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Friday, 24 April 15
CHINA IRON ORE MINE CLOSURES TO SLOW ON GOVERNMENT SUPPORT - FITCH
 Fitch Ratings expects fewer Chinese iron ore mine closures in 2015 as the government takes steps to support the industry, which has been struggling with lower prices, and as most of the remaining mines have better attributes.
Fitch expects the government to continue introducing direct or indirect subsidies to support iron ore miners after a sharp downturn in iron ore prices in 2014 forced a slew of mines to close and increased China's reliance on imports, which reached an all-time high in 2014. The Chinese government recently said it would halve the resource tax on domestic iron ore producers to 40% from 80% from 1 May 2015, which would result in cost savings of about CNY6-15 a tonne for the miners.
Iron ore capacities in China that are still surviving either operate at lower costs, have higher grade products, are vertically integrated with steel mills, or are state-owned, which would make them less susceptible to closure.
According to the China Steel Association, the country's iron ore imports rose 13.8% in 2014 to 933 million tonnes, accounting for 78.5% of national consumption, and a 9.7pp increase from the previous year. Imports will continue to rise in 2015 as more Chinese miners shut, which will further strengthen the bargaining power of large international iron ore producers, something the Chinese government and the domestic steel industry would not want to see.
Chinese producers generally have higher production costs than their large global peers, and have struggled to compete as cheaper supply continued to flood the market. The industry association in China estimates that over 50% of Chinese iron ore mines produce at a cash cost of more than CNY500/tonne (USD81/tonne), compared with large global miners' USD20 35/tonne. Support from the Chinese government would provide a lifeline to keep domestic supply in the market for longer than would be otherwise possible.
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Friday, 06 September 24
REBOUND IN OIL DEMAND COULD LIFT MARKET IN LATTER HALF OF 2024 - BIMCO
Supply/demand
Based on a strong second half demand, the supply/balance is forecast to strengthen in 2024 but weaken slightly in 2025 as n ...
Friday, 06 September 24
GLOBAL SEABORNE LNG TRADE HAS CONTINUED TO INCREASE LAST YEAR - BANCHERO COSTA
Global seaborne LNG trade has continued to increase last year, helped also by the events in Ukraine which forced Europe to diversify away from Russ ...
Wednesday, 28 August 24
SEABORNE COAL IMPORTS INTO INDIA INCREASED BY +9.9% Y-O-Y TO 146.6 MLN T - BANCHERO COSTA
Global coal trade has really picked up pace over the past year, and is now fully back to pre-Covid levels said Banchero Costa Research in its lates ...
Tuesday, 06 August 24
EXERCISE CAUTION WITH AMMONIA SWITCH - BALTIC EXCHANGE
A new study from the Massachusetts Institute of Technology (MIT) has thrown a spanner into the plan to transition ships from diesel fuel to ammonia ...
Friday, 02 August 24
ENERGY MARKET DEVELOPMENTS: COAL AND NATURAL GAS PRICES REACH RECORD HIGHS - WORLD BANK
The recent surge in natural gas and coal prices has been so swift that the main benchmarks were roughly three times higher in 2022Q2 compared to a ...
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- Indogreen Group - Indonesia
- Posco Energy - South Korea
- Bharathi Cement Corporation - India
- Latin American Coal - Colombia
- Essar Steel Hazira Ltd - India
- Wood Mackenzie - Singapore
- Marubeni Corporation - India
- Singapore Mercantile Exchange
- Vizag Seaport Private Limited - India
- PTC India Limited - India
- Petron Corporation, Philippines
- Edison Trading Spa - Italy
- Banpu Public Company Limited - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Port Waratah Coal Services - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- CNBM International Corporation - China
- Commonwealth Bank - Australia
- SMG Consultants - Indonesia
- Mercuria Energy - Indonesia
- New Zealand Coal & Carbon
- Central Electricity Authority - India
- Goldman Sachs - Singapore
- Chettinad Cement Corporation Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Eastern Energy - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Videocon Industries ltd - India
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- Grasim Industreis Ltd - India
- Trasteel International SA, Italy
- Bukit Makmur.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Bayan Resources Tbk. - Indonesia
- GMR Energy Limited - India
- Pendopo Energi Batubara - Indonesia
- Borneo Indobara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- India Bulls Power Limited - India
- Sarangani Energy Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Rashtriya Ispat Nigam Limited - India
- Lanco Infratech Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Coastal Gujarat Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Indian Oil Corporation Limited
- LBH Netherlands Bv - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Orica Australia Pty. Ltd.
- The State Trading Corporation of India Ltd
- Coalindo Energy - Indonesia
- Vedanta Resources Plc - India
- PowerSource Philippines DevCo
- GVK Power & Infra Limited - India
- Meralco Power Generation, Philippines
- Indo Tambangraya Megah - Indonesia
- Standard Chartered Bank - UAE
- Malabar Cements Ltd - India
- Africa Commodities Group - South Africa
- Aditya Birla Group - India
- Australian Commodity Traders Exchange
- CIMB Investment Bank - Malaysia
- Mintek Dendrill Indonesia
- Leighton Contractors Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Indika Energy - Indonesia
- Star Paper Mills Limited - India
- Tata Chemicals Ltd - India
- Tamil Nadu electricity Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mjunction Services Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Coal Blending Company Limited - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Wilmar Investment Holdings
- Sinarmas Energy and Mining - Indonesia
- The Treasury - Australian Government
- Global Green Power PLC Corporation, Philippines
- Siam City Cement - Thailand
- Carbofer General Trading SA - India
- McConnell Dowell - Australia
- Central Java Power - Indonesia
- Samtan Co., Ltd - South Korea
- OPG Power Generation Pvt Ltd - India
- Independent Power Producers Association of India
- Baramulti Group, Indonesia
- Kumho Petrochemical, South Korea
- Orica Mining Services - Indonesia
- Medco Energi Mining Internasional
- Gujarat Mineral Development Corp Ltd - India
- Altura Mining Limited, Indonesia
- Formosa Plastics Group - Taiwan
- Planning Commission, India
- Cement Manufacturers Association - India
- Therma Luzon, Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Mines - Canada
- Salva Resources Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Australian Coal Association
- Holcim Trading Pte Ltd - Singapore
- Ministry of Finance - Indonesia
- SMC Global Power, Philippines
- Chamber of Mines of South Africa
- Jindal Steel & Power Ltd - India
- Eastern Coal Council - USA
- Ministry of Transport, Egypt
- Iligan Light & Power Inc, Philippines
- Coal and Oil Company - UAE
- Aboitiz Power Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Agrawal Coal Company - India
- Karaikal Port Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Anglo American - United Kingdom
- Semirara Mining Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Interocean Group of Companies - India
- Manunggal Multi Energi - Indonesia
- MS Steel International - UAE
- Miang Besar Coal Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- South Luzon Thermal Energy Corporation
- Ceylon Electricity Board - Sri Lanka
- San Jose City I Power Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Kobexindo Tractors - Indoneisa
- Makarim & Taira - Indonesia
- Oldendorff Carriers - Singapore
- Bulk Trading Sa - Switzerland
- Sree Jayajothi Cements Limited - India
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- Bhatia International Limited - India
- SN Aboitiz Power Inc, Philippines
- Deloitte Consulting - India
- Neyveli Lignite Corporation Ltd, - India
- Economic Council, Georgia
- ICICI Bank Limited - India
- Electricity Authority, New Zealand
- Xindia Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Sojitz Corporation - Japan
- Electricity Generating Authority of Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thiess Contractors Indonesia
- International Coal Ventures Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Uttam Galva Steels Limited - India
- Bangladesh Power Developement Board
- Timah Investasi Mineral - Indoneisa
- Merrill Lynch Commodities Europe
- Jaiprakash Power Ventures ltd
- White Energy Company Limited
- Minerals Council of Australia
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement PLC, Thailand
- Sindya Power Generating Company Private Ltd
- Ind-Barath Power Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- London Commodity Brokers - England
- Sical Logistics Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Energy Exchange, India
- Price Waterhouse Coopers - Russia
- Romanian Commodities Exchange
- Parry Sugars Refinery, India
- Attock Cement Pakistan Limited
- Kepco SPC Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Gujarat Sidhee Cement - India
- Directorate Of Revenue Intelligence - India
- Semirara Mining and Power Corporation, Philippines
- Georgia Ports Authority, United States
- TeaM Sual Corporation - Philippines
- Antam Resourcindo - Indonesia
- VISA Power Limited - India
- Mercator Lines Limited - India
- Rio Tinto Coal - Australia
- Simpson Spence & Young - Indonesia
- Binh Thuan Hamico - Vietnam
- IEA Clean Coal Centre - UK
- Toyota Tsusho Corporation, Japan
- Riau Bara Harum - Indonesia
- Renaissance Capital - South Africa
- Madhucon Powers Ltd - India
- Indonesian Coal Mining Association
- GAC Shipping (India) Pvt Ltd
- Bhushan Steel Limited - India
- IHS Mccloskey Coal Group - USA
- Bukit Baiduri Energy - Indonesia
- Parliament of New Zealand
- Kartika Selabumi Mining - Indonesia
- Larsen & Toubro Limited - India
- Energy Link Ltd, New Zealand
- Heidelberg Cement - Germany
- The University of Queensland
- Ambuja Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Power Finance Corporation Ltd., India
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