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5TH - 6TH APRIL 2021
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Wednesday, 20 January 21
CORONAVIRUS OUTBREAK IN HEBEI HAS LIMITED IMPACT ON CHINA'S STEEL INDUSTRY - FITCH RATINGS
The recent Covid-19 outbreak in the steel producing hub Hebei will not have material impact on China’s steel industry, Fitch Ratings says.
The most significant effect from the recent outbreak is the closure of certain transportation routes, which could delay raw material and product deliveries. However, we think steel production will be only minimally affected in the short term because the current restrictions are implemented in only some cities in the province. In addition, demand for steel products is generally weaker during winter when there is less construction activity. In the past few years (excluding exceptions caused by Covid-19), the new fixed-asset investment growth rate was in the low single digits in winter and in the mid to high single digits during the rest of the year.
Most steel plants maintain sufficient raw materials for operation in the short term, and steel plants usually plan for maintenance during the winter. Steel production in winter (November to February) during the last three years (excluding exceptions caused by Covid-19) was, on average, around 90% of the output for the rest of the year.
The closure of certain transportation routes began on 5 January 2021, and China’s steel product inventory level has increased by around 6% week on week since then. This increase is in line with that seen in previous years around the same time. Therefore, we think inventory build-up from the latest measures to curb the Covid-19 outbreak should not be significant.
However, prolonged restrictions or wider implementation of the measures could have a considerable impact on the steel industry. Extended logistics restrictions could mean insufficient raw materials for steel plants to continue production and delivery delays that could lead to inventory build-up. Construction around restricted areas may also be dampened, which will reduce demand for steel products.
Source: Fitch Ratings
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Saturday, 27 February 21
CHINA'S BENCHMARK POWER COAL PRICE EDGES DOWN - XINHUA
China’s benchmark power coal price dropped slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge ...
Saturday, 27 February 21
FITCH RATINGS REVISES GLOBAL METALS AND MINING PRICE ASSUMPTIONS
Fitch Ratings has revised some of its metals and mining price assumptions as prices for many commodities will benefit in the short term from return ...
Saturday, 27 February 21
MITSUBISHI PULLS OUT OF VINH TAN 3 COAL PROJECT IN VIETNAM - NIKKEI ASIA
Japanese trading house Mitsubishi Corp. decided Thursday to withdraw from the Vinh Tan 3 coal-fired power plant project in Vietnam amid growing int ...
Thursday, 25 February 21
ARE WE ON THE CUSP OF ANOTHER MINING SUPER-CYCLE? - WOOD MACKENZIE
As the first wave of the coronavirus pandemic began to bite, many observers confidently predicted that the end was nigh for global economic activit ...
Thursday, 25 February 21
2020 PROVED TO BE A TRULY TERRIBLE YEAR FOR SEABORNE COAL TRADE - BANCHERO COSTA
Total loadings in the 12 months of 2020 were down -12.7% year-on-year to 1,130 million tonnes, according to vessels tracking data from Refinitiv, s ...
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Heidelberg Cement - Germany
Pendopo Energi Batubara - Indonesia
Bangladesh Power Developement Board
Filglen & Citicon Mining (HK) Ltd - Hong Kong
Larsen & Toubro Limited - India
Indonesian Coal Mining Association
Commonwealth Bank - Australia
Banpu Public Company Limited - Thailand
Deloitte Consulting - India
Attock Cement Pakistan Limited
Madhucon Powers Ltd - India
Neyveli Lignite Corporation Ltd, - India
Kohat Cement Company Ltd. - Pakistan
Economic Council, Georgia
Bayan Resources Tbk. - Indonesia
Ind-Barath Power Infra Limited - India
Chettinad Cement Corporation Ltd - India
Parry Sugars Refinery, India
Riau Bara Harum - Indonesia
Orica Mining Services - Indonesia
Indian Oil Corporation Limited
Port Waratah Coal Services - Australia
Cement Manufacturers Association - India
LBH Netherlands Bv - Netherlands
CNBM International Corporation - China
Truba Alam Manunggal Engineering.Tbk - Indonesia
Georgia Ports Authority, United States
Bukit Baiduri Energy - Indonesia
Posco Energy - South Korea
Renaissance Capital - South Africa
Latin American Coal - Colombia
Carbofer General Trading SA - India
Marubeni Corporation - India
GMR Energy Limited - India
Meralco Power Generation, Philippines
Parliament of New Zealand
Siam City Cement PLC, Thailand
Oldendorff Carriers - Singapore
Maheswari Brothers Coal Limited - India
Standard Chartered Bank - UAE
Sakthi Sugars Limited - India
Ministry of Mines - Canada
Bank of Tokyo Mitsubishi UFJ Ltd
Gujarat Electricity Regulatory Commission - India
GN Power Mariveles Coal Plant, Philippines
Indogreen Group - Indonesia
Mercuria Energy - Indonesia
Ministry of Transport, Egypt
Indo Tambangraya Megah - Indonesia
Wilmar Investment Holdings
Sree Jayajothi Cements Limited - India
Bhushan Steel Limited - India
Petron Corporation, Philippines
Iligan Light & Power Inc, Philippines
Kumho Petrochemical, South Korea
Global Coal Blending Company Limited - Australia
Vijayanagar Sugar Pvt Ltd - India
Gujarat Mineral Development Corp Ltd - India
Trasteel International SA, Italy
Global Green Power PLC Corporation, Philippines
ICICI Bank Limited - India
Kobexindo Tractors - Indoneisa
Ministry of Finance - Indonesia
Coalindo Energy - Indonesia
Tamil Nadu electricity Board
International Coal Ventures Pvt Ltd - India
Directorate General of MIneral and Coal - Indonesia
Meenaskhi Energy Private Limited - India
Lanco Infratech Ltd - India
Manunggal Multi Energi - Indonesia
Bulk Trading Sa - Switzerland
SN Aboitiz Power Inc, Philippines
Power Finance Corporation Ltd., India
Agrawal Coal Company - India
Alfred C Toepfer International GmbH - Germany
Offshore Bulk Terminal Pte Ltd, Singapore
Semirara Mining Corp, Philippines
Vedanta Resources Plc - India
McConnell Dowell - Australia
Electricity Generating Authority of Thailand
Planning Commission, India
Edison Trading Spa - Italy
Intertek Mineral Services - Indonesia
VISA Power Limited - India
Australian Commodity Traders Exchange
Xindia Steels Limited - India
Rashtriya Ispat Nigam Limited - India
Aditya Birla Group - India
Jindal Steel & Power Ltd - India
Cigading International Bulk Terminal - Indonesia
India Bulls Power Limited - India
Goldman Sachs - Singapore
Sojitz Corporation - Japan
Global Business Power Corporation, Philippines
London Commodity Brokers - England
Vizag Seaport Private Limited - India
Thiess Contractors Indonesia
Singapore Mercantile Exchange
Semirara Mining and Power Corporation, Philippines
South Luzon Thermal Energy Corporation
Dr Ramakrishna Prasad Power Pvt Ltd - India
Sical Logistics Limited - India
Therma Luzon, Inc, Philippines
AsiaOL BioFuels Corp., Philippines
Makarim & Taira - Indonesia
Kartika Selabumi Mining - Indonesia
Borneo Indobara - Indonesia
Tata Chemicals Ltd - India
Minerals Council of Australia
Videocon Industries ltd - India
New Zealand Coal & Carbon
Formosa Plastics Group - Taiwan
Kepco SPC Power Corporation, Philippines
White Energy Company Limited
Orica Australia Pty. Ltd.
European Bulk Services B.V. - Netherlands
Toyota Tsusho Corporation, Japan
The Treasury - Australian Government
Dalmia Cement Bharat India
Kaltim Prima Coal - Indonesia
Central Electricity Authority - India
Siam City Cement - Thailand
Anglo American - United Kingdom
Dong Bac Coal Mineral Investment Coporation - Vietnam
Leighton Contractors Pty Ltd - Australia
IEA Clean Coal Centre - UK
MS Steel International - UAE
PetroVietnam Power Coal Import and Supply Company
Independent Power Producers Association of India
Mintek Dendrill Indonesia
PTC India Limited - India
Billiton Holdings Pty Ltd - Australia
PNOC Exploration Corporation - Philippines
Asmin Koalindo Tuhup - Indonesia
Australian Coal Association
Chamber of Mines of South Africa
Simpson Spence & Young - Indonesia
OPG Power Generation Pvt Ltd - India
Timah Investasi Mineral - Indoneisa
The University of Queensland
Barasentosa Lestari - Indonesia
IHS Mccloskey Coal Group - USA
Indika Energy - Indonesia
Binh Thuan Hamico - Vietnam
Samtan Co., Ltd - South Korea
SMG Consultants - Indonesia
Karaikal Port Pvt Ltd - India
Gujarat Sidhee Cement - India
Aboitiz Power Corporation - Philippines
Karbindo Abesyapradhi - Indoneisa
Star Paper Mills Limited - India
Antam Resourcindo - Indonesia
GVK Power & Infra Limited - India
Miang Besar Coal Terminal - Indonesia
Mercator Lines Limited - India
Eastern Energy - Thailand
Malabar Cements Ltd - India
Ceylon Electricity Board - Sri Lanka
Salva Resources Pvt Ltd - India
Uttam Galva Steels Limited - India
Wood Mackenzie - Singapore
Jaiprakash Power Ventures ltd
Kideco Jaya Agung - Indonesia
Directorate Of Revenue Intelligence - India
ASAPP Information Group - India
San Jose City I Power Corp, Philippines
Eastern Coal Council - USA
Thai Mozambique Logistica
Mjunction Services Limited - India
PowerSource Philippines DevCo
Price Waterhouse Coopers - Russia
Energy Link Ltd, New Zealand
Asia Pacific Energy Resources Ventures Inc, Philippines
TNB Fuel Sdn Bhd - Malaysia
Medco Energi Mining Internasional
Bharathi Cement Corporation - India
Bukit Asam (Persero) Tbk - Indonesia
CIMB Investment Bank - Malaysia
Globalindo Alam Lestari - Indonesia
Sinarmas Energy and Mining - Indonesia
Bahari Cakrawala Sebuku - Indonesia
Maharashtra Electricity Regulatory Commission - India
Pipit Mutiara Jaya. PT, Indonesia
Kapuas Tunggal Persada - Indonesia
Essar Steel Hazira Ltd - India
The State Trading Corporation of India Ltd
Merrill Lynch Commodities Europe
GAC Shipping (India) Pvt Ltd
Krishnapatnam Port Company Ltd. - India
Coal and Oil Company - UAE
Interocean Group of Companies - India
Holcim Trading Pte Ltd - Singapore
Coastal Gujarat Power Limited - India
Metalloyd Limited - United Kingdom
Bhatia International Limited - India
Jorong Barutama Greston.PT - Indonesia
Straits Asia Resources Limited - Singapore
Grasim Industreis Ltd - India
Africa Commodities Group - South Africa
Rio Tinto Coal - Australia
Bukit Makmur.PT - Indonesia
Energy Development Corp, Philippines
SMC Global Power, Philippines
Sindya Power Generating Company Private Ltd
Romanian Commodities Exchange
Kalimantan Lumbung Energi - Indonesia
Central Java Power - Indonesia
TeaM Sual Corporation - Philippines
Bhoruka Overseas - Indonesia
Baramulti Group, Indonesia
Sarangani Energy Corporation, Philippines
Savvy Resources Ltd - HongKong
Ambuja Cements Ltd - India
Petrochimia International Co. Ltd.- Taiwan
Altura Mining Limited, Indonesia