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Monday, 20 September 10
IRON-ORE SHIPPING DEMAND MAY GAIN ONCE CHINA STEEL CUTS FINISH, SSY SAYS
Demand to transport iron ore may rebound once China ends steel-production cuts and steel prices may gain in the next several months because of the reduced supply, according to SSY Consultancy & Research Ltd., a unit of the world’s second-largest shipbroker. Output cuts by China, the world’s largest steelmaker, will probably continue to the year’s end because of limited power supplies for mills, the nation’s Ministry of Industry and Information Technology said Sept. 15. The reductions are aimed at meeting energy-efficiency targets.
“The resulting widening in steelmaker margins would encourage further production within China once restrictions are lifted and support output in the rest of the world,” SSY Consultancy & Research Ltd. said in a report. Still, the cuts have “unsettled” shipowners’ confidence about immediate demand, it said as the Baltic Dry Index slid for a fifth day.
The index, a gauge of overall measure of commodity shipping costs, slumped 11 percent this week, the most in 10 weeks, according to the London-based Baltic Exchange. Today it fell 61 points, or 2.2 percent, to 2,676 points. Chinese iron-ore purchasing may rise once the restrictions are lifted, SSY Consultancy said.
Daily hire rates for capesize-class ships that typically deliver iron ore, the main steelmaking ingredient, declined 18 percent this week, the biggest slump in nine weeks, according to the Baltic Exchange. Rents dropped 4.3 percent to $33,812 today, leading declines among the four vessel types tracked by the bourse.
Charter costs for smaller panamaxes that also haul coal and grains fell 1.9 percent to $23,525 a day today and supramaxes lost 0.8 percent to $21,041. Handysizes were little changed at $15,964 a day.
SSY Consultancy is a unit of London-based Simpson Spence & Young Ltd.
Source: Alaric Nightingale, Bloomberg,Hellenic Shipping
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Saturday, 20 June 09
MINING LICENSE PROCEDURES `PROPER' - (UPDATE 3)
All 13 coal mining firms operating in Sawahlunto, West Sumatra, complied with procedures in obtaining their licenses, authorities say, as a recent m ...
Saturday, 20 June 09
TECK SEES 2009 COAL SALES AT UPPER-END OF FORECAST
* Sees 2009 coal sales at upper-end it of prior forecast
* Says increased Chinese demand, driving brighter outlook
Teck Resources Ltd said on Fr ...
Saturday, 20 June 09
COAL OUTLOOK DARKENS AS PRODUCERS LOOK FOR PRICING FLEXIBILITY
Russia’s coal output has dropped 17% in the first quarter of the year, with slowing demand and rising tariffs adding gloom to the outlook for ...
Saturday, 20 June 09
AUSTRALIA'S NEWCASTLE THERMAL COAL PRICES FALL 7.7% TO $70.81
Power station coal prices at Australia’s Newcastle port, a benchmark for Asia, fell 7.7 percent, declining for the first time since the week e ...
Saturday, 20 June 09
CHINA'S COAL IMPORTS UP AND EXPORTS DOWN
China’s coal import hit a new monthly high in May, while coal export slumped to a 11-year low, China Securities Journal reported today.
The ...
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- ASAPP Information Group - India
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- Makarim & Taira - Indonesia
- Petron Corporation, Philippines
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- The Treasury - Australian Government
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- Vizag Seaport Private Limited - India
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- Global Coal Blending Company Limited - Australia
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- IHS Mccloskey Coal Group - USA
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- Banpu Public Company Limited - Thailand
- Eastern Coal Council - USA
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- MS Steel International - UAE
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- The University of Queensland
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- Goldman Sachs - Singapore
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- Salva Resources Pvt Ltd - India
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- Indian Oil Corporation Limited
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- Kohat Cement Company Ltd. - Pakistan
- Aditya Birla Group - India
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- Jorong Barutama Greston.PT - Indonesia
- Cement Manufacturers Association - India
- San Jose City I Power Corp, Philippines
- Ministry of Mines - Canada
- Price Waterhouse Coopers - Russia
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- Merrill Lynch Commodities Europe
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- Samtan Co., Ltd - South Korea
- Port Waratah Coal Services - Australia
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- Central Electricity Authority - India
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- White Energy Company Limited
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- Siam City Cement - Thailand
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- Bangladesh Power Developement Board
- Economic Council, Georgia
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- Straits Asia Resources Limited - Singapore
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- Chettinad Cement Corporation Ltd - India
- Bukit Makmur.PT - Indonesia
- Indonesian Coal Mining Association
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate General of MIneral and Coal - Indonesia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Dalmia Cement Bharat India
- Electricity Authority, New Zealand
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- Ministry of Finance - Indonesia
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- LBH Netherlands Bv - Netherlands
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- Altura Mining Limited, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Singapore Mercantile Exchange
- Metalloyd Limited - United Kingdom
- Thiess Contractors Indonesia
- Gujarat Sidhee Cement - India
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- Bayan Resources Tbk. - Indonesia
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- Parliament of New Zealand
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