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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 February 24
DRY BULK MARKET: THE DOWNWARD REVISION IN THE GROWTH OF CAPESIZE TONNE DAYS IN JANUARY WITH THE BCI DROPPING - MARIA BERTZELETOU
In the last week of January, the dry freight market sustained weakness in the Capesize segment, while the number of ballasters in the Southeast (SE ...
Friday, 02 February 24
COAL INDIA ACHIEVES NEARLY 80% OF ITS FY24 PRODUCTION TARGET IN TEN MONTHS - CNBCTV18
For the month of January, the company’s production grew by 9.1% from the same period last year to 78.4 Million Tonnes (MT), from 71.9 MT last ...
Thursday, 01 February 24
CHINA'S WIND, SOLAR CAPACITY TO OVERTAKE COAL IN 2024 - INDUSTRY BODY, REUTERS REPORTED
China’s installed wind and solar capacity is expected to overtake coal for the first time this year, according to industry forecasts.
&nb ...
Thursday, 01 February 24
ANTI-DEDUCTION CLAUSES: CAN A CHARTERER WITHHOLD HIRE WITHOUT AN OWNER'S CONSENT? - SKULD
KNOWLEDGE TO ELEVATE
Summary
In The Anna Dorothea, the Court found that where a charterparty provides that no deduction from hire may be m ...
Thursday, 01 February 24
INDIA REBUILDS COAL STOCKS TO ENSURE ELECTRIC RELIABILITY - REUTERS
India’s electricity supply is much more comfortable at the start of 2024 than in either 2023 or 2022 as coal production has ramped up and the ...
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Showing 41 to 45 news of total 6871 |
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- New Zealand Coal & Carbon
- Metalloyd Limited - United Kingdom
- Malabar Cements Ltd - India
- Tamil Nadu electricity Board
- Baramulti Group, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Parliament of New Zealand
- Toyota Tsusho Corporation, Japan
- Edison Trading Spa - Italy
- The University of Queensland
- Planning Commission, India
- Kapuas Tunggal Persada - Indonesia
- Wood Mackenzie - Singapore
- Gujarat Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Energy Development Corp, Philippines
- Cement Manufacturers Association - India
- PowerSource Philippines DevCo
- Madhucon Powers Ltd - India
- VISA Power Limited - India
- Medco Energi Mining Internasional
- Indogreen Group - Indonesia
- GVK Power & Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Australian Commodity Traders Exchange
- Ministry of Transport, Egypt
- Ministry of Finance - Indonesia
- Salva Resources Pvt Ltd - India
- McConnell Dowell - Australia
- Marubeni Corporation - India
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
- Bhushan Steel Limited - India
- Globalindo Alam Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Bayan Resources Tbk. - Indonesia
- Wilmar Investment Holdings
- Latin American Coal - Colombia
- Power Finance Corporation Ltd., India
- Sindya Power Generating Company Private Ltd
- Krishnapatnam Port Company Ltd. - India
- Bahari Cakrawala Sebuku - Indonesia
- Lanco Infratech Ltd - India
- Directorate Of Revenue Intelligence - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jorong Barutama Greston.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Holcim Trading Pte Ltd - Singapore
- MS Steel International - UAE
- Mercator Lines Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Central Java Power - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- GMR Energy Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Economic Council, Georgia
- SMG Consultants - Indonesia
- Orica Australia Pty. Ltd.
- Indonesian Coal Mining Association
- Maheswari Brothers Coal Limited - India
- Bangladesh Power Developement Board
- Samtan Co., Ltd - South Korea
- Simpson Spence & Young - Indonesia
- Minerals Council of Australia
- Meralco Power Generation, Philippines
- Independent Power Producers Association of India
- Petrochimia International Co. Ltd.- Taiwan
- CNBM International Corporation - China
- Parry Sugars Refinery, India
- TeaM Sual Corporation - Philippines
- Grasim Industreis Ltd - India
- White Energy Company Limited
- Iligan Light & Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The State Trading Corporation of India Ltd
- Meenaskhi Energy Private Limited - India
- Karaikal Port Pvt Ltd - India
- Star Paper Mills Limited - India
- Billiton Holdings Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Mjunction Services Limited - India
- San Jose City I Power Corp, Philippines
- Oldendorff Carriers - Singapore
- Aditya Birla Group - India
- Intertek Mineral Services - Indonesia
- Indian Energy Exchange, India
- Ambuja Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Tata Chemicals Ltd - India
- Sical Logistics Limited - India
- Thai Mozambique Logistica
- Petron Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Borneo Indobara - Indonesia
- The Treasury - Australian Government
- Kepco SPC Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- European Bulk Services B.V. - Netherlands
- Mintek Dendrill Indonesia
- Singapore Mercantile Exchange
- Rashtriya Ispat Nigam Limited - India
- AsiaOL BioFuels Corp., Philippines
- Bulk Trading Sa - Switzerland
- India Bulls Power Limited - India
- Sojitz Corporation - Japan
- Manunggal Multi Energi - Indonesia
- Commonwealth Bank - Australia
- PTC India Limited - India
- Electricity Generating Authority of Thailand
- Formosa Plastics Group - Taiwan
- SN Aboitiz Power Inc, Philippines
- Georgia Ports Authority, United States
- Coalindo Energy - Indonesia
- Merrill Lynch Commodities Europe
- Altura Mining Limited, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Coal Association
- Interocean Group of Companies - India
- Xindia Steels Limited - India
- Indian Oil Corporation Limited
- Straits Asia Resources Limited - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- ASAPP Information Group - India
- Indika Energy - Indonesia
- Ministry of Mines - Canada
- Barasentosa Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Vizag Seaport Private Limited - India
- Videocon Industries ltd - India
- Siam City Cement PLC, Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Posco Energy - South Korea
- Banpu Public Company Limited - Thailand
- Bukit Baiduri Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Asmin Koalindo Tuhup - Indonesia
- Romanian Commodities Exchange
- Leighton Contractors Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Indo Tambangraya Megah - Indonesia
- Jaiprakash Power Ventures ltd
- Vedanta Resources Plc - India
- Semirara Mining and Power Corporation, Philippines
- Rio Tinto Coal - Australia
- OPG Power Generation Pvt Ltd - India
- Carbofer General Trading SA - India
- Port Waratah Coal Services - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kobexindo Tractors - Indoneisa
- Thiess Contractors Indonesia
- Price Waterhouse Coopers - Russia
- Global Green Power PLC Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Deloitte Consulting - India
- ICICI Bank Limited - India
- Ceylon Electricity Board - Sri Lanka
- Chamber of Mines of South Africa
- Larsen & Toubro Limited - India
- Trasteel International SA, Italy
- Eastern Energy - Thailand
- Kideco Jaya Agung - Indonesia
- London Commodity Brokers - England
- Makarim & Taira - Indonesia
- Coal and Oil Company - UAE
- Jindal Steel & Power Ltd - India
- Standard Chartered Bank - UAE
- Binh Thuan Hamico - Vietnam
- Global Business Power Corporation, Philippines
- Sakthi Sugars Limited - India
- SMC Global Power, Philippines
- Ind-Barath Power Infra Limited - India
- Dalmia Cement Bharat India
- Attock Cement Pakistan Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Antam Resourcindo - Indonesia
- Goldman Sachs - Singapore
- Anglo American - United Kingdom
- Africa Commodities Group - South Africa
- Bharathi Cement Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- South Luzon Thermal Energy Corporation
- Semirara Mining Corp, Philippines
- Mercuria Energy - Indonesia
- Riau Bara Harum - Indonesia
- Orica Mining Services - Indonesia
- Renaissance Capital - South Africa
- Energy Link Ltd, New Zealand
- GAC Shipping (India) Pvt Ltd
- Heidelberg Cement - Germany
- Kohat Cement Company Ltd. - Pakistan
- Kumho Petrochemical, South Korea
- Neyveli Lignite Corporation Ltd, - India
- Central Electricity Authority - India
- Sarangani Energy Corporation, Philippines
- Eastern Coal Council - USA
- CIMB Investment Bank - Malaysia
- Global Coal Blending Company Limited - Australia
- Uttam Galva Steels Limited - India
- Therma Luzon, Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Authority, New Zealand
- Siam City Cement - Thailand
- Savvy Resources Ltd - HongKong
- Kaltim Prima Coal - Indonesia
- Agrawal Coal Company - India
- IEA Clean Coal Centre - UK
- Bhatia International Limited - India
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