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.
|
|
Wednesday, 21 January 15
SHIFT IN INTERNATIONAL COAL TRADE TO THE PACIFIC BASIN WILL CONTINUE - IMF
COALspot.com: The shift in international coal trade to the Pacific Basin will continue, IMF said in its latest Medium-Term Coal Market Report.
...
Wednesday, 21 January 15
MARKET INSIGHT - VASSILIS LOGOTHETIS, INTERMODAL
The World Bank has lowered its forecast for global growth in 2015 to 3% down from its previous level of 3.4% amid rising concerns over the economic ...
Wednesday, 21 January 15
THERMAL COAL PRICE OUTLOOK DEPENDENT ON INDIAN IMPORT DEMAND - MATTHEW BOYLE, CRU
COALspot.com: Supply and demand side developments in India will be an important determinant of future market dynamics and prices for thermal coal a ...
Wednesday, 21 January 15
PORT OF NEWCASTLE COAL EXPORTS JUMP 16.19% ON MONTH TO 15.80 MIL MT IN DECEMBER' 14
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port, has shipped $1.136 billi ...
Tuesday, 20 January 15
INDIA TO SURPASS THE UNITED STATES AND BECOME THE SECOND-LARGEST COAL CONSUMER IN THE WORLD BY 2019 - IMF
COALspot.com: In 2013, coal added more primary energy than any other fuel and was the fastest-growing fossil fuel, enhancing its position as the se ...
|
|
|
Showing 3241 to 3245 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Jaiprakash Power Ventures ltd
- SMG Consultants - Indonesia
- Siam City Cement PLC, Thailand
- IEA Clean Coal Centre - UK
- Deloitte Consulting - India
- Chettinad Cement Corporation Ltd - India
- Tamil Nadu electricity Board
- Mjunction Services Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Medco Energi Mining Internasional
- Kartika Selabumi Mining - Indonesia
- Edison Trading Spa - Italy
- GVK Power & Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Indian Oil Corporation Limited
- Banpu Public Company Limited - Thailand
- Kapuas Tunggal Persada - Indonesia
- Attock Cement Pakistan Limited
- Kaltim Prima Coal - Indonesia
- Latin American Coal - Colombia
- Pipit Mutiara Jaya. PT, Indonesia
- Agrawal Coal Company - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Lanco Infratech Ltd - India
- Aditya Birla Group - India
- Karaikal Port Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Energy Development Corp, Philippines
- Uttam Galva Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Barasentosa Lestari - Indonesia
- Malabar Cements Ltd - India
- VISA Power Limited - India
- Thai Mozambique Logistica
- SMC Global Power, Philippines
- GMR Energy Limited - India
- Sree Jayajothi Cements Limited - India
- Indogreen Group - Indonesia
- PNOC Exploration Corporation - Philippines
- Mintek Dendrill Indonesia
- Carbofer General Trading SA - India
- Eastern Energy - Thailand
- Coal and Oil Company - UAE
- Georgia Ports Authority, United States
- Electricity Generating Authority of Thailand
- Australian Commodity Traders Exchange
- Heidelberg Cement - Germany
- Bharathi Cement Corporation - India
- Pendopo Energi Batubara - Indonesia
- Ministry of Mines - Canada
- Gujarat Sidhee Cement - India
- Central Java Power - Indonesia
- New Zealand Coal & Carbon
- Orica Mining Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Thiess Contractors Indonesia
- Rio Tinto Coal - Australia
- The Treasury - Australian Government
- Bukit Makmur.PT - Indonesia
- Kumho Petrochemical, South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Tata Chemicals Ltd - India
- Meenaskhi Energy Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Energy Exchange, India
- Karbindo Abesyapradhi - Indoneisa
- Africa Commodities Group - South Africa
- Global Business Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Price Waterhouse Coopers - Russia
- International Coal Ventures Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Larsen & Toubro Limited - India
- Altura Mining Limited, Indonesia
- Therma Luzon, Inc, Philippines
- Electricity Authority, New Zealand
- Bukit Baiduri Energy - Indonesia
- Petron Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- White Energy Company Limited
- Bayan Resources Tbk. - Indonesia
- Makarim & Taira - Indonesia
- Kepco SPC Power Corporation, Philippines
- ICICI Bank Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Chamber of Mines of South Africa
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
- ASAPP Information Group - India
- Semirara Mining and Power Corporation, Philippines
- Baramulti Group, Indonesia
- Global Green Power PLC Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Kobexindo Tractors - Indoneisa
- CNBM International Corporation - China
- Oldendorff Carriers - Singapore
- Romanian Commodities Exchange
- Commonwealth Bank - Australia
- AsiaOL BioFuels Corp., Philippines
- Power Finance Corporation Ltd., India
- Petrochimia International Co. Ltd.- Taiwan
- Holcim Trading Pte Ltd - Singapore
- OPG Power Generation Pvt Ltd - India
- The University of Queensland
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- Coastal Gujarat Power Limited - India
- Trasteel International SA, Italy
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- Formosa Plastics Group - Taiwan
- Videocon Industries ltd - India
- Renaissance Capital - South Africa
- PowerSource Philippines DevCo
- Simpson Spence & Young - Indonesia
- Sakthi Sugars Limited - India
- Parry Sugars Refinery, India
- Minerals Council of Australia
- Wilmar Investment Holdings
- Mercuria Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Grasim Industreis Ltd - India
- Riau Bara Harum - Indonesia
- Intertek Mineral Services - Indonesia
- Port Waratah Coal Services - Australia
- Directorate Of Revenue Intelligence - India
- Jindal Steel & Power Ltd - India
- CIMB Investment Bank - Malaysia
- Bhatia International Limited - India
- Ambuja Cements Ltd - India
- Anglo American - United Kingdom
- Cement Manufacturers Association - India
- Leighton Contractors Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Essar Steel Hazira Ltd - India
- Savvy Resources Ltd - HongKong
- Planning Commission, India
- Sojitz Corporation - Japan
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- Marubeni Corporation - India
- MS Steel International - UAE
- Bhushan Steel Limited - India
- GN Power Mariveles Coal Plant, Philippines
- McConnell Dowell - Australia
- Kideco Jaya Agung - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Economic Council, Georgia
- Samtan Co., Ltd - South Korea
- The State Trading Corporation of India Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bahari Cakrawala Sebuku - Indonesia
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Mercator Lines Limited - India
- India Bulls Power Limited - India
- Dalmia Cement Bharat India
- Indo Tambangraya Megah - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bangladesh Power Developement Board
- Globalindo Alam Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Xindia Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Independent Power Producers Association of India
- PTC India Limited - India
- Vedanta Resources Plc - India
- TeaM Sual Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Goldman Sachs - Singapore
- San Jose City I Power Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Interocean Group of Companies - India
- Posco Energy - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Electricity Authority - India
- South Luzon Thermal Energy Corporation
- Sical Logistics Limited - India
- Meralco Power Generation, Philippines
- Sindya Power Generating Company Private Ltd
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Siam City Cement - Thailand
- Madhucon Powers Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Ministry of Transport, Egypt
- Sarangani Energy Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Krishnapatnam Port Company Ltd. - India
- Eastern Coal Council - USA
- Wood Mackenzie - Singapore
- Salva Resources Pvt Ltd - India
- Star Paper Mills Limited - India
- Standard Chartered Bank - UAE
- Ind-Barath Power Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indonesian Coal Mining Association
- Orica Australia Pty. Ltd.
- Energy Link Ltd, New Zealand
- Timah Investasi Mineral - Indoneisa
- Manunggal Multi Energi - Indonesia
- Indika Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- London Commodity Brokers - England
- IHS Mccloskey Coal Group - USA
|
| |
| |
|
