesia
- Global Green Power PLC Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Attock Cement Pakistan Limited
- Miang Besar Coal Terminal - Indonesia
|
| |
| |
|
