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Wednesday, 20 January 21
CORONAVIRUS OUTBREAK IN HEBEI HAS LIMITED IMPACT ON CHINA'S STEEL INDUSTRY - FITCH RATINGS
 The recent Covid-19 outbreak in the steel producing hub Hebei will not have material impact on China’s steel industry, Fitch Ratings says.
The most significant effect from the recent outbreak is the closure of certain transportation routes, which could delay raw material and product deliveries. However, we think steel production will be only minimally affected in the short term because the current restrictions are implemented in only some cities in the province. In addition, demand for steel products is generally weaker during winter when there is less construction activity. In the past few years (excluding exceptions caused by Covid-19), the new fixed-asset investment growth rate was in the low single digits in winter and in the mid to high single digits during the rest of the year.
Most steel plants maintain sufficient raw materials for operation in the short term, and steel plants usually plan for maintenance during the winter. Steel production in winter (November to February) during the last three years (excluding exceptions caused by Covid-19) was, on average, around 90% of the output for the rest of the year.
The closure of certain transportation routes began on 5 January 2021, and China’s steel product inventory level has increased by around 6% week on week since then. This increase is in line with that seen in previous years around the same time. Therefore, we think inventory build-up from the latest measures to curb the Covid-19 outbreak should not be significant.
However, prolonged restrictions or wider implementation of the measures could have a considerable impact on the steel industry. Extended logistics restrictions could mean insufficient raw materials for steel plants to continue production and delivery delays that could lead to inventory build-up. Construction around restricted areas may also be dampened, which will reduce demand for steel products.
Source: Fitch Ratings
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Saturday, 23 January 21
GOVT PLANNING TO OPEN UP COAL MARKETING TO STREAMLINE PROCESS - THE INDIAN EXPRESS
The government is considering opening up coal marketing, Coal Secretary Anil Kumar Jain said on Thursday. Currently, production by Coal India is al ...
Thursday, 21 January 21
LNG MARKET RIDING HIGH, BUT WILL THE GAINS CONTINUE? - DREWRY
The LNG market started 2021 on a high note with Asian spot prices crossing $30 per MMBtu while LNG shipping rates recorded a high $350k per day due ...
Thursday, 21 January 21
CHINA'S SPOT THERMAL COAL PRICES REFRESH RECORD HIGH - MYSTEEL
Despite the moderate rebound in temperatures across most regions of China after late December’s deep-freeze, thermal coal prices in the count ...
Wednesday, 20 January 21
MARKET INSIGHT - INTERMODAL
While 2020 is finally behind us, its negative impacts are still hovering over the shipping market. That being said, it is still too early to even s ...
Saturday, 16 January 21
SEABORNE TRADE IN STEAM COAL DECREASED BY 11.6% FROM 937 MILLION TONNES IN 2019 TO 828 MILLION TONNES IN 2020 - COAL IMPORTERS ASSOCIATION, GERMANY
According to preliminary calculations by the German Coal Importers Association (Verein der Kohlenimporteure e. V.), global hard coal production dec ...
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- Therma Luzon, Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Independent Power Producers Association of India
- Banpu Public Company Limited - Thailand
- Power Finance Corporation Ltd., India
- Iligan Light & Power Inc, Philippines
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- Electricity Generating Authority of Thailand
- Deloitte Consulting - India
- ASAPP Information Group - India
- Ministry of Finance - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Alfred C Toepfer International GmbH - Germany
- Tata Chemicals Ltd - India
- Binh Thuan Hamico - Vietnam
- Global Coal Blending Company Limited - Australia
- Sinarmas Energy and Mining - Indonesia
- GMR Energy Limited - India
- Anglo American - United Kingdom
- Australian Commodity Traders Exchange
- Orica Mining Services - Indonesia
- Siam City Cement PLC, Thailand
- AsiaOL BioFuels Corp., Philippines
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
- Bhoruka Overseas - Indonesia
- Meenaskhi Energy Private Limited - India
- Xindia Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- Kobexindo Tractors - Indoneisa
- India Bulls Power Limited - India
- Mintek Dendrill Indonesia
- Holcim Trading Pte Ltd - Singapore
- PowerSource Philippines DevCo
- Gujarat Sidhee Cement - India
- Orica Australia Pty. Ltd.
- Parry Sugars Refinery, India
- Oldendorff Carriers - Singapore
- Siam City Cement - Thailand
- Lanco Infratech Ltd - India
- Coal and Oil Company - UAE
- Mjunction Services Limited - India
- Cement Manufacturers Association - India
- CIMB Investment Bank - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Bharathi Cement Corporation - India
- ICICI Bank Limited - India
- Grasim Industreis Ltd - India
- Star Paper Mills Limited - India
- Essar Steel Hazira Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Global Green Power PLC Corporation, Philippines
- IEA Clean Coal Centre - UK
- Bhushan Steel Limited - India
- Ministry of Mines - Canada
- Agrawal Coal Company - India
- Manunggal Multi Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Energy Development Corp, Philippines
- Aditya Birla Group - India
- VISA Power Limited - India
- Jindal Steel & Power Ltd - India
- Medco Energi Mining Internasional
- Simpson Spence & Young - Indonesia
- International Coal Ventures Pvt Ltd - India
- Marubeni Corporation - India
- Sical Logistics Limited - India
- Riau Bara Harum - Indonesia
- Planning Commission, India
- White Energy Company Limited
- Ceylon Electricity Board - Sri Lanka
- Energy Link Ltd, New Zealand
- Bayan Resources Tbk. - Indonesia
- Dalmia Cement Bharat India
- Singapore Mercantile Exchange
- Asmin Koalindo Tuhup - Indonesia
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- Coastal Gujarat Power Limited - India
- Directorate Of Revenue Intelligence - India
- Videocon Industries ltd - India
- MS Steel International - UAE
- Price Waterhouse Coopers - Russia
- Wood Mackenzie - Singapore
- Attock Cement Pakistan Limited
- Renaissance Capital - South Africa
- Parliament of New Zealand
- Commonwealth Bank - Australia
- Sarangani Energy Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- GAC Shipping (India) Pvt Ltd
- IHS Mccloskey Coal Group - USA
- Trasteel International SA, Italy
- Bukit Baiduri Energy - Indonesia
- Antam Resourcindo - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Indian Energy Exchange, India
- Indonesian Coal Mining Association
- Edison Trading Spa - Italy
- Sree Jayajothi Cements Limited - India
- Vizag Seaport Private Limited - India
- Jaiprakash Power Ventures ltd
- Indogreen Group - Indonesia
- Chettinad Cement Corporation Ltd - India
- Ind-Barath Power Infra Limited - India
- Thai Mozambique Logistica
- Intertek Mineral Services - Indonesia
- McConnell Dowell - Australia
- Indian Oil Corporation Limited
- Sakthi Sugars Limited - India
- Minerals Council of Australia
- Chamber of Mines of South Africa
- Rio Tinto Coal - Australia
- Larsen & Toubro Limited - India
- GVK Power & Infra Limited - India
- Latin American Coal - Colombia
- Altura Mining Limited, Indonesia
- CNBM International Corporation - China
- Mercuria Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- Australian Coal Association
- SMC Global Power, Philippines
- Savvy Resources Ltd - HongKong
- Eastern Coal Council - USA
- Sojitz Corporation - Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Heidelberg Cement - Germany
- Kartika Selabumi Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Bulk Trading Sa - Switzerland
- Global Business Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Interocean Group of Companies - India
- Globalindo Alam Lestari - Indonesia
- Wilmar Investment Holdings
- Toyota Tsusho Corporation, Japan
- Petron Corporation, Philippines
- Bangladesh Power Developement Board
- Rashtriya Ispat Nigam Limited - India
- Jorong Barutama Greston.PT - Indonesia
- New Zealand Coal & Carbon
- Central Electricity Authority - India
- Tamil Nadu electricity Board
- PTC India Limited - India
- SMG Consultants - Indonesia
- Sindya Power Generating Company Private Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- OPG Power Generation Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Madhucon Powers Ltd - India
- Indo Tambangraya Megah - Indonesia
- Bhatia International Limited - India
- Romanian Commodities Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The Treasury - Australian Government
- SN Aboitiz Power Inc, Philippines
- London Commodity Brokers - England
- Vijayanagar Sugar Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Standard Chartered Bank - UAE
- Posco Energy - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Authority, New Zealand
- Samtan Co., Ltd - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Carbofer General Trading SA - India
- Indika Energy - Indonesia
- Eastern Energy - Thailand
- Central Java Power - Indonesia
- Port Waratah Coal Services - Australia
- Karaikal Port Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Africa Commodities Group - South Africa
- Formosa Plastics Group - Taiwan
- Meralco Power Generation, Philippines
- Barasentosa Lestari - Indonesia
- Economic Council, Georgia
- Pendopo Energi Batubara - Indonesia
- Straits Asia Resources Limited - Singapore
- Kaltim Prima Coal - Indonesia
- Goldman Sachs - Singapore
- Miang Besar Coal Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Merrill Lynch Commodities Europe
- Ambuja Cements Ltd - India
- Semirara Mining Corp, Philippines
- San Jose City I Power Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- The University of Queensland
- Vedanta Resources Plc - India
- Ministry of Transport, Egypt
- PNOC Exploration Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Malabar Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- Thiess Contractors Indonesia
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