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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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Monday, 02 February 15
API 8 CFR SOUTH CHINA COAL SWAP PICKS UP W-O-W
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2015 delivery declined US$ 0.81 (-1.36%) per MT month over month and gained US$ 0.18&nb ...
Monday, 02 February 15
SOUTH KOREA'S KOMIPO INVITES BIDS FOR 280K MT OF SUB-BITUMINOUS COAL
COALspot.com: South Korean state-owned utility Korea Midland Power (KOMIPO) issued an new tender to buy total 280,000 MT of Sub-bituminous coal coa ...
Sunday, 01 February 15
INDONESIA-TO-INDIA COAL FREIGHT RATES REMAIN WEAK NEXT WEEK
COALspot.com: The BDI continued its fall reached lowest levels since 1986 this week.
The BDI declined 15.55 pct to 608 points on Friday 30, Ja ...
Friday, 30 January 15
CONTANGO AND TANKERS - SKULD
KNOWLEDGE TO ELEVATE
Like an invitation to a dance, the word contango may have some people flustered, but for tanker owners this market phenome ...
Friday, 30 January 15
U.S. YEAR-TO-DATE COAL PRODUCTION REACHED 65.7 MMST
COALspot.com – United States the world's one of the largest coal producers, produced approximately 19.9 million short tons (mmst) of coal ...
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- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- India Bulls Power Limited - India
- Goldman Sachs - Singapore
- Marubeni Corporation - India
- Attock Cement Pakistan Limited
- AsiaOL BioFuels Corp., Philippines
- Bukit Makmur.PT - Indonesia
- Power Finance Corporation Ltd., India
- South Luzon Thermal Energy Corporation
- Xindia Steels Limited - India
- Eastern Energy - Thailand
- Binh Thuan Hamico - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- The Treasury - Australian Government
- Sakthi Sugars Limited - India
- GN Power Mariveles Coal Plant, Philippines
- ASAPP Information Group - India
- Tamil Nadu electricity Board
- Global Coal Blending Company Limited - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Aboitiz Power Corporation - Philippines
- Altura Mining Limited, Indonesia
- Deloitte Consulting - India
- Orica Australia Pty. Ltd.
- Offshore Bulk Terminal Pte Ltd, Singapore
- Metalloyd Limited - United Kingdom
- Kepco SPC Power Corporation, Philippines
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- International Coal Ventures Pvt Ltd - India
- Heidelberg Cement - Germany
- Wood Mackenzie - Singapore
- Siam City Cement PLC, Thailand
- Chamber of Mines of South Africa
- Banpu Public Company Limited - Thailand
- Coal and Oil Company - UAE
- Bhatia International Limited - India
- Barasentosa Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Dalmia Cement Bharat India
- Medco Energi Mining Internasional
- Edison Trading Spa - Italy
- Anglo American - United Kingdom
- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
- Jaiprakash Power Ventures ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Renaissance Capital - South Africa
- Gujarat Sidhee Cement - India
- GVK Power & Infra Limited - India
- Malabar Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Bangladesh Power Developement Board
- VISA Power Limited - India
- Commonwealth Bank - Australia
- TNB Fuel Sdn Bhd - Malaysia
- SMC Global Power, Philippines
- Indonesian Coal Mining Association
- Indogreen Group - Indonesia
- Bhushan Steel Limited - India
- Rashtriya Ispat Nigam Limited - India
- Agrawal Coal Company - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Mjunction Services Limited - India
- Intertek Mineral Services - Indonesia
- Indian Oil Corporation Limited
- PTC India Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Eastern Coal Council - USA
- Bayan Resources Tbk. - Indonesia
- Grasim Industreis Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Wilmar Investment Holdings
- Coalindo Energy - Indonesia
- Star Paper Mills Limited - India
- Central Java Power - Indonesia
- Borneo Indobara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- San Jose City I Power Corp, Philippines
- Essar Steel Hazira Ltd - India
- Parry Sugars Refinery, India
- Indian Energy Exchange, India
- Ministry of Mines - Canada
- Meralco Power Generation, Philippines
- Mintek Dendrill Indonesia
- Riau Bara Harum - Indonesia
- CNBM International Corporation - China
- Jindal Steel & Power Ltd - India
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sical Logistics Limited - India
- Petron Corporation, Philippines
- Electricity Authority, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Business Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Rio Tinto Coal - Australia
- Romanian Commodities Exchange
- GAC Shipping (India) Pvt Ltd
- Mercuria Energy - Indonesia
- IEA Clean Coal Centre - UK
- Kartika Selabumi Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Cigading International Bulk Terminal - Indonesia
- MS Steel International - UAE
- New Zealand Coal & Carbon
- TeaM Sual Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Posco Energy - South Korea
- Sojitz Corporation - Japan
- Pendopo Energi Batubara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Central Electricity Authority - India
- Energy Development Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Lanco Infratech Ltd - India
- Australian Coal Association
- Salva Resources Pvt Ltd - India
- Standard Chartered Bank - UAE
- Economic Council, Georgia
- Siam City Cement - Thailand
- Cement Manufacturers Association - India
- OPG Power Generation Pvt Ltd - India
- Mercator Lines Limited - India
- Trasteel International SA, Italy
- Antam Resourcindo - Indonesia
- Simpson Spence & Young - Indonesia
- White Energy Company Limited
- Merrill Lynch Commodities Europe
- Independent Power Producers Association of India
- London Commodity Brokers - England
- Sinarmas Energy and Mining - Indonesia
- Oldendorff Carriers - Singapore
- Bharathi Cement Corporation - India
- Uttam Galva Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Finance - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Miang Besar Coal Terminal - Indonesia
- SMG Consultants - Indonesia
- Interocean Group of Companies - India
- Manunggal Multi Energi - Indonesia
- Parliament of New Zealand
- Maheswari Brothers Coal Limited - India
- Larsen & Toubro Limited - India
- Kideco Jaya Agung - Indonesia
- Kobexindo Tractors - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- European Bulk Services B.V. - Netherlands
- PowerSource Philippines DevCo
- PNOC Exploration Corporation - Philippines
- Georgia Ports Authority, United States
- Sindya Power Generating Company Private Ltd
- McConnell Dowell - Australia
- Port Waratah Coal Services - Australia
- Planning Commission, India
- Alfred C Toepfer International GmbH - Germany
- LBH Netherlands Bv - Netherlands
- Indika Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Africa Commodities Group - South Africa
- Savvy Resources Ltd - HongKong
- Orica Mining Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Ministry of Transport, Egypt
- CIMB Investment Bank - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Minerals Council of Australia
- Aditya Birla Group - India
- Baramulti Group, Indonesia
- Tata Chemicals Ltd - India
- Australian Commodity Traders Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thai Mozambique Logistica
- Energy Link Ltd, New Zealand
- GMR Energy Limited - India
- Vedanta Resources Plc - India
- Kumho Petrochemical, South Korea
- Coastal Gujarat Power Limited - India
- Samtan Co., Ltd - South Korea
- Sarangani Energy Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Carbofer General Trading SA - India
- Electricity Generating Authority of Thailand
- Indo Tambangraya Megah - Indonesia
- Makarim & Taira - Indonesia
- Madhucon Powers Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- The University of Queensland
- Kaltim Prima Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Neyveli Lignite Corporation Ltd, - India
- Jorong Barutama Greston.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Bhoruka Overseas - Indonesia
- Formosa Plastics Group - Taiwan
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