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Sunday, 08 January 23
ELEVATED COAL PRICE A DRAG ON MARGINS OF DOMESTIC BASE METAL PLAYERS: ICRA
The increased price of coal continue to be a drag on the margin of domestic base metal players with no immediate relief in sight, rating agency ICRA said on Thursday.
In a recent note on the primary base metal industry, ICRA said that the earnings of the industry would continue to remain under pressure in the second half of the current fiscal, following a dull performance in the first half of FY’23.
“Elevated coal costs along with metal price corrections remain the key headwinds affecting the margins, with no immediate relief in sight,” ICRA said in a statement.
On account of input cost pressures, the rating agency said it has revised its estimates of operating profitability of domestic players downward to 18 per cent in the current fiscal.
ICRA’s operating profitability forecast for domestic players is almost 3 percentage points lower compared to its earlier forecast made in September last year and 10 percentage points lower compared to FY’22.
“In FY2024, while some respite is expected from better availability of coal linkages, the profitability is expected to remain range-bound at 19-20 per cent.
“Also, our base case does not factor in any significant adverse impact of another pandemic led demand destruction in CY2023,” Jayanta Roy, Senior Vice-President and Group Head, Corporate Sector Ratings, ICRA said.
Source: PTI
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Thursday, 26 January 23
AUSTRALIA'S CORONADO GLOBAL SEES COAL PRICES RISING ON RESUMING CHINA IMPORTS - REUTERS
Australia’s Coronado Global Resources said on Tuesday resuming metallurgical coal imports to China would likely push sea-borne coal prices hi ...
Monday, 23 January 23
CHINA'S MAJOR COAL-PRODUCING PROVINCE ACCELERATES DIGITAL TRANSFORMATION - XINHUA
At Chindata Group’s big-data industrial park in Lingqiu County of Datong City, hundreds of thousands of servers are running round-the-clock t ...
Monday, 23 January 23
CHINA'S COAL-RICH PROVINCE SEES COAL PRODUCTION INCREASE IN 2022 - XINHUA
North China’s coal-rich province of Shanxi saw its coal production hit 1.31 billion tonnes in 2022, up 8.7 percent year on year, local author ...
Wednesday, 18 January 23
MARKET INSIGHT - INTERMODAL
From Feb 5, another price cap will be introduced to Russian fuels and oil products, adding to the one for crude oil, already in place from Dec. 3. ...
Tuesday, 17 January 23
FRAUD IS THE BIGGEST THREAT TO CARGO LOSSES - TT CLUB
The almost exclusive use of online facilities to process business transactions allows a myriad of fraudulent pursuits to find opportunities within ...
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- Holcim Trading Pte Ltd - Singapore
- Economic Council, Georgia
- Australian Commodity Traders Exchange
- Globalindo Alam Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Karaikal Port Pvt Ltd - India
- Ministry of Mines - Canada
- Tata Chemicals Ltd - India
- Ministry of Transport, Egypt
- Xindia Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Rashtriya Ispat Nigam Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Meralco Power Generation, Philippines
- Bhushan Steel Limited - India
- Global Green Power PLC Corporation, Philippines
- Ministry of Finance - Indonesia
- Savvy Resources Ltd - HongKong
- Orica Mining Services - Indonesia
- Thai Mozambique Logistica
- Barasentosa Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Borneo Indobara - Indonesia
- Bhatia International Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chamber of Mines of South Africa
- Meenaskhi Energy Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Star Paper Mills Limited - India
- Sindya Power Generating Company Private Ltd
- Gujarat Sidhee Cement - India
- Ind-Barath Power Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- MS Steel International - UAE
- Commonwealth Bank - Australia
- Port Waratah Coal Services - Australia
- CIMB Investment Bank - Malaysia
- Sree Jayajothi Cements Limited - India
- PowerSource Philippines DevCo
- Parliament of New Zealand
- SMC Global Power, Philippines
- Videocon Industries ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Coal and Oil Company - UAE
- Jorong Barutama Greston.PT - Indonesia
- Heidelberg Cement - Germany
- SMG Consultants - Indonesia
- Standard Chartered Bank - UAE
- SN Aboitiz Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Dalmia Cement Bharat India
- Romanian Commodities Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- ICICI Bank Limited - India
- Iligan Light & Power Inc, Philippines
- Indian Oil Corporation Limited
- Mintek Dendrill Indonesia
- Independent Power Producers Association of India
- GMR Energy Limited - India
- Antam Resourcindo - Indonesia
- The Treasury - Australian Government
- Maharashtra Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Australian Coal Association
- Lanco Infratech Ltd - India
- Indonesian Coal Mining Association
- Indian Energy Exchange, India
- Wilmar Investment Holdings
- Planning Commission, India
- GVK Power & Infra Limited - India
- New Zealand Coal & Carbon
- Malabar Cements Ltd - India
- Madhucon Powers Ltd - India
- GAC Shipping (India) Pvt Ltd
- Miang Besar Coal Terminal - Indonesia
- Central Electricity Authority - India
- Edison Trading Spa - Italy
- The University of Queensland
- Kideco Jaya Agung - Indonesia
- Uttam Galva Steels Limited - India
- Sojitz Corporation - Japan
- Siam City Cement PLC, Thailand
- Intertek Mineral Services - Indonesia
- Power Finance Corporation Ltd., India
- PNOC Exploration Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Makarim & Taira - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Business Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- ASAPP Information Group - India
- Baramulti Group, Indonesia
- Indika Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Vizag Seaport Private Limited - India
- Binh Thuan Hamico - Vietnam
- Aditya Birla Group - India
- AsiaOL BioFuels Corp., Philippines
- Electricity Authority, New Zealand
- Vedanta Resources Plc - India
- Coalindo Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Energy Development Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Java Power - Indonesia
- Trasteel International SA, Italy
- Sakthi Sugars Limited - India
- Goldman Sachs - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Indogreen Group - Indonesia
- Sical Logistics Limited - India
- Gujarat Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Latin American Coal - Colombia
- London Commodity Brokers - England
- White Energy Company Limited
- Orica Australia Pty. Ltd.
- Tamil Nadu electricity Board
- Semirara Mining Corp, Philippines
- Electricity Generating Authority of Thailand
- Singapore Mercantile Exchange
- Gujarat Mineral Development Corp Ltd - India
- McConnell Dowell - Australia
- Kapuas Tunggal Persada - Indonesia
- Bukit Baiduri Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Thiess Contractors Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Carbofer General Trading SA - India
- India Bulls Power Limited - India
- Grasim Industreis Ltd - India
- Kumho Petrochemical, South Korea
- Bukit Makmur.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Samtan Co., Ltd - South Korea
- Attock Cement Pakistan Limited
- Krishnapatnam Port Company Ltd. - India
- Bukit Asam (Persero) Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- International Coal Ventures Pvt Ltd - India
- CNBM International Corporation - China
- Directorate Of Revenue Intelligence - India
- Mercuria Energy - Indonesia
- Georgia Ports Authority, United States
- Indo Tambangraya Megah - Indonesia
- Kartika Selabumi Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Eastern Energy - Thailand
- Jaiprakash Power Ventures ltd
- Posco Energy - South Korea
- Interocean Group of Companies - India
- IHS Mccloskey Coal Group - USA
- Eastern Coal Council - USA
- Timah Investasi Mineral - Indoneisa
- LBH Netherlands Bv - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Manunggal Multi Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- European Bulk Services B.V. - Netherlands
- Anglo American - United Kingdom
- TeaM Sual Corporation - Philippines
- Energy Link Ltd, New Zealand
- The State Trading Corporation of India Ltd
- Deloitte Consulting - India
- Agrawal Coal Company - India
- IEA Clean Coal Centre - UK
- PTC India Limited - India
- Marubeni Corporation - India
- Essar Steel Hazira Ltd - India
- Petron Corporation, Philippines
- Parry Sugars Refinery, India
- VISA Power Limited - India
- Renaissance Capital - South Africa
- Rio Tinto Coal - Australia
- GN Power Mariveles Coal Plant, Philippines
- Altura Mining Limited, Indonesia
- Salva Resources Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Mercator Lines Limited - India
- Bangladesh Power Developement Board
- Riau Bara Harum - Indonesia
- Merrill Lynch Commodities Europe
- Medco Energi Mining Internasional
- Mjunction Services Limited - India
- Price Waterhouse Coopers - Russia
- Cement Manufacturers Association - India
- Formosa Plastics Group - Taiwan
- South Luzon Thermal Energy Corporation
- OPG Power Generation Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Ambuja Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Straits Asia Resources Limited - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Wood Mackenzie - Singapore
- Siam City Cement - Thailand
- Larsen & Toubro Limited - India
- Minerals Council of Australia
- Leighton Contractors Pty Ltd - Australia
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