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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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Friday, 02 May 14
DRY BULK MARKET SHOWING SIGNS OF COMEBACK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market which has been hovering below the 1,000-point market (BDI) during the past couple of weeks, could be exhibiting signs of a s ...
Thursday, 01 May 14
INDONESIA EXPORT BAN POINTS TO QUESTIONS OVER CHINA'S LONG-TERM BAUXITE SUPPLY - WOOD MACKENZIE
China’s Bauxite demand forecast to reach 240 million tonnes by 2030
In light of the Indonesian mineral ore ban that came into force o ...
Thursday, 01 May 14
DRY BULK MARKET STILL REELING UNDER PRESSURE FROM VARIOUS FACTORS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market's revival is still overdue, as the industry's benchmark, the BDI is still lagging below the 1,000-point mark. In fac ...
Wednesday, 30 April 14
FREIGHT MARKET FOR DRY BULKERS STILL REMAINS WEAK - INTERMODAL
One week after the Easter holiday and the celebration for the resurrection of Christ, everybody expected to see a similar sign of a revival in t ...
Tuesday, 29 April 14
Q4 SUB-BIT INDONESIA COAL SWAP CLOSED US$ 1.07 HIGHER COMPARED TO Q2 DELIVERY PRICE
COALspot.com: Indonesian coal swaps for average Q2’ 2014 gain on month and on week according to AsiaClear OTC coal swap's reports rele ...
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Showing 3726 to 3730 news of total 6871 |
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- Bangladesh Power Developement Board
- Bukit Makmur.PT - Indonesia
- Renaissance Capital - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Bukit Asam (Persero) Tbk - Indonesia
- New Zealand Coal & Carbon
- Malabar Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Star Paper Mills Limited - India
- Romanian Commodities Exchange
- Electricity Authority, New Zealand
- Global Coal Blending Company Limited - Australia
- IHS Mccloskey Coal Group - USA
- Orica Mining Services - Indonesia
- Siam City Cement PLC, Thailand
- Coalindo Energy - Indonesia
- Marubeni Corporation - India
- Kepco SPC Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Attock Cement Pakistan Limited
- Tamil Nadu electricity Board
- Altura Mining Limited, Indonesia
- Interocean Group of Companies - India
- Uttam Galva Steels Limited - India
- Makarim & Taira - Indonesia
- Independent Power Producers Association of India
- The State Trading Corporation of India Ltd
- MS Steel International - UAE
- Kalimantan Lumbung Energi - Indonesia
- Power Finance Corporation Ltd., India
- Latin American Coal - Colombia
- Commonwealth Bank - Australia
- Videocon Industries ltd - India
- Sinarmas Energy and Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Semirara Mining Corp, Philippines
- Dalmia Cement Bharat India
- Metalloyd Limited - United Kingdom
- Sojitz Corporation - Japan
- Miang Besar Coal Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Medco Energi Mining Internasional
- CIMB Investment Bank - Malaysia
- Lanco Infratech Ltd - India
- Deloitte Consulting - India
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Transport, Egypt
- Thiess Contractors Indonesia
- Maheswari Brothers Coal Limited - India
- Eastern Energy - Thailand
- Carbofer General Trading SA - India
- GMR Energy Limited - India
- CNBM International Corporation - China
- Mjunction Services Limited - India
- Indian Oil Corporation Limited
- Kohat Cement Company Ltd. - Pakistan
- Tata Chemicals Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Gujarat Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- ICICI Bank Limited - India
- Wood Mackenzie - Singapore
- VISA Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Kaltim Prima Coal - Indonesia
- Simpson Spence & Young - Indonesia
- The Treasury - Australian Government
- Binh Thuan Hamico - Vietnam
- Formosa Plastics Group - Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining and Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- London Commodity Brokers - England
- Mercuria Energy - Indonesia
- Antam Resourcindo - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- Economic Council, Georgia
- Madhucon Powers Ltd - India
- Mercator Lines Limited - India
- Riau Bara Harum - Indonesia
- PTC India Limited - India
- Thai Mozambique Logistica
- Eastern Coal Council - USA
- Baramulti Group, Indonesia
- Kobexindo Tractors - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ambuja Cements Ltd - India
- SMC Global Power, Philippines
- Meenaskhi Energy Private Limited - India
- Intertek Mineral Services - Indonesia
- South Luzon Thermal Energy Corporation
- AsiaOL BioFuels Corp., Philippines
- Barasentosa Lestari - Indonesia
- ASAPP Information Group - India
- Central Electricity Authority - India
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- Bhushan Steel Limited - India
- Karaikal Port Pvt Ltd - India
- Chamber of Mines of South Africa
- Bharathi Cement Corporation - India
- GAC Shipping (India) Pvt Ltd
- McConnell Dowell - Australia
- Jorong Barutama Greston.PT - Indonesia
- Vedanta Resources Plc - India
- GVK Power & Infra Limited - India
- Indogreen Group - Indonesia
- Energy Development Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Iligan Light & Power Inc, Philippines
- Standard Chartered Bank - UAE
- Aboitiz Power Corporation - Philippines
- Wilmar Investment Holdings
- Sakthi Sugars Limited - India
- Holcim Trading Pte Ltd - Singapore
- Parliament of New Zealand
- Orica Australia Pty. Ltd.
- Bhoruka Overseas - Indonesia
- Energy Link Ltd, New Zealand
- Xindia Steels Limited - India
- India Bulls Power Limited - India
- Trasteel International SA, Italy
- Kartika Selabumi Mining - Indonesia
- Aditya Birla Group - India
- White Energy Company Limited
- IEA Clean Coal Centre - UK
- Singapore Mercantile Exchange
- Ministry of Finance - Indonesia
- Globalindo Alam Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Grasim Industreis Ltd - India
- Electricity Generating Authority of Thailand
- Minerals Council of Australia
- Cigading International Bulk Terminal - Indonesia
- Indonesian Coal Mining Association
- Billiton Holdings Pty Ltd - Australia
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- Bahari Cakrawala Sebuku - Indonesia
- Chettinad Cement Corporation Ltd - India
- Straits Asia Resources Limited - Singapore
- Oldendorff Carriers - Singapore
- Bayan Resources Tbk. - Indonesia
- Timah Investasi Mineral - Indoneisa
- Merrill Lynch Commodities Europe
- Vijayanagar Sugar Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Larsen & Toubro Limited - India
- Kideco Jaya Agung - Indonesia
- Samtan Co., Ltd - South Korea
- The University of Queensland
- Ministry of Mines - Canada
- Heidelberg Cement - Germany
- Coal and Oil Company - UAE
- International Coal Ventures Pvt Ltd - India
- Georgia Ports Authority, United States
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Cement Manufacturers Association - India
- Manunggal Multi Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parry Sugars Refinery, India
- Port Waratah Coal Services - Australia
- LBH Netherlands Bv - Netherlands
- Siam City Cement - Thailand
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
- Posco Energy - South Korea
- Sree Jayajothi Cements Limited - India
- Australian Commodity Traders Exchange
- Indika Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Petron Corporation, Philippines
- Bhatia International Limited - India
- SN Aboitiz Power Inc, Philippines
- Anglo American - United Kingdom
- Directorate Of Revenue Intelligence - India
- Australian Coal Association
- Jindal Steel & Power Ltd - India
- SMG Consultants - Indonesia
- Indo Tambangraya Megah - Indonesia
- Africa Commodities Group - South Africa
- Sindya Power Generating Company Private Ltd
- Meralco Power Generation, Philippines
- Banpu Public Company Limited - Thailand
- Pendopo Energi Batubara - Indonesia
- Coastal Gujarat Power Limited - India
- Indian Energy Exchange, India
- Asmin Koalindo Tuhup - Indonesia
- Essar Steel Hazira Ltd - India
- Central Java Power - Indonesia
- Salva Resources Pvt Ltd - India
- Planning Commission, India
- Sical Logistics Limited - India
- Rio Tinto Coal - Australia
- Jaiprakash Power Ventures ltd
- Goldman Sachs - Singapore
- Krishnapatnam Port Company Ltd. - India
- Edison Trading Spa - Italy
- Bulk Trading Sa - Switzerland
- Price Waterhouse Coopers - Russia
- PNOC Exploration Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Vizag Seaport Private Limited - India
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