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Tuesday, 30 August 16
THE SUDDEN SURGE IN IRON ORE TRADE HAS CREPT UP ON THE MARKET THIS PAST WEEK - GEORGE LAZARIDIS
 The sudden surge in Iron ore trade has crept up on the market this past week bringing about a change in the prospects for Capes. Continued increases in China’s daily steel output, feeding the excessive production in steel products, along with the recent restocking by Chinese steel mills that has started to take shape over the past couple of weeks has allowed for a positive trend to develop on the demand side, said Allied in its latest weekly report.
According to Allied's weekly report, prices for Iron ore have been reflective of this with the upward trajectory noted during 2016 having been boosted significantly over the past couple of weeks, as prices brake above the US$ 60 a tonne mark. The last time this trend in price had been noted was back in April with the price of iron ore peaking at US$ 70.5 a tonne and the Baltic Capesize index reaching a high of 1,160 both on the 27th of April.
George Lazaridis, Head of Market Research & Asset Valuations of Allied further said in its report, at the same time, and given the recent trends in the supply side of the Capesize size segment, the balance in the market is in better shape then what it was in the first quarter of the year.
In 2016, up until the end of July, the capesize fleet has decreased by 5 vessels which is equivalent to 0.33% change in the trading fleet. This is by no means anything major as a figure, especially given the fact that the market has been battling an oversupply of tonnage issue for more than two years now. What’s more is that the order book still sits at around 12.5% of the current trading fleet. As such, the fear is that although a temporary halt in fleet growth has been reached, with only 94 vessels in the trading fleet which are over 20 years of age and an equal amount of newbuildings still scheduled for delivery within this year with a further 53 and 43 scheduled for delivery within 2017 and 2018 respectively, it seems as though it will be very hard to keep the supply side trends as they are now. As such keen eyes are set to some sort of balance being brought about by any improvements in demand.
Commenting on Seaborne thermal coal trade George Lazaridis says, there has been little positive signs to note from the coal trade this year, with India being the main country noting positive import growth in 2015 and 2016, while it is also looking to develop and rely more so in its internal production rather than from imports from any of the major coal producing countries. As such the burden that falls on the Iron ore trade is not only to fuel its own growth but to do it by such a margin that could help cover the excess demand slack being generated from the weaker coal trade. As such this is the major issue to be battled on the demand side.
China, which is the world’s largest importer of Iron ore and the largest consumer of steel products, has not been in the best state in terms of economic growth to be able to fuel the same percentage growth in the trade as it had done in the past. The recent re-emergence of its real estate property boom has played a positive role, however as its central government’s focus has shifted more so in propping the service side of its economy, fear is that we will struggle to see double digit growth figures in the future for industrial commodities such as iron ore.
For the moment China’s mammoth size and still improving economy (albeit at a slower pace) still generates a fair amount of demand. To what extent and how this will be able to generate a new freight rate boom in the Capesize sector is hard to see, he concluded in its report.
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Friday, 02 September 16
EIA FORECASTS U.S. COAL EXPORTS TO DECLINE BY 19 MMST IN 2016 TO 55 MMST
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.3 million sho ...
Thursday, 01 September 16
SUPRAMAX GETTING LEVELS OF MID/HIGHER 7K DELIVERY SINGAPORE FOR TRIPS TO CHINA AND AROUND 9K FOR DIRECTION INDIA - FEARNLEYS
Supramax
This week started slower with London on bank holiday Monday. The south east Asian market seems to have been taking a breather with chart ...
Thursday, 01 September 16
AUSTRALIA'S NEWCASTLE PORT SHIPPED 2.33 PERCENT MORE COAL IN JULY
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port has shipped $AU 1.10 bill ...
Wednesday, 31 August 16
THE DRY BULK MARKET MANAGED TO FIND FURTHER SUPPORT DURING THE LAST DAYS OF THE SUMMER SEASON - INTERMODAL
The Dry Bulk market managed to find further support during the last days of the summer season, with the BDI climbing above 700 last Friday, reachin ...
Monday, 29 August 16
THE 5000 GAR THERMAL COAL INDEX HAS STRENGTHENED BY 9.90% SINCE JANUARY
COALspot.com: A rally in thermal coal prices over the past few months, after years of decline, is still continuing upward and it is expected to ral ...
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- Attock Cement Pakistan Limited
- Tata Chemicals Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Marubeni Corporation - India
- Indika Energy - Indonesia
- McConnell Dowell - Australia
- India Bulls Power Limited - India
- Eastern Coal Council - USA
- CNBM International Corporation - China
- Asmin Koalindo Tuhup - Indonesia
- Bukit Makmur.PT - Indonesia
- Mercator Lines Limited - India
- Indian Oil Corporation Limited
- Karaikal Port Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- GVK Power & Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Kaltim Prima Coal - Indonesia
- Anglo American - United Kingdom
- Essar Steel Hazira Ltd - India
- IEA Clean Coal Centre - UK
- Latin American Coal - Colombia
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Metalloyd Limited - United Kingdom
- Chamber of Mines of South Africa
- Bharathi Cement Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Antam Resourcindo - Indonesia
- Meenaskhi Energy Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Coalindo Energy - Indonesia
- Larsen & Toubro Limited - India
- Globalindo Alam Lestari - Indonesia
- Oldendorff Carriers - Singapore
- SN Aboitiz Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Binh Thuan Hamico - Vietnam
- Bulk Trading Sa - Switzerland
- Price Waterhouse Coopers - Russia
- Makarim & Taira - Indonesia
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- Planning Commission, India
- Rashtriya Ispat Nigam Limited - India
- Therma Luzon, Inc, Philippines
- Ministry of Mines - Canada
- Global Green Power PLC Corporation, Philippines
- Malabar Cements Ltd - India
- Tamil Nadu electricity Board
- The Treasury - Australian Government
- Eastern Energy - Thailand
- SMG Consultants - Indonesia
- Maheswari Brothers Coal Limited - India
- Videocon Industries ltd - India
- Bhoruka Overseas - Indonesia
- Global Business Power Corporation, Philippines
- Singapore Mercantile Exchange
- Indian Energy Exchange, India
- Bayan Resources Tbk. - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- ICICI Bank Limited - India
- Madhucon Powers Ltd - India
- Banpu Public Company Limited - Thailand
- Aboitiz Power Corporation - Philippines
- MS Steel International - UAE
- Power Finance Corporation Ltd., India
- Sindya Power Generating Company Private Ltd
- Siam City Cement PLC, Thailand
- Posco Energy - South Korea
- Manunggal Multi Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Meralco Power Generation, Philippines
- Sinarmas Energy and Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Xindia Steels Limited - India
- Parliament of New Zealand
- South Luzon Thermal Energy Corporation
- Ind-Barath Power Infra Limited - India
- Bangladesh Power Developement Board
- Iligan Light & Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Edison Trading Spa - Italy
- Independent Power Producers Association of India
- Commonwealth Bank - Australia
- Sakthi Sugars Limited - India
- Energy Link Ltd, New Zealand
- GMR Energy Limited - India
- Gujarat Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- OPG Power Generation Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- The State Trading Corporation of India Ltd
- Ministry of Finance - Indonesia
- Port Waratah Coal Services - Australia
- Altura Mining Limited, Indonesia
- ASAPP Information Group - India
- Indonesian Coal Mining Association
- Dalmia Cement Bharat India
- AsiaOL BioFuels Corp., Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Uttam Galva Steels Limited - India
- Romanian Commodities Exchange
- Bhatia International Limited - India
- The University of Queensland
- White Energy Company Limited
- Baramulti Group, Indonesia
- Timah Investasi Mineral - Indoneisa
- Petron Corporation, Philippines
- Economic Council, Georgia
- Kalimantan Lumbung Energi - Indonesia
- Orica Mining Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Indogreen Group - Indonesia
- Sical Logistics Limited - India
- Vedanta Resources Plc - India
- Toyota Tsusho Corporation, Japan
- Wilmar Investment Holdings
- Standard Chartered Bank - UAE
- Thiess Contractors Indonesia
- Simpson Spence & Young - Indonesia
- TeaM Sual Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Bahari Cakrawala Sebuku - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Straits Asia Resources Limited - Singapore
- Energy Development Corp, Philippines
- Intertek Mineral Services - Indonesia
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- PTC India Limited - India
- Riau Bara Harum - Indonesia
- Rio Tinto Coal - Australia
- LBH Netherlands Bv - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Central Java Power - Indonesia
- Mjunction Services Limited - India
- Goldman Sachs - Singapore
- IHS Mccloskey Coal Group - USA
- Kideco Jaya Agung - Indonesia
- Sarangani Energy Corporation, Philippines
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- Electricity Authority, New Zealand
- Thai Mozambique Logistica
- New Zealand Coal & Carbon
- Lanco Infratech Ltd - India
- Samtan Co., Ltd - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Australian Coal Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kumho Petrochemical, South Korea
- Central Electricity Authority - India
- Bukit Baiduri Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Africa Commodities Group - South Africa
- San Jose City I Power Corp, Philippines
- Deloitte Consulting - India
- Mercuria Energy - Indonesia
- Medco Energi Mining Internasional
- Leighton Contractors Pty Ltd - Australia
- Ministry of Transport, Egypt
- Jorong Barutama Greston.PT - Indonesia
- Coal and Oil Company - UAE
- Gujarat Mineral Development Corp Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Parry Sugars Refinery, India
- VISA Power Limited - India
- SMC Global Power, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Cement Manufacturers Association - India
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- CIMB Investment Bank - Malaysia
- Global Coal Blending Company Limited - Australia
- Agrawal Coal Company - India
- Bukit Asam (Persero) Tbk - Indonesia
- Minerals Council of Australia
- Savvy Resources Ltd - HongKong
- Renaissance Capital - South Africa
- Trasteel International SA, Italy
- Barasentosa Lestari - Indonesia
- Borneo Indobara - Indonesia
- Star Paper Mills Limited - India
- Coastal Gujarat Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Georgia Ports Authority, United States
- Orica Australia Pty. Ltd.
- Directorate Of Revenue Intelligence - India
- Kartika Selabumi Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Australian Commodity Traders Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Interocean Group of Companies - India
- London Commodity Brokers - England
- Ambuja Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wood Mackenzie - Singapore
- Kobexindo Tractors - Indoneisa
- Grasim Industreis Ltd - India
- Electricity Generating Authority of Thailand
- Bhushan Steel Limited - India
- Semirara Mining Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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