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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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- International Coal Ventures Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sojitz Corporation - Japan
- Commonwealth Bank - Australia
- Uttam Galva Steels Limited - India
- SMC Global Power, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement - Thailand
- Trasteel International SA, Italy
- Rashtriya Ispat Nigam Limited - India
- Sarangani Energy Corporation, Philippines
- Parry Sugars Refinery, India
- Minerals Council of Australia
- Baramulti Group, Indonesia
- Sical Logistics Limited - India
- Indian Energy Exchange, India
- Eastern Coal Council - USA
- PetroVietnam Power Coal Import and Supply Company
- GVK Power & Infra Limited - India
- Coalindo Energy - Indonesia
- Vedanta Resources Plc - India
- Essar Steel Hazira Ltd - India
- Malabar Cements Ltd - India
- Port Waratah Coal Services - Australia
- Marubeni Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Interocean Group of Companies - India
- Wood Mackenzie - Singapore
- Price Waterhouse Coopers - Russia
- Planning Commission, India
- Bhoruka Overseas - Indonesia
- Makarim & Taira - Indonesia
- Barasentosa Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- PNOC Exploration Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Savvy Resources Ltd - HongKong
- ICICI Bank Limited - India
- Anglo American - United Kingdom
- IHS Mccloskey Coal Group - USA
- Kaltim Prima Coal - Indonesia
- GMR Energy Limited - India
- Global Coal Blending Company Limited - Australia
- The State Trading Corporation of India Ltd
- Eastern Energy - Thailand
- Indogreen Group - Indonesia
- White Energy Company Limited
- Manunggal Multi Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Maheswari Brothers Coal Limited - India
- GAC Shipping (India) Pvt Ltd
- Jaiprakash Power Ventures ltd
- The Treasury - Australian Government
- Bukit Baiduri Energy - Indonesia
- Siam City Cement PLC, Thailand
- Star Paper Mills Limited - India
- Indonesian Coal Mining Association
- Australian Coal Association
- VISA Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- CNBM International Corporation - China
- Ministry of Transport, Egypt
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Simpson Spence & Young - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- Ceylon Electricity Board - Sri Lanka
- PTC India Limited - India
- Leighton Contractors Pty Ltd - Australia
- Mjunction Services Limited - India
- Aditya Birla Group - India
- Globalindo Alam Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- Latin American Coal - Colombia
- Carbofer General Trading SA - India
- Xindia Steels Limited - India
- Goldman Sachs - Singapore
- Banpu Public Company Limited - Thailand
- Attock Cement Pakistan Limited
- Merrill Lynch Commodities Europe
- SMG Consultants - Indonesia
- Australian Commodity Traders Exchange
- TeaM Sual Corporation - Philippines
- Larsen & Toubro Limited - India
- McConnell Dowell - Australia
- Miang Besar Coal Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Sidhee Cement - India
- Pendopo Energi Batubara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Finance - Indonesia
- OPG Power Generation Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- India Bulls Power Limited - India
- Ambuja Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Madhucon Powers Ltd - India
- Videocon Industries ltd - India
- Parliament of New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Wilmar Investment Holdings
- Vijayanagar Sugar Pvt Ltd - India
- Bharathi Cement Corporation - India
- Africa Commodities Group - South Africa
- Global Green Power PLC Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Global Business Power Corporation, Philippines
- Energy Development Corp, Philippines
- Renaissance Capital - South Africa
- Economic Council, Georgia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thai Mozambique Logistica
- San Jose City I Power Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Mintek Dendrill Indonesia
- Antam Resourcindo - Indonesia
- Cigading International Bulk Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Timah Investasi Mineral - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- London Commodity Brokers - England
- Karaikal Port Pvt Ltd - India
- Agrawal Coal Company - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coastal Gujarat Power Limited - India
- Bulk Trading Sa - Switzerland
- Dalmia Cement Bharat India
- Jorong Barutama Greston.PT - Indonesia
- New Zealand Coal & Carbon
- Formosa Plastics Group - Taiwan
- Semirara Mining and Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Georgia Ports Authority, United States
- Central Electricity Authority - India
- Sindya Power Generating Company Private Ltd
- Tamil Nadu electricity Board
- Kumho Petrochemical, South Korea
- LBH Netherlands Bv - Netherlands
- Petron Corporation, Philippines
- Power Finance Corporation Ltd., India
- Energy Link Ltd, New Zealand
- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- Meralco Power Generation, Philippines
- Posco Energy - South Korea
- MS Steel International - UAE
- Independent Power Producers Association of India
- Kalimantan Lumbung Energi - Indonesia
- IEA Clean Coal Centre - UK
- Metalloyd Limited - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Singapore Mercantile Exchange
- Indian Oil Corporation Limited
- Aboitiz Power Corporation - Philippines
- Heidelberg Cement - Germany
- Directorate Of Revenue Intelligence - India
- Orica Australia Pty. Ltd.
- Chettinad Cement Corporation Ltd - India
- Lanco Infratech Ltd - India
- Samtan Co., Ltd - South Korea
- Chamber of Mines of South Africa
- Borneo Indobara - Indonesia
- Tata Chemicals Ltd - India
- Ind-Barath Power Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Rio Tinto Coal - Australia
- Kartika Selabumi Mining - Indonesia
- Indika Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Mercuria Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Thiess Contractors Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- ASAPP Information Group - India
- Standard Chartered Bank - UAE
- Bangladesh Power Developement Board
- Kepco SPC Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- The University of Queensland
- Edison Trading Spa - Italy
- Neyveli Lignite Corporation Ltd, - India
- Bukit Asam (Persero) Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- Riau Bara Harum - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Iligan Light & Power Inc, Philippines
- Grasim Industreis Ltd - India
- Ministry of Mines - Canada
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Authority, New Zealand
- Cement Manufacturers Association - India
- Coal and Oil Company - UAE
- Bhatia International Limited - India
- Mercator Lines Limited - India
- PowerSource Philippines DevCo
- Semirara Mining Corp, Philippines
- Bhushan Steel Limited - India
- Vizag Seaport Private Limited - India
- Romanian Commodities Exchange
- Medco Energi Mining Internasional
- Deloitte Consulting - India
- Sakthi Sugars Limited - India
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