We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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 $US150 a tonne for iron ore pellets delivered from Grange's Port Latta facility in Tasmania during the quarter beginning on July 1.
Grange chief executive Russell Clark said in addition to agreeing an interim price, the miner was also discussing a new pricing mechanism with BlueScope.
Source: The Australian / Hellenic Shipping
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Sunday, 18 April 10
GOVT FORMS PANEL FOR RS 12,000-CR (US$ 2.711 BILLION) COAL INDIA IPO - ECONOMIC TIMES
Economic Times reported that, the government has formed an inter-ministerial panel to carry forward the proposed Rs 12,000-crore (US$ 2.711 billion) ...
Sunday, 18 April 10
THE FUTURES FOR THREE YEARS (2010-2012) FOR PANAMAX WAS AT AROUND US$ 21500 PER DAY - VISTAAR
COALspot.com: The BDI indices up by 3.30 pct and overall market continued to be firm except for India to Fareast.
“The cape index for the f ...
Saturday, 17 April 10
DRY BULK SHIPPING MARKET ANALYSIS - BIMCO
Strong Chinese steel market is set to cushion the flood of new Capesize vessels entering the dry bulk fleet Demand: The first quarter of 2010 saw up ...
Saturday, 17 April 10
DRY BULK MARKET EDGES HIGHER ON STRONGER DEMAND
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 hig ...
Friday, 16 April 10
KRISHNAPATNAM PORT IS IRONING ITS WAY INTO RECORD BOOKS
COALspot.com: Krishnapatnam Port achieved a new benchmark by loading 60,021 MT of Iron Ore fines in just 24 hrs surpassing its previous record of 54 ...
|
|
|
Showing 5876 to 5880 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- CIMB Investment Bank - Malaysia
- Intertek Mineral Services - Indonesia
- Indian Oil Corporation Limited
- Vizag Seaport Private Limited - India
- Energy Development Corp, Philippines
- Bharathi Cement Corporation - India
- The University of Queensland
- Altura Mining Limited, Indonesia
- Wilmar Investment Holdings
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- MS Steel International - UAE
- Coastal Gujarat Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Parry Sugars Refinery, India
- Central Java Power - Indonesia
- Mintek Dendrill Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Thai Mozambique Logistica
- Independent Power Producers Association of India
- Pendopo Energi Batubara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Ambuja Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- Trasteel International SA, Italy
- Barasentosa Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Merrill Lynch Commodities Europe
- ICICI Bank Limited - India
- Lanco Infratech Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- Petron Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Rio Tinto Coal - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Miang Besar Coal Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Mercuria Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- PetroVietnam Power Coal Import and Supply Company
- SMC Global Power, Philippines
- Medco Energi Mining Internasional
- Wood Mackenzie - Singapore
- Makarim & Taira - Indonesia
- McConnell Dowell - Australia
- Kumho Petrochemical, South Korea
- European Bulk Services B.V. - Netherlands
- White Energy Company Limited
- Ministry of Finance - Indonesia
- Sree Jayajothi Cements Limited - India
- Borneo Indobara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Baramulti Group, Indonesia
- Global Business Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Grasim Industreis Ltd - India
- Australian Commodity Traders Exchange
- GMR Energy Limited - India
- Meenaskhi Energy Private Limited - India
- International Coal Ventures Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Sarangani Energy Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Electricity Generating Authority of Thailand
- SN Aboitiz Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ASAPP Information Group - India
- Global Coal Blending Company Limited - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GVK Power & Infra Limited - India
- Parliament of New Zealand
- London Commodity Brokers - England
- GN Power Mariveles Coal Plant, Philippines
- Meralco Power Generation, Philippines
- Posco Energy - South Korea
- Manunggal Multi Energi - Indonesia
- India Bulls Power Limited - India
- Bukit Makmur.PT - Indonesia
- Anglo American - United Kingdom
- Bhoruka Overseas - Indonesia
- Videocon Industries ltd - India
- Indika Energy - Indonesia
- Economic Council, Georgia
- Riau Bara Harum - Indonesia
- Planning Commission, India
- Xindia Steels Limited - India
- Australian Coal Association
- Central Electricity Authority - India
- Carbofer General Trading SA - India
- VISA Power Limited - India
- Gujarat Sidhee Cement - India
- Chamber of Mines of South Africa
- Ceylon Electricity Board - Sri Lanka
- PNOC Exploration Corporation - Philippines
- Orica Australia Pty. Ltd.
- Kaltim Prima Coal - Indonesia
- Siam City Cement - Thailand
- Bhatia International Limited - India
- Jindal Steel & Power Ltd - India
- Price Waterhouse Coopers - Russia
- Directorate General of MIneral and Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Goldman Sachs - Singapore
- Samtan Co., Ltd - South Korea
- Semirara Mining Corp, Philippines
- Dalmia Cement Bharat India
- Indo Tambangraya Megah - Indonesia
- Sindya Power Generating Company Private Ltd
- The Treasury - Australian Government
- Tamil Nadu electricity Board
- PTC India Limited - India
- Romanian Commodities Exchange
- OPG Power Generation Pvt Ltd - India
- Ministry of Transport, Egypt
- Global Green Power PLC Corporation, Philippines
- Bhushan Steel Limited - India
- Eastern Coal Council - USA
- Electricity Authority, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Larsen & Toubro Limited - India
- Standard Chartered Bank - UAE
- Aboitiz Power Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Agrawal Coal Company - India
- Indonesian Coal Mining Association
- Malabar Cements Ltd - India
- Coal and Oil Company - UAE
- Rashtriya Ispat Nigam Limited - India
- Jaiprakash Power Ventures ltd
- Ind-Barath Power Infra Limited - India
- Savvy Resources Ltd - HongKong
- Edison Trading Spa - Italy
- Renaissance Capital - South Africa
- Cement Manufacturers Association - India
- Simpson Spence & Young - Indonesia
- Kartika Selabumi Mining - Indonesia
- Georgia Ports Authority, United States
- Eastern Energy - Thailand
- Kideco Jaya Agung - Indonesia
- Minerals Council of Australia
- Antam Resourcindo - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Deloitte Consulting - India
- Aditya Birla Group - India
- South Luzon Thermal Energy Corporation
- Indogreen Group - Indonesia
- Binh Thuan Hamico - Vietnam
- Essar Steel Hazira Ltd - India
- Sakthi Sugars Limited - India
- Bangladesh Power Developement Board
- Karaikal Port Pvt Ltd - India
- Attock Cement Pakistan Limited
- Semirara Mining and Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Siam City Cement PLC, Thailand
- Orica Mining Services - Indonesia
- Indian Energy Exchange, India
- Heidelberg Cement - Germany
- Kobexindo Tractors - Indoneisa
- SMG Consultants - Indonesia
- Chettinad Cement Corporation Ltd - India
- TeaM Sual Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Marubeni Corporation - India
- Formosa Plastics Group - Taiwan
- Toyota Tsusho Corporation, Japan
- Sical Logistics Limited - India
- Kapuas Tunggal Persada - Indonesia
- PowerSource Philippines DevCo
- The State Trading Corporation of India Ltd
- Gujarat Mineral Development Corp Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Vedanta Resources Plc - India
- Latin American Coal - Colombia
- IHS Mccloskey Coal Group - USA
- Thiess Contractors Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Madhucon Powers Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kepco SPC Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- TNB Fuel Sdn Bhd - Malaysia
- Africa Commodities Group - South Africa
- Star Paper Mills Limited - India
- Interocean Group of Companies - India
- Power Finance Corporation Ltd., India
- CNBM International Corporation - China
- Bukit Baiduri Energy - Indonesia
- Tata Chemicals Ltd - India
- Coalindo Energy - Indonesia
- Port Waratah Coal Services - Australia
- Sinarmas Energy and Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- New Zealand Coal & Carbon
- Mercator Lines Limited - India
- Uttam Galva Steels Limited - India
- Sojitz Corporation - Japan
|
| |
| |
|
