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Tuesday, 20 August 13
CAPESIZE RATES MORE SENSITIVE TO DEMAND - COMMODORE RESEARCH & CONSULTANCY
COALspot.com : Approximately 71.50 million tons of iron ore is now stockpiled at Chinese ports, 900,000 tons (-1%) less than a week ago, Commodore Research & Consultancy said in its latest report.
Chinese iron ore port stockpiles have now fallen to their lowest level since May and are 26.6 million tons (-27%) lower than where they stood a year ago. The historically low level of iron ore stockpiled at Chinese ports is very encouraging, and has been a contributing factor behind the strength in demand for imported iron ore cargoes and recent surge in cape size freight rates, said Commodore Research & Consultancy.
Commodore Research & Consultancy further said in its research report, 23 cape size vessels were chartered to haul iron ore in the spot market last week (all of the vessels were chartered to deliver iron ore to Chinese buyers). The last seven weeks have seen an average of 22.5 cape size vessels chartered to haul iron ore, with each week seeing at least 20 cape size vessels chartered to haul iron ore. Prior to the last seven weeks, this year had seen an average of only 15.5 cape size vessels chartered to haul iron ore.
The consistently large amount of cape size vessels being chartered to haul iron ore cargoes (predominantly to Chinese buyers), combined with cape size fleet growth remaining relatively low, has caused spot cape size availability to become much tighter as we have predicted. This tightness helped cape size rates find significant support on Wednesday and Thursday. Going forward, we continue to believe that there will be brief periods where spot availability of cape size vessels will be very tight and will lead to short-term spikes in Cape rates that will exceed $1,000 per day. Much lower cape size fleet growth this year has now allowed the market to re-enter a phase where cape size rates are much more sensitive to changes in cargo volume and spot demand for available cape size vessels, Commodore Research & Consultancy said.
Commodore Research & Consultancy forecasts, rates, of course, will continue to decrease at times, but overall prospects for cape size rates are encouraging.
About Commodore Research & Consultancy
Commodore Research & Consultancy is an independent New York City-based consultancy that focuses on the global demand, supply, and seaborne trade of industrial and agricultural commodities, with a particular focus on China. Commodore Research & Consultancy's analysts handle a wide variety of consulting requests and custom reports. Commodore Research & Consultancy also offers two standard report subscriptions (Dry Bulk Report Subscription and China Report Subscription).
Views expressed herein are personal views of the author and not that of COALspot.com. We welcome article submissions from experts in the areas of coal, mining, shipping, etc. To submit your articles please click here
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Wednesday, 03 December 14
PROGRESSING SMELTER PROJECTS IN INDONESIA
Press Release: Indonesia’s ban on ‘raw mineral export’ that was designed to encouraging downstream investment in mineral processi ...
Wednesday, 03 December 14
SHIPPING MARKET INSIGHT - KONSTANTINOS KONTOMICHIS
The dry bulk market seems unable to turn sentiment round and is still looking for direction. The BCI's 887-point free fall last week had an obv ...
Wednesday, 03 December 14
CAPESIZE DRY BULK CARRIERS ENTER 2015 WITH MIXED FORTUNES, WITH A POSITIVE AND A NEGATIVE SCENARIO BOTH EMERGING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The future of the Capesize dry bulk market appears to be engulfed from mixed “feelings” among analysts and market participants, despite ...
Tuesday, 02 December 14
KEY PLAYERS SHED NEW PERSPECTIVES ON COAL MARKETS
Press Release: Singapore’s ONLY and longest established Coal Trade event. Whilst Coal prices remain challenging, there is widespread consensu ...
Tuesday, 02 December 14
KOMIPO INVITES BIDS FOR 585,000 METRIC TONS OF COAL FOR Q1'15
COALspot.com - Korea Midland Power Co. Ltd. (KOMIPO) is inviting bids for the supply of 585,000 Metric Tons of coal. According to invitation, 5700 ...
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- Deloitte Consulting - India
- LBH Netherlands Bv - Netherlands
- TeaM Sual Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Indian Oil Corporation Limited
- Baramulti Group, Indonesia
- Intertek Mineral Services - Indonesia
- Bhatia International Limited - India
- Indika Energy - Indonesia
- Vizag Seaport Private Limited - India
- The University of Queensland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kartika Selabumi Mining - Indonesia
- Heidelberg Cement - Germany
- Meenaskhi Energy Private Limited - India
- Directorate Of Revenue Intelligence - India
- IHS Mccloskey Coal Group - USA
- Sakthi Sugars Limited - India
- Global Green Power PLC Corporation, Philippines
- Chamber of Mines of South Africa
- Africa Commodities Group - South Africa
- Samtan Co., Ltd - South Korea
- Sical Logistics Limited - India
- San Jose City I Power Corp, Philippines
- Interocean Group of Companies - India
- OPG Power Generation Pvt Ltd - India
- Medco Energi Mining Internasional
- Eastern Energy - Thailand
- Semirara Mining and Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Thiess Contractors Indonesia
- Bulk Trading Sa - Switzerland
- VISA Power Limited - India
- Indo Tambangraya Megah - Indonesia
- GMR Energy Limited - India
- Agrawal Coal Company - India
- Energy Link Ltd, New Zealand
- Parry Sugars Refinery, India
- Lanco Infratech Ltd - India
- Bayan Resources Tbk. - Indonesia
- Electricity Generating Authority of Thailand
- Singapore Mercantile Exchange
- India Bulls Power Limited - India
- Globalindo Alam Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- Parliament of New Zealand
- Bharathi Cement Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Renaissance Capital - South Africa
- Economic Council, Georgia
- Planning Commission, India
- Price Waterhouse Coopers - Russia
- Petrochimia International Co. Ltd.- Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Sinarmas Energy and Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sojitz Corporation - Japan
- Gujarat Mineral Development Corp Ltd - India
- The Treasury - Australian Government
- GVK Power & Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Electricity Authority, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Gujarat Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Ind-Barath Power Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Coalindo Energy - Indonesia
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Anglo American - United Kingdom
- Thai Mozambique Logistica
- Xindia Steels Limited - India
- Therma Luzon, Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kumho Petrochemical, South Korea
- McConnell Dowell - Australia
- Metalloyd Limited - United Kingdom
- Mercator Lines Limited - India
- Indian Energy Exchange, India
- Vijayanagar Sugar Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Billiton Holdings Pty Ltd - Australia
- Carbofer General Trading SA - India
- Banpu Public Company Limited - Thailand
- Mercuria Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Ministry of Finance - Indonesia
- Bhushan Steel Limited - India
- Tamil Nadu electricity Board
- Bangladesh Power Developement Board
- Orica Mining Services - Indonesia
- Star Paper Mills Limited - India
- Standard Chartered Bank - UAE
- Kepco SPC Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- ASAPP Information Group - India
- Bukit Baiduri Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- London Commodity Brokers - England
- Kalimantan Lumbung Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Wood Mackenzie - Singapore
- Central Java Power - Indonesia
- SMC Global Power, Philippines
- Bhoruka Overseas - Indonesia
- Independent Power Producers Association of India
- Malabar Cements Ltd - India
- Meralco Power Generation, Philippines
- Riau Bara Harum - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cement Manufacturers Association - India
- Essar Steel Hazira Ltd - India
- Tata Chemicals Ltd - India
- Jindal Steel & Power Ltd - India
- Simpson Spence & Young - Indonesia
- Kobexindo Tractors - Indoneisa
- Gujarat Sidhee Cement - India
- Power Finance Corporation Ltd., India
- Global Business Power Corporation, Philippines
- Romanian Commodities Exchange
- SMG Consultants - Indonesia
- Kideco Jaya Agung - Indonesia
- New Zealand Coal & Carbon
- CNBM International Corporation - China
- Binh Thuan Hamico - Vietnam
- Petron Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- Global Coal Blending Company Limited - Australia
- The State Trading Corporation of India Ltd
- Ambuja Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Siam City Cement - Thailand
- Sree Jayajothi Cements Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- Kaltim Prima Coal - Indonesia
- Marubeni Corporation - India
- Antam Resourcindo - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Dalmia Cement Bharat India
- ICICI Bank Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Wilmar Investment Holdings
- Cigading International Bulk Terminal - Indonesia
- PowerSource Philippines DevCo
- PTC India Limited - India
- Bukit Makmur.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Bukit Asam (Persero) Tbk - Indonesia
- Goldman Sachs - Singapore
- Salva Resources Pvt Ltd - India
- Posco Energy - South Korea
- Attock Cement Pakistan Limited
- Madhucon Powers Ltd - India
- Aditya Birla Group - India
- Siam City Cement PLC, Thailand
- Mjunction Services Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Altura Mining Limited, Indonesia
- MS Steel International - UAE
- Ministry of Mines - Canada
- Kohat Cement Company Ltd. - Pakistan
- Merrill Lynch Commodities Europe
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- Ministry of Transport, Egypt
- Makarim & Taira - Indonesia
- Minerals Council of Australia
- Vedanta Resources Plc - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- CIMB Investment Bank - Malaysia
- Jaiprakash Power Ventures ltd
- Borneo Indobara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Rio Tinto Coal - Australia
- Barasentosa Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Kapuas Tunggal Persada - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Energy Development Corp, Philippines
- Grasim Industreis Ltd - India
- Formosa Plastics Group - Taiwan
- Eastern Coal Council - USA
- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- Videocon Industries ltd - India
- Larsen & Toubro Limited - India
- Central Electricity Authority - India
- Indogreen Group - Indonesia
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- Latin American Coal - Colombia
- Trasteel International SA, Italy
- Georgia Ports Authority, United States
- Semirara Mining Corp, Philippines
- Coal and Oil Company - UAE
- Australian Commodity Traders Exchange
- Edison Trading Spa - Italy
- Australian Coal Association
- Orica Australia Pty. Ltd.
- IEA Clean Coal Centre - UK
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