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Wednesday, 04 May 16
IS THE DRY BULK MARKET OUT OF THE WOODS YET, OR NOT? - HELLENIC SHIPPING NEWS
 Things are beginning to brighten up in the beleaguered dry bulk market, which is riding on a multi-week rally to find itself around the “psychological” level of 700 points (Baltic Dry Index), which is a six-month high. However, analysts and shipbrokers alike are keeping both feet on the ground, as things are still more than fragile and could turn around in a heartbeat. According to a recent report from shipbroker Intermodal, “the commodities markets have been moving like crazy during this time, with the bear rally having pushed prices for iron ore to more than 15-month highs (the recent peak reached $70 a tonne, marking it for now the best price performing commodity for 2016”.
Intermodal noted that “all this market boost seems to be the child born from the combination of several market effects mainly resonating from within China. The increased availability of credit from the huge amount of cash injected by Chinese policymakers into its banking system earlier this year, the restocking undertaken ahead of the summer construction period, tighter supplies recently noted after a string of closures last year, supply disruptions in Australia and Brazil and finally a more bullish appetite for steel in China following an improvement in steel-intensive construction and infrastructure projects and a better than expected GDP figure for the first quarter of 2016. This has been enough to feed speculation from China and drive a more then 80% increase in price from its low back in December of 2015”
According to George Lazaridis, Head of Market Research & Asset Valuations with Intermodal, “all this has in turn has fed a stimulus to the iron ore futures contract and has been thoroughly noted in the advancements in seaborne trade shipments. Yet as good as all this may sound, alarm bells have been ringing. The recent rally is still being held on a very shaky foundation, while recent public comments from most of the major iron ore producers have been mentioning the expectation of a significant inflow of cheaply sourced supplies which are due to come online this year. Further to this and with the price of iron ore having now reached this new peak, mines based within China (which had been driven out of market from the previous drop in prices) will be able to come online even partially, as such bringing a temporary halt in seaborne imports. Furthermore, it is important to also note that it is still too early to tell the long-term viability of the recent stimulus package brought on by the policymakers and how well it will be a steady support on the market and provide real support for a true market recovery”.
Lazaridis added that “nevertheless and after having mentioned all the cautions that needed to be addressed, the news are fairly positive. From the perspective of the shipping industry it is the boost in demand that plays the more significant role, with the recent rally in prices, although reflecting the market improvement in demand, leaving risks down the line if these prices were to prevail for too long. Cheaply sourced supplies could further boost demand while allowing to keep the competitive edge on supplies sourced from far locations such as Australia and Brazil. Therefore the focus is on the consumption boost from within China, which if it lasts and keeps on course, could be the sign of a true market recovery in sight”.
He concluded his analysis by noting that “taking away from the recent rise in demand the percentage that is due to the high seasonal restocking does make for a more moderate rise while it leaves a sense of an upcoming drop once the focus shifts from restocking to destocking. For the moment however, things look positive and given the Herculean efforts made on the side of ship owners to keep the supply of Capes capped, we might be set for an earlier recovery then what one would have thought of back in January. What is important is that we don’t lose our sight off the ball, and keep efforts to a max in order to bring about this change in markets sooner rather than later”.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Monday, 18 April 16
SOUTH KOREA STATE-OWNED UTILITY KOMIPO INVITES COAL BIDS FOR BORYEONG POWER PLANT
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a new tender for 70,000 Metric Tons of 4,600 kcal/kg NAR coal for ...
Monday, 18 April 16
SOUTH AFRICA RB1 COAL HAS LOST GROUND IN INDIA; RB2 MAY LOSE GRIP IF THE PRICE CROSSES US$ 50 A TON - TRADERS
COALspot.com: Indian coal consumers preferred to buy South Africa RB2 coal instead of RB1 coal recent months due to RB2's low CFR price level. ...
Monday, 18 April 16
CAPESIZE INDEX ROSE 44.66 PER CENT WEEK OVER WEEK
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities continued to rose this week.
The freight market was ...
Friday, 15 April 16
PANAMAX MARKET CONTINUES TO FIRM - FEARNLEYS
Cape
It has been a positive freight market for the past few weeks, however, this week the market is taking a small breather, says Fearnleys in it ...
Friday, 15 April 16
U.S WEEKLY COAL OUTPUT FALLS ACROSS ALL BASINS - EIA
COALspot.com – U.S the world’s second largest coal producer has produced approximately totaled an estimated 10.2 million short tons (mm ...
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- Agrawal Coal Company - India
- Bhatia International Limited - India
- Port Waratah Coal Services - Australia
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- Alfred C Toepfer International GmbH - Germany
- Barasentosa Lestari - Indonesia
- Mjunction Services Limited - India
- Energy Development Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Electricity Generating Authority of Thailand
- Meralco Power Generation, Philippines
- Sojitz Corporation - Japan
- Bangladesh Power Developement Board
- Commonwealth Bank - Australia
- Chettinad Cement Corporation Ltd - India
- Borneo Indobara - Indonesia
- Straits Asia Resources Limited - Singapore
- Grasim Industreis Ltd - India
- ICICI Bank Limited - India
- Makarim & Taira - Indonesia
- Samtan Co., Ltd - South Korea
- Krishnapatnam Port Company Ltd. - India
- SN Aboitiz Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Coalindo Energy - Indonesia
- Ministry of Mines - Canada
- Central Java Power - Indonesia
- PowerSource Philippines DevCo
- GVK Power & Infra Limited - India
- Mintek Dendrill Indonesia
- Renaissance Capital - South Africa
- Energy Link Ltd, New Zealand
- Formosa Plastics Group - Taiwan
- Petron Corporation, Philippines
- Africa Commodities Group - South Africa
- Global Business Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Goldman Sachs - Singapore
- Maheswari Brothers Coal Limited - India
- Kartika Selabumi Mining - Indonesia
- Coal and Oil Company - UAE
- ASAPP Information Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Toyota Tsusho Corporation, Japan
- Bharathi Cement Corporation - India
- Standard Chartered Bank - UAE
- Jorong Barutama Greston.PT - Indonesia
- MS Steel International - UAE
- Gujarat Sidhee Cement - India
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
- VISA Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Therma Luzon, Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- IEA Clean Coal Centre - UK
- Dalmia Cement Bharat India
- Lanco Infratech Ltd - India
- Global Green Power PLC Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Parry Sugars Refinery, India
- Altura Mining Limited, Indonesia
- Indian Energy Exchange, India
- Interocean Group of Companies - India
- Romanian Commodities Exchange
- Australian Commodity Traders Exchange
- Semirara Mining and Power Corporation, Philippines
- Indian Oil Corporation Limited
- Minerals Council of Australia
- Sinarmas Energy and Mining - Indonesia
- Baramulti Group, Indonesia
- Chamber of Mines of South Africa
- Ceylon Electricity Board - Sri Lanka
- Independent Power Producers Association of India
- Global Coal Blending Company Limited - Australia
- Karaikal Port Pvt Ltd - India
- Siam City Cement - Thailand
- Kaltim Prima Coal - Indonesia
- Planning Commission, India
- Attock Cement Pakistan Limited
- Iligan Light & Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Bahari Cakrawala Sebuku - Indonesia
- Essar Steel Hazira Ltd - India
- Kumho Petrochemical, South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Madhucon Powers Ltd - India
- Heidelberg Cement - Germany
- Indonesian Coal Mining Association
- AsiaOL BioFuels Corp., Philippines
- OPG Power Generation Pvt Ltd - India
- Eastern Coal Council - USA
- Sakthi Sugars Limited - India
- IHS Mccloskey Coal Group - USA
- Rio Tinto Coal - Australia
- Timah Investasi Mineral - Indoneisa
- Ind-Barath Power Infra Limited - India
- Tata Chemicals Ltd - India
- The University of Queensland
- Holcim Trading Pte Ltd - Singapore
- Kapuas Tunggal Persada - Indonesia
- Mercuria Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Trasteel International SA, Italy
- Billiton Holdings Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- SMC Global Power, Philippines
- Sindya Power Generating Company Private Ltd
- Orica Australia Pty. Ltd.
- PTC India Limited - India
- Sree Jayajothi Cements Limited - India
- Larsen & Toubro Limited - India
- Australian Coal Association
- Wood Mackenzie - Singapore
- GMR Energy Limited - India
- Aditya Birla Group - India
- Riau Bara Harum - Indonesia
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Pendopo Energi Batubara - Indonesia
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- GAC Shipping (India) Pvt Ltd
- Oldendorff Carriers - Singapore
- Medco Energi Mining Internasional
- Jaiprakash Power Ventures ltd
- Bhoruka Overseas - Indonesia
- Latin American Coal - Colombia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kepco SPC Power Corporation, Philippines
- Carbofer General Trading SA - India
- Siam City Cement PLC, Thailand
- Ministry of Finance - Indonesia
- Posco Energy - South Korea
- Ambuja Cements Ltd - India
- Electricity Authority, New Zealand
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Savvy Resources Ltd - HongKong
- Anglo American - United Kingdom
- Thiess Contractors Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMG Consultants - Indonesia
- Globalindo Alam Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Star Paper Mills Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Kalimantan Lumbung Energi - Indonesia
- The Treasury - Australian Government
- Indika Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Singapore Mercantile Exchange
- Tamil Nadu electricity Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Cement Manufacturers Association - India
- Pipit Mutiara Jaya. PT, Indonesia
- London Commodity Brokers - England
- Videocon Industries ltd - India
- Jindal Steel & Power Ltd - India
- New Zealand Coal & Carbon
- White Energy Company Limited
- McConnell Dowell - Australia
- Thai Mozambique Logistica
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
- LBH Netherlands Bv - Netherlands
- Mercator Lines Limited - India
- Bukit Baiduri Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bhushan Steel Limited - India
- Georgia Ports Authority, United States
- South Luzon Thermal Energy Corporation
- Malabar Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Wilmar Investment Holdings
- Sical Logistics Limited - India
- Economic Council, Georgia
- Aboitiz Power Corporation - Philippines
- Vedanta Resources Plc - India
- Parliament of New Zealand
- International Coal Ventures Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Binh Thuan Hamico - Vietnam
- Semirara Mining Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- CNBM International Corporation - China
- European Bulk Services B.V. - Netherlands
- Ministry of Transport, Egypt
- Marubeni Corporation - India
- Indo Tambangraya Megah - Indonesia
- Central Electricity Authority - India
- San Jose City I Power Corp, Philippines
- Deloitte Consulting - India
- Sarangani Energy Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The State Trading Corporation of India Ltd
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