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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 $1,000 per day. Much lower cape size fleet growth this year has now allowed the market to re-enter a phase where cape size rates are much more sensitive to changes in cargo volume and spot demand for available cape size vessels, Commodore Research & Consultancy said.
Commodore Research & Consultancy forecasts, rates, of course, will continue to decrease at times, but overall prospects for cape size rates are encouraging.
About Commodore Research & Consultancy
Commodore Research & Consultancy is an independent New York City-based consultancy that focuses on the global demand, supply, and seaborne trade of industrial and agricultural commodities, with a particular focus on China. Commodore Research & Consultancy's analysts handle a wide variety of consulting requests and custom reports. Commodore Research & Consultancy also offers two standard report subscriptions (Dry Bulk Report Subscription and China Report Subscription).
Views expressed herein are personal views of the author and not that of COALspot.com. We welcome article submissions from experts in the areas of coal, mining, shipping, etc. To submit your articles please click here
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Monday, 27 October 14
CFR SOUTH CHINA COAL SWAPS PERFORMED POSITIVE THIS PAST WEEK
COALspot.com: API 8 CFR South China Coal swap for Q4’ 2014 delivery decreased US$ 1.68 (-2.55%) month over month and increased US$ 0.87 (+1.3 ...
Sunday, 26 October 14
CAPE'S STRONG PERFORMANCE PUSHES BDI INDEX UPWARDS
COALspot.com: The BDI was up by 26.27 pct and closed at 1192 points week and week. The Cape size performance has pushed up BDI and Cape size index ...
Friday, 24 October 14
WEEKLY U.S COAL PRODUCTION DOWN 2.7% FOR THE WEEK ENDING OCTOBER 18
COALspot.com – United States the world's one of largest coal producers, produced approximately 18.7 million short tons (mmst) of coal in ...
Thursday, 23 October 14
THE BEARS, HOWEVER, STILL CRY; FOR HOW LONG WILL IT LAST? - FEARNLEYS
Handy
"We experience a typical oversupply of ships in the Atlantic which causing rates to slide. In the USG it is just enough cargoes to kee ...
Wednesday, 22 October 14
MARKET INSIGHT - THEODORE NTALAKOS, INTERMODAL
ECO designs - revisited
The ECO vessels are already here but the oil and bunker prices are plummeting to their cheapest level since 2010. Is this ...
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- Ministry of Mines - Canada
- Kepco SPC Power Corporation, Philippines
- Eastern Energy - Thailand
- Bharathi Cement Corporation - India
- Toyota Tsusho Corporation, Japan
- Iligan Light & Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- IEA Clean Coal Centre - UK
- Energy Development Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Independent Power Producers Association of India
- GVK Power & Infra Limited - India
- Indogreen Group - Indonesia
- Timah Investasi Mineral - Indoneisa
- Meralco Power Generation, Philippines
- Bhoruka Overseas - Indonesia
- Price Waterhouse Coopers - Russia
- Maheswari Brothers Coal Limited - India
- Sojitz Corporation - Japan
- CNBM International Corporation - China
- Star Paper Mills Limited - India
- New Zealand Coal & Carbon
- Medco Energi Mining Internasional
- CIMB Investment Bank - Malaysia
- Wilmar Investment Holdings
- Kumho Petrochemical, South Korea
- Vizag Seaport Private Limited - India
- Bulk Trading Sa - Switzerland
- Directorate General of MIneral and Coal - Indonesia
- Central Electricity Authority - India
- Deloitte Consulting - India
- Meenaskhi Energy Private Limited - India
- Riau Bara Harum - Indonesia
- Uttam Galva Steels Limited - India
- Parliament of New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- MS Steel International - UAE
- Kapuas Tunggal Persada - Indonesia
- Thai Mozambique Logistica
- Formosa Plastics Group - Taiwan
- Karaikal Port Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Minerals Council of Australia
- Sarangani Energy Corporation, Philippines
- London Commodity Brokers - England
- Antam Resourcindo - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Thiess Contractors Indonesia
- Metalloyd Limited - United Kingdom
- Bhatia International Limited - India
- Makarim & Taira - Indonesia
- Ind-Barath Power Infra Limited - India
- Central Java Power - Indonesia
- Videocon Industries ltd - India
- Coal and Oil Company - UAE
- PTC India Limited - India
- Indika Energy - Indonesia
- Altura Mining Limited, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Jaiprakash Power Ventures ltd
- Agrawal Coal Company - India
- Mercuria Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petron Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Planning Commission, India
- Mercator Lines Limited - India
- Oldendorff Carriers - Singapore
- Miang Besar Coal Terminal - Indonesia
- Australian Coal Association
- Romanian Commodities Exchange
- Ambuja Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Aditya Birla Group - India
- Kartika Selabumi Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Bangladesh Power Developement Board
- TeaM Sual Corporation - Philippines
- Port Waratah Coal Services - Australia
- Larsen & Toubro Limited - India
- Krishnapatnam Port Company Ltd. - India
- ASAPP Information Group - India
- Semirara Mining and Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GAC Shipping (India) Pvt Ltd
- Heidelberg Cement - Germany
- Indian Oil Corporation Limited
- Merrill Lynch Commodities Europe
- Kohat Cement Company Ltd. - Pakistan
- Chettinad Cement Corporation Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Trasteel International SA, Italy
- Neyveli Lignite Corporation Ltd, - India
- Edison Trading Spa - Italy
- Rashtriya Ispat Nigam Limited - India
- South Luzon Thermal Energy Corporation
- Straits Asia Resources Limited - Singapore
- Essar Steel Hazira Ltd - India
- PowerSource Philippines DevCo
- Cigading International Bulk Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Tamil Nadu electricity Board
- India Bulls Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dalmia Cement Bharat India
- Savvy Resources Ltd - HongKong
- Energy Link Ltd, New Zealand
- White Energy Company Limited
- IHS Mccloskey Coal Group - USA
- Therma Luzon, Inc, Philippines
- Mjunction Services Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- SMC Global Power, Philippines
- Holcim Trading Pte Ltd - Singapore
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
- Cement Manufacturers Association - India
- Global Business Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Madhucon Powers Ltd - India
- Africa Commodities Group - South Africa
- Standard Chartered Bank - UAE
- The State Trading Corporation of India Ltd
- Chamber of Mines of South Africa
- Siam City Cement - Thailand
- Electricity Authority, New Zealand
- Bayan Resources Tbk. - Indonesia
- Ministry of Transport, Egypt
- Kobexindo Tractors - Indoneisa
- Mintek Dendrill Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Economic Council, Georgia
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Sidhee Cement - India
- International Coal Ventures Pvt Ltd - India
- Bhushan Steel Limited - India
- Rio Tinto Coal - Australia
- Coalindo Energy - Indonesia
- Vedanta Resources Plc - India
- Grasim Industreis Ltd - India
- Binh Thuan Hamico - Vietnam
- The Treasury - Australian Government
- Kalimantan Lumbung Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- ICICI Bank Limited - India
- Coastal Gujarat Power Limited - India
- Electricity Generating Authority of Thailand
- SN Aboitiz Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Posco Energy - South Korea
- Salva Resources Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Sical Logistics Limited - India
- Borneo Indobara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining Corp, Philippines
- Singapore Mercantile Exchange
- Gujarat Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- Pendopo Energi Batubara - Indonesia
- GMR Energy Limited - India
- Power Finance Corporation Ltd., India
- Latin American Coal - Colombia
- Global Green Power PLC Corporation, Philippines
- Wood Mackenzie - Singapore
- Samtan Co., Ltd - South Korea
- McConnell Dowell - Australia
- Marubeni Corporation - India
- Simpson Spence & Young - Indonesia
- Indo Tambangraya Megah - Indonesia
- Baramulti Group, Indonesia
- Siam City Cement PLC, Thailand
- Indonesian Coal Mining Association
- Pipit Mutiara Jaya. PT, Indonesia
- Malabar Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Sakthi Sugars Limited - India
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- Kaltim Prima Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Australian Commodity Traders Exchange
- Indian Energy Exchange, India
- Georgia Ports Authority, United States
- Tata Chemicals Ltd - India
- Orica Australia Pty. Ltd.
- SMG Consultants - Indonesia
- Lanco Infratech Ltd - India
- Kideco Jaya Agung - Indonesia
- Attock Cement Pakistan Limited
- Maharashtra Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Jindal Steel & Power Ltd - India
- Aboitiz Power Corporation - Philippines
- Ministry of Finance - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- San Jose City I Power Corp, Philippines
- Xindia Steels Limited - India
- Carbofer General Trading SA - India
- VISA Power Limited - India
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- Anglo American - United Kingdom
- Parry Sugars Refinery, India
- Renaissance Capital - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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