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Friday, 07 August 09
BALTIC DRY INDEX HAS WORST WEEK SINCE OCTOBER AS DEMAND SLOWS
 Bloomberg reported that, The Baltic Dry Index, a measure of shipping costs for commodities, had its worst week since October as Chinese demand for shipments of coal and iron ore slowed.
The index tracking transportation costs on international trade routes today slid 135 points, or 4.6 percent, to 2,772 points, according to the Baltic Exchange. That took its weekly drop to 17 percent, the most since the end of October.
“The Chinese have backed off and it’s starting to show in the number of shipments this month,” Gavin Durrell, a Cape Town-based official at Island View Shipping SA, Africa’s biggest commodities shipping line, said by phone today. “Iron ore and coal seem to be slowing down.”
China’s record coal and iron ore imports in the first half helped the index to advance as much as fivefold this year, reversing some of the record 92 percent collapse in 2008. Demand rose after the country’s government announced a 4 trillion yuan ($586 billion) stimulus package.
Daily rental rates for every class of ship tracked by the bourse declined today, led by a 5.6 percent slump to $20,880 for panamaxes, ships designed to navigate the Panama Canal.
Capesizes, ships most commonly used to haul about 170,000 metric tons of iron ore around South Africa’s Cape of Good Hope or Chile’s Cape Horn, lost 5.2 percent to $45,428 a day. Smaller supramaxes fell 5 percent to $19,242 a day and handysize ships lost 2 percent to $12,051 a day.
Chinese Steelmakers
Rates are declining as Chinese steelmakers delay imports while they negotiate annual iron ore prices with producers such as Rio Tinto Group, BHP Billiton Ltd. and Vale SA, Durrell said. “I don’t think they will come back until they agree,” he said.
The drop reflects a wider slide in demand for raw materials that will likely push prices for metals, commodities and energy lower, Eugen Weinberg, a senior commodity analyst at Commerzbank AG in Frankfurt, said by phone yesterday.
The Baltic Dry Index has slumped 35 percent from this year’s high on June 3. The Standard & Poor’s GSCI Index of 24 commodities has climbed 7 percent over the same period.
Derivatives betting on the Baltic Exchange’s future assessments fell for a third day, indicating the declining spot market is causing traders’ future expectations to deteriorate.
October-to-December forward freight agreements, or FFAs, for capesizes lost 4.7 percent to $36,750 a day, according to prices from Imarex ASA, a broker of the accords. That implies traders expect the market to drop 19 percent by year-end.
Panamax contracts fell 1 percent to $17,625 a day, implying a 16 percent decline.
Source: Bloomberg
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Friday, 14 August 09
GUACOLDA STARTS THIRD COAL-FIRED UNIT
Macorship reported that, Chile’s Empresa Electrica Guacolda said that the third unit at its Guacolda coal-fired power plant began supplying po ...
Thursday, 13 August 09
RIO PREPARES COAL IPO AFTER FAILING TO FIND BUYER
Bloomberg reported that, Rio Tinto Group, the world’s third- largest mining company, is preparing an initial public offering for its U.S. ...
Thursday, 13 August 09
NOBLE'S PROFIT DOUBLES ON GLOUCESTER COAL ACQUISITION
Bloomberg reported that, Noble Group Ltd., a Hong Kong-based supplier of raw materials from soybeans to coal, said second- quarter profit more than ...
Thursday, 13 August 09
CHINA COAL-PRICES UNCHANGED, BUT LIKELY TO MOVE HIGHER
Alibaba reported that, Spot coal prices in China's top coal port Qinhuangdao were unchanged from a week earlier, but are still looking bullish in t ...
Thursday, 13 August 09
INDONESIA'S BERAU COAL SEES 2010 OUTPUT UP 16 PCT
Reuters reported that, Indonesia's fifth-largest coal miner, PT Berau Coal, expects 2010 production to be nearly 16 percent higher than this year, ...
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- Trasteel International SA, Italy
- TeaM Sual Corporation - Philippines
- Power Finance Corporation Ltd., India
- Kaltim Prima Coal - Indonesia
- Coal and Oil Company - UAE
- CNBM International Corporation - China
- GVK Power & Infra Limited - India
- Kumho Petrochemical, South Korea
- San Jose City I Power Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Dalmia Cement Bharat India
- Cement Manufacturers Association - India
- Eastern Energy - Thailand
- Carbofer General Trading SA - India
- London Commodity Brokers - England
- Edison Trading Spa - Italy
- Georgia Ports Authority, United States
- Bank of Tokyo Mitsubishi UFJ Ltd
- Formosa Plastics Group - Taiwan
- Coalindo Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- VISA Power Limited - India
- Thiess Contractors Indonesia
- Indika Energy - Indonesia
- Bharathi Cement Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bulk Trading Sa - Switzerland
- Ind-Barath Power Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Kideco Jaya Agung - Indonesia
- Siam City Cement PLC, Thailand
- GN Power Mariveles Coal Plant, Philippines
- Manunggal Multi Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Mercator Lines Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Sakthi Sugars Limited - India
- Australian Coal Association
- Oldendorff Carriers - Singapore
- GMR Energy Limited - India
- Grasim Industreis Ltd - India
- Lanco Infratech Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Bhatia International Limited - India
- Independent Power Producers Association of India
- Global Business Power Corporation, Philippines
- White Energy Company Limited
- OPG Power Generation Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Indogreen Group - Indonesia
- Sical Logistics Limited - India
- Ceylon Electricity Board - Sri Lanka
- SMG Consultants - Indonesia
- Bangladesh Power Developement Board
- Karbindo Abesyapradhi - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coastal Gujarat Power Limited - India
- Bukit Makmur.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Jaiprakash Power Ventures ltd
- Mintek Dendrill Indonesia
- Iligan Light & Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Anglo American - United Kingdom
- Standard Chartered Bank - UAE
- Electricity Generating Authority of Thailand
- Asmin Koalindo Tuhup - Indonesia
- Indian Oil Corporation Limited
- Tata Chemicals Ltd - India
- Minerals Council of Australia
- Ministry of Finance - Indonesia
- Maheswari Brothers Coal Limited - India
- Aditya Birla Group - India
- Jorong Barutama Greston.PT - Indonesia
- PowerSource Philippines DevCo
- Baramulti Group, Indonesia
- IHS Mccloskey Coal Group - USA
- Intertek Mineral Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Simpson Spence & Young - Indonesia
- Orica Mining Services - Indonesia
- Medco Energi Mining Internasional
- PNOC Exploration Corporation - Philippines
- Merrill Lynch Commodities Europe
- Kapuas Tunggal Persada - Indonesia
- Directorate Of Revenue Intelligence - India
- India Bulls Power Limited - India
- Sree Jayajothi Cements Limited - India
- McConnell Dowell - Australia
- LBH Netherlands Bv - Netherlands
- Electricity Authority, New Zealand
- Essar Steel Hazira Ltd - India
- PTC India Limited - India
- Meralco Power Generation, Philippines
- New Zealand Coal & Carbon
- Bahari Cakrawala Sebuku - Indonesia
- Deloitte Consulting - India
- Ministry of Transport, Egypt
- South Luzon Thermal Energy Corporation
- Toyota Tsusho Corporation, Japan
- Wilmar Investment Holdings
- Leighton Contractors Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Riau Bara Harum - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Australia Pty. Ltd.
- Latin American Coal - Colombia
- Star Paper Mills Limited - India
- Australian Commodity Traders Exchange
- Kartika Selabumi Mining - Indonesia
- Mjunction Services Limited - India
- Marubeni Corporation - India
- Straits Asia Resources Limited - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Samtan Co., Ltd - South Korea
- Indonesian Coal Mining Association
- Aboitiz Power Corporation - Philippines
- Vizag Seaport Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- TNB Fuel Sdn Bhd - Malaysia
- Mercuria Energy - Indonesia
- ASAPP Information Group - India
- Petron Corporation, Philippines
- Tamil Nadu electricity Board
- Chamber of Mines of South Africa
- Xindia Steels Limited - India
- Therma Luzon, Inc, Philippines
- Economic Council, Georgia
- Central Java Power - Indonesia
- Sarangani Energy Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Pendopo Energi Batubara - Indonesia
- The Treasury - Australian Government
- Banpu Public Company Limited - Thailand
- International Coal Ventures Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Interocean Group of Companies - India
- Bhoruka Overseas - Indonesia
- Planning Commission, India
- Attock Cement Pakistan Limited
- Semirara Mining Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Global Coal Blending Company Limited - Australia
- European Bulk Services B.V. - Netherlands
- Global Green Power PLC Corporation, Philippines
- Commonwealth Bank - Australia
- Madhucon Powers Ltd - India
- Ambuja Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Posco Energy - South Korea
- Eastern Coal Council - USA
- Cigading International Bulk Terminal - Indonesia
- Ministry of Mines - Canada
- Borneo Indobara - Indonesia
- Indian Energy Exchange, India
- Price Waterhouse Coopers - Russia
- Kepco SPC Power Corporation, Philippines
- Singapore Mercantile Exchange
- Bhushan Steel Limited - India
- Sinarmas Energy and Mining - Indonesia
- Renaissance Capital - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Bayan Resources Tbk. - Indonesia
- MS Steel International - UAE
- Maharashtra Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Heidelberg Cement - Germany
- Jindal Steel & Power Ltd - India
- Central Electricity Authority - India
- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- The State Trading Corporation of India Ltd
- Wood Mackenzie - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Uttam Galva Steels Limited - India
- Karaikal Port Pvt Ltd - India
- SMC Global Power, Philippines
- Antam Resourcindo - Indonesia
- SN Aboitiz Power Inc, Philippines
- Siam City Cement - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kalimantan Lumbung Energi - Indonesia
- Vedanta Resources Plc - India
- CIMB Investment Bank - Malaysia
- Chettinad Cement Corporation Ltd - India
- Sindya Power Generating Company Private Ltd
- Gujarat Sidhee Cement - India
- Goldman Sachs - Singapore
- Agrawal Coal Company - India
- AsiaOL BioFuels Corp., Philippines
- Salva Resources Pvt Ltd - India
- ICICI Bank Limited - India
- Energy Link Ltd, New Zealand
- Barasentosa Lestari - Indonesia
- The University of Queensland
- Videocon Industries ltd - India
- Makarim & Taira - Indonesia
- Timah Investasi Mineral - Indoneisa
- Thai Mozambique Logistica
- Parliament of New Zealand
- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
- Romanian Commodities Exchange
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- Rio Tinto Coal - Australia
- IEA Clean Coal Centre - UK
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