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Wednesday, 19 October 11
SUPRAMAX MARKET WAS VERY FIRM LAST WEEK - BRS
 With all sectors contributing positively, the BDI ended the week at 2,173 points (+8.6%), its highest level so far in 2011. The BCI stood at 3,587 (11.5%), the BPI at 2,084 (+8.9%), the BSI 1,594 (+4%) and the BHI moved to 822 points (+6.2%). In the iron ore market, recent volatility in ore prices has prompted some mining companies to sidestep the quarterly pricing mechanism and offer ore at spot prices. Market sources say Chinese mills are reluctant to pay the fourth quarter contract price of $175 per tonne (based on the average for the previous quarter) when current spot prices are just $160 per tonne. Instead Vale has reportedly offered fourth-quarter prices based on the average for October-December spot rates. The move could encourage continued buying by the Chinese, especially as prices have continued to fall in recent days.
Capesize
An unexpected second week of gains for the Cape size market, with the 4TC hitting its highest rate since November 2010 on Friday. Activity was very strong in the Pacific, with plenty of fixtures concluded. Hedland-Qingdao saw the biggest gains during the week, as buyers returned from the Chinese holidays, and there were even rumors of a post-$13 per tonne deal. The continued good activity has resulted in rising congestion in China, and almost 70 ships were seen at anchorage in the country by Friday. This compares to 45 vessels the previous week, with nearly 90 ships expected over the next fortnight. However the BCI fell nearly 50 points on Monday, and the Coaltrans conference in Madrid is also expected to lead to a quieter market in the coming week.
Panamax
The Atlantic basin remained tight on prompt tonnage, with reasonable volumes of USG/China business being concluded. There was also an increase in TA stems towards the end of the week, providing additional support to the market (an increase of $1,437 on 1A and $1,608 on the 2A indices), although there is a feeling the market may begin to stabilize if business out of the Gulf thins. In addition to this, Coaltrans in the early part of the coming week could subdue the market somewhat. Looking forward, the trend in the Atlantic could well steady after the rises in recent weeks. The Pacific market also continued to climb over the week, with cargo volumes remaining healthy. Having said this, the level of activity seemed to tail off a touch towards the end of the week with some expectations for a more stable index in the coming days, and little in the way of fresh business being concluded at the beginning of the new week.
Supramax/Handy
The market was very firm last week and even though we felt there were signs of slowing towards the end of the week, the indices were still on the rise. For Supras, the Baltic Index gained 50 points to end at 1,594, with the TC average increasing by $521 to finish at $16,150. Modern Supras were fixed very quickly with none left in ECSA for October dates. From the USG, cargoes to the Far East were fixed in the mid $30,000s, and in the low $30,000s to the Continent. For trips from West Coast Africa via ECSA to the Far East, rates were around $23-24,000. For the smaller sizes, the market was also strong and kept on increasing with the Index gaining 36 points to finish at 822. The TC average for the Handies increased by $476 to end the week at $11,911. Fewer fixtures were reported for Handies than for Supras however from the Continent; Handies were fixed to the Med in the mid/ high $10,000s. From the Med, Handies were fixed to East Coast South America at $10,000. In the East, Supras were fixed around $15,000 dop China via Indonesia redelivery Far East. Aussie rounds on Handies were fixed around $12,000. On period, a couple of modern Supras were taken in the Far East for short period at around $15,000 with redelivery worldwide. A couple of Supras were taken for a year around $14-14,500 with delivery in the Far East and worldwide redelivery.
Source: Barry Rogliano Salles
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Wednesday, 25 November 20
DRY BULK SHIPPING: CHINA REMAINS THE DRIVING FACTOR, BUT COAL POLICY IS DISRUPTING THE MARKET - PETER SAND, BIMCO
The second half of the year has provided some cheer for the dry bulk market, with all ships in the spot market averaging earnings above the break-e ...
Wednesday, 25 November 20
CHINA KICKS AN OWN GOAL WITH AUSTRALIAN COAL - FORBES
China’s annoyance at Australia’s hardline stance on political interference and demands for an independent inquiry into the root cause o ...
Wednesday, 25 November 20
MINISTER - INDONESIA JAN-OCT COAL OUTPUT AT 459 MILLION TONNES - REUTERS
Indonesia coal output in the January to October period was 459 million tonnes, the country’s energy minister told parliament on Monday.
& ...
Wednesday, 25 November 20
INDIA: MORE STEPS NEEDED TO MAKE COMMERCIAL COAL MINING ATTRACTIVE TO GLOBAL PLAYERS - LIVEMINT
India concluded its first commercial coal mine auctions earlier this month. A total of 19 coal mines spread across Madhya Pradesh, Jharkhand, Odish ...
Wednesday, 25 November 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.38 PCT - XINHUA
China Taiyuan coal transaction price index stood at 129.21 points Monday, up 0.38 percent week on week.
The index, released by China ...
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- IEA Clean Coal Centre - UK
- Straits Asia Resources Limited - Singapore
- Grasim Industreis Ltd - India
- Bukit Makmur.PT - Indonesia
- Bhushan Steel Limited - India
- Energy Development Corp, Philippines
- GVK Power & Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- MS Steel International - UAE
- Kapuas Tunggal Persada - Indonesia
- Carbofer General Trading SA - India
- Bukit Baiduri Energy - Indonesia
- Eastern Energy - Thailand
- Riau Bara Harum - Indonesia
- McConnell Dowell - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- GN Power Mariveles Coal Plant, Philippines
- Parry Sugars Refinery, India
- Chettinad Cement Corporation Ltd - India
- Wilmar Investment Holdings
- Power Finance Corporation Ltd., India
- CNBM International Corporation - China
- The University of Queensland
- Australian Coal Association
- South Luzon Thermal Energy Corporation
- Sinarmas Energy and Mining - Indonesia
- Port Waratah Coal Services - Australia
- Electricity Authority, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thai Mozambique Logistica
- European Bulk Services B.V. - Netherlands
- SMC Global Power, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Romanian Commodities Exchange
- LBH Netherlands Bv - Netherlands
- Indonesian Coal Mining Association
- Indogreen Group - Indonesia
- Borneo Indobara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Price Waterhouse Coopers - Russia
- Australian Commodity Traders Exchange
- Alfred C Toepfer International GmbH - Germany
- Heidelberg Cement - Germany
- Jindal Steel & Power Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Indian Oil Corporation Limited
- Therma Luzon, Inc, Philippines
- Formosa Plastics Group - Taiwan
- Global Green Power PLC Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Planning Commission, India
- Toyota Tsusho Corporation, Japan
- Mjunction Services Limited - India
- Sojitz Corporation - Japan
- Maheswari Brothers Coal Limited - India
- Karaikal Port Pvt Ltd - India
- Tamil Nadu electricity Board
- Videocon Industries ltd - India
- Aditya Birla Group - India
- Coalindo Energy - Indonesia
- Wood Mackenzie - Singapore
- GMR Energy Limited - India
- Jaiprakash Power Ventures ltd
- India Bulls Power Limited - India
- Intertek Mineral Services - Indonesia
- Mercator Lines Limited - India
- Makarim & Taira - Indonesia
- Tata Chemicals Ltd - India
- Salva Resources Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- VISA Power Limited - India
- Mercuria Energy - Indonesia
- Siam City Cement PLC, Thailand
- Holcim Trading Pte Ltd - Singapore
- Bangladesh Power Developement Board
- Essar Steel Hazira Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Agrawal Coal Company - India
- Kobexindo Tractors - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Dalmia Cement Bharat India
- Attock Cement Pakistan Limited
- PowerSource Philippines DevCo
- Semirara Mining Corp, Philippines
- Bhoruka Overseas - Indonesia
- Krishnapatnam Port Company Ltd. - India
- OPG Power Generation Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Oldendorff Carriers - Singapore
- Miang Besar Coal Terminal - Indonesia
- Mintek Dendrill Indonesia
- Interocean Group of Companies - India
- Coastal Gujarat Power Limited - India
- Banpu Public Company Limited - Thailand
- Leighton Contractors Pty Ltd - Australia
- Edison Trading Spa - Italy
- Rashtriya Ispat Nigam Limited - India
- PTC India Limited - India
- Cement Manufacturers Association - India
- Directorate Of Revenue Intelligence - India
- Coal and Oil Company - UAE
- Rio Tinto Coal - Australia
- Kumho Petrochemical, South Korea
- The State Trading Corporation of India Ltd
- Kartika Selabumi Mining - Indonesia
- ASAPP Information Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Thiess Contractors Indonesia
- Posco Energy - South Korea
- Kideco Jaya Agung - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Goldman Sachs - Singapore
- New Zealand Coal & Carbon
- Aboitiz Power Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Minerals Council of Australia
- Orica Mining Services - Indonesia
- Central Electricity Authority - India
- Chamber of Mines of South Africa
- Meralco Power Generation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- The Treasury - Australian Government
- Sree Jayajothi Cements Limited - India
- Bhatia International Limited - India
- Star Paper Mills Limited - India
- Eastern Coal Council - USA
- Ministry of Transport, Egypt
- Ministry of Finance - Indonesia
- Africa Commodities Group - South Africa
- Petron Corporation, Philippines
- Antam Resourcindo - Indonesia
- Malabar Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- ICICI Bank Limited - India
- Standard Chartered Bank - UAE
- Merrill Lynch Commodities Europe
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Trasteel International SA, Italy
- Parliament of New Zealand
- Medco Energi Mining Internasional
- Gujarat Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Georgia Ports Authority, United States
- Global Business Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indo Tambangraya Megah - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Manunggal Multi Energi - Indonesia
- Indian Energy Exchange, India
- CIMB Investment Bank - Malaysia
- Vizag Seaport Private Limited - India
- Xindia Steels Limited - India
- Altura Mining Limited, Indonesia
- GAC Shipping (India) Pvt Ltd
- Madhucon Powers Ltd - India
- Larsen & Toubro Limited - India
- Economic Council, Georgia
- Orica Australia Pty. Ltd.
- Bayan Resources Tbk. - Indonesia
- Siam City Cement - Thailand
- Independent Power Producers Association of India
- Indika Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Sical Logistics Limited - India
- San Jose City I Power Corp, Philippines
- Ambuja Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Latin American Coal - Colombia
- White Energy Company Limited
- SMG Consultants - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Mines - Canada
- Samtan Co., Ltd - South Korea
- Anglo American - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Bulk Trading Sa - Switzerland
- Singapore Mercantile Exchange
- Baramulti Group, Indonesia
- Commonwealth Bank - Australia
- Marubeni Corporation - India
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- Central Java Power - Indonesia
- Ceylon Electricity Board - Sri Lanka
- London Commodity Brokers - England
- Deloitte Consulting - India
- Metalloyd Limited - United Kingdom
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- Global Coal Blending Company Limited - Australia
- Renaissance Capital - South Africa
- Sakthi Sugars Limited - India
- SN Aboitiz Power Inc, Philippines
- Vedanta Resources Plc - India
- Savvy Resources Ltd - HongKong
- Timah Investasi Mineral - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
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