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Wednesday, 23 August 17
THE STRONG IRON ORE TRADE ROUTES SUPPORT CAPESIZE SEGMENT - INTERMODAL
 The upward trend in the Capesize segment is definitely being supported by the strong momentum in the key iron ore trade routes. The price of high-quality iron ore is now trading up around 47% from its 2017 lows just two months ago as Chinese anti-pollution crackdown on its heavy industries has forced the country's steelmakers to chase high-quality imports and avoid domestic producers that contend with Fe content in the 20%-range. Environmental inspections in China have caused great impact on prices of the commodity. Production in some mines, processing plants and mills is already being disrupted. The import price of high quality 62% Fe content iron ore in North China jumped again as the country's steelmakers stoke production ahead of mandated cuts going into winter.
In general, China's steel production last month rose to a record 74m tonnes, which is more than 10% compared to last year, with some analysts believing that, up to a certain extent, this has to do with traders worrying about a steel supply crunch in the near future. Evidently, Beijing wants to ensure that the industry cuts output by as much as 50% during winter months to fight smog, particularly in its capital city and surrounding areas. As an example, in Hebei province which is one of China's key producing regions, steelmakers said they will have to comply with stringent new emissions regulations by the September 1st deadline.
Last week, Capesize iron ore freight rates were flirting with 2017 highs on all key iron ore routes from Australia, Brazil and South Africa to China on robust tonnage demand and seasonal pickup coupled with a firming freight derivative market.
The Tubarao to Qingdao 170,000 mt (plus/minus 10%) route was assessed Thursday at $17.25/wmt, which corresponded to a TCE of $19,308/day. The Saldanha Bay-Qingdao 170,000 mt (plus/minus 10%) route was assessed at $13/wmt, with a TCE of $19,879/day. The Port Hedland, Australia to Qingdao, China route, for 170,000 mt (plus/minus 10%) was also assessed at $7.50/wmt, the highest so far this year. The previous 2017 high was $7.20/wmt on March 28. The push in the Port Hedland-Qingdao freight rate saw the time charter equivalent (TCE) assessed at $19,308/day on this route.
Fearing steel shortages in Q4 2017 and Q1 2018, participants are said to be stepping up the stockpiling steel currently. While the mood is upbeat in the Capesize segment, some market watchers feel the burgeoning vessel supply side could be a concern. The market seems like it is firming up on sentiment, but analysts are still concerned that the current supply of ore is more than matched by the supply of Capesizes.
Over the last two years, the oversupply of Capesize vessels was keeping a lid on freight levels. Approximately 69 Capesize plus VLOC newbuildings have been delivered so far this year, the same as in the corresponding period last year.
However, demolitions of older Capesize tonnage have taken a backseat with just 20 vessels torched year to date compared with 71 ships in the same period last year.
By Christopher T. Whitty
Commercial Manager
Cotzias Intermodal Shipping Inc.
Compiled by:
Intermodal Research & Valuations
Analysts:
Ms Eva Tzima
Disclaimer and legal disclosure: For any further queries please do not hesitate to contact our Research & Valuations Department. The information contained in this report has been obtained from various sources, as reported in the market. Intermodal Shipbrokers Co. believes such information to be factual and reliable without making guarantees regarding its accuracy or completeness. Whilst every care has been taken in the production of the above review, no liability can be accepted for any loss or damage incurred in any way whatsoever by any person who may seek to rely on the information and views contained in this material. This report is being produced for the internal use of the intended recipients only and no reproducing is allowed, without the prior written authorization of Intermodal Shipbrokers Co.
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Friday, 22 March 19
CHINA MARKET: COAL OUT IN THE COLD - BUSINESS RECORDER
Though China maintains there is no ban, China-bound Australian coal shipments are looking for a new home. For the past few months, coal cargoes are ...
Thursday, 21 March 19
PRICE PLUNGE AS CHINESE LEAVE THERMAL COAL OUT IN THE COLD - AUSTRALIAN FINANCIAL REVIEW
Thermal coal exporter New Hope Corporation says China’s shipment squeeze on Australia is putting downward pressure on prices in all markets i ...
Wednesday, 20 March 19
COAL EXPORT FEARS RESURFACE AS RESTRICTIONS HIT MORE CHINESE PORTS AND AUSTRALIAN PRICES COP A 'BELTING' - ABC
Australian thermal coal exports to China are under increasing pressure, with indications import restrictions are spreading to other key ports.
...
Monday, 18 March 19
A 56,000DWT SHIP FIXED DELIVERY FOR A SINGAPORE TRIP VIA INDONESIA, RE-DELIVERY CHINA, AT $10,000 - BALTIC BRIEFING
Capesize
The Baltic Capesize market shrugged off its recent negative sentiment to post daily incremental improvements over the last week. Pacif ...
Saturday, 16 March 19
AUSTRALIAN COAL STILL FACING CHINESE DELAY - AAP
Australian coal exports to China are still facing delays, with protectionism and environmental checks blamed for the slowdown.
Coal ...
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Showing 1421 to 1425 news of total 6846 |
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- Lanco Infratech Ltd - India
- PNOC Exploration Corporation - Philippines
- The University of Queensland
- Attock Cement Pakistan Limited
- Siam City Cement - Thailand
- Semirara Mining Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Kaltim Prima Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Global Green Power PLC Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Videocon Industries ltd - India
- SMG Consultants - Indonesia
- Trasteel International SA, Italy
- McConnell Dowell - Australia
- Uttam Galva Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Authority, New Zealand
- Planning Commission, India
- Iligan Light & Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Kepco SPC Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Indian Oil Corporation Limited
- ICICI Bank Limited - India
- Marubeni Corporation - India
- Energy Development Corp, Philippines
- Ministry of Finance - Indonesia
- PTC India Limited - India
- Latin American Coal - Colombia
- Sinarmas Energy and Mining - Indonesia
- Xindia Steels Limited - India
- Larsen & Toubro Limited - India
- Kapuas Tunggal Persada - Indonesia
- Meenaskhi Energy Private Limited - India
- Price Waterhouse Coopers - Russia
- Minerals Council of Australia
- Ministry of Mines - Canada
- Kideco Jaya Agung - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Goldman Sachs - Singapore
- Therma Luzon, Inc, Philippines
- Bhushan Steel Limited - India
- SMC Global Power, Philippines
- SN Aboitiz Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Borneo Indobara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Wood Mackenzie - Singapore
- Bulk Trading Sa - Switzerland
- Port Waratah Coal Services - Australia
- Mercator Lines Limited - India
- CIMB Investment Bank - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Tamil Nadu electricity Board
- Krishnapatnam Port Company Ltd. - India
- Ministry of Transport, Egypt
- Maharashtra Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Posco Energy - South Korea
- Holcim Trading Pte Ltd - Singapore
- Indika Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Wilmar Investment Holdings
- Georgia Ports Authority, United States
- Eastern Coal Council - USA
- Malabar Cements Ltd - India
- Central Electricity Authority - India
- Rio Tinto Coal - Australia
- Savvy Resources Ltd - HongKong
- Indo Tambangraya Megah - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Simpson Spence & Young - Indonesia
- Indonesian Coal Mining Association
- Power Finance Corporation Ltd., India
- ASAPP Information Group - India
- Rashtriya Ispat Nigam Limited - India
- Global Business Power Corporation, Philippines
- India Bulls Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Oldendorff Carriers - Singapore
- CNBM International Corporation - China
- Energy Link Ltd, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Merrill Lynch Commodities Europe
- Singapore Mercantile Exchange
- Deloitte Consulting - India
- Formosa Plastics Group - Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Coal Association
- Sarangani Energy Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Parry Sugars Refinery, India
- Kumho Petrochemical, South Korea
- Directorate Of Revenue Intelligence - India
- Commonwealth Bank - Australia
- GAC Shipping (India) Pvt Ltd
- Gujarat Sidhee Cement - India
- Bangladesh Power Developement Board
- Medco Energi Mining Internasional
- Sindya Power Generating Company Private Ltd
- Sical Logistics Limited - India
- Sakthi Sugars Limited - India
- Vedanta Resources Plc - India
- MS Steel International - UAE
- Barasentosa Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Standard Chartered Bank - UAE
- European Bulk Services B.V. - Netherlands
- Timah Investasi Mineral - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Indogreen Group - Indonesia
- Metalloyd Limited - United Kingdom
- Dalmia Cement Bharat India
- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- OPG Power Generation Pvt Ltd - India
- Coal and Oil Company - UAE
- Ind-Barath Power Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Thai Mozambique Logistica
- Bukit Makmur.PT - Indonesia
- GMR Energy Limited - India
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Meralco Power Generation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Thiess Contractors Indonesia
- Bhoruka Overseas - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Aditya Birla Group - India
- Independent Power Producers Association of India
- Bhatia International Limited - India
- Intertek Mineral Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Banpu Public Company Limited - Thailand
- London Commodity Brokers - England
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- Central Java Power - Indonesia
- International Coal Ventures Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Pipit Mutiara Jaya. PT, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Manunggal Multi Energi - Indonesia
- Agrawal Coal Company - India
- Mintek Dendrill Indonesia
- Eastern Energy - Thailand
- Globalindo Alam Lestari - Indonesia
- Chamber of Mines of South Africa
- Orica Australia Pty. Ltd.
- Antam Resourcindo - Indonesia
- Anglo American - United Kingdom
- Parliament of New Zealand
- Interocean Group of Companies - India
- Coastal Gujarat Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Binh Thuan Hamico - Vietnam
- Sree Jayajothi Cements Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Heidelberg Cement - Germany
- Petron Corporation, Philippines
- The Treasury - Australian Government
- Edison Trading Spa - Italy
- Essar Steel Hazira Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Riau Bara Harum - Indonesia
- Mercuria Energy - Indonesia
- Ambuja Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bharathi Cement Corporation - India
- Australian Commodity Traders Exchange
- The State Trading Corporation of India Ltd
- Mjunction Services Limited - India
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aboitiz Power Corporation - Philippines
- New Zealand Coal & Carbon
- TeaM Sual Corporation - Philippines
- White Energy Company Limited
- Samtan Co., Ltd - South Korea
- Billiton Holdings Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Ceylon Electricity Board - Sri Lanka
- Chettinad Cement Corporation Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Africa Commodities Group - South Africa
- Star Paper Mills Limited - India
- Tata Chemicals Ltd - India
- Renaissance Capital - South Africa
- Carbofer General Trading SA - India
- Madhucon Powers Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maheswari Brothers Coal Limited - India
- PowerSource Philippines DevCo
- IEA Clean Coal Centre - UK
- Toyota Tsusho Corporation, Japan
- Kobexindo Tractors - Indoneisa
- VISA Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Coalindo Energy - Indonesia
- Cement Manufacturers Association - India
- Baramulti Group, Indonesia
- Romanian Commodities Exchange
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