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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, 23 February 24
STRONG OUTLOOK FOR THE TANKER MARKET IN 2024 AND BEYOND - DNV
Several factors have aligned over the past two years to create a robust and profitable market for tanker owners, which is expected to drive newbuil ...
Friday, 23 February 24
AUSTRALIAN COAL FLOWS TO ASIA HOVER ABOVE LAST YEAR’S VOLUME TONNES - SIGNAL GROUP
In the final days of February, the dry bulk freight market appeared to maintain a relatively stable momentum, particularly evident in the large ves ...
Friday, 23 February 24
RUSSIAN COAL SHIPMENTS FALL 14% AS SANCTIONS BITE - BIMCO
During the first seven weeks of 2024, Russian coal shipments have fallen 14% y/y. Volumes have gradually declined since October 2023 when logistica ...
Thursday, 22 February 24
BIMCO PUBLISHES SHIP FINANCING FORMS TO ENSURE UNINTERRUPTED USE OF SHIPS
BIMCO has published two standard Quiet Enjoyment Letters (QELs), the first standard form QELs available to the industry, to offer a tool that can e ...
Monday, 19 February 24
METALS INVESTMENT: THE DARKEST HOUR IS JUST BEFORE THE DAWN - WOOD MACKENZIE
Things often seem at their worst just before they get better. In terms of meeting our net zero 2050 scenario, we’ve reached a watershed momen ...
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- Eastern Energy - Thailand
- Manunggal Multi Energi - Indonesia
- GVK Power & Infra Limited - India
- Goldman Sachs - Singapore
- Formosa Plastics Group - Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Petron Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SN Aboitiz Power Inc, Philippines
- PTC India Limited - India
- TeaM Sual Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Ministry of Transport, Egypt
- Antam Resourcindo - Indonesia
- Wood Mackenzie - Singapore
- Central Electricity Authority - India
- Deloitte Consulting - India
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- Ceylon Electricity Board - Sri Lanka
- Metalloyd Limited - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Finance - Indonesia
- Eastern Coal Council - USA
- Global Business Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Interocean Group of Companies - India
- Kaltim Prima Coal - Indonesia
- Borneo Indobara - Indonesia
- Chamber of Mines of South Africa
- Binh Thuan Hamico - Vietnam
- Thai Mozambique Logistica
- ASAPP Information Group - India
- Semirara Mining Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Posco Energy - South Korea
- Meenaskhi Energy Private Limited - India
- Merrill Lynch Commodities Europe
- Parry Sugars Refinery, India
- Sinarmas Energy and Mining - Indonesia
- Mintek Dendrill Indonesia
- Standard Chartered Bank - UAE
- Karbindo Abesyapradhi - Indoneisa
- Maheswari Brothers Coal Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Economic Council, Georgia
- Miang Besar Coal Terminal - Indonesia
- Madhucon Powers Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Grasim Industreis Ltd - India
- Sojitz Corporation - Japan
- Kapuas Tunggal Persada - Indonesia
- South Luzon Thermal Energy Corporation
- AsiaOL BioFuels Corp., Philippines
- Electricity Authority, New Zealand
- GAC Shipping (India) Pvt Ltd
- Attock Cement Pakistan Limited
- Indian Energy Exchange, India
- Banpu Public Company Limited - Thailand
- Renaissance Capital - South Africa
- ICICI Bank Limited - India
- Directorate Of Revenue Intelligence - India
- Kohat Cement Company Ltd. - Pakistan
- New Zealand Coal & Carbon
- Kepco SPC Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- The University of Queensland
- Alfred C Toepfer International GmbH - Germany
- Therma Luzon, Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Makarim & Taira - Indonesia
- Bayan Resources Tbk. - Indonesia
- Star Paper Mills Limited - India
- Indonesian Coal Mining Association
- Carbofer General Trading SA - India
- Australian Commodity Traders Exchange
- Georgia Ports Authority, United States
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMC Global Power, Philippines
- Orica Mining Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The Treasury - Australian Government
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Development Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Bukit Makmur.PT - Indonesia
- CNBM International Corporation - China
- GMR Energy Limited - India
- Siam City Cement PLC, Thailand
- Anglo American - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Global Green Power PLC Corporation, Philippines
- Trasteel International SA, Italy
- OPG Power Generation Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Electricity Generating Authority of Thailand
- Coalindo Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- Videocon Industries ltd - India
- Orica Australia Pty. Ltd.
- Ministry of Mines - Canada
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- Holcim Trading Pte Ltd - Singapore
- Australian Coal Association
- Sakthi Sugars Limited - India
- Riau Bara Harum - Indonesia
- Altura Mining Limited, Indonesia
- Ind-Barath Power Infra Limited - India
- Indogreen Group - Indonesia
- Indo Tambangraya Megah - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Parliament of New Zealand
- London Commodity Brokers - England
- Directorate General of MIneral and Coal - Indonesia
- Romanian Commodities Exchange
- San Jose City I Power Corp, Philippines
- Wilmar Investment Holdings
- Mercuria Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Heidelberg Cement - Germany
- Vizag Seaport Private Limited - India
- Jaiprakash Power Ventures ltd
- Sree Jayajothi Cements Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- The State Trading Corporation of India Ltd
- VISA Power Limited - India
- Sarangani Energy Corporation, Philippines
- Ambuja Cements Ltd - India
- Edison Trading Spa - Italy
- Oldendorff Carriers - Singapore
- Tamil Nadu electricity Board
- Cigading International Bulk Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Africa Commodities Group - South Africa
- Indian Oil Corporation Limited
- Salva Resources Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Medco Energi Mining Internasional
- Kumho Petrochemical, South Korea
- McConnell Dowell - Australia
- Bharathi Cement Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- SMG Consultants - Indonesia
- Bhushan Steel Limited - India
- Bukit Baiduri Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Gujarat Sidhee Cement - India
- PNOC Exploration Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Bangladesh Power Developement Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- Timah Investasi Mineral - Indoneisa
- Larsen & Toubro Limited - India
- Latin American Coal - Colombia
- Port Waratah Coal Services - Australia
- Siam City Cement - Thailand
- International Coal Ventures Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Baramulti Group, Indonesia
- Chettinad Cement Corporation Ltd - India
- Central Java Power - Indonesia
- Karaikal Port Pvt Ltd - India
- White Energy Company Limited
- Globalindo Alam Lestari - Indonesia
- Barasentosa Lestari - Indonesia
- MS Steel International - UAE
- Neyveli Lignite Corporation Ltd, - India
- Independent Power Producers Association of India
- Coal and Oil Company - UAE
- Kalimantan Lumbung Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Planning Commission, India
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Sical Logistics Limited - India
- Rio Tinto Coal - Australia
- CIMB Investment Bank - Malaysia
- Marubeni Corporation - India
- Sindya Power Generating Company Private Ltd
- Bulk Trading Sa - Switzerland
- Kobexindo Tractors - Indoneisa
- Kideco Jaya Agung - Indonesia
- Minerals Council of Australia
- Indika Energy - Indonesia
- Meralco Power Generation, Philippines
- Energy Link Ltd, New Zealand
- Thiess Contractors Indonesia
- Mercator Lines Limited - India
- Aditya Birla Group - India
- IHS Mccloskey Coal Group - USA
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- Toyota Tsusho Corporation, Japan
- Malabar Cements Ltd - India
- Cement Manufacturers Association - India
- PowerSource Philippines DevCo
- Mjunction Services Limited - India
- Commonwealth Bank - Australia
- Xindia Steels Limited - India
- Vedanta Resources Plc - India
- Lanco Infratech Ltd - India
- Essar Steel Hazira Ltd - India
- Straits Asia Resources Limited - Singapore
- Bhatia International Limited - India
- India Bulls Power Limited - India
- Rashtriya Ispat Nigam Limited - India
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