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Thursday, 15 July 10
IRON ORE PRICING MECHANISMS PUT ON THE SPOT
 THE new iron ore pricing mechanisms that killed off the annual benchmark system are coming under pressure. The spot price of the steel feed has fallen more than 20 per cent on weakening Chinese demand. Goldman Sachs analyst Malcolm Southwood said Chinese buyers have been largely absent from the spot market for almost a month and show no immediate inclination to return while sentiment remains weak.
He said the economic powerhouse continues to shun offers as it expects prices to keep falling.
"With spot iron ore trading at a discount of more than 20 per cent to the implied third quarter contract price, the new quarterly pricing mechanism is clearly under duress," he said.
"Our own view is that quarterly pricing based on a trailing average index may prove to be too cumbersome, and monthly price resets could ultimately be a more palatable mechanism for both buyers and sellers."
The top three global iron ore producers, Brazil's Vale, Rio Tinto and BHP Billiton, all pushed their customers off the annual benchmark on to quarterly indexed-based contracts.
Mr Southwood said while the investment bank continued to forecast a supply-constrained seaborne market in 2011, market participants remain focused on the near term, which he said was increasingly difficult to construct a "positive fundamentally driven price view".
"With seasonal factors also depressing demand, we see little prospect of a sustained improvement in market conditions during July-August," he said.
Macquarie's London-based analysts said Chinese mills had been running down their on-site inventory as sentiment turned sour.
"In our opinion, there is no obvious catalyst to arrest the current fall in the spot price, and we expect it to drift lower over the next month," Macquarie's team said in a report.
A drop in the spot price came as magnetite producer Grange Resources secured a 107 per cent jump in the annual iron ore pellet benchmark price in a sales deal with BlueScope Steel.
Grange announced yesterday BlueScope would pay $US150 a tonne for iron ore pellets delivered from Grange's Port Latta facility in Tasmania during the quarter beginning on July 1.
Grange chief executive Russell Clark said in addition to agreeing an interim price, the miner was also discussing a new pricing mechanism with BlueScope.
Source: The Australian / Hellenic Shipping
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Tuesday, 20 July 10
CHURCHILL PLANNING TO PRODUCE 35 MILLION TONNES PER ANNUM FROM ITS EAST KUTAI COAL PROJECT
According to Churchill's website, the East Kutai Coal Project is a world-class thermal coal deposit, with a JORC Mining Reserve of 961 milli ...
Tuesday, 20 July 10
DRY BULK SHIPPING MARKET FINDING SOME SUPPORT, AS OWNERS TAKE CAPE SIZES OFF THE MARKET
With the Baltic Dry Index finally having reached bottom, at least according to market analysts, the dry bulk industry is looking to begin its long r ...
Monday, 19 July 10
INDONESIA EXPORTS 24.49 MILLION TONNES OF COAL IN JUNE 2010
COALspot.com: Indonesia, the world largest coal exporter, exported 141.249 million tons of coal in the first half of this year. In June 2010, Indone ...
Monday, 19 July 10
CHINA ONCE AGAIN DOMINATING SHIPPING FREIGHT RATES, WHILE OVERSUPPLY OF TONNAGE RAISES CONCERN
The ending of the week brought a cheerful note among dry bulk ship owners, as the sinking benchmark of the industry, the Baltic Dry Index (BDI) fina ...
Saturday, 17 July 10
THE DRY BULK MARKET CONTINUED THE DOWNWARD TREND - VISTAAR
COALspot.com: The indices continued the downward trend this week also with BDI at 1,720 points and cape size index at 1676 points and the charter ra ...
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Showing 5716 to 5720 news of total 6871 |
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- Binh Thuan Hamico - Vietnam
- Miang Besar Coal Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- The Treasury - Australian Government
- Parliament of New Zealand
- PNOC Exploration Corporation - Philippines
- Georgia Ports Authority, United States
- Directorate General of MIneral and Coal - Indonesia
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- Semirara Mining Corp, Philippines
- Romanian Commodities Exchange
- Karaikal Port Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Mercator Lines Limited - India
- Bhatia International Limited - India
- Coal and Oil Company - UAE
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Savvy Resources Ltd - HongKong
- Banpu Public Company Limited - Thailand
- Ceylon Electricity Board - Sri Lanka
- Kartika Selabumi Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- OPG Power Generation Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Madhucon Powers Ltd - India
- Sical Logistics Limited - India
- Tamil Nadu electricity Board
- Riau Bara Harum - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- The State Trading Corporation of India Ltd
- Eastern Energy - Thailand
- Siam City Cement PLC, Thailand
- Kideco Jaya Agung - Indonesia
- Carbofer General Trading SA - India
- Meenaskhi Energy Private Limited - India
- Makarim & Taira - Indonesia
- India Bulls Power Limited - India
- The University of Queensland
- Kapuas Tunggal Persada - Indonesia
- Cement Manufacturers Association - India
- Mintek Dendrill Indonesia
- Africa Commodities Group - South Africa
- Global Green Power PLC Corporation, Philippines
- Kumho Petrochemical, South Korea
- Maharashtra Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Ministry of Mines - Canada
- Jorong Barutama Greston.PT - Indonesia
- Vedanta Resources Plc - India
- Uttam Galva Steels Limited - India
- LBH Netherlands Bv - Netherlands
- TeaM Sual Corporation - Philippines
- Agrawal Coal Company - India
- Bahari Cakrawala Sebuku - Indonesia
- New Zealand Coal & Carbon
- Kepco SPC Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Price Waterhouse Coopers - Russia
- GAC Shipping (India) Pvt Ltd
- Kaltim Prima Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Mjunction Services Limited - India
- Therma Luzon, Inc, Philippines
- McConnell Dowell - Australia
- Global Business Power Corporation, Philippines
- Posco Energy - South Korea
- Timah Investasi Mineral - Indoneisa
- Siam City Cement - Thailand
- SN Aboitiz Power Inc, Philippines
- Grasim Industreis Ltd - India
- Eastern Coal Council - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Ind-Barath Power Infra Limited - India
- CIMB Investment Bank - Malaysia
- European Bulk Services B.V. - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Aboitiz Power Corporation - Philippines
- ICICI Bank Limited - India
- Australian Coal Association
- Cigading International Bulk Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Economic Council, Georgia
- Lanco Infratech Ltd - India
- Indonesian Coal Mining Association
- CNBM International Corporation - China
- Bangladesh Power Developement Board
- Trasteel International SA, Italy
- Baramulti Group, Indonesia
- Port Waratah Coal Services - Australia
- Altura Mining Limited, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- London Commodity Brokers - England
- Energy Development Corp, Philippines
- Electricity Generating Authority of Thailand
- Indo Tambangraya Megah - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Independent Power Producers Association of India
- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
- Larsen & Toubro Limited - India
- Toyota Tsusho Corporation, Japan
- Planning Commission, India
- Rashtriya Ispat Nigam Limited - India
- Gujarat Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Videocon Industries ltd - India
- Alfred C Toepfer International GmbH - Germany
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Metalloyd Limited - United Kingdom
- Bhoruka Overseas - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Interocean Group of Companies - India
- Thai Mozambique Logistica
- Sarangani Energy Corporation, Philippines
- Commonwealth Bank - Australia
- Aditya Birla Group - India
- Kobexindo Tractors - Indoneisa
- Latin American Coal - Colombia
- Parry Sugars Refinery, India
- Simpson Spence & Young - Indonesia
- Minerals Council of Australia
- Barasentosa Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- San Jose City I Power Corp, Philippines
- Standard Chartered Bank - UAE
- MS Steel International - UAE
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- GVK Power & Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Authority, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Indika Energy - Indonesia
- Rio Tinto Coal - Australia
- Chamber of Mines of South Africa
- Wilmar Investment Holdings
- White Energy Company Limited
- Singapore Mercantile Exchange
- Bhushan Steel Limited - India
- Directorate Of Revenue Intelligence - India
- Wood Mackenzie - Singapore
- SMG Consultants - Indonesia
- Ministry of Finance - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Edison Trading Spa - Italy
- Jaiprakash Power Ventures ltd
- Marubeni Corporation - India
- Orica Mining Services - Indonesia
- Meralco Power Generation, Philippines
- Mercuria Energy - Indonesia
- Sojitz Corporation - Japan
- Vizag Seaport Private Limited - India
- Malabar Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Ambuja Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Tata Chemicals Ltd - India
- International Coal Ventures Pvt Ltd - India
- Australian Commodity Traders Exchange
- Krishnapatnam Port Company Ltd. - India
- Kohat Cement Company Ltd. - Pakistan
- Essar Steel Hazira Ltd - India
- Coalindo Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
- Deloitte Consulting - India
- Leighton Contractors Pty Ltd - Australia
- VISA Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Indian Oil Corporation Limited
- Indogreen Group - Indonesia
- Orica Australia Pty. Ltd.
- Indian Energy Exchange, India
- Attock Cement Pakistan Limited
- Central Java Power - Indonesia
- Oldendorff Carriers - Singapore
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Chettinad Cement Corporation Ltd - India
- Bharathi Cement Corporation - India
- GMR Energy Limited - India
- Borneo Indobara - Indonesia
- PowerSource Philippines DevCo
- Sakthi Sugars Limited - India
- Straits Asia Resources Limited - Singapore
- Heidelberg Cement - Germany
- Antam Resourcindo - Indonesia
- ASAPP Information Group - India
- GN Power Mariveles Coal Plant, Philippines
- Central Electricity Authority - India
- Iligan Light & Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- South Luzon Thermal Energy Corporation
- Dalmia Cement Bharat India
- Thiess Contractors Indonesia
- Star Paper Mills Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Global Coal Blending Company Limited - Australia
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