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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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Thursday, 09 November 23
GREEK AND CHINESE COMPANIES OWN 34% OF THE GLOBAL FLEET’S CARGO CAPACITY - BIMCO
“The global fleet of cargo carrying ships consists of around 61,000 ships with a deadweight capacity of about 2,200 million tonnes. The ships ...
Monday, 23 October 23
CHINA SEPT COAL OUTPUT HITS SIX-MONTH HIGH ON RISING POWER DEMAND - REUTERS
China’s September coal output rose 0.4% from August to the highest level since March, official data showed on Wednesday, on rising power dema ...
Monday, 23 October 23
INDIA COAL INVENTORIES DROP AT FASTEST PACE IN TWO YEARS, BOOSTING IMPORTS - REUTERS
Coal inventories at Indian power plants in the first half of October fell at their fastest rate in two years, an analysis of government data showed ...
Tuesday, 19 September 23
LNG SHIPPING STOCKS: THE ASIAN GROWTH UP-INDICES
Last week, the UP World LNG Shipping Index (UPI) gained 3.81 points or 2.51%, closing at 155.85 points. This index tracks the performance of LNG sh ...
Sunday, 10 September 23
GOLDMAN SACHS PREDICTS OIL PRICE TO HIT $100 ON OPEC CUTS - YAHOO FINANCE
Oil supply cuts by Saudi Arabia and Russia could lead to Brent crude jumping as high as $107 a barrel in 2024, Goldman Sachs Commodities Research h ...
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- Parry Sugars Refinery, India
- Kapuas Tunggal Persada - Indonesia
- Ministry of Mines - Canada
- Bhatia International Limited - India
- Chamber of Mines of South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wilmar Investment Holdings
- Trasteel International SA, Italy
- GAC Shipping (India) Pvt Ltd
- Coastal Gujarat Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Coalindo Energy - Indonesia
- Renaissance Capital - South Africa
- Jaiprakash Power Ventures ltd
- Medco Energi Mining Internasional
- Chettinad Cement Corporation Ltd - India
- Globalindo Alam Lestari - Indonesia
- Aditya Birla Group - India
- Parliament of New Zealand
- White Energy Company Limited
- Sree Jayajothi Cements Limited - India
- Economic Council, Georgia
- Australian Commodity Traders Exchange
- Semirara Mining and Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Power Finance Corporation Ltd., India
- Indian Energy Exchange, India
- GN Power Mariveles Coal Plant, Philippines
- Energy Development Corp, Philippines
- CIMB Investment Bank - Malaysia
- Central Java Power - Indonesia
- Central Electricity Authority - India
- Leighton Contractors Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Maheswari Brothers Coal Limited - India
- Kumho Petrochemical, South Korea
- Timah Investasi Mineral - Indoneisa
- ICICI Bank Limited - India
- European Bulk Services B.V. - Netherlands
- Standard Chartered Bank - UAE
- Karbindo Abesyapradhi - Indoneisa
- Kaltim Prima Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- SMG Consultants - Indonesia
- Merrill Lynch Commodities Europe
- San Jose City I Power Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PNOC Exploration Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- MS Steel International - UAE
- Kepco SPC Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Commonwealth Bank - Australia
- Malabar Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- Sakthi Sugars Limited - India
- Miang Besar Coal Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Price Waterhouse Coopers - Russia
- IHS Mccloskey Coal Group - USA
- Manunggal Multi Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Dalmia Cement Bharat India
- Iligan Light & Power Inc, Philippines
- India Bulls Power Limited - India
- Heidelberg Cement - Germany
- Barasentosa Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bulk Trading Sa - Switzerland
- Gujarat Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Sojitz Corporation - Japan
- Bangladesh Power Developement Board
- Siam City Cement PLC, Thailand
- Ceylon Electricity Board - Sri Lanka
- SN Aboitiz Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Posco Energy - South Korea
- Kideco Jaya Agung - Indonesia
- Savvy Resources Ltd - HongKong
- Indo Tambangraya Megah - Indonesia
- Petron Corporation, Philippines
- Riau Bara Harum - Indonesia
- Eastern Coal Council - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indogreen Group - Indonesia
- Carbofer General Trading SA - India
- Vizag Seaport Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- Electricity Authority, New Zealand
- Pendopo Energi Batubara - Indonesia
- Tata Chemicals Ltd - India
- Karaikal Port Pvt Ltd - India
- Anglo American - United Kingdom
- Gujarat Sidhee Cement - India
- Indonesian Coal Mining Association
- Global Business Power Corporation, Philippines
- The Treasury - Australian Government
- Kobexindo Tractors - Indoneisa
- Meenaskhi Energy Private Limited - India
- PowerSource Philippines DevCo
- Edison Trading Spa - Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Planning Commission, India
- Minerals Council of Australia
- Maharashtra Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- OPG Power Generation Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Mjunction Services Limited - India
- Kohat Cement Company Ltd. - Pakistan
- GVK Power & Infra Limited - India
- Indian Oil Corporation Limited
- Bukit Makmur.PT - Indonesia
- Attock Cement Pakistan Limited
- TNB Fuel Sdn Bhd - Malaysia
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- Essar Steel Hazira Ltd - India
- Formosa Plastics Group - Taiwan
- Coal and Oil Company - UAE
- Grasim Industreis Ltd - India
- Semirara Mining Corp, Philippines
- Baramulti Group, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Madhucon Powers Ltd - India
- New Zealand Coal & Carbon
- International Coal Ventures Pvt Ltd - India
- Xindia Steels Limited - India
- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
- Thai Mozambique Logistica
- Rashtriya Ispat Nigam Limited - India
- Sinarmas Energy and Mining - Indonesia
- Kartika Selabumi Mining - Indonesia
- Altura Mining Limited, Indonesia
- Therma Luzon, Inc, Philippines
- Samtan Co., Ltd - South Korea
- Electricity Generating Authority of Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Orica Australia Pty. Ltd.
- Borneo Indobara - Indonesia
- Aboitiz Power Corporation - Philippines
- Oldendorff Carriers - Singapore
- LBH Netherlands Bv - Netherlands
- Marubeni Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Goldman Sachs - Singapore
- Billiton Holdings Pty Ltd - Australia
- Bhushan Steel Limited - India
- Ambuja Cements Ltd - India
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Independent Power Producers Association of India
- Straits Asia Resources Limited - Singapore
- PTC India Limited - India
- Toyota Tsusho Corporation, Japan
- Larsen & Toubro Limited - India
- Cement Manufacturers Association - India
- Bayan Resources Tbk. - Indonesia
- Ministry of Transport, Egypt
- Eastern Energy - Thailand
- London Commodity Brokers - England
- Romanian Commodities Exchange
- Thiess Contractors Indonesia
- GMR Energy Limited - India
- Africa Commodities Group - South Africa
- Antam Resourcindo - Indonesia
- Vedanta Resources Plc - India
- VISA Power Limited - India
- Orica Mining Services - Indonesia
- McConnell Dowell - Australia
- IEA Clean Coal Centre - UK
- Deloitte Consulting - India
- Videocon Industries ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Rio Tinto Coal - Australia
- SMC Global Power, Philippines
- Star Paper Mills Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Sical Logistics Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TeaM Sual Corporation - Philippines
- The State Trading Corporation of India Ltd
- Sarangani Energy Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Global Coal Blending Company Limited - Australia
- Tamil Nadu electricity Board
- Siam City Cement - Thailand
- The University of Queensland
- Wood Mackenzie - Singapore
- AsiaOL BioFuels Corp., Philippines
- Makarim & Taira - Indonesia
- ASAPP Information Group - India
- Mintek Dendrill Indonesia
- Georgia Ports Authority, United States
- CNBM International Corporation - China
- Indika Energy - Indonesia
- Lanco Infratech Ltd - India
- Banpu Public Company Limited - Thailand
- Latin American Coal - Colombia
- Bharathi Cement Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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