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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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Tuesday, 07 April 15
Q3 FOB RICHARDS BAY COAL SWAP CLOSED AT $ 55.96 PMT; DOWN 8.40% M-M
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q2' 2015 declined month over month and week on week.
The Q2 swap has declined U ...
Monday, 06 April 15
INDONESIA'S HBA FIXED AT US$ 64.48 PMT FOR APRIL DELIVERY; DOWN 4.84% M-M
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia revised down Indonesian coal benchmark prices to US$ 64.48 per MT in Apr ...
Monday, 06 April 15
FOB NEWCASTLE COAL SWAP DECLINED 12% MONTH OVER MONTH
COALspot.com: API 5 FOB Newcastle Coal swap for Q2’ 2015 delivery declined US$ 6.23 per MT (-12%) month over month and US$ 0.86 (-1.85%) week ...
Monday, 06 April 15
CFR SOUTH CHINA COAL SWAP FALL CONTINUES
COALspot.com: API 8 CFR South China Coal swap for Q2’ 2015 delivery declined US$ 5.96 (-10.37%) per MT month over month and US$ 0.98 (- ...
Sunday, 05 April 15
FREIGHT RATES UNDER PRESSURE WEEK OVER WEEK
COALspot.com: The Indices fell on all segments and the market seemed to soften this week.
The BDI was almost lost 1.34% week over week and clo ...
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- GAC Shipping (India) Pvt Ltd
- Kaltim Prima Coal - Indonesia
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- Globalindo Alam Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- London Commodity Brokers - England
- Bank of Tokyo Mitsubishi UFJ Ltd
- ICICI Bank Limited - India
- Australian Commodity Traders Exchange
- Thai Mozambique Logistica
- Bhushan Steel Limited - India
- Maheswari Brothers Coal Limited - India
- Simpson Spence & Young - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement PLC, Thailand
- Bulk Trading Sa - Switzerland
- Parry Sugars Refinery, India
- AsiaOL BioFuels Corp., Philippines
- IHS Mccloskey Coal Group - USA
- Petrochimia International Co. Ltd.- Taiwan
- Standard Chartered Bank - UAE
- Mercator Lines Limited - India
- Bayan Resources Tbk. - Indonesia
- Energy Link Ltd, New Zealand
- Kideco Jaya Agung - Indonesia
- Latin American Coal - Colombia
- Lanco Infratech Ltd - India
- Economic Council, Georgia
- Holcim Trading Pte Ltd - Singapore
- Romanian Commodities Exchange
- SN Aboitiz Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Metalloyd Limited - United Kingdom
- Therma Luzon, Inc, Philippines
- Vedanta Resources Plc - India
- San Jose City I Power Corp, Philippines
- Altura Mining Limited, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Meenaskhi Energy Private Limited - India
- Oldendorff Carriers - Singapore
- Alfred C Toepfer International GmbH - Germany
- Cigading International Bulk Terminal - Indonesia
- Orica Mining Services - Indonesia
- Australian Coal Association
- Petron Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
- Sakthi Sugars Limited - India
- Marubeni Corporation - India
- Minerals Council of Australia
- Renaissance Capital - South Africa
- The State Trading Corporation of India Ltd
- Manunggal Multi Energi - Indonesia
- Coal and Oil Company - UAE
- Bukit Baiduri Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Rio Tinto Coal - Australia
- Semirara Mining Corp, Philippines
- New Zealand Coal & Carbon
- The University of Queensland
- Sarangani Energy Corporation, Philippines
- White Energy Company Limited
- Indian Oil Corporation Limited
- Chamber of Mines of South Africa
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- Attock Cement Pakistan Limited
- Pendopo Energi Batubara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Medco Energi Mining Internasional
- Port Waratah Coal Services - Australia
- Eastern Coal Council - USA
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Electricity Generating Authority of Thailand
- Agrawal Coal Company - India
- India Bulls Power Limited - India
- IEA Clean Coal Centre - UK
- Mercuria Energy - Indonesia
- McConnell Dowell - Australia
- CIMB Investment Bank - Malaysia
- Mintek Dendrill Indonesia
- Toyota Tsusho Corporation, Japan
- Aditya Birla Group - India
- LBH Netherlands Bv - Netherlands
- Essar Steel Hazira Ltd - India
- Trasteel International SA, Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Orica Australia Pty. Ltd.
- Edison Trading Spa - Italy
- Singapore Mercantile Exchange
- Leighton Contractors Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Planning Commission, India
- Directorate General of MIneral and Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Videocon Industries ltd - India
- Uttam Galva Steels Limited - India
- Central Electricity Authority - India
- Barasentosa Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Global Business Power Corporation, Philippines
- Indogreen Group - Indonesia
- Grasim Industreis Ltd - India
- Straits Asia Resources Limited - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Larsen & Toubro Limited - India
- Billiton Holdings Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Carbofer General Trading SA - India
- Jorong Barutama Greston.PT - Indonesia
- Bhatia International Limited - India
- Krishnapatnam Port Company Ltd. - India
- Pipit Mutiara Jaya. PT, Indonesia
- Samtan Co., Ltd - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Kepco SPC Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Meralco Power Generation, Philippines
- International Coal Ventures Pvt Ltd - India
- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- Xindia Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Wood Mackenzie - Singapore
- Maharashtra Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Sinarmas Energy and Mining - Indonesia
- Georgia Ports Authority, United States
- MS Steel International - UAE
- Global Coal Blending Company Limited - Australia
- Central Java Power - Indonesia
- Interocean Group of Companies - India
- Kobexindo Tractors - Indoneisa
- Mjunction Services Limited - India
- CNBM International Corporation - China
- Sree Jayajothi Cements Limited - India
- Energy Development Corp, Philippines
- Heidelberg Cement - Germany
- Indika Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Madhucon Powers Ltd - India
- Bharathi Cement Corporation - India
- Ministry of Finance - Indonesia
- ASAPP Information Group - India
- Anglo American - United Kingdom
- Directorate Of Revenue Intelligence - India
- Ind-Barath Power Infra Limited - India
- Merrill Lynch Commodities Europe
- Gujarat Sidhee Cement - India
- Bangladesh Power Developement Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Timah Investasi Mineral - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Transport, Egypt
- Coastal Gujarat Power Limited - India
- Star Paper Mills Limited - India
- PTC India Limited - India
- Baramulti Group, Indonesia
- Price Waterhouse Coopers - Russia
- Jaiprakash Power Ventures ltd
- Tamil Nadu electricity Board
- Wilmar Investment Holdings
- Banpu Public Company Limited - Thailand
- Riau Bara Harum - Indonesia
- SMG Consultants - Indonesia
- Ministry of Mines - Canada
- Aboitiz Power Corporation - Philippines
- Makarim & Taira - Indonesia
- Posco Energy - South Korea
- Semirara Mining and Power Corporation, Philippines
- Sical Logistics Limited - India
- Indo Tambangraya Megah - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Parliament of New Zealand
- Karbindo Abesyapradhi - Indoneisa
- GMR Energy Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Deloitte Consulting - India
- Cement Manufacturers Association - India
- VISA Power Limited - India
- Goldman Sachs - Singapore
- Electricity Authority, New Zealand
- SMC Global Power, Philippines
- The Treasury - Australian Government
- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- Thiess Contractors Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Eastern Energy - Thailand
- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- Iligan Light & Power Inc, Philippines
- Borneo Indobara - Indonesia
- Savvy Resources Ltd - HongKong
- Kumho Petrochemical, South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Vizag Seaport Private Limited - India
- Coalindo Energy - Indonesia
- Indonesian Coal Mining Association
- Tata Chemicals Ltd - India
- Ambuja Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Jindal Steel & Power Ltd - India
- PowerSource Philippines DevCo
- Malabar Cements Ltd - India
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