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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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Wednesday, 10 February 21
FY21 COAL DEMAND MAY BE LOWER THAN PREVIOUSLY ESTIMATED DUE TO COVID-19: PRALHAD JOSHI - PTI
Coal demand in the current fiscal may be lower than the initial estimate of 1,085 million tonnes (MT) due to the impact of COVID-19, Parliament was ...
Wednesday, 10 February 21
MARKET INSIGHT - INTERMODAL
We have just entered February, Chinese New Year holidays are about to start and the SnP market for bulkers is so hot as every seller would dream of ...
Tuesday, 09 February 21
SWITCHING COAL PLANTS TO PLN'S BIOMASS COFIRING PLAN IS NO MAGIC BULLET - IEEFA
Implementation risks for Indonesia PLN's switch from coal to biomass cofiring
PLN’s biomass cofiring plan will require not ...
Friday, 05 February 21
THE INDONESIA COAL PRICE REFERENCE FOR FEBRUARY 2021 SETTLES AT US$ 87.79 PER TON FOB VESSEL
COALspot.com: The Indonesia coal price reference for February 2021 settles at US$ 87.79 per ton FOB vessel. The February reference price is the hig ...
Thursday, 04 February 21
WHY BANGLADESH SHOULDN’T COUNT ON A FOSSIL FUEL FUTURE - IEEFA
Around US$50 billion of LNG projects in Asia at risk of cancellation
Two astonishing figures have circulated in the Asian energy sector in the ...
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Romanian Commodities Exchange
- The State Trading Corporation of India Ltd
- LBH Netherlands Bv - Netherlands
- Ministry of Mines - Canada
- Petrochimia International Co. Ltd.- Taiwan
- Mjunction Services Limited - India
- Global Business Power Corporation, Philippines
- McConnell Dowell - Australia
- Simpson Spence & Young - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sindya Power Generating Company Private Ltd
- IEA Clean Coal Centre - UK
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Bhatia International Limited - India
- Riau Bara Harum - Indonesia
- Interocean Group of Companies - India
- Dalmia Cement Bharat India
- Kumho Petrochemical, South Korea
- Petron Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Makarim & Taira - Indonesia
- Uttam Galva Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Goldman Sachs - Singapore
- India Bulls Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Star Paper Mills Limited - India
- ICICI Bank Limited - India
- Lanco Infratech Ltd - India
- Banpu Public Company Limited - Thailand
- Holcim Trading Pte Ltd - Singapore
- Kapuas Tunggal Persada - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- Siam City Cement PLC, Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Coalindo Energy - Indonesia
- VISA Power Limited - India
- Minerals Council of Australia
- GMR Energy Limited - India
- Directorate Of Revenue Intelligence - India
- IHS Mccloskey Coal Group - USA
- International Coal Ventures Pvt Ltd - India
- CNBM International Corporation - China
- Madhucon Powers Ltd - India
- Malabar Cements Ltd - India
- Price Waterhouse Coopers - Russia
- Essar Steel Hazira Ltd - India
- Barasentosa Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
- Latin American Coal - Colombia
- Formosa Plastics Group - Taiwan
- Borneo Indobara - Indonesia
- Bhushan Steel Limited - India
- Coastal Gujarat Power Limited - India
- Vedanta Resources Plc - India
- TNB Fuel Sdn Bhd - Malaysia
- Bharathi Cement Corporation - India
- White Energy Company Limited
- Parliament of New Zealand
- AsiaOL BioFuels Corp., Philippines
- Kepco SPC Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Sical Logistics Limited - India
- Carbofer General Trading SA - India
- Jindal Steel & Power Ltd - India
- Central Java Power - Indonesia
- Antam Resourcindo - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- SMG Consultants - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Pendopo Energi Batubara - Indonesia
- The University of Queensland
- Meralco Power Generation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Electricity Authority, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Trasteel International SA, Italy
- Anglo American - United Kingdom
- The Treasury - Australian Government
- Oldendorff Carriers - Singapore
- Gujarat Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Indogreen Group - Indonesia
- Australian Coal Association
- Medco Energi Mining Internasional
- London Commodity Brokers - England
- Deloitte Consulting - India
- PTC India Limited - India
- Ambuja Cements Ltd - India
- Mercator Lines Limited - India
- Rio Tinto Coal - Australia
- Coal and Oil Company - UAE
- Directorate General of MIneral and Coal - Indonesia
- Commonwealth Bank - Australia
- Cement Manufacturers Association - India
- Sojitz Corporation - Japan
- Aditya Birla Group - India
- Jorong Barutama Greston.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Merrill Lynch Commodities Europe
- Baramulti Group, Indonesia
- Wilmar Investment Holdings
- San Jose City I Power Corp, Philippines
- Power Finance Corporation Ltd., India
- Manunggal Multi Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Sinarmas Energy and Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Gujarat Sidhee Cement - India
- Independent Power Producers Association of India
- Kalimantan Lumbung Energi - Indonesia
- Thiess Contractors Indonesia
- TeaM Sual Corporation - Philippines
- Australian Commodity Traders Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- Billiton Holdings Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Agrawal Coal Company - India
- Ind-Barath Power Infra Limited - India
- Samtan Co., Ltd - South Korea
- Energy Development Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Tata Chemicals Ltd - India
- Timah Investasi Mineral - Indoneisa
- Port Waratah Coal Services - Australia
- MS Steel International - UAE
- Altura Mining Limited, Indonesia
- Xindia Steels Limited - India
- Edison Trading Spa - Italy
- Semirara Mining Corp, Philippines
- Renaissance Capital - South Africa
- Jaiprakash Power Ventures ltd
- Toyota Tsusho Corporation, Japan
- Indian Energy Exchange, India
- Mintek Dendrill Indonesia
- Kideco Jaya Agung - Indonesia
- Singapore Mercantile Exchange
- Planning Commission, India
- Pipit Mutiara Jaya. PT, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Globalindo Alam Lestari - Indonesia
- Tamil Nadu electricity Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Oil Corporation Limited
- Indika Energy - Indonesia
- Bangladesh Power Developement Board
- Straits Asia Resources Limited - Singapore
- Ceylon Electricity Board - Sri Lanka
- Grasim Industreis Ltd - India
- Kaltim Prima Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Wood Mackenzie - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- PowerSource Philippines DevCo
- OPG Power Generation Pvt Ltd - India
- Africa Commodities Group - South Africa
- New Zealand Coal & Carbon
- South Luzon Thermal Energy Corporation
- SMC Global Power, Philippines
- Savvy Resources Ltd - HongKong
- Siam City Cement - Thailand
- Electricity Generating Authority of Thailand
- Ministry of Finance - Indonesia
- Aboitiz Power Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- ASAPP Information Group - India
- Central Electricity Authority - India
- Meenaskhi Energy Private Limited - India
- Parry Sugars Refinery, India
- Orica Australia Pty. Ltd.
- Attock Cement Pakistan Limited
- Sarangani Energy Corporation, Philippines
- Ministry of Transport, Egypt
- Eastern Energy - Thailand
- CIMB Investment Bank - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Marubeni Corporation - India
- Vizag Seaport Private Limited - India
- Larsen & Toubro Limited - India
- Karbindo Abesyapradhi - Indoneisa
- PNOC Exploration Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Economic Council, Georgia
- Eastern Coal Council - USA
- Georgia Ports Authority, United States
- Bukit Makmur.PT - Indonesia
- Chamber of Mines of South Africa
- Cigading International Bulk Terminal - Indonesia
- GVK Power & Infra Limited - India
- Bulk Trading Sa - Switzerland
- Semirara Mining and Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Mercuria Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Posco Energy - South Korea
- Indonesian Coal Mining Association
- Thai Mozambique Logistica
- Videocon Industries ltd - India
- Iligan Light & Power Inc, Philippines
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