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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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Thursday, 12 March 09
ANALYSIS-FIRST NEW JAPAN COAL DEAL MAY NOT SET BENCHMARK - FOREXPROS.COM
* Informal coal-deal practice may come to an end this year
* Buyers expected to ask for a discount
* Biggest losers may be Chinese coal suppli ...
Thursday, 12 March 09
DEPARTMENT RECEIVES REPORT FROM GEOLOGICAL BODY AND NEDO - ESDM
The Geological Body of the Department of Energy and Mineral Resources have presented their Joint Study on Evaluation of Coal Resources and Reserves ...
Wednesday, 11 March 09
TENAGA SHARES CLIMB AS LOWER COAL PRICES CUT COSTS - BLOOMBERG
Bloomberg reported that, Tenaga Nasional Bhd., Malaysia’s state-controlled utility, climbed the most in a month in Kuala Lumpur trading as coal ...
Wednesday, 11 March 09
POSCO WINS 63% CUT IN PULVERIZED COAL PRICES, MACQUARIE SAYS - BLOOMBERG
Bloomberg reported that, Posco, Asia’s third-biggest steelmaker, has settled the first pulverized coal contracts for 2009 at $90 a metric ton ...
Wednesday, 11 March 09
COAL EXPORTERS FEEL THE CHILL FROM ASIAN DOWNTURN -BUSINESS.SMH.COM
Business.smh.com reproted that, The demand for thermal coal - NSW's most valuable export - has begun to reduce dramatically in response to the need ...
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- Jorong Barutama Greston.PT - Indonesia
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- Goldman Sachs - Singapore
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- Ministry of Transport, Egypt
- PNOC Exploration Corporation - Philippines
- Port Waratah Coal Services - Australia
- Straits Asia Resources Limited - Singapore
- Aboitiz Power Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Indian Oil Corporation Limited
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- Thiess Contractors Indonesia
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- Global Business Power Corporation, Philippines
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- Neyveli Lignite Corporation Ltd, - India
- Georgia Ports Authority, United States
- Bukit Makmur.PT - Indonesia
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- Kepco SPC Power Corporation, Philippines
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- Sree Jayajothi Cements Limited - India
- Wood Mackenzie - Singapore
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- South Luzon Thermal Energy Corporation
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- Mjunction Services Limited - India
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- Planning Commission, India
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- Chettinad Cement Corporation Ltd - India
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- Tamil Nadu electricity Board
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- Kaltim Prima Coal - Indonesia
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- European Bulk Services B.V. - Netherlands
- Coalindo Energy - Indonesia
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- Carbofer General Trading SA - India
- Ministry of Mines - Canada
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- Merrill Lynch Commodities Europe
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- Standard Chartered Bank - UAE
- Alfred C Toepfer International GmbH - Germany
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- Indika Energy - Indonesia
- Chamber of Mines of South Africa
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- Attock Cement Pakistan Limited
- Ministry of Finance - Indonesia
- Dalmia Cement Bharat India
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
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- Star Paper Mills Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kobexindo Tractors - Indoneisa
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- Bukit Baiduri Energy - Indonesia
- MS Steel International - UAE
- Kumho Petrochemical, South Korea
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- Heidelberg Cement - Germany
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- Jaiprakash Power Ventures ltd
- SN Aboitiz Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Banpu Public Company Limited - Thailand
- Formosa Plastics Group - Taiwan
- Sinarmas Energy and Mining - Indonesia
- Vizag Seaport Private Limited - India
- Sarangani Energy Corporation, Philippines
- Mintek Dendrill Indonesia
- Bhoruka Overseas - Indonesia
- Semirara Mining Corp, Philippines
- Energy Link Ltd, New Zealand
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- Semirara Mining and Power Corporation, Philippines
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- Orica Australia Pty. Ltd.
- Anglo American - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Bayan Resources Tbk. - Indonesia
- Essar Steel Hazira Ltd - India
- ICICI Bank Limited - India
- Cement Manufacturers Association - India
- Timah Investasi Mineral - Indoneisa
- Indian Energy Exchange, India
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- San Jose City I Power Corp, Philippines
- Vedanta Resources Plc - India
- Bhatia International Limited - India
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- GN Power Mariveles Coal Plant, Philippines
- Minerals Council of Australia
- Deloitte Consulting - India
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- Xindia Steels Limited - India
- Sakthi Sugars Limited - India
- CNBM International Corporation - China
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- Meralco Power Generation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Simpson Spence & Young - Indonesia
- Global Green Power PLC Corporation, Philippines
- Jindal Steel & Power Ltd - India
- McConnell Dowell - Australia
- Bahari Cakrawala Sebuku - Indonesia
- New Zealand Coal & Carbon
- Australian Coal Association
- GVK Power & Infra Limited - India
- Electricity Authority, New Zealand
- Medco Energi Mining Internasional
- PowerSource Philippines DevCo
- Electricity Generating Authority of Thailand
- Rio Tinto Coal - Australia
- Oldendorff Carriers - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Commonwealth Bank - Australia
- Bulk Trading Sa - Switzerland
- Economic Council, Georgia
- Globalindo Alam Lestari - Indonesia
- Ambuja Cements Ltd - India
- ASAPP Information Group - India
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- Renaissance Capital - South Africa
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- Central Electricity Authority - India
- Baramulti Group, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Independent Power Producers Association of India
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- PetroVietnam Power Coal Import and Supply Company
- Riau Bara Harum - Indonesia
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- Samtan Co., Ltd - South Korea
- Therma Luzon, Inc, Philippines
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- GAC Shipping (India) Pvt Ltd
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- Posco Energy - South Korea
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- India Bulls Power Limited - India
- Manunggal Multi Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Toyota Tsusho Corporation, Japan
- Central Java Power - Indonesia
- Parliament of New Zealand
- Siam City Cement - Thailand
- Videocon Industries ltd - India
- OPG Power Generation Pvt Ltd - India
- The State Trading Corporation of India Ltd
- IEA Clean Coal Centre - UK
- IHS Mccloskey Coal Group - USA
- Intertek Mineral Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Maharashtra Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
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- CIMB Investment Bank - Malaysia
- Orica Mining Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
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- AsiaOL BioFuels Corp., Philippines
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