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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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Wednesday, 16 December 15
FOB RICHARDS BAY COAL SWAP SLUMP 5.5% FROM LAST MONTH
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q1’ 2016 decline month over month and week over week.
The Q1’ 2016 &nbs ...
Wednesday, 16 December 15
MARKET INSIGHT - KATERINA RESTIS
On Friday 4th of December the meeting of OPEC was held in Vienna, Austria. Since its last meeting, oil and product stock levels have continued to r ...
Tuesday, 15 December 15
THE GOVERNMENT DECLARED THERMAL COAL BENCHMARK PRICE CRASHING ONCE AGAIN
COALspot.com: Low coal demand and excess supplies sent Indonesian benchmark coal price down to below 2009 level. HBA has slumped by 1.69% mo ...
Tuesday, 15 December 15
API 5 FOB NEWCASTLE COAL SWAP FIRM W-W; WEAK M-M
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2016 delivery slid $.13 per ton (0.35%) month over month to US$ 37.07 per ton. The swap w ...
Monday, 14 December 15
5000 GAR CS (I) COAL INDEX DECLINE US$ 0.04 PER TON W-O-W
COALspot.com: The 5000 GAR CS (i) coal index decline US$ 0.04 per ton (-0.10 %) week over week.
According to the CS (i) coal (system generated ...
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- Global Green Power PLC Corporation, Philippines
- CNBM International Corporation - China
- SN Aboitiz Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- India Bulls Power Limited - India
- Semirara Mining Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Riau Bara Harum - Indonesia
- Chettinad Cement Corporation Ltd - India
- PowerSource Philippines DevCo
- Jindal Steel & Power Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Coastal Gujarat Power Limited - India
- Sindya Power Generating Company Private Ltd
- Star Paper Mills Limited - India
- Indian Energy Exchange, India
- Attock Cement Pakistan Limited
- Semirara Mining and Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Kumho Petrochemical, South Korea
- Central Electricity Authority - India
- Tamil Nadu electricity Board
- Cement Manufacturers Association - India
- Australian Commodity Traders Exchange
- Mercuria Energy - Indonesia
- Vizag Seaport Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Electricity Authority, New Zealand
- Miang Besar Coal Terminal - Indonesia
- IEA Clean Coal Centre - UK
- LBH Netherlands Bv - Netherlands
- Australian Coal Association
- Formosa Plastics Group - Taiwan
- Malabar Cements Ltd - India
- Therma Luzon, Inc, Philippines
- PTC India Limited - India
- Petron Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- Orica Mining Services - Indonesia
- SMG Consultants - Indonesia
- Heidelberg Cement - Germany
- Xindia Steels Limited - India
- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
- Baramulti Group, Indonesia
- Meralco Power Generation, Philippines
- Ministry of Mines - Canada
- PNOC Exploration Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- McConnell Dowell - Australia
- Global Coal Blending Company Limited - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Sarangani Energy Corporation, Philippines
- Makarim & Taira - Indonesia
- CIMB Investment Bank - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- New Zealand Coal & Carbon
- Chamber of Mines of South Africa
- Central Java Power - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Indogreen Group - Indonesia
- Price Waterhouse Coopers - Russia
- Global Business Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Bhushan Steel Limited - India
- Planning Commission, India
- Georgia Ports Authority, United States
- Grasim Industreis Ltd - India
- Gujarat Sidhee Cement - India
- Bayan Resources Tbk. - Indonesia
- Borneo Indobara - Indonesia
- Orica Australia Pty. Ltd.
- Savvy Resources Ltd - HongKong
- Pipit Mutiara Jaya. PT, Indonesia
- London Commodity Brokers - England
- Rio Tinto Coal - Australia
- Wood Mackenzie - Singapore
- Mjunction Services Limited - India
- Jaiprakash Power Ventures ltd
- Bukit Baiduri Energy - Indonesia
- Salva Resources Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Meenaskhi Energy Private Limited - India
- Agrawal Coal Company - India
- Asmin Koalindo Tuhup - Indonesia
- Energy Development Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement - Thailand
- Edison Trading Spa - Italy
- Eastern Energy - Thailand
- International Coal Ventures Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- ASAPP Information Group - India
- Ambuja Cements Ltd - India
- Mintek Dendrill Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Antam Resourcindo - Indonesia
- Thiess Contractors Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Trasteel International SA, Italy
- Lanco Infratech Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Coalindo Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- GVK Power & Infra Limited - India
- Metalloyd Limited - United Kingdom
- Sojitz Corporation - Japan
- Independent Power Producers Association of India
- SMC Global Power, Philippines
- Tata Chemicals Ltd - India
- Marubeni Corporation - India
- Parliament of New Zealand
- The State Trading Corporation of India Ltd
- Mercator Lines Limited - India
- White Energy Company Limited
- Vedanta Resources Plc - India
- Goldman Sachs - Singapore
- San Jose City I Power Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Ministry of Finance - Indonesia
- European Bulk Services B.V. - Netherlands
- Eastern Coal Council - USA
- Kobexindo Tractors - Indoneisa
- Samtan Co., Ltd - South Korea
- Straits Asia Resources Limited - Singapore
- OPG Power Generation Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- Indian Oil Corporation Limited
- Bangladesh Power Developement Board
- Madhucon Powers Ltd - India
- Bharathi Cement Corporation - India
- Aditya Birla Group - India
- South Luzon Thermal Energy Corporation
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- The University of Queensland
- Electricity Generating Authority of Thailand
- Coal and Oil Company - UAE
- Bhoruka Overseas - Indonesia
- ICICI Bank Limited - India
- Larsen & Toubro Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Globalindo Alam Lestari - Indonesia
- Barasentosa Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Interocean Group of Companies - India
- Bhatia International Limited - India
- Latin American Coal - Colombia
- Kideco Jaya Agung - Indonesia
- Altura Mining Limited, Indonesia
- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wilmar Investment Holdings
- Ministry of Transport, Egypt
- AsiaOL BioFuels Corp., Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Aboitiz Power Corporation - Philippines
- Siam City Cement PLC, Thailand
- Indo Tambangraya Megah - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Bukit Makmur.PT - Indonesia
- Minerals Council of Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Thai Mozambique Logistica
- Dalmia Cement Bharat India
- Parry Sugars Refinery, India
- Medco Energi Mining Internasional
- Offshore Bulk Terminal Pte Ltd, Singapore
- Merrill Lynch Commodities Europe
- Cigading International Bulk Terminal - Indonesia
- MS Steel International - UAE
- Africa Commodities Group - South Africa
- Sical Logistics Limited - India
- Carbofer General Trading SA - India
- Ind-Barath Power Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Anglo American - United Kingdom
- Economic Council, Georgia
- Posco Energy - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Standard Chartered Bank - UAE
- Commonwealth Bank - Australia
- Uttam Galva Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GMR Energy Limited - India
- Renaissance Capital - South Africa
- Sakthi Sugars Limited - India
- Deloitte Consulting - India
- Romanian Commodities Exchange
- Videocon Industries ltd - India
- The Treasury - Australian Government
- Holcim Trading Pte Ltd - Singapore
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