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Thursday, 15 April 10
DRY BULK MARKET SLOWLY GAINING GROUND
 The troubled and underperforming capesize sector of the dry bulk market has been experiencing an improved sentiment since Tuesday, a trend verified during Wednesday as well, with the relative Baltic Capesize Index (BCI) gaining ground for a second session in a row. Still, it is well behind the panamax market, in yet another “paradox” of the current market behavior. The BDI (Baltic Dry Index) ended yesterday’s session at 2,966 points up by 38 on a daily basis.
According to Fearnley’s latest week report “the capesize market has had a depressing week with rates falling across the board. Little or no period interest has been seen. Iron ore pricing agreements, combined with low freight rates have spurred some new selling, or at least putting ore on the water from Brazil, and we have seen Vale conclude a few vessels at low $23 (even $22 for overaged tonnage). The focus is on early ballasters, and as such little has emerged in terms of real direction for May, though the sentiment, backed by the paper market, is for an improvement in the rates. The Atlantic market still remains quiet and owners accepting lower than Pacific levels for the first time in a long time. Looking forward we are cautiously optimistic that there will be a small improvement in the near future” said the broker.
As for the panamax market, the report stated that “it experienced a sit back and watch scenario from both owners and charterers end last week and into the start of this week. There was no clear sign on where the market was going although the underlying sentiment was firm. Several grain cargoes from ECSA and coal from USEC entered the market this week and the tonnage supply is tight for prompt dates. Ballasters from the F.East fixed in region of $32,000 daily for ECSA/F.East cargoes on May dates. Pacific R/Vs are fixing in the upper 20´s. Tarv´s was fixing low 30´s and fronthauls mid 40´s. The firming spot market is also giving support to the period market. Rumors have it a 73k dwt was fixed on subs for 2 years trading at $24,000 daily with delivery PMO” concluded Fearnley’s.
Meanwhile, analysts from Commodore Research indicated in another update on Chinese commodity demand that China’s restrictions on iron ore imports have forced spot ore prices to increase sharply. Chinese iron ore fixtures have remained relatively firm this week, ore fixtures were very low yesterday and on Monday - but today they have increased.
Chinese ore demand continues to remain firm, and, so far, importers are not truly heading a call to boycott Australian and Brazilian iron ore. Spot Indian iron ore prices have increased to approximately $146/ton FOB, an increase of $22 (18%) from April 5.
Commenting on the recent change of iron ore pricing system on a quarterly basis, analysts like Omar Nokta of Dahlman Rose stated that if the quoted Vale price is accurate, the dry bulk market could see significant upside in the coming weeks, as $100 would represent a significant discount to current spot prices.
"With more stability and increased visibility into iron ore pricing, the dry bulk market can begin to better reflect the stronger environment across the global industrial complex", Nokta said. He expects rates for capesize vessels to increase by 18% this year at $45,000/day.
Source: Nikos Roussanoglou, Hellenic Shipping
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Tuesday, 30 March 10
PRICES FOR COKING COAL, IRON ORE TO SOAR AMID BURGEONING STEEL DEMAND: SCOTIABANK
Winnipeg Free Press reported that, Strong steel demand from China and a recovery in the developed world will push coking coal prices 56 per ce ...
Sunday, 28 March 10
DEMAND FROM INDIA RESHAPING THE GLOBAL COAL MARKET - DAVE FOREST
Attention international coal industry. There's a new kid on the block.
The nation of India.
India is emerging as a major re-shaping force for ...
Sunday, 28 March 10
SHIPS FROM WC INDIA TO CHINA CONTINUED TO BE FIXED AT HEALTHY LEVELS AT AROUND US$ 50/52,000 PER DAY - VISTAAR
COALspot.com: The dry bulk freight market seemed to be heading for a correction with all the indices dropping by 8-10 pct except for handy size whic ...
Saturday, 27 March 10
CHINA DROUGHT MAY RAISE COAL DEMAND, BOOST PRICES, CLSA SAYS - BLOOMBERG
Bloomberg reported that, Droughts in southwest China may increase demand for coal used in power plants, and ‘support” prices in the &ldq ...
Saturday, 27 March 10
CHINA TO REMAIN NET COAL IMPORTER IN NEAR FUTURE - STEEL GURU
Xinhua News cited Mr Wu Chenghou a councilor with the China Coal Transportation and Marketing Association as saying that China will remain a net coa ...
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- Intertek Mineral Services - Indonesia
- Price Waterhouse Coopers - Russia
- Planning Commission, India
- Edison Trading Spa - Italy
- Eastern Coal Council - USA
- OPG Power Generation Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Riau Bara Harum - Indonesia
- Gujarat Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Jindal Steel & Power Ltd - India
- PTC India Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Central Electricity Authority - India
- Videocon Industries ltd - India
- Meralco Power Generation, Philippines
- Mintek Dendrill Indonesia
- Madhucon Powers Ltd - India
- Sarangani Energy Corporation, Philippines
- Parliament of New Zealand
- Mercuria Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Indogreen Group - Indonesia
- Globalindo Alam Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Heidelberg Cement - Germany
- Directorate General of MIneral and Coal - Indonesia
- Parry Sugars Refinery, India
- San Jose City I Power Corp, Philippines
- Borneo Indobara - Indonesia
- The State Trading Corporation of India Ltd
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- New Zealand Coal & Carbon
- Global Business Power Corporation, Philippines
- Renaissance Capital - South Africa
- Lanco Infratech Ltd - India
- Australian Coal Association
- Siam City Cement PLC, Thailand
- Metalloyd Limited - United Kingdom
- Jaiprakash Power Ventures ltd
- Kalimantan Lumbung Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Independent Power Producers Association of India
- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- Holcim Trading Pte Ltd - Singapore
- Global Coal Blending Company Limited - Australia
- Orica Australia Pty. Ltd.
- Coalindo Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kideco Jaya Agung - Indonesia
- Economic Council, Georgia
- Thai Mozambique Logistica
- Barasentosa Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
- Meenaskhi Energy Private Limited - India
- Africa Commodities Group - South Africa
- Miang Besar Coal Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Sakthi Sugars Limited - India
- Merrill Lynch Commodities Europe
- Port Waratah Coal Services - Australia
- Gujarat Sidhee Cement - India
- Billiton Holdings Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- ICICI Bank Limited - India
- Karaikal Port Pvt Ltd - India
- Sojitz Corporation - Japan
- IHS Mccloskey Coal Group - USA
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- Tamil Nadu electricity Board
- Trasteel International SA, Italy
- Latin American Coal - Colombia
- Mercator Lines Limited - India
- London Commodity Brokers - England
- Chettinad Cement Corporation Ltd - India
- Wilmar Investment Holdings
- Posco Energy - South Korea
- Indian Oil Corporation Limited
- Bayan Resources Tbk. - Indonesia
- Uttam Galva Steels Limited - India
- Carbofer General Trading SA - India
- Semirara Mining and Power Corporation, Philippines
- Eastern Energy - Thailand
- CNBM International Corporation - China
- Makarim & Taira - Indonesia
- TeaM Sual Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Tata Chemicals Ltd - India
- Thiess Contractors Indonesia
- Vedanta Resources Plc - India
- Petron Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Marubeni Corporation - India
- Maheswari Brothers Coal Limited - India
- Aboitiz Power Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Chamber of Mines of South Africa
- TNB Fuel Sdn Bhd - Malaysia
- The University of Queensland
- Alfred C Toepfer International GmbH - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IEA Clean Coal Centre - UK
- Wood Mackenzie - Singapore
- Grasim Industreis Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Antam Resourcindo - Indonesia
- Ministry of Finance - Indonesia
- Sree Jayajothi Cements Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Singapore Mercantile Exchange
- White Energy Company Limited
- Indika Energy - Indonesia
- Ministry of Mines - Canada
- Aditya Birla Group - India
- GN Power Mariveles Coal Plant, Philippines
- India Bulls Power Limited - India
- Semirara Mining Corp, Philippines
- Ambuja Cements Ltd - India
- Minerals Council of Australia
- Larsen & Toubro Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Bukit Baiduri Energy - Indonesia
- Standard Chartered Bank - UAE
- Sical Logistics Limited - India
- GVK Power & Infra Limited - India
- Romanian Commodities Exchange
- Medco Energi Mining Internasional
- Therma Luzon, Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Interocean Group of Companies - India
- Orica Mining Services - Indonesia
- Energy Development Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- CIMB Investment Bank - Malaysia
- MS Steel International - UAE
- Kumho Petrochemical, South Korea
- Banpu Public Company Limited - Thailand
- Ceylon Electricity Board - Sri Lanka
- Bahari Cakrawala Sebuku - Indonesia
- GMR Energy Limited - India
- Goldman Sachs - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Krishnapatnam Port Company Ltd. - India
- Savvy Resources Ltd - HongKong
- Georgia Ports Authority, United States
- Mjunction Services Limited - India
- Salva Resources Pvt Ltd - India
- Indian Energy Exchange, India
- Malabar Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Vizag Seaport Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Samtan Co., Ltd - South Korea
- SMC Global Power, Philippines
- Straits Asia Resources Limited - Singapore
- SN Aboitiz Power Inc, Philippines
- Rio Tinto Coal - Australia
- Maharashtra Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Generating Authority of Thailand
- The Treasury - Australian Government
- Asmin Koalindo Tuhup - Indonesia
- Timah Investasi Mineral - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Global Green Power PLC Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Manunggal Multi Energi - Indonesia
- Bangladesh Power Developement Board
- Ministry of Transport, Egypt
- Bukit Asam (Persero) Tbk - Indonesia
- ASAPP Information Group - India
- Indonesian Coal Mining Association
- Bhatia International Limited - India
- Iligan Light & Power Inc, Philippines
- Commonwealth Bank - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Toyota Tsusho Corporation, Japan
- Leighton Contractors Pty Ltd - Australia
- PowerSource Philippines DevCo
- Australian Commodity Traders Exchange
- PNOC Exploration Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Bhushan Steel Limited - India
- Kaltim Prima Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- Pendopo Energi Batubara - Indonesia
- Star Paper Mills Limited - India
- Agrawal Coal Company - India
- Bharathi Cement Corporation - India
- South Luzon Thermal Energy Corporation
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Energy Link Ltd, New Zealand
- Coal and Oil Company - UAE
- Cement Manufacturers Association - India
- Altura Mining Limited, Indonesia
- Electricity Authority, New Zealand
- Xindia Steels Limited - India
- Simpson Spence & Young - Indonesia
- Central Java Power - Indonesia
- Oldendorff Carriers - Singapore
- Essar Steel Hazira Ltd - India
- VISA Power Limited - India
- Anglo American - United Kingdom
- Baramulti Group, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement - Thailand
- Bukit Makmur.PT - Indonesia
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