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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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Tuesday, 17 November 20
AUSTRALIAN COAL EXPORTS TO CHINA SLUMP, BUT PRICES ARE MIXED - REUTERS
China’s unofficial ban on coal imports from Australia is starting to take its toll on volumes, with departing cargoes down sharply so far in ...
Friday, 13 November 20
SHIPPING OUTLOOK TURNS STABLE ON EBITDA GROWTH, IMPROVING SUPPLY-DEMAND BALANCE - MOODY’S
Outlook revised to stable from negative.
The global shipping industry is on course to perform better overall than we had previously ex ...
Friday, 13 November 20
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Monday, 09 November 20
INDONESIA MAY CUT BIODIESEL USE TARGET AS SUBSIDY FUND DEPLETES - FITCH
The Indonesian government may rein in its push to increase use of biodiesel as it now comes at higher cost following a fall in crude oil prices and ...
Monday, 09 November 20
SOUTH AFRICA: COAL MARKET CONDITIONS HAVE ' DETERIORATED MATERIALLY' - IEEFA
The Asian seaborne thermal coal pool is drying out
Resource Generation Ltd’s proposed but long delayed Boikarabelo coal mine i ...
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- Eastern Energy - Thailand
- Chamber of Mines of South Africa
- Cement Manufacturers Association - India
- Asmin Koalindo Tuhup - Indonesia
- Pendopo Energi Batubara - Indonesia
- Global Green Power PLC Corporation, Philippines
- ASAPP Information Group - India
- Australian Commodity Traders Exchange
- Standard Chartered Bank - UAE
- Energy Link Ltd, New Zealand
- Kumho Petrochemical, South Korea
- Georgia Ports Authority, United States
- Trasteel International SA, Italy
- PowerSource Philippines DevCo
- Parry Sugars Refinery, India
- Karaikal Port Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Ministry of Mines - Canada
- Kepco SPC Power Corporation, Philippines
- New Zealand Coal & Carbon
- Latin American Coal - Colombia
- Oldendorff Carriers - Singapore
- Siam City Cement PLC, Thailand
- Malabar Cements Ltd - India
- Xindia Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Lanco Infratech Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Grasim Industreis Ltd - India
- SMC Global Power, Philippines
- Makarim & Taira - Indonesia
- Bukit Baiduri Energy - Indonesia
- Economic Council, Georgia
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Planning Commission, India
- Pipit Mutiara Jaya. PT, Indonesia
- London Commodity Brokers - England
- Siam City Cement - Thailand
- Indian Energy Exchange, India
- Marubeni Corporation - India
- Maheswari Brothers Coal Limited - India
- Therma Luzon, Inc, Philippines
- Indogreen Group - Indonesia
- IEA Clean Coal Centre - UK
- Globalindo Alam Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- SN Aboitiz Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Kideco Jaya Agung - Indonesia
- Meralco Power Generation, Philippines
- Formosa Plastics Group - Taiwan
- Bhatia International Limited - India
- Romanian Commodities Exchange
- Altura Mining Limited, Indonesia
- OPG Power Generation Pvt Ltd - India
- SMG Consultants - Indonesia
- Heidelberg Cement - Germany
- Videocon Industries ltd - India
- Antam Resourcindo - Indonesia
- Coal and Oil Company - UAE
- Vedanta Resources Plc - India
- Aditya Birla Group - India
- Coalindo Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Bangladesh Power Developement Board
- Interocean Group of Companies - India
- ICICI Bank Limited - India
- Manunggal Multi Energi - Indonesia
- Mercator Lines Limited - India
- Port Waratah Coal Services - Australia
- Ind-Barath Power Infra Limited - India
- Bharathi Cement Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Anglo American - United Kingdom
- Agrawal Coal Company - India
- Thai Mozambique Logistica
- Uttam Galva Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Metalloyd Limited - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- GVK Power & Infra Limited - India
- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
- Bulk Trading Sa - Switzerland
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
- Gujarat Sidhee Cement - India
- Sakthi Sugars Limited - India
- Rio Tinto Coal - Australia
- Sical Logistics Limited - India
- Attock Cement Pakistan Limited
- Kartika Selabumi Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Africa Commodities Group - South Africa
- Orica Mining Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Edison Trading Spa - Italy
- Central Electricity Authority - India
- Ambuja Cements Ltd - India
- VISA Power Limited - India
- Simpson Spence & Young - Indonesia
- Kobexindo Tractors - Indoneisa
- Independent Power Producers Association of India
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- Carbofer General Trading SA - India
- Neyveli Lignite Corporation Ltd, - India
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Coal Council - USA
- Banpu Public Company Limited - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Wood Mackenzie - Singapore
- Meenaskhi Energy Private Limited - India
- Medco Energi Mining Internasional
- MS Steel International - UAE
- Straits Asia Resources Limited - Singapore
- Global Coal Blending Company Limited - Australia
- Bukit Makmur.PT - Indonesia
- Savvy Resources Ltd - HongKong
- Indika Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Billiton Holdings Pty Ltd - Australia
- The Treasury - Australian Government
- Aboitiz Power Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Wilmar Investment Holdings
- PTC India Limited - India
- Energy Development Corp, Philippines
- Posco Energy - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Electricity Authority, New Zealand
- Merrill Lynch Commodities Europe
- The University of Queensland
- Vizag Seaport Private Limited - India
- Bhushan Steel Limited - India
- Electricity Generating Authority of Thailand
- Sree Jayajothi Cements Limited - India
- Semirara Mining Corp, Philippines
- Renaissance Capital - South Africa
- Essar Steel Hazira Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Tata Chemicals Ltd - India
- Riau Bara Harum - Indonesia
- TeaM Sual Corporation - Philippines
- McConnell Dowell - Australia
- Krishnapatnam Port Company Ltd. - India
- San Jose City I Power Corp, Philippines
- Price Waterhouse Coopers - Russia
- Sindya Power Generating Company Private Ltd
- Global Business Power Corporation, Philippines
- GMR Energy Limited - India
- Cigading International Bulk Terminal - Indonesia
- Baramulti Group, Indonesia
- Bayan Resources Tbk. - Indonesia
- Sojitz Corporation - Japan
- Tamil Nadu electricity Board
- CNBM International Corporation - China
- Central Java Power - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- European Bulk Services B.V. - Netherlands
- India Bulls Power Limited - India
- Intertek Mineral Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Indian Oil Corporation Limited
- Toyota Tsusho Corporation, Japan
- Petron Corporation, Philippines
- Goldman Sachs - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Indo Tambangraya Megah - Indonesia
- Coastal Gujarat Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thiess Contractors Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Larsen & Toubro Limited - India
- Barasentosa Lestari - Indonesia
- Mjunction Services Limited - India
- Samtan Co., Ltd - South Korea
- Dalmia Cement Bharat India
- TNB Fuel Sdn Bhd - Malaysia
- Kaltim Prima Coal - Indonesia
- Power Finance Corporation Ltd., India
- LBH Netherlands Bv - Netherlands
- Mercuria Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- White Energy Company Limited
- Salva Resources Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bahari Cakrawala Sebuku - Indonesia
- Australian Coal Association
- Indonesian Coal Mining Association
- Mintek Dendrill Indonesia
- Star Paper Mills Limited - India
- PNOC Exploration Corporation - Philippines
- CIMB Investment Bank - Malaysia
- AsiaOL BioFuels Corp., Philippines
- Minerals Council of Australia
- Kapuas Tunggal Persada - Indonesia
- Sarangani Energy Corporation, Philippines
- Ministry of Finance - Indonesia
- Jaiprakash Power Ventures ltd
- Leighton Contractors Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Parliament of New Zealand
- Binh Thuan Hamico - Vietnam
- Singapore Mercantile Exchange
- Borneo Indobara - Indonesia
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