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Saturday, 06 August 22
SUMITOMO Q1 PROFIT RISES 45% ON STRONGER PRICES OF COAL, NICKEL - REUTERS
Japanese trading house Sumitomo Corp 8053.T said on Wednesday its net profit for the April-June quarter rose 45% to a record thanks to higher prices of commodities such as coal and nickel as well as strong demand for steel products in North America.
Net profit for the three months climbed to a record 155.2 billion yen ($1.2 billion) from 107.3 billion yen a year earlier, but the company stuck to its annual profit forecast of 370 billion yen.
“Earnings from both resource and non-resource businesses have been stronger than anticipated earlier,” Sumitomo Chief Financial Officer Reiji Morooka told a news conference, adding that it may raise its profit guidance.
“On the other hand, the risk of a global economic slowdown and other uncertainties are increasing, and we will closely examine full-year forecasts going forward,” he said.
Sumitomo expects nickel production at its Ambatovy project in Madagascar to achieve its initial target of about 40,000 tonnes this financial year to March 31, after producing about 8,000 tonnes in the first quarter.
Increased oil and gas drilling activities in North America have also supported its steel pipe business in the April-June quarter and the company sees robust demand in pipes continuing through next March, Morooka said.
Asked whether Sumitomo expects any change in its business strategy in China amid rising tensions between China and Taiwan as well as China and the United States following U.S. House Speaker Nancy Pelosi’s visit to Taiwan, Morooka said no change is planned.
“It has become a major issue for us to think of how to deal with the heightened geopolitical risks triggered by not only the U.S.-China issue but also the Russia-Ukraine conflict,” Morooka said.
“We will pay close attention to the (U.S.-China) situation with high interest,” he said.
Source: Reuters
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Friday, 02 December 22
INDONESIAN COAL PRICE REFERENCE PLUNGE TOWARD US$ 281.48 A TON AS DEMAND DROPS WORLDWIDE
COALspot.com: The cost of coal is falling so fast that it is beginning to put real money back in the pockets of end-users.
Indonesia ...
Wednesday, 30 November 22
INDONESIA’S BUMI RESOURCES TARGETS 2023 COAL OUTPUT OF 80 MLN TONNES - REUTERS
Indonesian coal miner PT Bumi Resources Tbk BUMI.JKis eyeing a 10% increase in output to 80 million tonnes next year amid expectations for more fav ...
Wednesday, 30 November 22
TANKERS: LONGER HAULS TO SUPPORT CONTINUED STRENGTH - BIMCO
Highlights
A rebound in the dirty tanker trade has led the Baltic Exchange Dirty Index (BDTI) to increase by 64% since our last report from mid ...
Wednesday, 30 November 22
MARKET INSIGHT - INTERMODAL
Shipping, although a conservative and innovation adverse industry, is currently in a transition period of digital transformation. According to a su ...
Tuesday, 29 November 22
INDIA TO RECEIVE FIRST LNG CARGO FROM INDONESIA’S TANGGUH LNG - REUTERS
India will receive its first cargo from Indonesia’s Tangguh liquefied natural gas (LNG) plant at the Dahej terminal on Monday, according to a ...
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- Riau Bara Harum - Indonesia
- Baramulti Group, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Coalindo Energy - Indonesia
- Medco Energi Mining Internasional
- Central Electricity Authority - India
- PNOC Exploration Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Altura Mining Limited, Indonesia
- Global Coal Blending Company Limited - Australia
- Alfred C Toepfer International GmbH - Germany
- Bharathi Cement Corporation - India
- Ministry of Finance - Indonesia
- Siam City Cement - Thailand
- Sarangani Energy Corporation, Philippines
- Grasim Industreis Ltd - India
- Formosa Plastics Group - Taiwan
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- GAC Shipping (India) Pvt Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Globalindo Alam Lestari - Indonesia
- Australian Commodity Traders Exchange
- Madhucon Powers Ltd - India
- Binh Thuan Hamico - Vietnam
- Jaiprakash Power Ventures ltd
- Indonesian Coal Mining Association
- Banpu Public Company Limited - Thailand
- Sree Jayajothi Cements Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Toyota Tsusho Corporation, Japan
- Attock Cement Pakistan Limited
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- White Energy Company Limited
- Borneo Indobara - Indonesia
- Minerals Council of Australia
- Larsen & Toubro Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Marubeni Corporation - India
- Global Green Power PLC Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Africa Commodities Group - South Africa
- Commonwealth Bank - Australia
- Kumho Petrochemical, South Korea
- Energy Development Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Singapore Mercantile Exchange
- Edison Trading Spa - Italy
- Deloitte Consulting - India
- Port Waratah Coal Services - Australia
- Price Waterhouse Coopers - Russia
- Holcim Trading Pte Ltd - Singapore
- Kobexindo Tractors - Indoneisa
- Romanian Commodities Exchange
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- Anglo American - United Kingdom
- PowerSource Philippines DevCo
- Maheswari Brothers Coal Limited - India
- Indian Oil Corporation Limited
- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- MS Steel International - UAE
- Bhatia International Limited - India
- Renaissance Capital - South Africa
- TeaM Sual Corporation - Philippines
- Mjunction Services Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- The University of Queensland
- Barasentosa Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The Treasury - Australian Government
- Planning Commission, India
- Rashtriya Ispat Nigam Limited - India
- Sical Logistics Limited - India
- IEA Clean Coal Centre - UK
- Kartika Selabumi Mining - Indonesia
- Eastern Coal Council - USA
- Vizag Seaport Private Limited - India
- Aboitiz Power Corporation - Philippines
- Aditya Birla Group - India
- Bayan Resources Tbk. - Indonesia
- ICICI Bank Limited - India
- Star Paper Mills Limited - India
- Coastal Gujarat Power Limited - India
- Semirara Mining Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Indogreen Group - Indonesia
- Posco Energy - South Korea
- Wood Mackenzie - Singapore
- Lanco Infratech Ltd - India
- Georgia Ports Authority, United States
- Directorate General of MIneral and Coal - Indonesia
- Sakthi Sugars Limited - India
- Bangladesh Power Developement Board
- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
- VISA Power Limited - India
- The State Trading Corporation of India Ltd
- Mercator Lines Limited - India
- Latin American Coal - Colombia
- Bhoruka Overseas - Indonesia
- Orica Australia Pty. Ltd.
- Jindal Steel & Power Ltd - India
- Gujarat Sidhee Cement - India
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- Orica Mining Services - Indonesia
- Cement Manufacturers Association - India
- Siam City Cement PLC, Thailand
- Jorong Barutama Greston.PT - Indonesia
- GMR Energy Limited - India
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- PTC India Limited - India
- Electricity Authority, New Zealand
- Savvy Resources Ltd - HongKong
- Semirara Mining and Power Corporation, Philippines
- Thai Mozambique Logistica
- Sinarmas Energy and Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Agrawal Coal Company - India
- Global Business Power Corporation, Philippines
- New Zealand Coal & Carbon
- Independent Power Producers Association of India
- GVK Power & Infra Limited - India
- Mintek Dendrill Indonesia
- Thiess Contractors Indonesia
- Sojitz Corporation - Japan
- Mercuria Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- CIMB Investment Bank - Malaysia
- Straits Asia Resources Limited - Singapore
- Interocean Group of Companies - India
- GN Power Mariveles Coal Plant, Philippines
- Tamil Nadu electricity Board
- Vedanta Resources Plc - India
- International Coal Ventures Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Dalmia Cement Bharat India
- Videocon Industries ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ASAPP Information Group - India
- Therma Luzon, Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Indika Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Timah Investasi Mineral - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- Energy Link Ltd, New Zealand
- European Bulk Services B.V. - Netherlands
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- Karaikal Port Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Manunggal Multi Energi - Indonesia
- Xindia Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Goldman Sachs - Singapore
- Ministry of Transport, Egypt
- Bhushan Steel Limited - India
- Billiton Holdings Pty Ltd - Australia
- McConnell Dowell - Australia
- Chamber of Mines of South Africa
- Parliament of New Zealand
- Intertek Mineral Services - Indonesia
- Petron Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Trasteel International SA, Italy
- Bulk Trading Sa - Switzerland
- Heidelberg Cement - Germany
- Asmin Koalindo Tuhup - Indonesia
- Central Java Power - Indonesia
- Kaltim Prima Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- Standard Chartered Bank - UAE
- SMC Global Power, Philippines
- Eastern Energy - Thailand
- Ind-Barath Power Infra Limited - India
- Economic Council, Georgia
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Mines - Canada
- San Jose City I Power Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Krishnapatnam Port Company Ltd. - India
- Meenaskhi Energy Private Limited - India
- Metalloyd Limited - United Kingdom
- Electricity Generating Authority of Thailand
- Wilmar Investment Holdings
- Antam Resourcindo - Indonesia
- Australian Coal Association
- Karbindo Abesyapradhi - Indoneisa
- Rio Tinto Coal - Australia
- Uttam Galva Steels Limited - India
- Malabar Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Tata Chemicals Ltd - India
- Makarim & Taira - Indonesia
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