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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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Thursday, 09 November 23
GREEK AND CHINESE COMPANIES OWN 34% OF THE GLOBAL FLEET’S CARGO CAPACITY - BIMCO
“The global fleet of cargo carrying ships consists of around 61,000 ships with a deadweight capacity of about 2,200 million tonnes. The ships ...
Monday, 23 October 23
CHINA SEPT COAL OUTPUT HITS SIX-MONTH HIGH ON RISING POWER DEMAND - REUTERS
China’s September coal output rose 0.4% from August to the highest level since March, official data showed on Wednesday, on rising power dema ...
Monday, 23 October 23
INDIA COAL INVENTORIES DROP AT FASTEST PACE IN TWO YEARS, BOOSTING IMPORTS - REUTERS
Coal inventories at Indian power plants in the first half of October fell at their fastest rate in two years, an analysis of government data showed ...
Tuesday, 19 September 23
LNG SHIPPING STOCKS: THE ASIAN GROWTH UP-INDICES
Last week, the UP World LNG Shipping Index (UPI) gained 3.81 points or 2.51%, closing at 155.85 points. This index tracks the performance of LNG sh ...
Sunday, 10 September 23
GOLDMAN SACHS PREDICTS OIL PRICE TO HIT $100 ON OPEC CUTS - YAHOO FINANCE
Oil supply cuts by Saudi Arabia and Russia could lead to Brent crude jumping as high as $107 a barrel in 2024, Goldman Sachs Commodities Research h ...
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- Romanian Commodities Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Attock Cement Pakistan Limited
- Thai Mozambique Logistica
- GAC Shipping (India) Pvt Ltd
- TeaM Sual Corporation - Philippines
- Minerals Council of Australia
- Carbofer General Trading SA - India
- Posco Energy - South Korea
- Sical Logistics Limited - India
- Oldendorff Carriers - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Meenaskhi Energy Private Limited - India
- Ambuja Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Deloitte Consulting - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Formosa Plastics Group - Taiwan
- Australian Coal Association
- Timah Investasi Mineral - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- Latin American Coal - Colombia
- Coastal Gujarat Power Limited - India
- Global Green Power PLC Corporation, Philippines
- GVK Power & Infra Limited - India
- Indonesian Coal Mining Association
- Commonwealth Bank - Australia
- European Bulk Services B.V. - Netherlands
- Ministry of Transport, Egypt
- PTC India Limited - India
- Siam City Cement - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Sojitz Corporation - Japan
- Salva Resources Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Samtan Co., Ltd - South Korea
- San Jose City I Power Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Gujarat Sidhee Cement - India
- Interocean Group of Companies - India
- Larsen & Toubro Limited - India
- Indian Oil Corporation Limited
- Gujarat Mineral Development Corp Ltd - India
- Kepco SPC Power Corporation, Philippines
- Economic Council, Georgia
- Essar Steel Hazira Ltd - India
- Malabar Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Power Finance Corporation Ltd., India
- Mintek Dendrill Indonesia
- ASAPP Information Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhushan Steel Limited - India
- Bharathi Cement Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- Sree Jayajothi Cements Limited - India
- Globalindo Alam Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Marubeni Corporation - India
- Ind-Barath Power Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
- Jorong Barutama Greston.PT - Indonesia
- GMR Energy Limited - India
- Makarim & Taira - Indonesia
- Agrawal Coal Company - India
- Altura Mining Limited, Indonesia
- Goldman Sachs - Singapore
- Tata Chemicals Ltd - India
- Mjunction Services Limited - India
- SN Aboitiz Power Inc, Philippines
- Trasteel International SA, Italy
- Krishnapatnam Port Company Ltd. - India
- Leighton Contractors Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Kartika Selabumi Mining - Indonesia
- Semirara Mining Corp, Philippines
- Borneo Indobara - Indonesia
- Port Waratah Coal Services - Australia
- Edison Trading Spa - Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thiess Contractors Indonesia
- Jindal Steel & Power Ltd - India
- Kumho Petrochemical, South Korea
- Bulk Trading Sa - Switzerland
- Eastern Energy - Thailand
- Ministry of Finance - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tamil Nadu electricity Board
- CIMB Investment Bank - Malaysia
- Antam Resourcindo - Indonesia
- Karaikal Port Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Rashtriya Ispat Nigam Limited - India
- Sinarmas Energy and Mining - Indonesia
- Madhucon Powers Ltd - India
- McConnell Dowell - Australia
- Meralco Power Generation, Philippines
- Siam City Cement PLC, Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- Anglo American - United Kingdom
- Therma Luzon, Inc, Philippines
- IEA Clean Coal Centre - UK
- Global Business Power Corporation, Philippines
- Star Paper Mills Limited - India
- Heidelberg Cement - Germany
- Chamber of Mines of South Africa
- Pendopo Energi Batubara - Indonesia
- Planning Commission, India
- Cement Manufacturers Association - India
- Georgia Ports Authority, United States
- Indika Energy - Indonesia
- Mercuria Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Singapore Mercantile Exchange
- Sakthi Sugars Limited - India
- Medco Energi Mining Internasional
- OPG Power Generation Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Energy Link Ltd, New Zealand
- Baramulti Group, Indonesia
- Kobexindo Tractors - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Parliament of New Zealand
- LBH Netherlands Bv - Netherlands
- Electricity Authority, New Zealand
- Savvy Resources Ltd - HongKong
- Indian Energy Exchange, India
- Xindia Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Cigading International Bulk Terminal - Indonesia
- Grasim Industreis Ltd - India
- White Energy Company Limited
- India Bulls Power Limited - India
- Bukit Makmur.PT - Indonesia
- Mercator Lines Limited - India
- PNOC Exploration Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Orica Australia Pty. Ltd.
- Metalloyd Limited - United Kingdom
- Central Electricity Authority - India
- PetroVietnam Power Coal Import and Supply Company
- SMG Consultants - Indonesia
- PowerSource Philippines DevCo
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- Parry Sugars Refinery, India
- CNBM International Corporation - China
- Uttam Galva Steels Limited - India
- Riau Bara Harum - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Coalindo Energy - Indonesia
- Independent Power Producers Association of India
- Wilmar Investment Holdings
- Toyota Tsusho Corporation, Japan
- Maheswari Brothers Coal Limited - India
- Bangladesh Power Developement Board
- Dalmia Cement Bharat India
- Manunggal Multi Energi - Indonesia
- Simpson Spence & Young - Indonesia
- Merrill Lynch Commodities Europe
- VISA Power Limited - India
- Vedanta Resources Plc - India
- Aditya Birla Group - India
- Kapuas Tunggal Persada - Indonesia
- Standard Chartered Bank - UAE
- ICICI Bank Limited - India
- New Zealand Coal & Carbon
- Binh Thuan Hamico - Vietnam
- Lanco Infratech Ltd - India
- The Treasury - Australian Government
- Bhatia International Limited - India
- Videocon Industries ltd - India
- Price Waterhouse Coopers - Russia
- Kohat Cement Company Ltd. - Pakistan
- Barasentosa Lestari - Indonesia
- Eastern Coal Council - USA
- Bahari Cakrawala Sebuku - Indonesia
- Rio Tinto Coal - Australia
- The University of Queensland
- Energy Development Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Intertek Mineral Services - Indonesia
- South Luzon Thermal Energy Corporation
- London Commodity Brokers - England
- The State Trading Corporation of India Ltd
- Kideco Jaya Agung - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Central Java Power - Indonesia
- Renaissance Capital - South Africa
- Aboitiz Power Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Directorate Of Revenue Intelligence - India
- Bukit Baiduri Energy - Indonesia
- MS Steel International - UAE
- Alfred C Toepfer International GmbH - Germany
- Iligan Light & Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Indogreen Group - Indonesia
- Coal and Oil Company - UAE
- Electricity Generating Authority of Thailand
- Petron Corporation, Philippines
- Australian Commodity Traders Exchange
- Straits Asia Resources Limited - Singapore
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