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Wednesday, 25 November 15
BIG CHINESE COPPER PROCESSORS DEFEND MARGINS THROUGH R&D, SAYS FITCH
 Large Chinese copper processors are focusing on higher value-added products and investing in R&D to enhance their technical know-how to maintain margin resilience amid a prolonged industry downturn, says Fitch Ratings.
Fitch expects Chinese copper processors to continue to record thin margins due to overcapacity and the sustained weakness in copper prices. Copper product prices may continue to fall more rapidly than the prices of copper cathode and copper scrap - two major raw materials for copper processors - due to slowing demand. At the same time, increasingly stringent labour and environmental protection requirements will raise costs, which will further squeeze processors' profitability. More than 20% of copper processors in China have been posting net losses for the past three years.
However, Fitch expects large companies with R&D capability, technical know-how and economies of scale to record resilient margins. For example, leading players such as Jiangxi Copper Co., Ltd and Tongling Jingda Special Magnet Wire Co., Ltd maintained stable copper processing gross profits of over CNY3,300 (approximately US$ 516.55) per tonne on average in 2014 and 1H15, while many of their smaller peers had gross profit of under CNY1,000 (approximately US$ 156.53) per tonne or posted losses.
Fitch expect large, leading Chinese copper processors to continue to actively invest in R&D of high value-added copper products, diversify their product offerings, and pursue vertical integration. For example, Tongling Nonferrous Metals Group Co., Ltd is developing precision copper foil for use in lithium batteries and other high value-added copper products.
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Friday, 18 December 15
WHEN IS A MASTER ENTITLED TO REFUSE DAMAGED CARGO? A REMINDER - THE STANDARD CLUB
KNOWLEDGE TO ELEVATE
A master’s authority to clause bills of lading issued by or on his behalf can sometimes become the cause of disagreeme ...
Friday, 18 December 15
CHINA GROWTH SHOCK TO HIT ENERGY, SHIPPING, STEEL MOST - FITCH
Energy, shipping and steel would be the hardest-hit sectors in Asia-Pacific (APAC) in the event of a sharp slowdown in Chinese growth, says Fitch R ...
Friday, 18 December 15
WEEKLY U.S. COAL PRODUCTION REMAINS FLAT ACROSS ALL BASINS
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 16.1 million shor ...
Thursday, 17 December 15
THE LOW DEMAND AND EXCESS COAL OUTPUT, KEEP THE FOB INDONESIA COAL SWAPS UNDER PRESSURE
COALspot.com: Indonesian coal swap for delivery Q1 2016 rose month on month and decline slightly week over week. For the week ended December 11, 20 ...
Thursday, 17 December 15
GLADSTONE PORT COAL RECORD LOOMING, EXPORTS UP 12% - GLADSTONE OBSERVER
COAL exports from Gladstone's port have taken a leap, with more than seven million tonnes leaving the wharves in November.
That increase i ...
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- Banpu Public Company Limited - Thailand
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- McConnell Dowell - Australia
- Sojitz Corporation - Japan
- Globalindo Alam Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Minerals Council of Australia
- Economic Council, Georgia
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- Electricity Generating Authority of Thailand
- Orica Mining Services - Indonesia
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- Bulk Trading Sa - Switzerland
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- Global Business Power Corporation, Philippines
- CNBM International Corporation - China
- Edison Trading Spa - Italy
- GVK Power & Infra Limited - India
- Anglo American - United Kingdom
- Kumho Petrochemical, South Korea
- Planning Commission, India
- Meralco Power Generation, Philippines
- Sarangani Energy Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Tata Chemicals Ltd - India
- Standard Chartered Bank - UAE
- Jindal Steel & Power Ltd - India
- OPG Power Generation Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ASAPP Information Group - India
- The Treasury - Australian Government
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- Semirara Mining and Power Corporation, Philippines
- ICICI Bank Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Meenaskhi Energy Private Limited - India
- Tamil Nadu electricity Board
- Xindia Steels Limited - India
- The University of Queensland
- Posco Energy - South Korea
- Madhucon Powers Ltd - India
- Merrill Lynch Commodities Europe
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- Renaissance Capital - South Africa
- Attock Cement Pakistan Limited
- Carbofer General Trading SA - India
- Mjunction Services Limited - India
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- White Energy Company Limited
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- Electricity Authority, New Zealand
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- Chamber of Mines of South Africa
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- Commonwealth Bank - Australia
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- TeaM Sual Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Wilmar Investment Holdings
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- Latin American Coal - Colombia
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- Karbindo Abesyapradhi - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Oil Corporation Limited
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Straits Asia Resources Limited - Singapore
- Kobexindo Tractors - Indoneisa
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- International Coal Ventures Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Power Finance Corporation Ltd., India
- Gujarat Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- New Zealand Coal & Carbon
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- Mercuria Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Metalloyd Limited - United Kingdom
- Uttam Galva Steels Limited - India
- Formosa Plastics Group - Taiwan
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- GMR Energy Limited - India
- Medco Energi Mining Internasional
- Goldman Sachs - Singapore
- India Bulls Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Eastern Coal Council - USA
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- London Commodity Brokers - England
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Parliament of New Zealand
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- Wood Mackenzie - Singapore
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- Indika Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Star Paper Mills Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Trasteel International SA, Italy
- Samtan Co., Ltd - South Korea
- Coastal Gujarat Power Limited - India
- Makarim & Taira - Indonesia
- Australian Commodity Traders Exchange
- Siam City Cement - Thailand
- Ministry of Finance - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cement Manufacturers Association - India
- Sakthi Sugars Limited - India
- Coalindo Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sindya Power Generating Company Private Ltd
- SN Aboitiz Power Inc, Philippines
- Parry Sugars Refinery, India
- Indonesian Coal Mining Association
- Essar Steel Hazira Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Manunggal Multi Energi - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bhatia International Limited - India
- Kartika Selabumi Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- The State Trading Corporation of India Ltd
- Antam Resourcindo - Indonesia
- Kideco Jaya Agung - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bayan Resources Tbk. - Indonesia
- Sree Jayajothi Cements Limited - India
- Bukit Baiduri Energy - Indonesia
- PowerSource Philippines DevCo
- Larsen & Toubro Limited - India
- PNOC Exploration Corporation - Philippines
- Coal and Oil Company - UAE
- PetroVietnam Power Coal Import and Supply Company
- Intertek Mineral Services - Indonesia
- Salva Resources Pvt Ltd - India
- Petron Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Grasim Industreis Ltd - India
- Binh Thuan Hamico - Vietnam
- Therma Luzon, Inc, Philippines
- Bhushan Steel Limited - India
- Heidelberg Cement - Germany
- Indian Energy Exchange, India
- Jorong Barutama Greston.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- San Jose City I Power Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Romanian Commodities Exchange
- Borneo Indobara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Global Coal Blending Company Limited - Australia
- Africa Commodities Group - South Africa
- Malabar Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Chettinad Cement Corporation Ltd - India
- Orica Australia Pty. Ltd.
- Ministry of Mines - Canada
- Bangladesh Power Developement Board
- Baramulti Group, Indonesia
- Price Waterhouse Coopers - Russia
- Eastern Energy - Thailand
- SMC Global Power, Philippines
- Singapore Mercantile Exchange
- PTC India Limited - India
- European Bulk Services B.V. - Netherlands
- CIMB Investment Bank - Malaysia
- Oldendorff Carriers - Singapore
- IHS Mccloskey Coal Group - USA
- Kaltim Prima Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Mercator Lines Limited - India
- Thai Mozambique Logistica
- Savvy Resources Ltd - HongKong
- Australian Coal Association
- Marubeni Corporation - India
- Aboitiz Power Corporation - Philippines
- Energy Link Ltd, New Zealand
- Georgia Ports Authority, United States
- Siam City Cement PLC, Thailand
- Krishnapatnam Port Company Ltd. - India
- Billiton Holdings Pty Ltd - Australia
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