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Wednesday, 29 June 11
ANOTHER STRONG PERFORMANCE BY CAPESIZE - BRS
 Another strong performance by the Capesize market this week, bringing the BCI up 8% to 1,974 points. However the Panamax market was penalised, losing 8% to 1,764. There was little change for the smaller sizes, with the Supras flat at 1,322 and the Handysizes coming off slightly by 1.5% to fall to 721. In the steel markets, markets recorded a drop in global crude steel production in May of 1%, the first fall in three months. Declines in China were the main driver, and production is expected to slow further in the third quarter due to the country’s energy shortages. However with an annualized production rate of around 710m tonnes, output still remains significantly higher than last year’s 626m tonnes. Meanwhile in Europe, it was confirmed European buyers are now maintaining lower inventories in the wake of the financial crisis. Prior to 2007, inventory volumes were typically equivalent to 90 days of sales, but have now fallen closer to 60 days.
Capesize
A busy period in the Atlantic and Australia saw a second week of rate rises for the Capes: the BCI rose 8% to 1,974 points, while the 4TC rose to US$11,571 by week end. This 8% increase was replicated on both the Atlantic routes and Pacific and Bolivar-East Med rose to $13.50, while Hedland-Qingdao rose to $8.45. It was much quieter out of Brazil and rates rose more modestly there to around $20.50. In the FFA market, paper rates also rose with the physical market and by Friday close, Q3 and Q4 were trading at $10,808 and $11,808 respectively.
Panamax
The Panamax 4TC average went down by US$1,200/day closing the week at US$14,125/day underlying a quietness in all basins. East of Suez, the Indian ocean was still impacted by the monsoon and kept quiet and flat: Panamax out of WCi to China were paying $ 12/12.5 pmt. The Iron ore price market decreased this week on the back of a seasonal quiet Q3 and on very important iron ore stock pile at main Chinese ports. The nopac route went down by more than US$ 2,000/day with ships getting fixed at US$11,500/day. In the Atlantic, the tightness of tonnage was still supporting the market and we notices a drop of only US$1,000/day Friday to Friday. The USG was still active on coal export and the ECSA with grain mainly for trip out, paying still healthy number (mid 20’s + 550bb). On the period front the market was very quiet. The short period round for a LME dely Nchina redel WW was paying low 14’s pday.
Supramax/Handy
The Baltic Supramax Index went up by only 1 point to finish at 1,320 points last week, while the average of the time charter routes stayed steady to finish at US$13,800 per day. The market was active in both Atlantic and Pacific basins. In the Atlantic, Supramax tct from the USG to skaw/passero was getting fixed in the high US$20,000 daily delivery USG. Grain and sugar were still pushing hard in ecsa. Supramax were fixed for trip out at rate in the very low US$20,000’s daily dely Wafr region. TARV was showing rates in the high teens. In the Pacific, rates remained flat in the Far East/sS.E.Asia region, where levels are standing in betwteen US$8 and 10,000’s daily. Vessel s were getting fixed in the low teens on t/c basis Indonesia to India. One can see a general trend on vessels opening in India with owners still preferring to fix rbct coal and ECSA business back to the far east. On the smaller sizes, the Baltic Handysize index went down by 15 points to finish at 719 points with the time charter routes losing US$200 to reach US$10,700 daily. The Atlantic is firmer than the Pacific and the TARV is worth US$12,000/day today, whereas the Pacific round voyage is worth US$9/10,000 daily. On the period front, a large 57k dwt recently built fixed for 3/5 months trading delivery feast at US$13,500 daily with worldwide redelivery.
Source: BARRY ROGLIANO SALLES
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Thursday, 14 October 10
COAL PRICES AT QINHUANGDAO PORT UP - CAPITALVUE
Capitalvue reported that, prices of steam coal yielding 5,500 kilocalories per kilogram (kcal/kg) in Qinhuangdao Port have risen five yuan to 715-72 ...
Thursday, 14 October 10
DRY BULK MARKET MAINTAINS POSITIVE TREND ON FIRMER CHINESE IRON ORE DEMAND
The dry bulk market has kept its upward trend set since last week, with the industry’s main benchmark, the Baltic Dry Index (BDI) rising to 2, ...
Tuesday, 12 October 10
DRY BULK MARKET LOOKING FOR DIRECTION AFTER WEEK OF CAPESIZE GROWTH
The dry bulk market ended Monday unchanged from Friday’s closing, today standing at 2,695 points. In summary, the capesize and the supramax se ...
Tuesday, 12 October 10
COAL SPOT TRADING MAY SOOTH PRICING CONFLICTS - GLOBAL TIMES
Global Times reported that, Tianjin-based Bohai Commodity Exchange launched steam coal for spot trading for the first time Monday. Steam coal is mai ...
Monday, 11 October 10
INDONESIAN POWER PLANTS AND OTHER INDUSTRIES TO BURN 78.97 MLN TONS OF COAL IN 2011
COALspot.com: The Minister of Energy and Mineral Resources of Indonesia has issued a ministerial degree 2360 K/30/MEM/ 2010 related to Domestic mark ...
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- Therma Luzon, Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Economic Council, Georgia
- Ambuja Cements Ltd - India
- Petron Corporation, Philippines
- Heidelberg Cement - Germany
- Electricity Generating Authority of Thailand
- Banpu Public Company Limited - Thailand
- Makarim & Taira - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GVK Power & Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Oldendorff Carriers - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Sree Jayajothi Cements Limited - India
- Chettinad Cement Corporation Ltd - India
- Australian Coal Association
- Globalindo Alam Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- GN Power Mariveles Coal Plant, Philippines
- Goldman Sachs - Singapore
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
- Barasentosa Lestari - Indonesia
- Central Electricity Authority - India
- Meralco Power Generation, Philippines
- PNOC Exploration Corporation - Philippines
- Aditya Birla Group - India
- VISA Power Limited - India
- Sakthi Sugars Limited - India
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Africa Commodities Group - South Africa
- Thai Mozambique Logistica
- Manunggal Multi Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sojitz Corporation - Japan
- Vijayanagar Sugar Pvt Ltd - India
- Indonesian Coal Mining Association
- Mercuria Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- SMC Global Power, Philippines
- Global Business Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- Medco Energi Mining Internasional
- Bukit Asam (Persero) Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Sarangani Energy Corporation, Philippines
- Lanco Infratech Ltd - India
- Videocon Industries ltd - India
- Parry Sugars Refinery, India
- Jaiprakash Power Ventures ltd
- Cigading International Bulk Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- London Commodity Brokers - England
- IEA Clean Coal Centre - UK
- Bangladesh Power Developement Board
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Attock Cement Pakistan Limited
- Star Paper Mills Limited - India
- Tamil Nadu electricity Board
- Kalimantan Lumbung Energi - Indonesia
- Posco Energy - South Korea
- Aboitiz Power Corporation - Philippines
- Georgia Ports Authority, United States
- Trasteel International SA, Italy
- Wood Mackenzie - Singapore
- Bhatia International Limited - India
- International Coal Ventures Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Cement Manufacturers Association - India
- Indogreen Group - Indonesia
- Samtan Co., Ltd - South Korea
- Siam City Cement PLC, Thailand
- San Jose City I Power Corp, Philippines
- Coalindo Energy - Indonesia
- Planning Commission, India
- Romanian Commodities Exchange
- Directorate General of MIneral and Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Price Waterhouse Coopers - Russia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coastal Gujarat Power Limited - India
- Bulk Trading Sa - Switzerland
- Riau Bara Harum - Indonesia
- Eastern Energy - Thailand
- LBH Netherlands Bv - Netherlands
- Energy Link Ltd, New Zealand
- Mercator Lines Limited - India
- Independent Power Producers Association of India
- Kohat Cement Company Ltd. - Pakistan
- Indo Tambangraya Megah - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Latin American Coal - Colombia
- Gujarat Sidhee Cement - India
- Tata Chemicals Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Larsen & Toubro Limited - India
- Gujarat Mineral Development Corp Ltd - India
- PowerSource Philippines DevCo
- Rashtriya Ispat Nigam Limited - India
- Dalmia Cement Bharat India
- Simpson Spence & Young - Indonesia
- Power Finance Corporation Ltd., India
- Directorate Of Revenue Intelligence - India
- Altura Mining Limited, Indonesia
- Maheswari Brothers Coal Limited - India
- Agrawal Coal Company - India
- ICICI Bank Limited - India
- Deloitte Consulting - India
- Commonwealth Bank - Australia
- White Energy Company Limited
- SMG Consultants - Indonesia
- Marubeni Corporation - India
- CNBM International Corporation - China
- The State Trading Corporation of India Ltd
- Mjunction Services Limited - India
- Kumho Petrochemical, South Korea
- Siam City Cement - Thailand
- ASAPP Information Group - India
- Savvy Resources Ltd - HongKong
- GMR Energy Limited - India
- Uttam Galva Steels Limited - India
- Thiess Contractors Indonesia
- The Treasury - Australian Government
- Baramulti Group, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Standard Chartered Bank - UAE
- Maharashtra Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Wilmar Investment Holdings
- Sical Logistics Limited - India
- Jindal Steel & Power Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Coal and Oil Company - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Edison Trading Spa - Italy
- Bharathi Cement Corporation - India
- Indian Energy Exchange, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Malabar Cements Ltd - India
- Rio Tinto Coal - Australia
- Parliament of New Zealand
- Borneo Indobara - Indonesia
- Bhushan Steel Limited - India
- Electricity Authority, New Zealand
- McConnell Dowell - Australia
- The University of Queensland
- Alfred C Toepfer International GmbH - Germany
- Bhoruka Overseas - Indonesia
- Minerals Council of Australia
- Sindya Power Generating Company Private Ltd
- MS Steel International - UAE
- Renaissance Capital - South Africa
- Salva Resources Pvt Ltd - India
- Eastern Coal Council - USA
- Chamber of Mines of South Africa
- Vedanta Resources Plc - India
- Xindia Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Indian Oil Corporation Limited
- Mintek Dendrill Indonesia
- Kideco Jaya Agung - Indonesia
- Kobexindo Tractors - Indoneisa
- Antam Resourcindo - Indonesia
- Central Java Power - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Transport, Egypt
- European Bulk Services B.V. - Netherlands
- Energy Development Corp, Philippines
- Vizag Seaport Private Limited - India
- Intertek Mineral Services - Indonesia
- Singapore Mercantile Exchange
- Kaltim Prima Coal - Indonesia
- Orica Australia Pty. Ltd.
- Carbofer General Trading SA - India
- India Bulls Power Limited - India
- Straits Asia Resources Limited - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Anglo American - United Kingdom
- Ministry of Mines - Canada
- Pendopo Energi Batubara - Indonesia
- Binh Thuan Hamico - Vietnam
- Toyota Tsusho Corporation, Japan
- Ministry of Finance - Indonesia
- Karaikal Port Pvt Ltd - India
- PTC India Limited - India
- Indika Energy - Indonesia
- Merrill Lynch Commodities Europe
- Ind-Barath Power Infra Limited - India
- Grasim Industreis Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
- Interocean Group of Companies - India
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