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Saturday, 06 August 22
SUMITOMO Q1 PROFIT RISES 45% ON STRONGER PRICES OF COAL, NICKEL - REUTERS
Japanese trading house Sumitomo Corp 8053.T said on Wednesday its net profit for the April-June quarter rose 45% to a record thanks to higher prices of commodities such as coal and nickel as well as strong demand for steel products in North America.
Net profit for the three months climbed to a record 155.2 billion yen ($1.2 billion) from 107.3 billion yen a year earlier, but the company stuck to its annual profit forecast of 370 billion yen.
“Earnings from both resource and non-resource businesses have been stronger than anticipated earlier,” Sumitomo Chief Financial Officer Reiji Morooka told a news conference, adding that it may raise its profit guidance.
“On the other hand, the risk of a global economic slowdown and other uncertainties are increasing, and we will closely examine full-year forecasts going forward,” he said.
Sumitomo expects nickel production at its Ambatovy project in Madagascar to achieve its initial target of about 40,000 tonnes this financial year to March 31, after producing about 8,000 tonnes in the first quarter.
Increased oil and gas drilling activities in North America have also supported its steel pipe business in the April-June quarter and the company sees robust demand in pipes continuing through next March, Morooka said.
Asked whether Sumitomo expects any change in its business strategy in China amid rising tensions between China and Taiwan as well as China and the United States following U.S. House Speaker Nancy Pelosi’s visit to Taiwan, Morooka said no change is planned.
“It has become a major issue for us to think of how to deal with the heightened geopolitical risks triggered by not only the U.S.-China issue but also the Russia-Ukraine conflict,” Morooka said.
“We will pay close attention to the (U.S.-China) situation with high interest,” he said.
Source: Reuters
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Friday, 02 December 22
INDONESIAN COAL PRICE REFERENCE PLUNGE TOWARD US$ 281.48 A TON AS DEMAND DROPS WORLDWIDE
COALspot.com: The cost of coal is falling so fast that it is beginning to put real money back in the pockets of end-users.
Indonesia ...
Wednesday, 30 November 22
INDONESIA’S BUMI RESOURCES TARGETS 2023 COAL OUTPUT OF 80 MLN TONNES - REUTERS
Indonesian coal miner PT Bumi Resources Tbk BUMI.JKis eyeing a 10% increase in output to 80 million tonnes next year amid expectations for more fav ...
Wednesday, 30 November 22
TANKERS: LONGER HAULS TO SUPPORT CONTINUED STRENGTH - BIMCO
Highlights
A rebound in the dirty tanker trade has led the Baltic Exchange Dirty Index (BDTI) to increase by 64% since our last report from mid ...
Wednesday, 30 November 22
MARKET INSIGHT - INTERMODAL
Shipping, although a conservative and innovation adverse industry, is currently in a transition period of digital transformation. According to a su ...
Tuesday, 29 November 22
INDIA TO RECEIVE FIRST LNG CARGO FROM INDONESIA’S TANGGUH LNG - REUTERS
India will receive its first cargo from Indonesia’s Tangguh liquefied natural gas (LNG) plant at the Dahej terminal on Monday, according to a ...
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- Cement Manufacturers Association - India
- Eastern Coal Council - USA
- Bhoruka Overseas - Indonesia
- Edison Trading Spa - Italy
- New Zealand Coal & Carbon
- Binh Thuan Hamico - Vietnam
- Sarangani Energy Corporation, Philippines
- Medco Energi Mining Internasional
- Coastal Gujarat Power Limited - India
- PowerSource Philippines DevCo
- Simpson Spence & Young - Indonesia
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- Power Finance Corporation Ltd., India
- Toyota Tsusho Corporation, Japan
- Renaissance Capital - South Africa
- Globalindo Alam Lestari - Indonesia
- Sojitz Corporation - Japan
- Marubeni Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indika Energy - Indonesia
- Xindia Steels Limited - India
- Energy Link Ltd, New Zealand
- Riau Bara Harum - Indonesia
- Bayan Resources Tbk. - Indonesia
- Timah Investasi Mineral - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Banpu Public Company Limited - Thailand
- Gujarat Sidhee Cement - India
- Intertek Mineral Services - Indonesia
- Bulk Trading Sa - Switzerland
- Electricity Generating Authority of Thailand
- Sical Logistics Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement PLC, Thailand
- San Jose City I Power Corp, Philippines
- SMC Global Power, Philippines
- Latin American Coal - Colombia
- Heidelberg Cement - Germany
- Thai Mozambique Logistica
- South Luzon Thermal Energy Corporation
- Tamil Nadu electricity Board
- European Bulk Services B.V. - Netherlands
- Merrill Lynch Commodities Europe
- Lanco Infratech Ltd - India
- Electricity Authority, New Zealand
- Therma Luzon, Inc, Philippines
- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
- Bukit Makmur.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- McConnell Dowell - Australia
- PNOC Exploration Corporation - Philippines
- Australian Commodity Traders Exchange
- Mintek Dendrill Indonesia
- Sindya Power Generating Company Private Ltd
- Gujarat Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- The State Trading Corporation of India Ltd
- Meralco Power Generation, Philippines
- OPG Power Generation Pvt Ltd - India
- Indonesian Coal Mining Association
- Interocean Group of Companies - India
- Georgia Ports Authority, United States
- Bangladesh Power Developement Board
- Bhushan Steel Limited - India
- Kapuas Tunggal Persada - Indonesia
- Orica Mining Services - Indonesia
- Barasentosa Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Central Java Power - Indonesia
- Altura Mining Limited, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Romanian Commodities Exchange
- Global Coal Blending Company Limited - Australia
- Central Electricity Authority - India
- Posco Energy - South Korea
- White Energy Company Limited
- Mjunction Services Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Economic Council, Georgia
- AsiaOL BioFuels Corp., Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Leighton Contractors Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Videocon Industries ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Indogreen Group - Indonesia
- Aditya Birla Group - India
- London Commodity Brokers - England
- Holcim Trading Pte Ltd - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Essar Steel Hazira Ltd - India
- Chamber of Mines of South Africa
- Metalloyd Limited - United Kingdom
- Price Waterhouse Coopers - Russia
- India Bulls Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Trasteel International SA, Italy
- Alfred C Toepfer International GmbH - Germany
- Carbofer General Trading SA - India
- Eastern Energy - Thailand
- Vizag Seaport Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Energy Development Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- PTC India Limited - India
- Wood Mackenzie - Singapore
- Kobexindo Tractors - Indoneisa
- Karaikal Port Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Sakthi Sugars Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Oil Corporation Limited
- Ministry of Transport, Egypt
- Kumho Petrochemical, South Korea
- CIMB Investment Bank - Malaysia
- Planning Commission, India
- Siam City Cement - Thailand
- Indian Energy Exchange, India
- Anglo American - United Kingdom
- Iligan Light & Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Coalindo Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Savvy Resources Ltd - HongKong
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- The University of Queensland
- TeaM Sual Corporation - Philippines
- Orica Australia Pty. Ltd.
- Coal and Oil Company - UAE
- Thiess Contractors Indonesia
- Africa Commodities Group - South Africa
- Maheswari Brothers Coal Limited - India
- ICICI Bank Limited - India
- International Coal Ventures Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Bhatia International Limited - India
- Krishnapatnam Port Company Ltd. - India
- Vedanta Resources Plc - India
- Bukit Asam (Persero) Tbk - Indonesia
- Antam Resourcindo - Indonesia
- IEA Clean Coal Centre - UK
- Chettinad Cement Corporation Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Jindal Steel & Power Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Parliament of New Zealand
- Bharathi Cement Corporation - India
- Petron Corporation, Philippines
- Mercuria Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pendopo Energi Batubara - Indonesia
- Ministry of Mines - Canada
- Jorong Barutama Greston.PT - Indonesia
- Minerals Council of Australia
- Meenaskhi Energy Private Limited - India
- GMR Energy Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Makarim & Taira - Indonesia
- The Treasury - Australian Government
- ASAPP Information Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Mercator Lines Limited - India
- Miang Besar Coal Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Attock Cement Pakistan Limited
- Australian Coal Association
- LBH Netherlands Bv - Netherlands
- Deloitte Consulting - India
- Commonwealth Bank - Australia
- Port Waratah Coal Services - Australia
- Madhucon Powers Ltd - India
- Standard Chartered Bank - UAE
- SMG Consultants - Indonesia
- Agrawal Coal Company - India
- Sinarmas Energy and Mining - Indonesia
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Larsen & Toubro Limited - India
- Samtan Co., Ltd - South Korea
- Semirara Mining and Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- IHS Mccloskey Coal Group - USA
- Asmin Koalindo Tuhup - Indonesia
- VISA Power Limited - India
- Dalmia Cement Bharat India
- Grasim Industreis Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Baramulti Group, Indonesia
- Uttam Galva Steels Limited - India
- Oldendorff Carriers - Singapore
- Ministry of Finance - Indonesia
- Wilmar Investment Holdings
- Rashtriya Ispat Nigam Limited - India
- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Directorate Of Revenue Intelligence - India
- Star Paper Mills Limited - India
- GVK Power & Infra Limited - India
- Malabar Cements Ltd - India
- Tata Chemicals Ltd - India
- Independent Power Producers Association of India
- Formosa Plastics Group - Taiwan
- Kartika Selabumi Mining - Indonesia
- Global Business Power Corporation, Philippines
- MS Steel International - UAE
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