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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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Thursday, 20 January 22
CHINESE COAL JUMPS OVER 6% ON PRE-HOLIDAY SUPPLY WORRY - REUTERS
China’s thermal coal futures soared more than 6% on Wednesday, hitting a level last seen in late November as investors grew concerned over ti ...
Thursday, 20 January 22
VIETNAM: COAL SECTOR SEES POSITIVE PROSPECT IN 2022 - VNA
With many signs of rising demand for coal in various economic sectors in 2022, the Vietnam National Coal – Mineral Industries Group (Vinacomi ...
Wednesday, 19 January 22
MARKET INSIGHT - INTERMODAL
Since the beginning of the year, we have been witnessing the BDI correcting downwards with sizable drops across all segments. Latest similar levels ...
Sunday, 09 January 22
INDONESIA MINISTER SAYS 'EMERGENCY OVER' ON COAL SUPPLY CRUNCH - REUTERS
Indonesia’s power emergency which has triggered a coal export ban is over but the government will still continue to discuss policies in this ...
Wednesday, 05 January 22
CHINA COAL FUTURES SURGE ON SUPPLY WORRIES AMID INDONESIA EXPORT BAN - REUTERS
China’s thermal coal futures surged by as much as 7.8per cent to kick off 2022 on concerns of supply disruptions after Indonesia, its biggest ...
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- Australian Coal Association
- Ministry of Finance - Indonesia
- Economic Council, Georgia
- Metalloyd Limited - United Kingdom
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- Bhushan Steel Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Directorate Of Revenue Intelligence - India
- Bulk Trading Sa - Switzerland
- Minerals Council of Australia
- Australian Commodity Traders Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining and Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Chettinad Cement Corporation Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- The State Trading Corporation of India Ltd
- Petron Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Siam City Cement PLC, Thailand
- Parry Sugars Refinery, India
- Trasteel International SA, Italy
- Indo Tambangraya Megah - Indonesia
- The University of Queensland
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Medco Energi Mining Internasional
- Independent Power Producers Association of India
- ASAPP Information Group - India
- Gujarat Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Grasim Industreis Ltd - India
- Straits Asia Resources Limited - Singapore
- Manunggal Multi Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Orica Mining Services - Indonesia
- Electricity Authority, New Zealand
- Bangladesh Power Developement Board
- Rashtriya Ispat Nigam Limited - India
- South Luzon Thermal Energy Corporation
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Riau Bara Harum - Indonesia
- Jaiprakash Power Ventures ltd
- Madhucon Powers Ltd - India
- Ministry of Mines - Canada
- The Treasury - Australian Government
- Petrochimia International Co. Ltd.- Taiwan
- San Jose City I Power Corp, Philippines
- Standard Chartered Bank - UAE
- Kideco Jaya Agung - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Interocean Group of Companies - India
- Kumho Petrochemical, South Korea
- Energy Development Corp, Philippines
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- Iligan Light & Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Latin American Coal - Colombia
- Alfred C Toepfer International GmbH - Germany
- Borneo Indobara - Indonesia
- Ambuja Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Sical Logistics Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Meralco Power Generation, Philippines
- Essar Steel Hazira Ltd - India
- Carbofer General Trading SA - India
- Maharashtra Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Chamber of Mines of South Africa
- Eastern Coal Council - USA
- PTC India Limited - India
- Orica Australia Pty. Ltd.
- SN Aboitiz Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Vizag Seaport Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Indian Oil Corporation Limited
- Salva Resources Pvt Ltd - India
- White Energy Company Limited
- Larsen & Toubro Limited - India
- Cigading International Bulk Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining Corp, Philippines
- Eastern Energy - Thailand
- SMG Consultants - Indonesia
- Binh Thuan Hamico - Vietnam
- Romanian Commodities Exchange
- Merrill Lynch Commodities Europe
- Georgia Ports Authority, United States
- LBH Netherlands Bv - Netherlands
- New Zealand Coal & Carbon
- Oldendorff Carriers - Singapore
- Anglo American - United Kingdom
- Mercuria Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kapuas Tunggal Persada - Indonesia
- Wilmar Investment Holdings
- PetroVietnam Power Coal Import and Supply Company
- Mjunction Services Limited - India
- Timah Investasi Mineral - Indoneisa
- Wood Mackenzie - Singapore
- Banpu Public Company Limited - Thailand
- Cement Manufacturers Association - India
- Sree Jayajothi Cements Limited - India
- Indika Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Altura Mining Limited, Indonesia
- GMR Energy Limited - India
- Electricity Generating Authority of Thailand
- ICICI Bank Limited - India
- SMC Global Power, Philippines
- Ministry of Transport, Egypt
- Bukit Makmur.PT - Indonesia
- Dalmia Cement Bharat India
- Bukit Asam (Persero) Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Savvy Resources Ltd - HongKong
- Uttam Galva Steels Limited - India
- Bhatia International Limited - India
- Sindya Power Generating Company Private Ltd
- Asmin Koalindo Tuhup - Indonesia
- Power Finance Corporation Ltd., India
- Marubeni Corporation - India
- Vedanta Resources Plc - India
- Bayan Resources Tbk. - Indonesia
- Rio Tinto Coal - Australia
- GAC Shipping (India) Pvt Ltd
- GVK Power & Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Planning Commission, India
- London Commodity Brokers - England
- Karaikal Port Pvt Ltd - India
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- Central Electricity Authority - India
- Coal and Oil Company - UAE
- Energy Link Ltd, New Zealand
- Ind-Barath Power Infra Limited - India
- Aditya Birla Group - India
- Simpson Spence & Young - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Agrawal Coal Company - India
- Indogreen Group - Indonesia
- PNOC Exploration Corporation - Philippines
- Posco Energy - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Coalindo Energy - Indonesia
- Thiess Contractors Indonesia
- Price Waterhouse Coopers - Russia
- Africa Commodities Group - South Africa
- Miang Besar Coal Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Makarim & Taira - Indonesia
- Attock Cement Pakistan Limited
- Intertek Mineral Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Port Waratah Coal Services - Australia
- Renaissance Capital - South Africa
- MS Steel International - UAE
- Central Java Power - Indonesia
- CIMB Investment Bank - Malaysia
- Tata Chemicals Ltd - India
- Pendopo Energi Batubara - Indonesia
- Bharathi Cement Corporation - India
- Barasentosa Lestari - Indonesia
- Heidelberg Cement - Germany
- CNBM International Corporation - China
- Aboitiz Power Corporation - Philippines
- Lanco Infratech Ltd - India
- Commonwealth Bank - Australia
- TeaM Sual Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- India Bulls Power Limited - India
- McConnell Dowell - Australia
- Gujarat Sidhee Cement - India
- Malabar Cements Ltd - India
- Antam Resourcindo - Indonesia
- Xindia Steels Limited - India
- Thai Mozambique Logistica
- Mintek Dendrill Indonesia
- AsiaOL BioFuels Corp., Philippines
- Singapore Mercantile Exchange
- Kaltim Prima Coal - Indonesia
- Tamil Nadu electricity Board
- Indonesian Coal Mining Association
- Bahari Cakrawala Sebuku - Indonesia
- Goldman Sachs - Singapore
- Parliament of New Zealand
- Kartika Selabumi Mining - Indonesia
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- Baramulti Group, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement - Thailand
- Mercator Lines Limited - India
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- Edison Trading Spa - Italy
- Indian Energy Exchange, India
- Jindal Steel & Power Ltd - India
- Star Paper Mills Limited - India
- Leighton Contractors Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Meenaskhi Energy Private Limited - India
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