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Wednesday, 18 June 14
CHINESE STEEL PRODUCTION SETS RECORD DURING FIRST TEN DAYS OF JUNE - COMMODORE RESEARCH & CONSULTANCY
Recently released data shows that average daily crude steel production at China's key steel mills hit a record high of 1.833 million tons during the first ten days of this month. Previously, daily crude steel production at China's key steel mills during the last eleven days of May averaged 1.767 million tons - which was a high level, although down from the previous record of 1.824 million tons seen during the first ten days of May. It is very encouraging that Chinese steel production has set another record this month.
As we have continued to stress, Chinese steel production has remained very strong during the last several months. While Chinese steel production normally comes under a small amount of pressure in June (while still remaining at robust levels), it is very encouraging and not surprising that production has set a record this month. As we have been discussing in our Weekly Dry Bulk Reports and Weekly China Reports, demand for steel in China has remained firm as the government continues to green light new infrastructure projects and works towards further stimulating the economy. In addition, low iron ore prices have allowed profit margins at Chinese steel mills to improve significantly since the start of this year. Global demand for Chinese steel exports has also remained robust, even as global steel production has also set a new record this year.
Record steel production means record iron ore consumption. Overall, Chinese iron ore consumption has remained robust this year and Chinese iron ore imports have continued to surge. Chinese steel mills continue to purchase a record amount of iron ore imports this year, with Chinese iron ore imports this year up by approximately 20% from last year's record level. Going forward, Australian and Brazilian iron ore production is set to surge even further and steel mills will continue to happily purchase low-priced high quality iron ore from Australia and Brazil. At the same time, more Chinese domestic iron ore mines will likely suspend iron ore production as they can't compete with Australian and Brazilian mines with much lower costs. Seaborne iron ore trade is poised to remain robust.
Source: Commodore Research & Consultancy
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Wednesday, 22 November 23
INDIA: GOVERNMENT PLANS 1.4 BILLION TONNE COAL OUTPUT BY 2027 - LIVEMINT
The Union coal ministry on Monday announced plans to increase India’s coal production to 1.404 billion tonne by 2027, with an eye to further ...
Wednesday, 22 November 23
OBLIGATION. INDONESIA AIMS TO START COLLECTING LEVIES FROM COAL MINERS IN JANUARY - REUTERS
Indonesia plans to start collecting levies from coal miners in January to be used to compensate miners who sell coal to the state utility at lower ...
Tuesday, 21 November 23
INDIAN COAL POWER PLANTS’ CAPACITY UTILISATION WILL IMPROVE TO 65% THIS FISCAL: - CRISIL
Coal-based thermal power units’ plant load factor (PLF) or capacity utilisation will improve to 65 percent in the current fiscal year despite ...
Tuesday, 14 November 23
CAPITAL PRODUCT PARTNERS L.P. ANNOUNCES TRANSFORMATIVE TRANSACTION INCLUDING THE ACQUISITION OF 11 NEWBUILD LNG CARRIERS FOR $3.1 BILLION
Capital Product Partners L.P. announced that it has entered into an umbrella agreement (the “Umbrella Agreement”) with Capital Maritime ...
Tuesday, 14 November 23
COAL INDIA BEATS Q2 PROFIT VIEW ON HIGH POWER DEMAND AMID WEAK MONSOON - REUTERS
Coal India on Friday reported better-than-expected second-quarter profit, helped by high power demand and boosted production amid a weak monsoon.
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- Australian Coal Association
- Meralco Power Generation, Philippines
- Dalmia Cement Bharat India
- Aboitiz Power Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Planning Commission, India
- Economic Council, Georgia
- Singapore Mercantile Exchange
- Parry Sugars Refinery, India
- GVK Power & Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Ceylon Electricity Board - Sri Lanka
- Kaltim Prima Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Edison Trading Spa - Italy
- Samtan Co., Ltd - South Korea
- Manunggal Multi Energi - Indonesia
- Ministry of Mines - Canada
- Videocon Industries ltd - India
- Orica Australia Pty. Ltd.
- SMC Global Power, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Billiton Holdings Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Romanian Commodities Exchange
- MS Steel International - UAE
- Sindya Power Generating Company Private Ltd
- Sree Jayajothi Cements Limited - India
- Altura Mining Limited, Indonesia
- Siam City Cement - Thailand
- Bhoruka Overseas - Indonesia
- PTC India Limited - India
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Independent Power Producers Association of India
- Central Java Power - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Ambuja Cements Ltd - India
- PowerSource Philippines DevCo
- Indogreen Group - Indonesia
- Jindal Steel & Power Ltd - India
- Kepco SPC Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Aditya Birla Group - India
- Attock Cement Pakistan Limited
- Sarangani Energy Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Sidhee Cement - India
- LBH Netherlands Bv - Netherlands
- Salva Resources Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Iligan Light & Power Inc, Philippines
- Mercator Lines Limited - India
- SN Aboitiz Power Inc, Philippines
- New Zealand Coal & Carbon
- Standard Chartered Bank - UAE
- Chettinad Cement Corporation Ltd - India
- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
- Coalindo Energy - Indonesia
- Price Waterhouse Coopers - Russia
- ICICI Bank Limited - India
- Electricity Authority, New Zealand
- Ministry of Finance - Indonesia
- Semirara Mining Corp, Philippines
- Oldendorff Carriers - Singapore
- Lanco Infratech Ltd - India
- Tata Chemicals Ltd - India
- Energy Link Ltd, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Bharathi Cement Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- ASAPP Information Group - India
- Karaikal Port Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Bhushan Steel Limited - India
- Orica Mining Services - Indonesia
- Wilmar Investment Holdings
- McConnell Dowell - Australia
- IEA Clean Coal Centre - UK
- Renaissance Capital - South Africa
- TeaM Sual Corporation - Philippines
- Bhatia International Limited - India
- Makarim & Taira - Indonesia
- Grasim Industreis Ltd - India
- Larsen & Toubro Limited - India
- Timah Investasi Mineral - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Xindia Steels Limited - India
- Malabar Cements Ltd - India
- Bulk Trading Sa - Switzerland
- CNBM International Corporation - China
- Marubeni Corporation - India
- Medco Energi Mining Internasional
- Meenaskhi Energy Private Limited - India
- Deloitte Consulting - India
- Central Electricity Authority - India
- Bukit Baiduri Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Ministry of Transport, Egypt
- Straits Asia Resources Limited - Singapore
- Tamil Nadu electricity Board
- Goldman Sachs - Singapore
- Coastal Gujarat Power Limited - India
- Global Business Power Corporation, Philippines
- Agrawal Coal Company - India
- Sinarmas Energy and Mining - Indonesia
- Heidelberg Cement - Germany
- VISA Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Eastern Energy - Thailand
- Toyota Tsusho Corporation, Japan
- Maheswari Brothers Coal Limited - India
- Commonwealth Bank - Australia
- Baramulti Group, Indonesia
- Wood Mackenzie - Singapore
- CIMB Investment Bank - Malaysia
- Vizag Seaport Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Trasteel International SA, Italy
- Siam City Cement PLC, Thailand
- Latin American Coal - Colombia
- PNOC Exploration Corporation - Philippines
- Mintek Dendrill Indonesia
- Sakthi Sugars Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Sical Logistics Limited - India
- Posco Energy - South Korea
- Anglo American - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Savvy Resources Ltd - HongKong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Ind-Barath Power Infra Limited - India
- Electricity Generating Authority of Thailand
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- Kohat Cement Company Ltd. - Pakistan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Development Corp, Philippines
- White Energy Company Limited
- Global Green Power PLC Corporation, Philippines
- SMG Consultants - Indonesia
- Global Coal Blending Company Limited - Australia
- GAC Shipping (India) Pvt Ltd
- Kalimantan Lumbung Energi - Indonesia
- Interocean Group of Companies - India
- GMR Energy Limited - India
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Petron Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Borneo Indobara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Mjunction Services Limited - India
- The University of Queensland
- Georgia Ports Authority, United States
- Antam Resourcindo - Indonesia
- OPG Power Generation Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- Kobexindo Tractors - Indoneisa
- Riau Bara Harum - Indonesia
- Parliament of New Zealand
- Intertek Mineral Services - Indonesia
- Jaiprakash Power Ventures ltd
- Vijayanagar Sugar Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Maharashtra Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Port Waratah Coal Services - Australia
- GN Power Mariveles Coal Plant, Philippines
- Indonesian Coal Mining Association
- Madhucon Powers Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- India Bulls Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Binh Thuan Hamico - Vietnam
- Star Paper Mills Limited - India
- Indian Oil Corporation Limited
- Minerals Council of Australia
- Coal and Oil Company - UAE
- Sojitz Corporation - Japan
- Power Finance Corporation Ltd., India
- European Bulk Services B.V. - Netherlands
- Thai Mozambique Logistica
- Kideco Jaya Agung - Indonesia
- The Treasury - Australian Government
- Formosa Plastics Group - Taiwan
- London Commodity Brokers - England
- Asmin Koalindo Tuhup - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Rio Tinto Coal - Australia
- Simpson Spence & Young - Indonesia
- Carbofer General Trading SA - India
- Essar Steel Hazira Ltd - India
- Therma Luzon, Inc, Philippines
- Vedanta Resources Plc - India
- Mercuria Energy - Indonesia
- Cement Manufacturers Association - India
- Eastern Coal Council - USA
- Merrill Lynch Commodities Europe
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