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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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Sunday, 10 September 23
CHINA AUGUST COAL IMPORTS OF 44.3 MLN T HIT RECORD - REUTERS
China, the world’s top coal consumer, imported 44.3 million metric tons of the fuel last month, customs data showed, the highest amount in an ...
Tuesday, 22 August 23
CHINA'S COAL PRODUCTION LOGS STEADY GROWTH IN JANUARY-JULY: XINHUA
China’s output of raw coal went up 3.6 percent year on year in the first seven months of this year, official data showed.
The ...
Sunday, 13 August 23
THE COMMODITIES FEED: LNG SUPPLY RISKS LINGER - ING
Energy – OPEC sees deficit over remainder of 2023
Oil prices came under some pressure yesterday with ICE Brent settling a litt ...
Wednesday, 09 August 23
COAL TRADE TO RETURN TO 2019 LEVELS - BALTIC EXCHANGE
The International Energy Agency’s mid-year Coal Market Update for 2023 brings both positive and concerning news for the global coal industry. ...
Sunday, 23 July 23
ANALYSIS-INDIA'S COAL MINING BET STUMBLES AS WARY BANKS WEIGH RISING RISKS - REUTERS
India’s drive to ramp up coal output to meet growing energy demand is faltering due to banks’ reluctance to finance newly auctioned min ...
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- Kohat Cement Company Ltd. - Pakistan
- PNOC Exploration Corporation - Philippines
- Attock Cement Pakistan Limited
- Kapuas Tunggal Persada - Indonesia
- Savvy Resources Ltd - HongKong
- Bulk Trading Sa - Switzerland
- Aditya Birla Group - India
- Cement Manufacturers Association - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ASAPP Information Group - India
- Billiton Holdings Pty Ltd - Australia
- Eastern Energy - Thailand
- Therma Luzon, Inc, Philippines
- Orica Mining Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Georgia Ports Authority, United States
- Jindal Steel & Power Ltd - India
- Edison Trading Spa - Italy
- Ind-Barath Power Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- San Jose City I Power Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Madhucon Powers Ltd - India
- Medco Energi Mining Internasional
- OPG Power Generation Pvt Ltd - India
- Wood Mackenzie - Singapore
- Sinarmas Energy and Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Grasim Industreis Ltd - India
- Planning Commission, India
- Pipit Mutiara Jaya. PT, Indonesia
- SMG Consultants - Indonesia
- Simpson Spence & Young - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Goldman Sachs - Singapore
- Tamil Nadu electricity Board
- Lanco Infratech Ltd - India
- Directorate Of Revenue Intelligence - India
- Banpu Public Company Limited - Thailand
- IHS Mccloskey Coal Group - USA
- Rio Tinto Coal - Australia
- Bharathi Cement Corporation - India
- Indika Energy - Indonesia
- Tata Chemicals Ltd - India
- Orica Australia Pty. Ltd.
- PowerSource Philippines DevCo
- TNB Fuel Sdn Bhd - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- CNBM International Corporation - China
- GMR Energy Limited - India
- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
- Meralco Power Generation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Bukit Makmur.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bangladesh Power Developement Board
- Vedanta Resources Plc - India
- Krishnapatnam Port Company Ltd. - India
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Commonwealth Bank - Australia
- Kartika Selabumi Mining - Indonesia
- Malabar Cements Ltd - India
- Indian Oil Corporation Limited
- GAC Shipping (India) Pvt Ltd
- Xindia Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- Alfred C Toepfer International GmbH - Germany
- Salva Resources Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- White Energy Company Limited
- IEA Clean Coal Centre - UK
- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
- Bhushan Steel Limited - India
- Marubeni Corporation - India
- MS Steel International - UAE
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- Central Java Power - Indonesia
- Manunggal Multi Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Karaikal Port Pvt Ltd - India
- SMC Global Power, Philippines
- Iligan Light & Power Inc, Philippines
- Eastern Coal Council - USA
- Formosa Plastics Group - Taiwan
- Altura Mining Limited, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ICICI Bank Limited - India
- Gujarat Sidhee Cement - India
- Kumho Petrochemical, South Korea
- Chettinad Cement Corporation Ltd - India
- Oldendorff Carriers - Singapore
- New Zealand Coal & Carbon
- Metalloyd Limited - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Finance - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Globalindo Alam Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Mercator Lines Limited - India
- Australian Coal Association
- Parry Sugars Refinery, India
- Aboitiz Power Corporation - Philippines
- Videocon Industries ltd - India
- Sree Jayajothi Cements Limited - India
- Intertek Mineral Services - Indonesia
- Price Waterhouse Coopers - Russia
- Interocean Group of Companies - India
- Baramulti Group, Indonesia
- Agrawal Coal Company - India
- Heidelberg Cement - Germany
- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
- Wilmar Investment Holdings
- Carbofer General Trading SA - India
- Binh Thuan Hamico - Vietnam
- Anglo American - United Kingdom
- Australian Commodity Traders Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ambuja Cements Ltd - India
- Petron Corporation, Philippines
- Ministry of Mines - Canada
- Leighton Contractors Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- SN Aboitiz Power Inc, Philippines
- The University of Queensland
- Toyota Tsusho Corporation, Japan
- London Commodity Brokers - England
- Minerals Council of Australia
- Trasteel International SA, Italy
- Star Paper Mills Limited - India
- Pendopo Energi Batubara - Indonesia
- Riau Bara Harum - Indonesia
- Borneo Indobara - Indonesia
- Thai Mozambique Logistica
- Bhatia International Limited - India
- McConnell Dowell - Australia
- Coalindo Energy - Indonesia
- Posco Energy - South Korea
- Africa Commodities Group - South Africa
- Semirara Mining and Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Electricity Generating Authority of Thailand
- Latin American Coal - Colombia
- Renaissance Capital - South Africa
- Sarangani Energy Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement - Thailand
- Indo Tambangraya Megah - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Independent Power Producers Association of India
- The Treasury - Australian Government
- Kobexindo Tractors - Indoneisa
- Essar Steel Hazira Ltd - India
- Energy Link Ltd, New Zealand
- Meenaskhi Energy Private Limited - India
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- Semirara Mining Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Mjunction Services Limited - India
- India Bulls Power Limited - India
- Thiess Contractors Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Romanian Commodities Exchange
- Deloitte Consulting - India
- CIMB Investment Bank - Malaysia
- LBH Netherlands Bv - Netherlands
- Bukit Baiduri Energy - Indonesia
- Coal and Oil Company - UAE
- Larsen & Toubro Limited - India
- Antam Resourcindo - Indonesia
- Barasentosa Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Electricity Authority, New Zealand
- Mintek Dendrill Indonesia
- Sical Logistics Limited - India
- Sakthi Sugars Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bhoruka Overseas - Indonesia
- Standard Chartered Bank - UAE
- Kaltim Prima Coal - Indonesia
- Siam City Cement PLC, Thailand
- Port Waratah Coal Services - Australia
- VISA Power Limited - India
- Global Business Power Corporation, Philippines
- Energy Development Corp, Philippines
- Uttam Galva Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- GVK Power & Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Vizag Seaport Private Limited - India
- Economic Council, Georgia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dalmia Cement Bharat India
- Parliament of New Zealand
- Indonesian Coal Mining Association
- PetroVietnam Power Coal Import and Supply Company
- Central Electricity Authority - India
- PTC India Limited - India
- Bahari Cakrawala Sebuku - Indonesia
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