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Wednesday, 26 October 11
INDIAN MARKET WAS REMAINED TIGHT THE WHOLE LAST WEEK - BRS
 The market once more seems to be at a crossroads. The indices last week remained fairly stable (except for the Panamax sector), ending the week as follows: the BDI at 2,153 points (-0.9%), the BCI at 3,566 (-0.6%), the BPI at 2,026 (-2.8%), the BSI at 1,607 (+0.8%) and the BHI at 826 points (+0.5%). Falling iron ore prices continued to prompt discussion, as Chinese steel prices also fell to a 10-month low last week in response to moderating construction demand. Recent steel prices have prompted some Chinese producers to cut output or bring forward maintenance. 62% fine CFR Tianjin finished the week at $142.6 per tonne. The cash price of ore has not traded at less than $140 per ton since September 2010.
Capesize
Despite the Coaltrans conference in Madrid, and the near one-year high achieved by Capesize rates the previous week, there was no major correction in the market. Overall the BCI came off just 0.6%, while the four time charter average only budged $324 to finish at $30,975. Regionally, Tubarao-Qingdao rates actually rose, and a mid November cargo was reported at $30 per tonne, with plenty of activity in both basins in the second half of the week. Paper rates meanwhile saw significant gains over the week, suggesting confidence for the short term is there. November and Q4 contracts recorded gains of 12.6% and 9.8% respectively w-o-w. Monday saw more positive signs, with the 4TC rising $437, compensating for the losses of the previous week.
Panamax
The Panamax market was strong last week with ‘high’ rates seen until midweek. The end of the week was relatively quiet, and it was the same for the start of the new week. Both TA and Pacific RV kept improving and respectively reached $18-$18,300 and $15,600-$15,800 on Wednesday, with fronthaul rates reaching up to $26,500/day. That said, the market marked a pause with tonnage building up in the Atlantic and Pacific. Fronthaul was reported in the $25,500 region and TA was hovering in the $17,800-$18,000 area. The market now appears to be topping out. The only market which remained tight the whole week was the Indian market with very little tonnage available for WCI to China trip. We are now expecting a drop in rates as a fair number of ballasters from the East could hit the Atlantic market very soon, so a weak second half of November is predicted, with many players strongly bearish.
Supramax/Handy
The Baltic Supramax rose 13 points to finish at 1,607 last week, while the average of the time charter routes gained $133 to finish at $16,804, mainly driven by the US Gulf. The Atlantic remain very firm with Supras fixed from the USG to Cont at $31,000 daily, while USG to Far East was fixed at $36,250. The Far East was softening by the end of the week with vessels fixed from China via Indonesia to India at around $14,500 and the Nopac was fixed around $15,000 daily. The activity was also supported by interest in short period with redelivery worldwide at around $14,500-$15,000. In the smaller sizes, the market was pretty steady: the Handy Baltic Index gained 4 points to finish at 826 points, while the time charter route finished at $11,901.
In the Pacific, the Aussie round dropped more than $700 compared to last week, and a vessel was fixed at $10,400 daily. The NOPAC also decreased by more than $500. The Atlantic remains firm with a lot of activity supported, and short period around $12,000 for 3 to 5 months. Otherwise, fixtures have been done at $19,000 from Black Sea to India and similar number has been seen from USG to Cont, while $21,000 daily has been seen from ECSA to the Far East.
Source : Barry Rogliano Salles
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Wednesday, 30 September 20
MARKET INSIGHT - INTERMODAL
Spot rates for Capesize bulk carriers received a significant boost last week, however, there are certain reservations in the market regarding the p ...
Tuesday, 29 September 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.73 PCT - XINHUA
China Taiyuan coal transaction price index stood at 125.91 points Monday, up 0.73 percent week on week.
The index, released by China ...
Tuesday, 29 September 20
SHIPPING MARKET - ALLIED
Here we are, just a short breath before the final quarter of the year, and many are now debating to what extent we can really expect a firm dry bul ...
Tuesday, 29 September 20
INDONESIAN COAL COMPANIES' EARNINGS TO WEAKEN IN 2H20 - FITCH RATINGS
Rated Indonesian coal miners and contractors will have weaker operating and financial performances in the second half of 2020 than in the first, sa ...
Tuesday, 29 September 20
RUSSIA'S COAL PRODUCTION TO DROP BY 10.5% IN 2020, SAYS MINISTRY - TASS
Russia’s Economic Development Ministry projects a 10.5% decrease in coal production in the country in 2020 compared with last year to 395 mln ...
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- Georgia Ports Authority, United States
- Asmin Koalindo Tuhup - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Business Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Sical Logistics Limited - India
- Planning Commission, India
- Banpu Public Company Limited - Thailand
- Toyota Tsusho Corporation, Japan
- Energy Link Ltd, New Zealand
- Karaikal Port Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Dalmia Cement Bharat India
- Power Finance Corporation Ltd., India
- Bharathi Cement Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kartika Selabumi Mining - Indonesia
- Eastern Coal Council - USA
- Gujarat Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Central Java Power - Indonesia
- Rio Tinto Coal - Australia
- Thai Mozambique Logistica
- Kobexindo Tractors - Indoneisa
- Ministry of Transport, Egypt
- Miang Besar Coal Terminal - Indonesia
- Bhatia International Limited - India
- Aditya Birla Group - India
- Tata Chemicals Ltd - India
- Borneo Indobara - Indonesia
- CIMB Investment Bank - Malaysia
- Aboitiz Power Corporation - Philippines
- Xindia Steels Limited - India
- Vedanta Resources Plc - India
- Indika Energy - Indonesia
- Grasim Industreis Ltd - India
- India Bulls Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- The University of Queensland
- Mercuria Energy - Indonesia
- Chamber of Mines of South Africa
- Vijayanagar Sugar Pvt Ltd - India
- IEA Clean Coal Centre - UK
- PetroVietnam Power Coal Import and Supply Company
- SMG Consultants - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- ICICI Bank Limited - India
- Sinarmas Energy and Mining - Indonesia
- Attock Cement Pakistan Limited
- European Bulk Services B.V. - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Australian Commodity Traders Exchange
- Timah Investasi Mineral - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining Corp, Philippines
- SMC Global Power, Philippines
- AsiaOL BioFuels Corp., Philippines
- Jorong Barutama Greston.PT - Indonesia
- CNBM International Corporation - China
- Intertek Mineral Services - Indonesia
- Jindal Steel & Power Ltd - India
- The Treasury - Australian Government
- McConnell Dowell - Australia
- Gujarat Sidhee Cement - India
- Kohat Cement Company Ltd. - Pakistan
- Bulk Trading Sa - Switzerland
- Madhucon Powers Ltd - India
- Vizag Seaport Private Limited - India
- Marubeni Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Wilmar Investment Holdings
- Tamil Nadu electricity Board
- Carbofer General Trading SA - India
- Bangladesh Power Developement Board
- Gujarat Mineral Development Corp Ltd - India
- Pendopo Energi Batubara - Indonesia
- Binh Thuan Hamico - Vietnam
- Therma Luzon, Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Commonwealth Bank - Australia
- Kaltim Prima Coal - Indonesia
- Mintek Dendrill Indonesia
- Jaiprakash Power Ventures ltd
- Videocon Industries ltd - India
- Leighton Contractors Pty Ltd - Australia
- White Energy Company Limited
- Eastern Energy - Thailand
- Economic Council, Georgia
- Electricity Generating Authority of Thailand
- Malabar Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Bhoruka Overseas - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Larsen & Toubro Limited - India
- Barasentosa Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Standard Chartered Bank - UAE
- Ministry of Mines - Canada
- Bukit Makmur.PT - Indonesia
- Medco Energi Mining Internasional
- Chettinad Cement Corporation Ltd - India
- Indian Oil Corporation Limited
- Alfred C Toepfer International GmbH - Germany
- Antam Resourcindo - Indonesia
- Wood Mackenzie - Singapore
- Meralco Power Generation, Philippines
- Altura Mining Limited, Indonesia
- Lanco Infratech Ltd - India
- Trasteel International SA, Italy
- New Zealand Coal & Carbon
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- Indonesian Coal Mining Association
- Samtan Co., Ltd - South Korea
- Billiton Holdings Pty Ltd - Australia
- Mercator Lines Limited - India
- Makarim & Taira - Indonesia
- Price Waterhouse Coopers - Russia
- Ambuja Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Rashtriya Ispat Nigam Limited - India
- Savvy Resources Ltd - HongKong
- Directorate Of Revenue Intelligence - India
- Merrill Lynch Commodities Europe
- Bahari Cakrawala Sebuku - Indonesia
- Sarangani Energy Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Petron Corporation, Philippines
- Independent Power Producers Association of India
- Formosa Plastics Group - Taiwan
- Latin American Coal - Colombia
- Coastal Gujarat Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Interocean Group of Companies - India
- Orica Australia Pty. Ltd.
- Sree Jayajothi Cements Limited - India
- Indogreen Group - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Central Electricity Authority - India
- Manunggal Multi Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Deloitte Consulting - India
- GAC Shipping (India) Pvt Ltd
- Anglo American - United Kingdom
- GVK Power & Infra Limited - India
- Straits Asia Resources Limited - Singapore
- ASAPP Information Group - India
- Orica Mining Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Renaissance Capital - South Africa
- Mjunction Services Limited - India
- San Jose City I Power Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Authority, New Zealand
- Heidelberg Cement - Germany
- Meenaskhi Energy Private Limited - India
- Maheswari Brothers Coal Limited - India
- Minerals Council of Australia
- Holcim Trading Pte Ltd - Singapore
- LBH Netherlands Bv - Netherlands
- PowerSource Philippines DevCo
- The State Trading Corporation of India Ltd
- Parry Sugars Refinery, India
- Sakthi Sugars Limited - India
- International Coal Ventures Pvt Ltd - India
- Energy Development Corp, Philippines
- Oldendorff Carriers - Singapore
- GMR Energy Limited - India
- Bukit Baiduri Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Bhushan Steel Limited - India
- Parliament of New Zealand
- Baramulti Group, Indonesia
- Star Paper Mills Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Singapore Mercantile Exchange
- Agrawal Coal Company - India
- Ind-Barath Power Infra Limited - India
- Riau Bara Harum - Indonesia
- Sojitz Corporation - Japan
- Iligan Light & Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Africa Commodities Group - South Africa
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Edison Trading Spa - Italy
- Indo Tambangraya Megah - Indonesia
- London Commodity Brokers - England
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement - Thailand
- PTC India Limited - India
- Australian Coal Association
- Coalindo Energy - Indonesia
- South Luzon Thermal Energy Corporation
- MS Steel International - UAE
- Cigading International Bulk Terminal - Indonesia
- Ministry of Finance - Indonesia
- Indian Energy Exchange, India
- Global Coal Blending Company Limited - Australia
- Port Waratah Coal Services - Australia
- Siam City Cement PLC, Thailand
- Kumho Petrochemical, South Korea
- Romanian Commodities Exchange
- Globalindo Alam Lestari - Indonesia
- Coal and Oil Company - UAE
- Cement Manufacturers Association - India
- SN Aboitiz Power Inc, Philippines
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