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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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Tuesday, 05 April 22
INDONESIAN COAL PRICE REFERENCE HITS RECORD ABOVE $288
COALspot.com: Indonesian Coal Price Reference for April in a steep climb from March 2022.
As expected, Russia – Ukraine war dr ...
Thursday, 31 March 22
CHINA STATE PLANNER ASKS COAL INDEX PROVIDERS TO RECTIFY IRREGULARITIES - REUTERS
China’s state planner has asked some major coal price index providers to rectify “severe irregularities” it had identified in the ...
Thursday, 31 March 22
IMPORTED COAL PRICES TO JUMP 55% IN APR-JUN, IMPACT INDIAN FIRMS: ICRA - LIVEMINT
Supply disruption owing to the Russia-Ukraine conflict could push the price of imported coal by 45-55% in Q1FY23 compared to the previous quarter, ...
Thursday, 31 March 22
CHINA'S COAL OUTPUT SET FOR MODERATE GROWTH IN 2022 - INDUSTRY BODY - REUTERS
China is expected to see its coal output to grow further in 2022 after hitting a record last year, an industry body forecast on Wednesday, as the c ...
Tuesday, 29 March 22
MEMR OF INDONESIA HAS FIXED COAL PRICE AT US$ 90 PER TONNE FOR DOMESTIC INDUSTRIES EXCEPT SMELTER INDUSTRIES; FOR PLN USD 70 IS APPLICABLE
Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif has set the selling price of coal for domestic, industrial except metal processing an ...
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- Agrawal Coal Company - India
- White Energy Company Limited
- Cement Manufacturers Association - India
- Romanian Commodities Exchange
- Malabar Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Bangladesh Power Developement Board
- Kapuas Tunggal Persada - Indonesia
- Bhoruka Overseas - Indonesia
- Siam City Cement PLC, Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Riau Bara Harum - Indonesia
- MS Steel International - UAE
- Madhucon Powers Ltd - India
- Mercuria Energy - Indonesia
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Georgia Ports Authority, United States
- Leighton Contractors Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Indika Energy - Indonesia
- Dalmia Cement Bharat India
- Planning Commission, India
- Aboitiz Power Corporation - Philippines
- Carbofer General Trading SA - India
- Thai Mozambique Logistica
- Siam City Cement - Thailand
- Anglo American - United Kingdom
- Sojitz Corporation - Japan
- Kobexindo Tractors - Indoneisa
- Wilmar Investment Holdings
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Tamil Nadu electricity Board
- Barasentosa Lestari - Indonesia
- Australian Commodity Traders Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parliament of New Zealand
- OPG Power Generation Pvt Ltd - India
- Africa Commodities Group - South Africa
- Meenaskhi Energy Private Limited - India
- Lanco Infratech Ltd - India
- Formosa Plastics Group - Taiwan
- Samtan Co., Ltd - South Korea
- Price Waterhouse Coopers - Russia
- Central Electricity Authority - India
- SMC Global Power, Philippines
- Jaiprakash Power Ventures ltd
- Merrill Lynch Commodities Europe
- Tata Chemicals Ltd - India
- Commonwealth Bank - Australia
- Orica Australia Pty. Ltd.
- Power Finance Corporation Ltd., India
- Orica Mining Services - Indonesia
- Bharathi Cement Corporation - India
- GMR Energy Limited - India
- Alfred C Toepfer International GmbH - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Energy Exchange, India
- Aditya Birla Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- The Treasury - Australian Government
- IEA Clean Coal Centre - UK
- Intertek Mineral Services - Indonesia
- Eastern Energy - Thailand
- Jindal Steel & Power Ltd - India
- Independent Power Producers Association of India
- Indian Oil Corporation Limited
- Karbindo Abesyapradhi - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Sical Logistics Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Trasteel International SA, Italy
- Standard Chartered Bank - UAE
- Meralco Power Generation, Philippines
- Ind-Barath Power Infra Limited - India
- Makarim & Taira - Indonesia
- TeaM Sual Corporation - Philippines
- Renaissance Capital - South Africa
- Ambuja Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Kepco SPC Power Corporation, Philippines
- Central Java Power - Indonesia
- Australian Coal Association
- CNBM International Corporation - China
- Ministry of Mines - Canada
- Karaikal Port Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Vedanta Resources Plc - India
- Holcim Trading Pte Ltd - Singapore
- Larsen & Toubro Limited - India
- Parry Sugars Refinery, India
- Mjunction Services Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Chettinad Cement Corporation Ltd - India
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- Kideco Jaya Agung - Indonesia
- Antam Resourcindo - Indonesia
- Ministry of Transport, Egypt
- Coastal Gujarat Power Limited - India
- Star Paper Mills Limited - India
- Pendopo Energi Batubara - Indonesia
- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Neyveli Lignite Corporation Ltd, - India
- PNOC Exploration Corporation - Philippines
- Chamber of Mines of South Africa
- Simpson Spence & Young - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sakthi Sugars Limited - India
- Sinarmas Energy and Mining - Indonesia
- Uttam Galva Steels Limited - India
- PowerSource Philippines DevCo
- International Coal Ventures Pvt Ltd - India
- Grasim Industreis Ltd - India
- Singapore Mercantile Exchange
- Ministry of Finance - Indonesia
- Indonesian Coal Mining Association
- Iligan Light & Power Inc, Philippines
- GVK Power & Infra Limited - India
- Baramulti Group, Indonesia
- Deloitte Consulting - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- McConnell Dowell - Australia
- Straits Asia Resources Limited - Singapore
- Rashtriya Ispat Nigam Limited - India
- Petron Corporation, Philippines
- Attock Cement Pakistan Limited
- Krishnapatnam Port Company Ltd. - India
- New Zealand Coal & Carbon
- Thiess Contractors Indonesia
- Mercator Lines Limited - India
- Videocon Industries ltd - India
- Global Green Power PLC Corporation, Philippines
- Kumho Petrochemical, South Korea
- Economic Council, Georgia
- The University of Queensland
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- GAC Shipping (India) Pvt Ltd
- Goldman Sachs - Singapore
- Maheswari Brothers Coal Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vizag Seaport Private Limited - India
- India Bulls Power Limited - India
- London Commodity Brokers - England
- Indo Tambangraya Megah - Indonesia
- Minerals Council of Australia
- CIMB Investment Bank - Malaysia
- Bhatia International Limited - India
- Medco Energi Mining Internasional
- SMG Consultants - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Marubeni Corporation - India
- The State Trading Corporation of India Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Bhushan Steel Limited - India
- IHS Mccloskey Coal Group - USA
- Gujarat Sidhee Cement - India
- Directorate Of Revenue Intelligence - India
- Toyota Tsusho Corporation, Japan
- Manunggal Multi Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Binh Thuan Hamico - Vietnam
- AsiaOL BioFuels Corp., Philippines
- ASAPP Information Group - India
- Electricity Authority, New Zealand
- Sree Jayajothi Cements Limited - India
- Altura Mining Limited, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Edison Trading Spa - Italy
- Energy Development Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Rio Tinto Coal - Australia
- Maharashtra Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Savvy Resources Ltd - HongKong
- Bahari Cakrawala Sebuku - Indonesia
- Global Coal Blending Company Limited - Australia
- Latin American Coal - Colombia
- Wood Mackenzie - Singapore
- Semirara Mining and Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- LBH Netherlands Bv - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Indogreen Group - Indonesia
- PTC India Limited - India
- Bayan Resources Tbk. - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Energy Link Ltd, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sindya Power Generating Company Private Ltd
- Interocean Group of Companies - India
- Timah Investasi Mineral - Indoneisa
- VISA Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Banpu Public Company Limited - Thailand
- Eastern Coal Council - USA
- Therma Luzon, Inc, Philippines
- Salva Resources Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Xindia Steels Limited - India
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