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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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Monday, 17 August 09
COAL EXPORTS CONTINUE DESPITE SHORTAGE
Vietnam News reported that, Viet Nam is exporting more coal despite a warning from experts that the country could face a shortage of this fossil fue ...
Monday, 17 August 09
S.KOREA JULY COAL IMPORTS UP TO 8.97 MLN T
* Imports of heating coal in July up 3.7 percent on year
* LNG imports in July fall for seventh straight month
Alibaba reorted that, South Kore ...
Monday, 17 August 09
COAL INDIA PLANS A PRICE HIKE OF 11%
With the state-run CIL mining 84% of the coal produced in the country, an 11% increase will push up inflation by around 0.16%, the company said
L ...
Monday, 17 August 09
BANPU SEES INDONESIAN MINE OUTPUT UP 10 PCT IN 2010
Reuters reported that, Thailand's top coal miner, Banpu, said on Monday it expected coal output from its Indonesian mines to rise 10 percent to abo ...
Monday, 17 August 09
COAL IMPORTS SURGE IN H1
China is one of the world's leading coal producers. But even so, imports of coal have surged in the first half of the year, hitting a record in Jun ...
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- Price Waterhouse Coopers - Russia
- Sarangani Energy Corporation, Philippines
- Marubeni Corporation - India
- Mjunction Services Limited - India
- Simpson Spence & Young - Indonesia
- MS Steel International - UAE
- The State Trading Corporation of India Ltd
- Jorong Barutama Greston.PT - Indonesia
- Dalmia Cement Bharat India
- Heidelberg Cement - Germany
- Jaiprakash Power Ventures ltd
- Electricity Authority, New Zealand
- Indogreen Group - Indonesia
- Central Electricity Authority - India
- CIMB Investment Bank - Malaysia
- Wilmar Investment Holdings
- Videocon Industries ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Georgia Ports Authority, United States
- Coalindo Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Lanco Infratech Ltd - India
- Sakthi Sugars Limited - India
- Attock Cement Pakistan Limited
- Sical Logistics Limited - India
- New Zealand Coal & Carbon
- Eastern Coal Council - USA
- Rio Tinto Coal - Australia
- Toyota Tsusho Corporation, Japan
- Sree Jayajothi Cements Limited - India
- Xindia Steels Limited - India
- Port Waratah Coal Services - Australia
- Asmin Koalindo Tuhup - Indonesia
- Larsen & Toubro Limited - India
- Sindya Power Generating Company Private Ltd
- Savvy Resources Ltd - HongKong
- GVK Power & Infra Limited - India
- Coastal Gujarat Power Limited - India
- Orica Australia Pty. Ltd.
- Central Java Power - Indonesia
- Kumho Petrochemical, South Korea
- Directorate General of MIneral and Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Cement Manufacturers Association - India
- Formosa Plastics Group - Taiwan
- Pendopo Energi Batubara - Indonesia
- PowerSource Philippines DevCo
- Miang Besar Coal Terminal - Indonesia
- Latin American Coal - Colombia
- Sojitz Corporation - Japan
- SMC Global Power, Philippines
- ICICI Bank Limited - India
- Romanian Commodities Exchange
- Indian Oil Corporation Limited
- Kepco SPC Power Corporation, Philippines
- Parliament of New Zealand
- Karaikal Port Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Iligan Light & Power Inc, Philippines
- Economic Council, Georgia
- Straits Asia Resources Limited - Singapore
- Bukit Baiduri Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Australian Coal Association
- Semirara Mining Corp, Philippines
- Anglo American - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Altura Mining Limited, Indonesia
- Siam City Cement PLC, Thailand
- Renaissance Capital - South Africa
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
- Banpu Public Company Limited - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Medco Energi Mining Internasional
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indika Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Makarim & Taira - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bukit Makmur.PT - Indonesia
- Goldman Sachs - Singapore
- Interocean Group of Companies - India
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- Semirara Mining and Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Global Business Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- VISA Power Limited - India
- Ministry of Transport, Egypt
- GN Power Mariveles Coal Plant, Philippines
- Parry Sugars Refinery, India
- Chamber of Mines of South Africa
- European Bulk Services B.V. - Netherlands
- Aboitiz Power Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Grasim Industreis Ltd - India
- Riau Bara Harum - Indonesia
- Thai Mozambique Logistica
- Global Coal Blending Company Limited - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Mines - Canada
- OPG Power Generation Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- San Jose City I Power Corp, Philippines
- Salva Resources Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Essar Steel Hazira Ltd - India
- Trasteel International SA, Italy
- Petrochimia International Co. Ltd.- Taiwan
- Coal and Oil Company - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ind-Barath Power Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Mintek Dendrill Indonesia
- Energy Link Ltd, New Zealand
- TeaM Sual Corporation - Philippines
- Wood Mackenzie - Singapore
- SN Aboitiz Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- The University of Queensland
- ASAPP Information Group - India
- Timah Investasi Mineral - Indoneisa
- Standard Chartered Bank - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- CNBM International Corporation - China
- GAC Shipping (India) Pvt Ltd
- Sinarmas Energy and Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Gujarat Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Bhatia International Limited - India
- PNOC Exploration Corporation - Philippines
- Bhushan Steel Limited - India
- Carbofer General Trading SA - India
- Samtan Co., Ltd - South Korea
- Baramulti Group, Indonesia
- White Energy Company Limited
- Maheswari Brothers Coal Limited - India
- The Treasury - Australian Government
- Kobexindo Tractors - Indoneisa
- PTC India Limited - India
- Ceylon Electricity Board - Sri Lanka
- Gujarat Sidhee Cement - India
- Rashtriya Ispat Nigam Limited - India
- Vizag Seaport Private Limited - India
- Bangladesh Power Developement Board
- Vedanta Resources Plc - India
- Eastern Energy - Thailand
- Krishnapatnam Port Company Ltd. - India
- Therma Luzon, Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Energy Development Corp, Philippines
- Deloitte Consulting - India
- Meralco Power Generation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Commonwealth Bank - Australia
- Bulk Trading Sa - Switzerland
- Power Finance Corporation Ltd., India
- Intertek Mineral Services - Indonesia
- Agrawal Coal Company - India
- Uttam Galva Steels Limited - India
- Posco Energy - South Korea
- Borneo Indobara - Indonesia
- Chettinad Cement Corporation Ltd - India
- Thiess Contractors Indonesia
- Tata Chemicals Ltd - India
- Mercator Lines Limited - India
- Globalindo Alam Lestari - Indonesia
- Bharathi Cement Corporation - India
- Indonesian Coal Mining Association
- Siam City Cement - Thailand
- Independent Power Producers Association of India
- Petron Corporation, Philippines
- Metalloyd Limited - United Kingdom
- GMR Energy Limited - India
- Bayan Resources Tbk. - Indonesia
- London Commodity Brokers - England
- Binh Thuan Hamico - Vietnam
- Malabar Cements Ltd - India
- Singapore Mercantile Exchange
- Mercuria Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Madhucon Powers Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Tamil Nadu electricity Board
- SMG Consultants - Indonesia
- Ministry of Finance - Indonesia
- Africa Commodities Group - South Africa
- Antam Resourcindo - Indonesia
- Aditya Birla Group - India
- Planning Commission, India
- Vijayanagar Sugar Pvt Ltd - India
- Orica Mining Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Edison Trading Spa - Italy
- Kartika Selabumi Mining - Indonesia
- Electricity Generating Authority of Thailand
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Merrill Lynch Commodities Europe
- Maharashtra Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Mineral Development Corp Ltd - India
- South Luzon Thermal Energy Corporation
- Ambuja Cements Ltd - India
- Star Paper Mills Limited - India
- Australian Commodity Traders Exchange
- Neyveli Lignite Corporation Ltd, - India
- McConnell Dowell - Australia
- Oldendorff Carriers - Singapore
- Indian Energy Exchange, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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