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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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Tuesday, 11 August 09
INDONESIA'S COAL EXPORTS TO INDIA WILL BE EXEMPTED FROM DUTIES STARTING JANUARY 1, 2013 - BERITA SORE
Berita sore reported that, ASEAN is scheduled to sign a long-awaited Free Trade Agreement (FTA) with India in Bangkok on Thursday aimed at boosting ...
Tuesday, 11 August 09
ZAMBIAN COAL BUYERS CONTINUE IMPORTING COAL FROM ZIMBABWE
Lusaka Times reported that, Coal mining companies have bemoaned the lack of market for their produce as prospective buyers continue importing the co ...
Monday, 10 August 09
NOMINAL HIKE IN COAL PRICES SOON - MEDIA
The hindu business reported that, a marginal hike in coal prices is in the offing. "I will be soon approaching the Prime Minister on the matter ...
Monday, 10 August 09
MANGALAM CEMENT PLACES ORDER FOR CAPTIVE POWER PLANT
Steel Guru reported that, Mangalam Cement Ltd has announced that the company on August 6th 2009 finalized order for Captive Thermal Power Plant of 1 ...
Monday, 10 August 09
VIET NAM COAL EXPORTS HIT 13.5 MILLION TONNES
VietNamNet Bridge reported that, Viet Nam exported more than 13.5 million tonnes of coal in the first seven months of this year, equal to the same p ...
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- Ministry of Transport, Egypt
- Bharathi Cement Corporation - India
- Economic Council, Georgia
- Salva Resources Pvt Ltd - India
- Posco Energy - South Korea
- Indonesian Coal Mining Association
- Attock Cement Pakistan Limited
- Neyveli Lignite Corporation Ltd, - India
- Malabar Cements Ltd - India
- Cement Manufacturers Association - India
- Maharashtra Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Africa Commodities Group - South Africa
- Siam City Cement - Thailand
- Simpson Spence & Young - Indonesia
- IEA Clean Coal Centre - UK
- Leighton Contractors Pty Ltd - Australia
- GMR Energy Limited - India
- Binh Thuan Hamico - Vietnam
- London Commodity Brokers - England
- Eastern Energy - Thailand
- Bhatia International Limited - India
- Meenaskhi Energy Private Limited - India
- Toyota Tsusho Corporation, Japan
- Goldman Sachs - Singapore
- Vedanta Resources Plc - India
- Bukit Baiduri Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- MS Steel International - UAE
- Globalindo Alam Lestari - Indonesia
- Mintek Dendrill Indonesia
- Bangladesh Power Developement Board
- Star Paper Mills Limited - India
- Manunggal Multi Energi - Indonesia
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
- Marubeni Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bayan Resources Tbk. - Indonesia
- Orica Mining Services - Indonesia
- New Zealand Coal & Carbon
- Barasentosa Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Ind-Barath Power Infra Limited - India
- Therma Luzon, Inc, Philippines
- San Jose City I Power Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Kideco Jaya Agung - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sical Logistics Limited - India
- Banpu Public Company Limited - Thailand
- Merrill Lynch Commodities Europe
- Coalindo Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Petron Corporation, Philippines
- Chamber of Mines of South Africa
- Gujarat Sidhee Cement - India
- South Luzon Thermal Energy Corporation
- Wilmar Investment Holdings
- Borneo Indobara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Romanian Commodities Exchange
- Kapuas Tunggal Persada - Indonesia
- Directorate Of Revenue Intelligence - India
- Planning Commission, India
- Port Waratah Coal Services - Australia
- GN Power Mariveles Coal Plant, Philippines
- Grasim Industreis Ltd - India
- Tamil Nadu electricity Board
- Parliament of New Zealand
- Latin American Coal - Colombia
- Thiess Contractors Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Videocon Industries ltd - India
- Straits Asia Resources Limited - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- GAC Shipping (India) Pvt Ltd
- Essar Steel Hazira Ltd - India
- Singapore Mercantile Exchange
- Sinarmas Energy and Mining - Indonesia
- Jaiprakash Power Ventures ltd
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- Karbindo Abesyapradhi - Indoneisa
- Xindia Steels Limited - India
- Parry Sugars Refinery, India
- Savvy Resources Ltd - HongKong
- Mercator Lines Limited - India
- Georgia Ports Authority, United States
- AsiaOL BioFuels Corp., Philippines
- Oldendorff Carriers - Singapore
- Aboitiz Power Corporation - Philippines
- Formosa Plastics Group - Taiwan
- PTC India Limited - India
- European Bulk Services B.V. - Netherlands
- Meralco Power Generation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- McConnell Dowell - Australia
- CNBM International Corporation - China
- Lanco Infratech Ltd - India
- Bhushan Steel Limited - India
- Asmin Koalindo Tuhup - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Price Waterhouse Coopers - Russia
- Mjunction Services Limited - India
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Mercuria Energy - Indonesia
- Altura Mining Limited, Indonesia
- Larsen & Toubro Limited - India
- Baramulti Group, Indonesia
- SMC Global Power, Philippines
- Aditya Birla Group - India
- Sarangani Energy Corporation, Philippines
- India Bulls Power Limited - India
- Heidelberg Cement - Germany
- Coastal Gujarat Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Chettinad Cement Corporation Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- GVK Power & Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Indogreen Group - Indonesia
- Bhoruka Overseas - Indonesia
- Electricity Generating Authority of Thailand
- Energy Development Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement PLC, Thailand
- VISA Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
- ICICI Bank Limited - India
- Tata Chemicals Ltd - India
- Wood Mackenzie - Singapore
- Thai Mozambique Logistica
- SMG Consultants - Indonesia
- Madhucon Powers Ltd - India
- CIMB Investment Bank - Malaysia
- Riau Bara Harum - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- White Energy Company Limited
- Carbofer General Trading SA - India
- Australian Coal Association
- Minerals Council of Australia
- Eastern Coal Council - USA
- Gujarat Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Power Finance Corporation Ltd., India
- PowerSource Philippines DevCo
- Bahari Cakrawala Sebuku - Indonesia
- Trasteel International SA, Italy
- TeaM Sual Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- Uttam Galva Steels Limited - India
- ASAPP Information Group - India
- Semirara Mining Corp, Philippines
- Rio Tinto Coal - Australia
- Vizag Seaport Private Limited - India
- The University of Queensland
- Australian Commodity Traders Exchange
- Ministry of Mines - Canada
- Sree Jayajothi Cements Limited - India
- Independent Power Producers Association of India
- Kepco SPC Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Standard Chartered Bank - UAE
- Kaltim Prima Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Indo Tambangraya Megah - Indonesia
- Agrawal Coal Company - India
- Miang Besar Coal Terminal - Indonesia
- Indian Energy Exchange, India
- Renaissance Capital - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Indian Oil Corporation Limited
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- Commonwealth Bank - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Java Power - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Medco Energi Mining Internasional
- Sindya Power Generating Company Private Ltd
- Energy Link Ltd, New Zealand
- Maheswari Brothers Coal Limited - India
- Indika Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- The State Trading Corporation of India Ltd
- Samtan Co., Ltd - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Kobexindo Tractors - Indoneisa
- Ministry of Finance - Indonesia
- Sojitz Corporation - Japan
- Sakthi Sugars Limited - India
- Billiton Holdings Pty Ltd - Australia
- Deloitte Consulting - India
- The Treasury - Australian Government
- Rashtriya Ispat Nigam Limited - India
- Kumho Petrochemical, South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Coal and Oil Company - UAE
- OPG Power Generation Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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