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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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Thursday, 03 December 15
DRY BULK: THERMAL COAL LOWER USAGE UNDER A POTENTIAL NEW CLIMATE DEAL WILL ADVERSELY IMPACT THE MARKET'S RECOVERY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In direct contrast to the tanker market, the dry bulk one has seen demand for key commodities, such a coal, dwindling down over the course of the p ...
Thursday, 03 December 15
PANAMAX BUSINESS REMAINED UNDER PRESSURE LAST WEEK
COALspot.com: Following the new record lows the Dry Bulk market witnessed the week prior, the BDI took a much needed breath during the past days.
...
Wednesday, 02 December 15
Q3' 16 FOB RICHARDS BAY COAL SWAP SLIGHTLY UP FOR THE THIRD STRAIGHT WEEK
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q1’ 2016 up month over month and fell week over week.
The Q1’ 2016 &nbs ...
Wednesday, 02 December 15
MARKET INSIGHT - VASSILIS LOGOTHETIS
Boom and bust cycles in commodity prices are not something rare, yet they have important implications both for the world economy in general and for ...
Tuesday, 01 December 15
FOB NEWCASTLE COAL SWAP UP THIS PAST WEEK
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2016 delivery slid $3.75 per ton (9.26%) month over month to US$ 36.75 per ton. The swap ...
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- PetroVietnam Power Coal Import and Supply Company
- Global Green Power PLC Corporation, Philippines
- Star Paper Mills Limited - India
- Independent Power Producers Association of India
- Energy Link Ltd, New Zealand
- Renaissance Capital - South Africa
- Bangladesh Power Developement Board
- Karaikal Port Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- PTC India Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meralco Power Generation, Philippines
- OPG Power Generation Pvt Ltd - India
- Planning Commission, India
- Thiess Contractors Indonesia
- Barasentosa Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Indonesian Coal Mining Association
- Orica Mining Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Indian Energy Exchange, India
- Asmin Koalindo Tuhup - Indonesia
- Aditya Birla Group - India
- Pendopo Energi Batubara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- Bank of Tokyo Mitsubishi UFJ Ltd
- Standard Chartered Bank - UAE
- Miang Besar Coal Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Anglo American - United Kingdom
- Meenaskhi Energy Private Limited - India
- Economic Council, Georgia
- Electricity Generating Authority of Thailand
- Gujarat Sidhee Cement - India
- Rio Tinto Coal - Australia
- Malabar Cements Ltd - India
- SMC Global Power, Philippines
- European Bulk Services B.V. - Netherlands
- Uttam Galva Steels Limited - India
- Banpu Public Company Limited - Thailand
- GMR Energy Limited - India
- Vizag Seaport Private Limited - India
- Siam City Cement PLC, Thailand
- Maharashtra Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Mercator Lines Limited - India
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- Salva Resources Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- South Luzon Thermal Energy Corporation
- Posco Energy - South Korea
- CIMB Investment Bank - Malaysia
- Bukit Baiduri Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Coalindo Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Timah Investasi Mineral - Indoneisa
- Bulk Trading Sa - Switzerland
- Sindya Power Generating Company Private Ltd
- Indian Oil Corporation Limited
- Videocon Industries ltd - India
- Grasim Industreis Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Georgia Ports Authority, United States
- Altura Mining Limited, Indonesia
- Attock Cement Pakistan Limited
- SMG Consultants - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement - Thailand
- SN Aboitiz Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Sree Jayajothi Cements Limited - India
- Sarangani Energy Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Kepco SPC Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Savvy Resources Ltd - HongKong
- Mjunction Services Limited - India
- Kobexindo Tractors - Indoneisa
- TeaM Sual Corporation - Philippines
- Indogreen Group - Indonesia
- Bhushan Steel Limited - India
- Price Waterhouse Coopers - Russia
- Karbindo Abesyapradhi - Indoneisa
- Borneo Indobara - Indonesia
- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
- McConnell Dowell - Australia
- Edison Trading Spa - Italy
- Australian Commodity Traders Exchange
- MS Steel International - UAE
- Eastern Coal Council - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Manunggal Multi Energi - Indonesia
- India Bulls Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Ministry of Finance - Indonesia
- Simpson Spence & Young - Indonesia
- Deloitte Consulting - India
- Makarim & Taira - Indonesia
- Medco Energi Mining Internasional
- Sakthi Sugars Limited - India
- International Coal Ventures Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ind-Barath Power Infra Limited - India
- Marubeni Corporation - India
- Cement Manufacturers Association - India
- Electricity Authority, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Romanian Commodities Exchange
- GVK Power & Infra Limited - India
- Indika Energy - Indonesia
- Xindia Steels Limited - India
- Baramulti Group, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Parliament of New Zealand
- Bharathi Cement Corporation - India
- Formosa Plastics Group - Taiwan
- Straits Asia Resources Limited - Singapore
- Kideco Jaya Agung - Indonesia
- Wood Mackenzie - Singapore
- Mercuria Energy - Indonesia
- Coal and Oil Company - UAE
- Lanco Infratech Ltd - India
- Parry Sugars Refinery, India
- Gujarat Mineral Development Corp Ltd - India
- Essar Steel Hazira Ltd - India
- Riau Bara Harum - Indonesia
- Goldman Sachs - Singapore
- Kohat Cement Company Ltd. - Pakistan
- The University of Queensland
- Madhucon Powers Ltd - India
- The State Trading Corporation of India Ltd
- Oldendorff Carriers - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Ministry of Mines - Canada
- Chamber of Mines of South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bayan Resources Tbk. - Indonesia
- Carbofer General Trading SA - India
- Heidelberg Cement - Germany
- San Jose City I Power Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Sical Logistics Limited - India
- London Commodity Brokers - England
- Rashtriya Ispat Nigam Limited - India
- Tamil Nadu electricity Board
- Commonwealth Bank - Australia
- Iligan Light & Power Inc, Philippines
- Wilmar Investment Holdings
- Kumho Petrochemical, South Korea
- Central Electricity Authority - India
- The Treasury - Australian Government
- GAC Shipping (India) Pvt Ltd
- Eastern Energy - Thailand
- Global Business Power Corporation, Philippines
- Central Java Power - Indonesia
- Intertek Mineral Services - Indonesia
- Trasteel International SA, Italy
- Globalindo Alam Lestari - Indonesia
- Dalmia Cement Bharat India
- LBH Netherlands Bv - Netherlands
- Binh Thuan Hamico - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Semirara Mining Corp, Philippines
- Bukit Makmur.PT - Indonesia
- PowerSource Philippines DevCo
- Minerals Council of Australia
- Aboitiz Power Corporation - Philippines
- VISA Power Limited - India
- Tata Chemicals Ltd - India
- Indo Tambangraya Megah - Indonesia
- Jindal Steel & Power Ltd - India
- Interocean Group of Companies - India
- ICICI Bank Limited - India
- Australian Coal Association
- Petron Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- Ambuja Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- ASAPP Information Group - India
- Coastal Gujarat Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Agrawal Coal Company - India
- IEA Clean Coal Centre - UK
- Ministry of Transport, Egypt
- Larsen & Toubro Limited - India
- Global Coal Blending Company Limited - Australia
- White Energy Company Limited
- Samtan Co., Ltd - South Korea
- PNOC Exploration Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Metalloyd Limited - United Kingdom
- Bhatia International Limited - India
- Antam Resourcindo - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Petrochimia International Co. Ltd.- Taiwan
- Thai Mozambique Logistica
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