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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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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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Showing 6 to 10 news of total 6871 |
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- MS Steel International - UAE
- Iligan Light & Power Inc, Philippines
- Sakthi Sugars Limited - India
- Makarim & Taira - Indonesia
- Marubeni Corporation - India
- PNOC Exploration Corporation - Philippines
- Baramulti Group, Indonesia
- Straits Asia Resources Limited - Singapore
- Samtan Co., Ltd - South Korea
- LBH Netherlands Bv - Netherlands
- Pendopo Energi Batubara - Indonesia
- Toyota Tsusho Corporation, Japan
- Mercator Lines Limited - India
- Parliament of New Zealand
- Therma Luzon, Inc, Philippines
- Malabar Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Directorate Of Revenue Intelligence - India
- Jorong Barutama Greston.PT - Indonesia
- Trasteel International SA, Italy
- Kaltim Prima Coal - Indonesia
- Indonesian Coal Mining Association
- Indogreen Group - Indonesia
- Kobexindo Tractors - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Petron Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Meralco Power Generation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Riau Bara Harum - Indonesia
- Africa Commodities Group - South Africa
- Port Waratah Coal Services - Australia
- Kapuas Tunggal Persada - Indonesia
- Antam Resourcindo - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Ind-Barath Power Infra Limited - India
- Heidelberg Cement - Germany
- Ministry of Finance - Indonesia
- PTC India Limited - India
- Independent Power Producers Association of India
- SN Aboitiz Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Romanian Commodities Exchange
- Tata Chemicals Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Mercuria Energy - Indonesia
- Star Paper Mills Limited - India
- Australian Commodity Traders Exchange
- Central Java Power - Indonesia
- Meenaskhi Energy Private Limited - India
- Rio Tinto Coal - Australia
- Bulk Trading Sa - Switzerland
- Mjunction Services Limited - India
- Anglo American - United Kingdom
- Global Coal Blending Company Limited - Australia
- McConnell Dowell - Australia
- Sindya Power Generating Company Private Ltd
- Orica Australia Pty. Ltd.
- SMC Global Power, Philippines
- Aboitiz Power Corporation - Philippines
- Indian Energy Exchange, India
- New Zealand Coal & Carbon
- Metalloyd Limited - United Kingdom
- European Bulk Services B.V. - Netherlands
- Australian Coal Association
- Pipit Mutiara Jaya. PT, Indonesia
- Globalindo Alam Lestari - Indonesia
- GVK Power & Infra Limited - India
- TeaM Sual Corporation - Philippines
- Interocean Group of Companies - India
- Medco Energi Mining Internasional
- Madhucon Powers Ltd - India
- Karaikal Port Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Cigading International Bulk Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Kumho Petrochemical, South Korea
- Simpson Spence & Young - Indonesia
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GMR Energy Limited - India
- Economic Council, Georgia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indo Tambangraya Megah - Indonesia
- Bangladesh Power Developement Board
- CIMB Investment Bank - Malaysia
- Intertek Mineral Services - Indonesia
- Videocon Industries ltd - India
- Electricity Generating Authority of Thailand
- White Energy Company Limited
- GAC Shipping (India) Pvt Ltd
- London Commodity Brokers - England
- Indika Energy - Indonesia
- Tamil Nadu electricity Board
- Coalindo Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Ambuja Cements Ltd - India
- Eastern Energy - Thailand
- Siam City Cement PLC, Thailand
- Timah Investasi Mineral - Indoneisa
- ICICI Bank Limited - India
- Ministry of Transport, Egypt
- Planning Commission, India
- Price Waterhouse Coopers - Russia
- Bank of Tokyo Mitsubishi UFJ Ltd
- GN Power Mariveles Coal Plant, Philippines
- Leighton Contractors Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Wilmar Investment Holdings
- Oldendorff Carriers - Singapore
- Thai Mozambique Logistica
- Semirara Mining Corp, Philippines
- Cement Manufacturers Association - India
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- Eastern Coal Council - USA
- Orica Mining Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Barasentosa Lestari - Indonesia
- Mintek Dendrill Indonesia
- The Treasury - Australian Government
- Georgia Ports Authority, United States
- Latin American Coal - Colombia
- Bhushan Steel Limited - India
- Sical Logistics Limited - India
- Salva Resources Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Indian Oil Corporation Limited
- Edison Trading Spa - Italy
- Attock Cement Pakistan Limited
- Global Business Power Corporation, Philippines
- Commonwealth Bank - Australia
- Carbofer General Trading SA - India
- India Bulls Power Limited - India
- Thiess Contractors Indonesia
- Posco Energy - South Korea
- Standard Chartered Bank - UAE
- San Jose City I Power Corp, Philippines
- Deloitte Consulting - India
- Rashtriya Ispat Nigam Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dalmia Cement Bharat India
- Sojitz Corporation - Japan
- Global Green Power PLC Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Minerals Council of Australia
- Kepco SPC Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
- Agrawal Coal Company - India
- Miang Besar Coal Terminal - Indonesia
- Energy Development Corp, Philippines
- Renaissance Capital - South Africa
- OPG Power Generation Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- CNBM International Corporation - China
- Energy Link Ltd, New Zealand
- Uttam Galva Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- PowerSource Philippines DevCo
- Jaiprakash Power Ventures ltd
- Goldman Sachs - Singapore
- Lanco Infratech Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Savvy Resources Ltd - HongKong
- Directorate General of MIneral and Coal - Indonesia
- VISA Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- ASAPP Information Group - India
- Coal and Oil Company - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Ministry of Mines - Canada
- Maharashtra Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Kohat Cement Company Ltd. - Pakistan
- Sinarmas Energy and Mining - Indonesia
- Larsen & Toubro Limited - India
- The University of Queensland
- PetroVietnam Power Coal Import and Supply Company
- Krishnapatnam Port Company Ltd. - India
- Kideco Jaya Agung - Indonesia
- Gujarat Sidhee Cement - India
- Vizag Seaport Private Limited - India
- Essar Steel Hazira Ltd - India
- Borneo Indobara - Indonesia
- Siam City Cement - Thailand
- Aditya Birla Group - India
- Bayan Resources Tbk. - Indonesia
- The State Trading Corporation of India Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Electricity Authority, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Singapore Mercantile Exchange
- International Coal Ventures Pvt Ltd - India
- SMG Consultants - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Xindia Steels Limited - India
- Chamber of Mines of South Africa
- Bhatia International Limited - India
- Wood Mackenzie - Singapore
- Banpu Public Company Limited - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Grasim Industreis Ltd - India
- IHS Mccloskey Coal Group - USA
- Maheswari Brothers Coal Limited - India
- Central Electricity Authority - India
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