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Tuesday, 20 December 16
TURNAROUND IN CHINESE ECONOMY HAS INTENSIFIED RECENTLY, SAYS COMMODORE RESEARCH
 According to the most recent Weekly China Report published by Commodore Research, it has remained encouraging that the turnaround in China’s economy has intensified recently. Particularly important to Commodore Research is that Chinese steel output growth last month rose to the highest level seen this year, Chinese spending set a record in October and was very strong again last month, and Chinese electricity production growth has remained at a robust level since July. China's overall industrial production growth has also stayed strong, as Chinese industrial production grew year-on-year in November by 6.2%.
The strong growth in China's industrial production has continued to represent a particularly stark contrast from many other nations including the United States and even India. According to Commodore Research, each of the last fifteen months have seen US industrial production contract on a year-on-year basis. Most recently in November, US industrial production contracted year-on-year by 0.6%. Prior to this current fifteen-month period, the last time there were even two straight months of year-on-year US industrial production contraction was back in 2009.
Indian industrial production data for October was also released last week (Indian data lags behind Chinese and American data), and October saw India’s industrial production contract year-on-year by 1.9%. Indian industrial production has now contracted on a year-on-year basis during three out of the last four months. Overall, industrial production remains just one area where China continues to fare a great deal better than much of the rest of the world. As highlighted in Commodore Research's December 12th Weekly China Report, China has continued to maintain its overall dominance in both global trade and foreign exchange reserves as well.
China remains one of only two nations holding foreign exchange reserves totaling $1 trillion or greater (Japan is the other nation and currently holds only approximately $1.2 trillion in foreign exchange reserves). Chinese trade also continues to come in at an impressive surplus, and most recently its trade surplus totaled approximately $44.6 billion in November. To put Chinese trade into perspective, many nations (including the United States and India) have not achieved a trade surplus in any month this decade accord to analysis from Commodore Research.
Heading into the new year, it is very encouraging that the turnaround in China's economy has continued to intensify recently. The 5% year-on-year growth in China's steel output last month marked the strongest growth seen this year. Chinese spending has also broken through the 3 trillion yuan barrier in each of the last two months. In addition, China's year-on-year electricity production growth has come in at least 8% during each of the last five months, which marks a huge change from low growth seen in late 2015 and early this year. Three out of the last four months of 2015 did not see any year-on-year growth in China's electricity production and January and February only saw year-on-year growth of just 2%.
Going forward, Commodore Research anticipate that's Chinese lending will stay very strong next year, and that more records in consumer spending will be set. Recently released data showed Chinese consumer spending totaled approximately 3.1 trillion yuan in November, which marked only the second time in history that spending climbed to 3 trillion yuan or higher (the first time was in October). Overall, it is encouraging that each of the last two months have seen China’s consumer spending exceed 3 trillion yuan. The outlook for the Chinese economy next year remains very encouraging, especially in comparison with much of the rest of the world.
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Wednesday, 31 January 24
CHINA'S INNER MONGOLIA COAL OUTPUT HIT 1.21B TONS IN 2023 - XINHUA
North China’s Inner Mongolia autonomous region churned out 1.21 billion tons of coal in 2023 as it strives to guarantee the country’s e ...
Wednesday, 31 January 24
GAS EXPORTS COST U.S. CONSUMERS MORE THAN $100 BILLION OVER 16-MONTH PERIOD - IEEFA
Limited Demand Growth Could Dampen the Dry Bulk Market in the Coming Months BIMCOStarting in late 2021—before its invasion of Ukraine—R ...
Tuesday, 30 January 24
LIMITED DEMAND GROWTH COULD DAMPEN THE DRY BULK MARKET IN THE COMING MONTHS - BIMCO
Demand
In our base scenario, we expect cargo demand to grow by 0-1% in 2024 and 0.5-1.5% in 2025. This is a 0.5 percentage point reduction for ...
Friday, 26 January 24
RED SEA DIVERSIONS ADD NEARLY A MILLION DOLLARS PER VOYAGE TO SHIPPING COSTS WHILE DOUBLING TRANSIT TIME - LSEG
The incremental costs of diverting a tanker from Asia to NW Europe via the Cape of Good Hope is accounting for an extra $932,905 USD per voyage whi ...
Friday, 26 January 24
HARD COAL GUARDIAN ANGEL OF THE ENERGY SUPPLY - GERMANY COAL IMPORTERS ASSOCIATION
- No security of supply without hard coal
- The Substitute Power Plant Provision Act (EKBG) must be extended
- Higher grid fees due to the ...
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- Karbindo Abesyapradhi - Indoneisa
- Kobexindo Tractors - Indoneisa
- Deloitte Consulting - India
- Interocean Group of Companies - India
- Grasim Industreis Ltd - India
- South Luzon Thermal Energy Corporation
- Chamber of Mines of South Africa
- Global Green Power PLC Corporation, Philippines
- Latin American Coal - Colombia
- Neyveli Lignite Corporation Ltd, - India
- Attock Cement Pakistan Limited
- SMC Global Power, Philippines
- Petron Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Global Coal Blending Company Limited - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bharathi Cement Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ministry of Finance - Indonesia
- IHS Mccloskey Coal Group - USA
- Independent Power Producers Association of India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- VISA Power Limited - India
- Global Business Power Corporation, Philippines
- The Treasury - Australian Government
- White Energy Company Limited
- Mercator Lines Limited - India
- GAC Shipping (India) Pvt Ltd
- London Commodity Brokers - England
- Meenaskhi Energy Private Limited - India
- Indika Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Meralco Power Generation, Philippines
- Straits Asia Resources Limited - Singapore
- Barasentosa Lestari - Indonesia
- Borneo Indobara - Indonesia
- Larsen & Toubro Limited - India
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- TeaM Sual Corporation - Philippines
- Vedanta Resources Plc - India
- Siam City Cement - Thailand
- Standard Chartered Bank - UAE
- Thai Mozambique Logistica
- Kohat Cement Company Ltd. - Pakistan
- Sarangani Energy Corporation, Philippines
- Sojitz Corporation - Japan
- Posco Energy - South Korea
- Goldman Sachs - Singapore
- Parry Sugars Refinery, India
- Ministry of Transport, Egypt
- Maharashtra Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Coastal Gujarat Power Limited - India
- Makarim & Taira - Indonesia
- GMR Energy Limited - India
- Chettinad Cement Corporation Ltd - India
- Indian Oil Corporation Limited
- Thiess Contractors Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Australian Commodity Traders Exchange
- Indonesian Coal Mining Association
- ASAPP Information Group - India
- Renaissance Capital - South Africa
- Metalloyd Limited - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Price Waterhouse Coopers - Russia
- Lanco Infratech Ltd - India
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- Merrill Lynch Commodities Europe
- Mercuria Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Toyota Tsusho Corporation, Japan
- Sree Jayajothi Cements Limited - India
- Port Waratah Coal Services - Australia
- Star Paper Mills Limited - India
- Xindia Steels Limited - India
- MS Steel International - UAE
- Dalmia Cement Bharat India
- Bukit Baiduri Energy - Indonesia
- Indogreen Group - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Krishnapatnam Port Company Ltd. - India
- Romanian Commodities Exchange
- Africa Commodities Group - South Africa
- Indian Energy Exchange, India
- Aditya Birla Group - India
- Madhucon Powers Ltd - India
- Wood Mackenzie - Singapore
- Carbofer General Trading SA - India
- Heidelberg Cement - Germany
- Binh Thuan Hamico - Vietnam
- Tamil Nadu electricity Board
- Edison Trading Spa - Italy
- Semirara Mining and Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Altura Mining Limited, Indonesia
- Medco Energi Mining Internasional
- Pendopo Energi Batubara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- SN Aboitiz Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Uttam Galva Steels Limited - India
- Baramulti Group, Indonesia
- New Zealand Coal & Carbon
- Ministry of Mines - Canada
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Electricity Authority, New Zealand
- Marubeni Corporation - India
- Videocon Industries ltd - India
- Australian Coal Association
- Timah Investasi Mineral - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
- Semirara Mining Corp, Philippines
- Simpson Spence & Young - Indonesia
- Riau Bara Harum - Indonesia
- Kartika Selabumi Mining - Indonesia
- PTC India Limited - India
- Jindal Steel & Power Ltd - India
- Parliament of New Zealand
- Tata Chemicals Ltd - India
- Central Java Power - Indonesia
- ICICI Bank Limited - India
- Sical Logistics Limited - India
- Coalindo Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Planning Commission, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- McConnell Dowell - Australia
- Siam City Cement PLC, Thailand
- Electricity Generating Authority of Thailand
- Rashtriya Ispat Nigam Limited - India
- CNBM International Corporation - China
- Gujarat Sidhee Cement - India
- Miang Besar Coal Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Intertek Mineral Services - Indonesia
- Singapore Mercantile Exchange
- Central Electricity Authority - India
- Bulk Trading Sa - Switzerland
- Formosa Plastics Group - Taiwan
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Pipit Mutiara Jaya. PT, Indonesia
- Sakthi Sugars Limited - India
- Minerals Council of Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
- Orica Mining Services - Indonesia
- Economic Council, Georgia
- Petrochimia International Co. Ltd.- Taiwan
- The University of Queensland
- Indo Tambangraya Megah - Indonesia
- Mjunction Services Limited - India
- Manunggal Multi Energi - Indonesia
- Agrawal Coal Company - India
- Energy Development Corp, Philippines
- GVK Power & Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Bhatia International Limited - India
- Ind-Barath Power Infra Limited - India
- Bhushan Steel Limited - India
- India Bulls Power Limited - India
- Eastern Coal Council - USA
- Malabar Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Anglo American - United Kingdom
- Kideco Jaya Agung - Indonesia
- Bhoruka Overseas - Indonesia
- Orica Australia Pty. Ltd.
- Cement Manufacturers Association - India
- Wilmar Investment Holdings
- TNB Fuel Sdn Bhd - Malaysia
- Jaiprakash Power Ventures ltd
- Oldendorff Carriers - Singapore
- Holcim Trading Pte Ltd - Singapore
- OPG Power Generation Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Salva Resources Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Kumho Petrochemical, South Korea
- Rio Tinto Coal - Australia
- Antam Resourcindo - Indonesia
- Sindya Power Generating Company Private Ltd
- Bayan Resources Tbk. - Indonesia
- Mintek Dendrill Indonesia
- Gujarat Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Bangladesh Power Developement Board
- Kaltim Prima Coal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
- The State Trading Corporation of India Ltd
- Power Finance Corporation Ltd., India
- Globalindo Alam Lestari - Indonesia
- SMG Consultants - Indonesia
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