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Tuesday, 08 November 22
OUTLOOK ON CHINA’S WEAKENED BASIC MATERIALS SECTOR CLOUDED BY POLICY SWINGS - FITCH RATINGS
 Fitch Ratings expects basic materials demand in China to improve qoq in 4Q22, driven by seasonally higher construction activity, solid infrastructure investments and steady auto demand from supportive policies. However, a yoy decline is inevitable, while potential policy changes around Covid-19 pandemic restrictions and property developer funding may alter current expectations.
Basic materials demand remained weak in 3Q22, in line with our expectation. The weakness continued in July and August due to seasonally low demand. However, a recovery in September was driven by steady manufacturing investment and rising infrastructure activity, which offset lower property investment. Meanwhile, prolonged Covid-19 related restrictions continued to pressure demand.
Commodity prices decreased during 3Q22, while margin trends differed among sectors. Steel saw a sharp drop in the average selling price (ASP) to close to pre-pandemic levels, driven by a weak market and flow through from lower raw material prices. The margins of steel makers recovered to breakeven levels, from a loss-making position at end-2Q22, as iron ore and coking coal prices corrected.
Cement ASP declined over July-August due to seasonality and weak fundamentals, despite continued output cuts. The ASP recovered in September, but remained much lower on a yoy basis. Strong coal prices saw cement producers’ margins weaken, particularly in September, driven by the need to prepare for heating in winter and recovering demand in downstream sectors.
Source: Fitch Ratings
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Thursday, 03 November 22
HANDYSIZE VALUES MOVING UP IN OCTOBER, WHILE LNG VALUES SKYROCKET - VESSELSVALUE
Handysize values have increased this month across most ages, following a period of decline. Values for generic 10 year old Handysizes have moved up ...
Thursday, 03 November 22
EUROPEAN GAS SUPPLY SURPLUS, NOVEMBER HBA DOWN TO US$ 308.2 PER TON - ESDM
European gas supply conditions have a major influence in determining fluctuations in the Reference Coal Price (HBA). The November 2022 HBA recorded ...
Wednesday, 02 November 22
MARKET INSIGHT - INTERMODAL
Only five weeks before western sanctions’ full effect, uncertainty over energy has markets and governments on the edge. What was initially th ...
Tuesday, 01 November 22
CHINA COAL TRADE DISRUPTED BY COVID OUTBREAKS AS WINTER LOOMS - REUTERS
China’s strict COVID-19 policy is constraining coal supplies and pushing up prices, industry officials and traders say, just weeks before the ...
Monday, 31 October 22
U.S. COAL-FIRED GENERATION DECLINING AFTER BRIEF RISE LAST YEAR - EIA
We expect 6% less U.S. coal-fired generation in 2022 than in 2021, according to our latest Short-Term Energy Outlook (STEO). Although coal-fired ge ...
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- Chettinad Cement Corporation Ltd - India
- PNOC Exploration Corporation - Philippines
- New Zealand Coal & Carbon
- Medco Energi Mining Internasional
- Sinarmas Energy and Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Posco Energy - South Korea
- Central Electricity Authority - India
- PowerSource Philippines DevCo
- Global Green Power PLC Corporation, Philippines
- Sakthi Sugars Limited - India
- Ministry of Finance - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Marubeni Corporation - India
- Siam City Cement - Thailand
- Commonwealth Bank - Australia
- TeaM Sual Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Borneo Indobara - Indonesia
- Jaiprakash Power Ventures ltd
- Maheswari Brothers Coal Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Maharashtra Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- IEA Clean Coal Centre - UK
- Makarim & Taira - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Edison Trading Spa - Italy
- Salva Resources Pvt Ltd - India
- Baramulti Group, Indonesia
- Vizag Seaport Private Limited - India
- CIMB Investment Bank - Malaysia
- London Commodity Brokers - England
- Banpu Public Company Limited - Thailand
- Economic Council, Georgia
- Dalmia Cement Bharat India
- VISA Power Limited - India
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
- Savvy Resources Ltd - HongKong
- CNBM International Corporation - China
- Petrochimia International Co. Ltd.- Taiwan
- Orica Australia Pty. Ltd.
- Heidelberg Cement - Germany
- Aditya Birla Group - India
- Parry Sugars Refinery, India
- Global Coal Blending Company Limited - Australia
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Sojitz Corporation - Japan
- Bayan Resources Tbk. - Indonesia
- Cement Manufacturers Association - India
- Toyota Tsusho Corporation, Japan
- Goldman Sachs - Singapore
- Minerals Council of Australia
- Indian Oil Corporation Limited
- Independent Power Producers Association of India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Indo Tambangraya Megah - Indonesia
- Parliament of New Zealand
- White Energy Company Limited
- Lanco Infratech Ltd - India
- Standard Chartered Bank - UAE
- Agrawal Coal Company - India
- The University of Queensland
- Indika Energy - Indonesia
- Interocean Group of Companies - India
- Antam Resourcindo - Indonesia
- Bharathi Cement Corporation - India
- GAC Shipping (India) Pvt Ltd
- Timah Investasi Mineral - Indoneisa
- Malabar Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Trasteel International SA, Italy
- Neyveli Lignite Corporation Ltd, - India
- Essar Steel Hazira Ltd - India
- Kartika Selabumi Mining - Indonesia
- San Jose City I Power Corp, Philippines
- Tata Chemicals Ltd - India
- Globalindo Alam Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Energy Development Corp, Philippines
- Jindal Steel & Power Ltd - India
- Bangladesh Power Developement Board
- Power Finance Corporation Ltd., India
- Australian Commodity Traders Exchange
- LBH Netherlands Bv - Netherlands
- Singapore Mercantile Exchange
- Pendopo Energi Batubara - Indonesia
- Larsen & Toubro Limited - India
- Semirara Mining and Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Coastal Gujarat Power Limited - India
- GMR Energy Limited - India
- Alfred C Toepfer International GmbH - Germany
- Australian Coal Association
- Billiton Holdings Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Vedanta Resources Plc - India
- Riau Bara Harum - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Price Waterhouse Coopers - Russia
- Thiess Contractors Indonesia
- Bukit Baiduri Energy - Indonesia
- Energy Link Ltd, New Zealand
- Indogreen Group - Indonesia
- South Luzon Thermal Energy Corporation
- Barasentosa Lestari - Indonesia
- GVK Power & Infra Limited - India
- Kumho Petrochemical, South Korea
- Eastern Coal Council - USA
- The Treasury - Australian Government
- Kohat Cement Company Ltd. - Pakistan
- Sical Logistics Limited - India
- Mercator Lines Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Mining Services - Indonesia
- Africa Commodities Group - South Africa
- Planning Commission, India
- Thai Mozambique Logistica
- Latin American Coal - Colombia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Formosa Plastics Group - Taiwan
- Coal and Oil Company - UAE
- SMG Consultants - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Romanian Commodities Exchange
- Simpson Spence & Young - Indonesia
- Electricity Generating Authority of Thailand
- Directorate Of Revenue Intelligence - India
- Gujarat Mineral Development Corp Ltd - India
- Indonesian Coal Mining Association
- Xindia Steels Limited - India
- Meralco Power Generation, Philippines
- McConnell Dowell - Australia
- Mjunction Services Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Attock Cement Pakistan Limited
- Chamber of Mines of South Africa
- OPG Power Generation Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Georgia Ports Authority, United States
- Star Paper Mills Limited - India
- Wood Mackenzie - Singapore
- Kapuas Tunggal Persada - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ambuja Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- The State Trading Corporation of India Ltd
- European Bulk Services B.V. - Netherlands
- Bhatia International Limited - India
- AsiaOL BioFuels Corp., Philippines
- Gujarat Sidhee Cement - India
- SN Aboitiz Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Carbofer General Trading SA - India
- Straits Asia Resources Limited - Singapore
- Oldendorff Carriers - Singapore
- Rio Tinto Coal - Australia
- ASAPP Information Group - India
- Electricity Authority, New Zealand
- Metalloyd Limited - United Kingdom
- Ministry of Transport, Egypt
- Iligan Light & Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Ind-Barath Power Infra Limited - India
- MS Steel International - UAE
- Anglo American - United Kingdom
- PTC India Limited - India
- Bhoruka Overseas - Indonesia
- Wilmar Investment Holdings
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining Corp, Philippines
- Deloitte Consulting - India
- Mintek Dendrill Indonesia
- Bulk Trading Sa - Switzerland
- Uttam Galva Steels Limited - India
- Mercuria Energy - Indonesia
- Central Java Power - Indonesia
- Rashtriya Ispat Nigam Limited - India
- SMC Global Power, Philippines
- Indian Energy Exchange, India
- India Bulls Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Kaltim Prima Coal - Indonesia
- Grasim Industreis Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Port Waratah Coal Services - Australia
- Coalindo Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Renaissance Capital - South Africa
- Ministry of Mines - Canada
- ICICI Bank Limited - India
- Bhushan Steel Limited - India
- Videocon Industries ltd - India
- Siam City Cement PLC, Thailand
- Global Business Power Corporation, Philippines
- Eastern Energy - Thailand
- Altura Mining Limited, Indonesia
- Therma Luzon, Inc, Philippines
- Tamil Nadu electricity Board
- Kideco Jaya Agung - Indonesia
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