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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, 13 October 14
INDONESIAN COAL SWAPS FOR DELIVERY Q4' 2014 GAINED WEEK ON WEEK AND DAY ON DAY
COALspot.com: Indonesian coal swaps for delivery Q4' 2014 gained week on week and day on day.
The swap lost US$ 0.13 (-0.25%) month on mon ...
Monday, 13 October 14
Q1' 2015 CFR SOUTH CHINA COAL SWAP CLOSED US$ 0.31 PMT HIGHER THAN Q4' 2014 CLOSING
COALspot.com: API 8 CFR South China Coal swap for Q4’ 2014 delivery decreased US$ 0.66 (-1.00%) month over month and US$ 0.40 (-0.61%) ...
Sunday, 12 October 14
INDONESIA TO INDIA FREIGHT RATES ARE EXPECTED TO BE WEAK - VISTAAR
COALspot.com: This week all the segments softened. The BDI down 7.13 pct week on week and closed below 1000 points at 963 points.
The Cape ind ...
Saturday, 11 October 14
COAL PRODUCTION RISES ONLY SLIGHTLY AS GOVT LIMITS MINING OPERATIONS - THE JAKARTA POST
Indonesian coal production rose by only 4 percent in the first nine months of this year, a relatively low increase compared to previous years, as t ...
Friday, 10 October 14
INDONESIA TO DEVELOP DOWNSTREAM COAL INDUSTRY - JP
The government is planning to launch a program to develop the downstream coal industry to increase the commodity’s added value, an official h ...
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- VISA Power Limited - India
- Mintek Dendrill Indonesia
- Ministry of Transport, Egypt
- Maharashtra Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Siam City Cement PLC, Thailand
- Cement Manufacturers Association - India
- Medco Energi Mining Internasional
- PowerSource Philippines DevCo
- Central Java Power - Indonesia
- Malabar Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Tamil Nadu electricity Board
- Global Coal Blending Company Limited - Australia
- Sinarmas Energy and Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Ind-Barath Power Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Renaissance Capital - South Africa
- Petron Corporation, Philippines
- Indonesian Coal Mining Association
- Planning Commission, India
- Standard Chartered Bank - UAE
- Price Waterhouse Coopers - Russia
- Gujarat Sidhee Cement - India
- Kobexindo Tractors - Indoneisa
- Makarim & Taira - Indonesia
- Independent Power Producers Association of India
- Kartika Selabumi Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- Global Business Power Corporation, Philippines
- Aditya Birla Group - India
- Kohat Cement Company Ltd. - Pakistan
- Intertek Mineral Services - Indonesia
- Essar Steel Hazira Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Oldendorff Carriers - Singapore
- Chamber of Mines of South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Power Finance Corporation Ltd., India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Electricity Generating Authority of Thailand
- India Bulls Power Limited - India
- GVK Power & Infra Limited - India
- Mercuria Energy - Indonesia
- Thai Mozambique Logistica
- Lanco Infratech Ltd - India
- The State Trading Corporation of India Ltd
- Therma Luzon, Inc, Philippines
- Sical Logistics Limited - India
- TeaM Sual Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Ministry of Finance - Indonesia
- Bukit Makmur.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Dalmia Cement Bharat India
- Kumho Petrochemical, South Korea
- GN Power Mariveles Coal Plant, Philippines
- Bharathi Cement Corporation - India
- Jindal Steel & Power Ltd - India
- Carbofer General Trading SA - India
- International Coal Ventures Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Wilmar Investment Holdings
- The University of Queensland
- MS Steel International - UAE
- Binh Thuan Hamico - Vietnam
- White Energy Company Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Riau Bara Harum - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Sree Jayajothi Cements Limited - India
- London Commodity Brokers - England
- Savvy Resources Ltd - HongKong
- Orica Mining Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- SMC Global Power, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Romanian Commodities Exchange
- Indogreen Group - Indonesia
- Eastern Energy - Thailand
- OPG Power Generation Pvt Ltd - India
- Posco Energy - South Korea
- Pendopo Energi Batubara - Indonesia
- Eastern Coal Council - USA
- Barasentosa Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Kepco SPC Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Energy Development Corp, Philippines
- Commonwealth Bank - Australia
- Salva Resources Pvt Ltd - India
- Electricity Authority, New Zealand
- ASAPP Information Group - India
- Videocon Industries ltd - India
- Borneo Indobara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Parliament of New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Goldman Sachs - Singapore
- Coalindo Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Thiess Contractors Indonesia
- Trasteel International SA, Italy
- PTC India Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Vizag Seaport Private Limited - India
- Xindia Steels Limited - India
- Semirara Mining Corp, Philippines
- Baramulti Group, Indonesia
- Australian Commodity Traders Exchange
- Kaltim Prima Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Iligan Light & Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Economic Council, Georgia
- Semirara Mining and Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- Global Green Power PLC Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parry Sugars Refinery, India
- Samtan Co., Ltd - South Korea
- Bulk Trading Sa - Switzerland
- Orica Australia Pty. Ltd.
- Deloitte Consulting - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rio Tinto Coal - Australia
- AsiaOL BioFuels Corp., Philippines
- Wood Mackenzie - Singapore
- Grasim Industreis Ltd - India
- IEA Clean Coal Centre - UK
- Anglo American - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Bangladesh Power Developement Board
- Merrill Lynch Commodities Europe
- Ceylon Electricity Board - Sri Lanka
- Indika Energy - Indonesia
- New Zealand Coal & Carbon
- Miang Besar Coal Terminal - Indonesia
- Australian Coal Association
- CIMB Investment Bank - Malaysia
- Mjunction Services Limited - India
- Alfred C Toepfer International GmbH - Germany
- European Bulk Services B.V. - Netherlands
- Chettinad Cement Corporation Ltd - India
- The Treasury - Australian Government
- Madhucon Powers Ltd - India
- Ministry of Mines - Canada
- Indian Energy Exchange, India
- Bhatia International Limited - India
- GMR Energy Limited - India
- Minerals Council of Australia
- Asmin Koalindo Tuhup - Indonesia
- Indian Oil Corporation Limited
- Edison Trading Spa - Italy
- Vedanta Resources Plc - India
- Rashtriya Ispat Nigam Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Link Ltd, New Zealand
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- McConnell Dowell - Australia
- Marubeni Corporation - India
- Central Electricity Authority - India
- Meralco Power Generation, Philippines
- Ambuja Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- South Luzon Thermal Energy Corporation
- Leighton Contractors Pty Ltd - Australia
- ICICI Bank Limited - India
- Antam Resourcindo - Indonesia
- Agrawal Coal Company - India
- Coastal Gujarat Power Limited - India
- Karaikal Port Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Georgia Ports Authority, United States
- Mercator Lines Limited - India
- Holcim Trading Pte Ltd - Singapore
- Kideco Jaya Agung - Indonesia
- Interocean Group of Companies - India
- Altura Mining Limited, Indonesia
- Bhoruka Overseas - Indonesia
- Coal and Oil Company - UAE
- Kapuas Tunggal Persada - Indonesia
- Sarangani Energy Corporation, Philippines
- SMG Consultants - Indonesia
- Bukit Baiduri Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Heidelberg Cement - Germany
- CNBM International Corporation - China
- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
- Manunggal Multi Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Tata Chemicals Ltd - India
- Siam City Cement - Thailand
- Attock Cement Pakistan Limited
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- Sakthi Sugars Limited - India
- Latin American Coal - Colombia
- PetroVietnam Power Coal Import and Supply Company
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