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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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Wednesday, 05 October 22
BUNKER PRICES DOWN AGAIN; IS THERE MORE TO COME? - INTEGR8 FUELS
It’s the economy…..”
VLSFO prices are now back to levels at the start of this year. After all the extremes of thi ...
Wednesday, 05 October 22
MARKET INSIGHT - INTERMODAL
Amid the looming western sanctions on Russia, the country is challenged to pivot its energy markets away from Europe and toward the East. Yet, Russ ...
Tuesday, 04 October 22
A REMARKABLE SHIFT IN FORTUNES HAS BEEN NOTED IN THE CRUDE OIL TANKER MARKETS - ALLIED SHIPPING
A remarkable shift in fortunes has been noted in the crude oil tanker markets over the past month, yet despite these shifts being seemingly in thei ...
Tuesday, 04 October 22
OIL PRICES COULD SOON RETURN TO $100 AS OPEC+ CONSIDERS ‘HISTORIC’ CUT, ANALYSTS SAY - CNBC
An influential alliance of some of the world’s most powerful oil producers is reportedly considering their largest output cut since the start ...
Tuesday, 04 October 22
INDONESIAN COAL PRICE REFERENCE SURGE AGAIN TO RECORD HIGH
COALspot.com: Indonesian Coal Price Reference reached another record high in October as Russia's war in Ukraine continues to spark a surge in c ...
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- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Tata Chemicals Ltd - India
- Indian Oil Corporation Limited
- Heidelberg Cement - Germany
- Kapuas Tunggal Persada - Indonesia
- The Treasury - Australian Government
- Standard Chartered Bank - UAE
- Bulk Trading Sa - Switzerland
- Binh Thuan Hamico - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GVK Power & Infra Limited - India
- Anglo American - United Kingdom
- Mjunction Services Limited - India
- Billiton Holdings Pty Ltd - Australia
- Energy Development Corp, Philippines
- Attock Cement Pakistan Limited
- Jaiprakash Power Ventures ltd
- Jindal Steel & Power Ltd - India
- Wood Mackenzie - Singapore
- Cement Manufacturers Association - India
- Port Waratah Coal Services - Australia
- PNOC Exploration Corporation - Philippines
- IEA Clean Coal Centre - UK
- Timah Investasi Mineral - Indoneisa
- Energy Link Ltd, New Zealand
- Grasim Industreis Ltd - India
- CNBM International Corporation - China
- Electricity Authority, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
- Gujarat Sidhee Cement - India
- Uttam Galva Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Thai Mozambique Logistica
- Georgia Ports Authority, United States
- India Bulls Power Limited - India
- Parry Sugars Refinery, India
- ICICI Bank Limited - India
- ASAPP Information Group - India
- Rashtriya Ispat Nigam Limited - India
- Romanian Commodities Exchange
- Indonesian Coal Mining Association
- Savvy Resources Ltd - HongKong
- Price Waterhouse Coopers - Russia
- Oldendorff Carriers - Singapore
- Latin American Coal - Colombia
- LBH Netherlands Bv - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Dalmia Cement Bharat India
- Indika Energy - Indonesia
- Semirara Mining Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Mines - Canada
- Indo Tambangraya Megah - Indonesia
- Kideco Jaya Agung - Indonesia
- Barasentosa Lestari - Indonesia
- PowerSource Philippines DevCo
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhatia International Limited - India
- SMG Consultants - Indonesia
- Krishnapatnam Port Company Ltd. - India
- White Energy Company Limited
- Trasteel International SA, Italy
- Bharathi Cement Corporation - India
- Orica Mining Services - Indonesia
- Siam City Cement - Thailand
- Deloitte Consulting - India
- Vijayanagar Sugar Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Metalloyd Limited - United Kingdom
- Intertek Mineral Services - Indonesia
- Xindia Steels Limited - India
- SMC Global Power, Philippines
- Madhucon Powers Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Marubeni Corporation - India
- Toyota Tsusho Corporation, Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- New Zealand Coal & Carbon
- Neyveli Lignite Corporation Ltd, - India
- Straits Asia Resources Limited - Singapore
- Eastern Coal Council - USA
- Karaikal Port Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Miang Besar Coal Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Minerals Council of Australia
- Globalindo Alam Lestari - Indonesia
- Medco Energi Mining Internasional
- Australian Commodity Traders Exchange
- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
- Videocon Industries ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement PLC, Thailand
- Therma Luzon, Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- London Commodity Brokers - England
- Samtan Co., Ltd - South Korea
- Sical Logistics Limited - India
- Essar Steel Hazira Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Manunggal Multi Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- Global Business Power Corporation, Philippines
- Interocean Group of Companies - India
- Aditya Birla Group - India
- Central Electricity Authority - India
- Bukit Makmur.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Meralco Power Generation, Philippines
- Larsen & Toubro Limited - India
- TeaM Sual Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- The State Trading Corporation of India Ltd
- Chamber of Mines of South Africa
- Borneo Indobara - Indonesia
- Mercuria Energy - Indonesia
- Carbofer General Trading SA - India
- Parliament of New Zealand
- International Coal Ventures Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Meenaskhi Energy Private Limited - India
- Ind-Barath Power Infra Limited - India
- Ambuja Cements Ltd - India
- Antam Resourcindo - Indonesia
- OPG Power Generation Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Merrill Lynch Commodities Europe
- Bhushan Steel Limited - India
- Maheswari Brothers Coal Limited - India
- Wilmar Investment Holdings
- Kumho Petrochemical, South Korea
- Sree Jayajothi Cements Limited - India
- European Bulk Services B.V. - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Directorate General of MIneral and Coal - Indonesia
- Australian Coal Association
- Power Finance Corporation Ltd., India
- Central Java Power - Indonesia
- Kartika Selabumi Mining - Indonesia
- Tamil Nadu electricity Board
- GAC Shipping (India) Pvt Ltd
- Malabar Cements Ltd - India
- Riau Bara Harum - Indonesia
- Iligan Light & Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
- Africa Commodities Group - South Africa
- SN Aboitiz Power Inc, Philippines
- Economic Council, Georgia
- McConnell Dowell - Australia
- Salva Resources Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- PTC India Limited - India
- Sojitz Corporation - Japan
- Indogreen Group - Indonesia
- Edison Trading Spa - Italy
- Vedanta Resources Plc - India
- Commonwealth Bank - Australia
- Sinarmas Energy and Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- Coalindo Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- GMR Energy Limited - India
- Mintek Dendrill Indonesia
- Rio Tinto Coal - Australia
- The University of Queensland
- Bahari Cakrawala Sebuku - Indonesia
- VISA Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sarangani Energy Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Independent Power Producers Association of India
- Renaissance Capital - South Africa
- Lanco Infratech Ltd - India
- Bukit Baiduri Energy - Indonesia
- Star Paper Mills Limited - India
- Bangladesh Power Developement Board
- Vizag Seaport Private Limited - India
- Petron Corporation, Philippines
- Posco Energy - South Korea
- Gujarat Mineral Development Corp Ltd - India
- MS Steel International - UAE
- Sakthi Sugars Limited - India
- Semirara Mining and Power Corporation, Philippines
- Baramulti Group, Indonesia
- Ministry of Transport, Egypt
- Agrawal Coal Company - India
- IHS Mccloskey Coal Group - USA
- AsiaOL BioFuels Corp., Philippines
- Maharashtra Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Goldman Sachs - Singapore
- Electricity Generating Authority of Thailand
- Coal and Oil Company - UAE
- Sindya Power Generating Company Private Ltd
- Aboitiz Power Corporation - Philippines
- Indian Energy Exchange, India
- Karbindo Abesyapradhi - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
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