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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 Ratings.
The sector outlooks for APAC steel and energy, and global shipping, are negative even under our current forecast expectations where China slows only gradually. Asian manufacturing and technology sectors would also be significantly affected, given the scale of Chinese demand and its position in the regional supply chain, said Fitch Ratings in its latest note.
Fitch's core view remains that China will not experience a 'hard landing', with GDP growth forecast to slow to 6.3% and 6% in 2016 and 2017, respectively. But some risks remain of a disorderly structural rebalancing, where growth slows more quickly than forecast. Fitch has assessed the impact of a hypothetical scenario in which China's economy were to experience a rapid and substantial deceleration over a three-year period to end-2018, with shocks to both investment and consumption. Under this scenario, Chinese GDP growth would fall to an average of 2.3% per annum from 2016-2018.
Fitch further noted that, a sudden slowdown in China would act as a significant drag on global growth. APAC countries with the most extensive trade and investment connections with China would be the most exposed, and include Hong Kong, Singapore, Korea, Taiwan and Japan. Global commodity prices would stay lower for longer, and capital investment and export and trade-linked sectors would face the most significant effects on financial performance and credit profiles.
APAC manufacturers of heavy equipment and machinery, and dry-bulk shipping companies, would suffer as Chinese demand and investment growth - and by extension, regional trade - would fall rapidly. Chemicals, ores and minerals are also among the largest categories of exports to China from the APAC region. Consumer product manufacturers such as office and telecom equipment supplies would also be exposed.
According to Fitch, if Chinese consumer demand growth were to fall significantly under this scenario, then domestic technology firms would also experience pressure on revenues and margins. Furthermore, the broad-based effects on global demand from China's slowdown would also weigh on regional technology firms, given China's heavily integrated position in the APAC supply chain.
China imports large volumes of electronic components from the APAC region and exports finished products. If global consumer demand growth were to fall significantly, then price competition among producers would also be likely to rise, Fitch concluded.
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Friday, 02 August 24
COAL MARKET DEVELOPMENTS: FALLING PRICES AMID RECORD-HIGH OUTPUT - WORLD BANK
Coal prices inched up in May (m/m) following an 8 percent decline in 2024Q1. The Australian and South African benchmarks have plummeted more ...
Friday, 26 July 24
FUELEU MARITME IS COMING. IS YOUR CHARTERPARTY READY? - GARD
With less than six months to implementation of FuelEU Maritime in EU and EEA trades, there has been little published advice regarding how to alloca ...
Thursday, 04 July 24
INDIA'S COAL PRODUCTION RISES 14% IN JUNE - PTI
The country’s coal production rose by 14.49% to 84.63 million tonne (MT) in June. The country’s coal output was 73.92 MT in June last f ...
Tuesday, 02 July 24
NTPC CAPTIVE COAL OUTPUT GROWS 15% IN Q1; DESPATCH RISES 17%
State-owned NTPC on Monday reported a 15 per cent year-on-year increase in the production of coal from captives mines to 9.862 metric million tonne ...
Friday, 28 June 24
KOSPO INVITED BIDS FOR 400,000 MT OF MINIMUM 4000 NCV COAL FOR FIVE YEARS
Korea Southern Power Co., Ltd. (KOSPO), is inviting bids for total 400,000 MT of Low Calorific Value Coal for 5 years starting from July 2024 until ...
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- Banpu Public Company Limited - Thailand
- Timah Investasi Mineral - Indoneisa
- GMR Energy Limited - India
- San Jose City I Power Corp, Philippines
- Madhucon Powers Ltd - India
- Rio Tinto Coal - Australia
- Global Business Power Corporation, Philippines
- Heidelberg Cement - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Posco Energy - South Korea
- Central Java Power - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jindal Steel & Power Ltd - India
- Sojitz Corporation - Japan
- Commonwealth Bank - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meralco Power Generation, Philippines
- The Treasury - Australian Government
- Parry Sugars Refinery, India
- London Commodity Brokers - England
- Marubeni Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Barasentosa Lestari - Indonesia
- Planning Commission, India
- Bukit Makmur.PT - Indonesia
- Energy Link Ltd, New Zealand
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- Kepco SPC Power Corporation, Philippines
- Bhatia International Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Kobexindo Tractors - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Indian Oil Corporation Limited
- Formosa Plastics Group - Taiwan
- Dalmia Cement Bharat India
- Samtan Co., Ltd - South Korea
- IEA Clean Coal Centre - UK
- Kumho Petrochemical, South Korea
- Karaikal Port Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Krishnapatnam Port Company Ltd. - India
- Altura Mining Limited, Indonesia
- PNOC Exploration Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Gujarat Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Independent Power Producers Association of India
- Salva Resources Pvt Ltd - India
- Malabar Cements Ltd - India
- Interocean Group of Companies - India
- Indian Energy Exchange, India
- Kohat Cement Company Ltd. - Pakistan
- Renaissance Capital - South Africa
- Siam City Cement PLC, Thailand
- Thai Mozambique Logistica
- Bukit Baiduri Energy - Indonesia
- Medco Energi Mining Internasional
- Asmin Koalindo Tuhup - Indonesia
- Chamber of Mines of South Africa
- Indogreen Group - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- CIMB Investment Bank - Malaysia
- Borneo Indobara - Indonesia
- Semirara Mining Corp, Philippines
- ASAPP Information Group - India
- Globalindo Alam Lestari - Indonesia
- Attock Cement Pakistan Limited
- Holcim Trading Pte Ltd - Singapore
- Larsen & Toubro Limited - India
- Energy Development Corp, Philippines
- MS Steel International - UAE
- VISA Power Limited - India
- Videocon Industries ltd - India
- Georgia Ports Authority, United States
- Rashtriya Ispat Nigam Limited - India
- PTC India Limited - India
- Jaiprakash Power Ventures ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Goldman Sachs - Singapore
- White Energy Company Limited
- Straits Asia Resources Limited - Singapore
- Bhushan Steel Limited - India
- Sindya Power Generating Company Private Ltd
- Directorate General of MIneral and Coal - Indonesia
- Australian Coal Association
- Baramulti Group, Indonesia
- TeaM Sual Corporation - Philippines
- Cement Manufacturers Association - India
- Price Waterhouse Coopers - Russia
- Petrochimia International Co. Ltd.- Taiwan
- Uttam Galva Steels Limited - India
- Edison Trading Spa - Italy
- Electricity Generating Authority of Thailand
- Savvy Resources Ltd - HongKong
- New Zealand Coal & Carbon
- Makarim & Taira - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Indo Tambangraya Megah - Indonesia
- GVK Power & Infra Limited - India
- Lanco Infratech Ltd - India
- Ministry of Finance - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Deloitte Consulting - India
- Oldendorff Carriers - Singapore
- Mercator Lines Limited - India
- Ministry of Mines - Canada
- Simpson Spence & Young - Indonesia
- GAC Shipping (India) Pvt Ltd
- Eastern Energy - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Petron Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Pendopo Energi Batubara - Indonesia
- Standard Chartered Bank - UAE
- Bayan Resources Tbk. - Indonesia
- Bhoruka Overseas - Indonesia
- Sarangani Energy Corporation, Philippines
- SMC Global Power, Philippines
- Sinarmas Energy and Mining - Indonesia
- Power Finance Corporation Ltd., India
- Economic Council, Georgia
- Metalloyd Limited - United Kingdom
- Port Waratah Coal Services - Australia
- Star Paper Mills Limited - India
- IHS Mccloskey Coal Group - USA
- Alfred C Toepfer International GmbH - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Mercuria Energy - Indonesia
- India Bulls Power Limited - India
- Ambuja Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Grasim Industreis Ltd - India
- Coal and Oil Company - UAE
- Aditya Birla Group - India
- Vizag Seaport Private Limited - India
- Romanian Commodities Exchange
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
- Ind-Barath Power Infra Limited - India
- Bulk Trading Sa - Switzerland
- Carbofer General Trading SA - India
- Australian Commodity Traders Exchange
- Bharathi Cement Corporation - India
- Meenaskhi Energy Private Limited - India
- Kaltim Prima Coal - Indonesia
- Anglo American - United Kingdom
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- Tamil Nadu electricity Board
- Kideco Jaya Agung - Indonesia
- Ministry of Transport, Egypt
- Billiton Holdings Pty Ltd - Australia
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- Africa Commodities Group - South Africa
- Intertek Mineral Services - Indonesia
- Mjunction Services Limited - India
- Chettinad Cement Corporation Ltd - India
- CNBM International Corporation - China
- Mintek Dendrill Indonesia
- Ceylon Electricity Board - Sri Lanka
- PetroVietnam Power Coal Import and Supply Company
- Agrawal Coal Company - India
- Central Electricity Authority - India
- South Luzon Thermal Energy Corporation
- Singapore Mercantile Exchange
- The University of Queensland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coastal Gujarat Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Latin American Coal - Colombia
- The State Trading Corporation of India Ltd
- Parliament of New Zealand
- Sical Logistics Limited - India
- Global Coal Blending Company Limited - Australia
- Tata Chemicals Ltd - India
- Bangladesh Power Developement Board
- OPG Power Generation Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Aboitiz Power Corporation - Philippines
- Trasteel International SA, Italy
- Sakthi Sugars Limited - India
- Manunggal Multi Energi - Indonesia
- SMG Consultants - Indonesia
- Electricity Authority, New Zealand
- Minerals Council of Australia
- ICICI Bank Limited - India
- Cigading International Bulk Terminal - Indonesia
- Wilmar Investment Holdings
- Coalindo Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Siam City Cement - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Riau Bara Harum - Indonesia
- McConnell Dowell - Australia
- PowerSource Philippines DevCo
- Sree Jayajothi Cements Limited - India
- Therma Luzon, Inc, Philippines
- Essar Steel Hazira Ltd - India
- Orica Australia Pty. Ltd.
- Xindia Steels Limited - India
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