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Saturday, 17 April 10
DRY BULK MARKET EDGES HIGHER ON STRONGER DEMAND
.jpg) The dry bulk market managed to inch higher by the end of the week as brokers indicated that stronger cargo demand pushed freight rates that much higher. The Baltic Dry Index move forward to surpass the 3,000-point once again and end the week at 3,009 points. According to Weberseas’ latest weekly report “improving rates are pushing the indices upwards albeit at a steadier pace. All the market indices have finished the week positively with increases between 1-4%” said the report.
It further added that no doubt there is solid demand from China and coupled with the continued congestion around the world's main loading/discharging ports we are seeing a supply/demand imbalance. “Worldwide congestion currently stands at around 31 million deadweight. Australia and Brazil are accounting for about one third of this. At Australia's loading ports there are 5.7 million deadweight of ships waiting (half of which are panamax bulkers with 40 odd of these ships stuck in waiting). The figure is slightly less in Brazil at 4.7 mill deadweight” said Weberseas.
As the talks continue between the Chinese steel mills and the major mining producers (BHP Billiton, Rio Tinto and Vale) more and more of the Chinese importation is done via spot fixtures from other areas with India getting the lion's share. This means that supramax and panamax bulkers are benefiting and presently experiencing strong freight numbers. Panamax bulkers seem to be benefiting the most at the moment from the congestion and we are seeing the BPI standing at a 25% premium over the BCI (4,034 and 3,071 respectively). Both the supramax and panamax segments have also been assisted by the good grain trading volumes.
But brokers remained cautious, as their primary concern is the fact that rising iron ore prices could hurt demand and hit cargo activity. Iron ore prices in Asia were rising throughout the week, continuing a rally that started last month, with high grade ores at their highest since August 2008, Reuters said in a report, adding that China has been buying Indian iron ore, shipped using supramaxes, bolstering rates on the smaller vessel market.
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.
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 $100 would represent a significant discount to current spot prices. "With more stability and increased visibility into iron ore pricing, the dry bulk market can begin to better reflect the stronger environment across the global industrial complex", Nokta said.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Saturday, 14 August 10
INDONESIAN THERMAL COAL PRICES EXPECTED TO MOVE UP IN SEPTEMBER 2010 - CHAIRMAN ICMA
COALspot.com: Indonesian Coal Mining Association is expecting, the Indonesian and international coal prices will increase, and will be reached ...
Thursday, 12 August 10
ETA STAR INDIA PUTS FORWARD COAL MINING PLAN FOR TETE, MOZAMBIQUE, IN 2011
ETA Star India Projects Pvt, which is carrying out coal prospecting and surveying work in the Moatize coal region, in Tete province, will present it ...
Thursday, 12 August 10
SUPRAS WERE FIXED IN THE MID/HIGH TEENS FOR INDO-INDIA TRIPS - FEARNBULK
Handy
Activity is gradually picking up in the Atlantic with more enquiries seen for short period tonnage for the end of August. With the grain sea ...
Thursday, 12 August 10
INDONESIAN COAL PRICE REFERENCE REACHED US$ 94.86 FOR AUGUST 2010 SUPPLIES
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
Wednesday, 11 August 10
BRAZILIAN GIANT VALE LOOKING TO BOOST ITS COAL OUTPUT
BRAZILIAN mining giant Vale is not content with being the world's largest iron ore miner. The miner is banking on ambitious growth plans to see it ...
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- Barasentosa Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
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- Price Waterhouse Coopers - Russia
- Attock Cement Pakistan Limited
- GN Power Mariveles Coal Plant, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Standard Chartered Bank - UAE
- CIMB Investment Bank - Malaysia
- Formosa Plastics Group - Taiwan
- Xindia Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- IEA Clean Coal Centre - UK
- Simpson Spence & Young - Indonesia
- Singapore Mercantile Exchange
- CNBM International Corporation - China
- Orica Mining Services - Indonesia
- Medco Energi Mining Internasional
- Kapuas Tunggal Persada - Indonesia
- New Zealand Coal & Carbon
- Samtan Co., Ltd - South Korea
- ASAPP Information Group - India
- Mintek Dendrill Indonesia
- Africa Commodities Group - South Africa
- Therma Luzon, Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Economic Council, Georgia
- India Bulls Power Limited - India
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- SN Aboitiz Power Inc, Philippines
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- Eastern Coal Council - USA
- Sree Jayajothi Cements Limited - India
- Indonesian Coal Mining Association
- Energy Development Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Wood Mackenzie - Singapore
- Metalloyd Limited - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Indian Energy Exchange, India
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- Carbofer General Trading SA - India
- Kideco Jaya Agung - Indonesia
- Sindya Power Generating Company Private Ltd
- Billiton Holdings Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Toyota Tsusho Corporation, Japan
- Mercator Lines Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Antam Resourcindo - Indonesia
- Banpu Public Company Limited - Thailand
- Planning Commission, India
- Baramulti Group, Indonesia
- Merrill Lynch Commodities Europe
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- Leighton Contractors Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Indogreen Group - Indonesia
- Indika Energy - Indonesia
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- Georgia Ports Authority, United States
- Kobexindo Tractors - Indoneisa
- European Bulk Services B.V. - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chamber of Mines of South Africa
- Posco Energy - South Korea
- Miang Besar Coal Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
- ICICI Bank Limited - India
- Minerals Council of Australia
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- Petrochimia International Co. Ltd.- Taiwan
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- Petron Corporation, Philippines
- Tata Chemicals Ltd - India
- Malabar Cements Ltd - India
- Australian Coal Association
- Independent Power Producers Association of India
- Meenaskhi Energy Private Limited - India
- Power Finance Corporation Ltd., India
- Indian Oil Corporation Limited
- Globalindo Alam Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Borneo Indobara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Makarim & Taira - Indonesia
- Ind-Barath Power Infra Limited - India
- Renaissance Capital - South Africa
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- OPG Power Generation Pvt Ltd - India
- Videocon Industries ltd - India
- The Treasury - Australian Government
- VISA Power Limited - India
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- Coalindo Energy - Indonesia
- Madhucon Powers Ltd - India
- Electricity Authority, New Zealand
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- The University of Queensland
- Ceylon Electricity Board - Sri Lanka
- Uttam Galva Steels Limited - India
- PowerSource Philippines DevCo
- Orica Australia Pty. Ltd.
- Karbindo Abesyapradhi - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Rio Tinto Coal - Australia
- Sojitz Corporation - Japan
- Trasteel International SA, Italy
- SMG Consultants - Indonesia
- Deloitte Consulting - India
- Star Paper Mills Limited - India
- Riau Bara Harum - Indonesia
- Bulk Trading Sa - Switzerland
- LBH Netherlands Bv - Netherlands
- Interocean Group of Companies - India
- Mjunction Services Limited - India
- Ambuja Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Thai Mozambique Logistica
- Coastal Gujarat Power Limited - India
- TeaM Sual Corporation - Philippines
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- Vedanta Resources Plc - India
- Parry Sugars Refinery, India
- Jaiprakash Power Ventures ltd
- Coal and Oil Company - UAE
- Ministry of Mines - Canada
- Rashtriya Ispat Nigam Limited - India
- Ministry of Transport, Egypt
- London Commodity Brokers - England
- Jorong Barutama Greston.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Eastern Energy - Thailand
- Bhushan Steel Limited - India
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Finance - Indonesia
- Essar Steel Hazira Ltd - India
- Global Green Power PLC Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Straits Asia Resources Limited - Singapore
- Parliament of New Zealand
- Global Coal Blending Company Limited - Australia
- McConnell Dowell - Australia
- Binh Thuan Hamico - Vietnam
- Holcim Trading Pte Ltd - Singapore
- PTC India Limited - India
- Gujarat Sidhee Cement - India
- Electricity Generating Authority of Thailand
- Kaltim Prima Coal - Indonesia
- Bharathi Cement Corporation - India
- Sarangani Energy Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- GAC Shipping (India) Pvt Ltd
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhatia International Limited - India
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- Tamil Nadu electricity Board
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- Altura Mining Limited, Indonesia
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- Anglo American - United Kingdom
- Romanian Commodities Exchange
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- Semirara Mining and Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Grasim Industreis Ltd - India
- South Luzon Thermal Energy Corporation
- Larsen & Toubro Limited - India
- Aboitiz Power Corporation - Philippines
- Sakthi Sugars Limited - India
- Cement Manufacturers Association - India
- Commonwealth Bank - Australia
- Lanco Infratech Ltd - India
- Maheswari Brothers Coal Limited - India
- GMR Energy Limited - India
- Sical Logistics Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- White Energy Company Limited
- SMC Global Power, Philippines
- Marubeni Corporation - India
- Chettinad Cement Corporation Ltd - India
- Central Electricity Authority - India
- MS Steel International - UAE
- Directorate Of Revenue Intelligence - India
- Agrawal Coal Company - India
- Meralco Power Generation, Philippines
- Jindal Steel & Power Ltd - India
- Goldman Sachs - Singapore
- Thiess Contractors Indonesia
- Latin American Coal - Colombia
- Cigading International Bulk Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Central Java Power - Indonesia
- Vizag Seaport Private Limited - India
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