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