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Tuesday, 18 July 17
CHINA'S ECONOMY HAS BOOSTED OPTIMISM IN THE MARKET - GEORGE LAZARIDIS
 COALspot.com: China’s economy has boosted optimism in the market as its recently announced GDP growth for the second quarter of the year exceeded expectations.
Its economy expanded by 6.9% from a year earlier, beating expectations for a growth rate of 6.8% and matching the growth rate recorded in the first quarter of the year, said Allied shipping in its latest weekly report. This figure has been further supported by the rise in industrial output by 7.6% in June against a year earlier and a rise in retail sales and fixed-asset investments of 11% and 8.6% respectively.
According to George Lazaridis Head of Market Research & Asset Valuations of Allied, with all these figures beating expectations and helping support a rate up to now, which is significantly higher than the full year economic growth target of 6.5% set out by China’s government, we have seen a renewed optimism for commodity exporters and miners, while also boosting confidence as to the market prospects for dry bulker shippers, given that the trade for dry bulk commodities is still mainly driven by Chinese demand.
George Lazaridis further noted that, at the same time and despite this boost in optimism there are still voiced concerns in terms of the rising debt, overcapacity in several manufacturing sectors and the emergence of a possible bubble in the property sector. Given that most of the boost witnessed in the first half of the year has been mainly attributed to gains in all these three areas, there is a fear that their importance and role in bringing a potential reversal in fortunes for China’s economy has also grown significantly. As such there are still cautions being voiced as to the prospects of a potential slowdown in the second half of the year. For the time being however these are just voiced concerns, while it seems that given the recent trends China’s growth figure has become more robust and sustainable, especially as its consumer confidence and purchasing power in its home market has grown.
Head of Market Research & Asset Valuations of Allied further said, these boosts have been heavily reflected thus far in the performance of the dry bulk freight market during the same time period, with rates having shown a fair recovery compared to the daily earnings we had been witnessing a year back. Given the that China’s economic performance still plays an immensely significant role on the dry bulk market, with a fair share of the seaborne trade of dry bulk commodities still driven by Chinese demand, all eyes are heavily set on China so as to be able to get a sense of if we are really on a recovery path or not. At the same time the growth in the fleet has been kept under check during the first 6 months of the year, helping further improve the demand-supply balance in the market and support the improvement in freight rates that has been recorded thus far. Given that most have started to feel that this improved performance in China’s economy could help boost commodity exporters while also provide a stronger global consumer base from where other emerging markets can drive their own manufacturing and investment boom.
Given that we have seen another rally take place in freight rates in the midst of the summer lull period, and that most still hold high expectations as to the market performance in the final quarter of the year, it would be to no surprise if we witnessed another rally in the second hand market as buyers start flock back with even higher expectations of future earnings, driving in turn competition and another rally in asset prices. There has already been some slight indication of renewed buying interest, while it may well turn out that August will be a fairly busy month even when compared to previous years, he concluded in his latest weekly report.
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Wednesday, 12 July 17
COAL HAS CONTINUED A STELLAR RUN OVER THE PAST YEAR GAINING ~10% OVER THE PAST QUARTER AND ~41% OVER THE PAST YEAR - LINOS KOGEVINAS
Having just passed the second quarter of 2017, it is interesting to take a look at the performance of the commodity market and how certain commodit ...
Monday, 10 July 17
A ROLLERCOASTER YEAR FOR COAL PRICES; ICPR ROSE 4.62% M/M
COALspot.com: Indonesian coal benchmark price rose 4.62% in July, government data showed.
The benchmark price of Indonesian thermal c ...
Monday, 10 July 17
THE FREIGHT MARKET WAS SHOWS A NEGATIVE TREND WEEK OVER WEEK
COALspot.com: The Freight market decline this past week compared to the previous week, as BDI and Cape indexes show a negative trend week over week ...
Friday, 07 July 17
SHOULD WE BE AVOIDING GENERAL AVERAGE? - ALEX KEMP
KNOWLEDGE TO ELEVATE
Calls for general average to be abolished are nearly as old as the regime itself. A representative of Lloyd’s atten ...
Friday, 07 July 17
EIA ESTIMATES SHOW U.S WEEKLY COAL PRODUCTION UP 1.7 PERCENT
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15.9 million short tonn ...
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Showing 2006 to 2010 news of total 6871 |
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- Savvy Resources Ltd - HongKong
- Kumho Petrochemical, South Korea
- Electricity Authority, New Zealand
- Globalindo Alam Lestari - Indonesia
- CNBM International Corporation - China
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- LBH Netherlands Bv - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Riau Bara Harum - Indonesia
- Agrawal Coal Company - India
- AsiaOL BioFuels Corp., Philippines
- Bhoruka Overseas - Indonesia
- Videocon Industries ltd - India
- Bharathi Cement Corporation - India
- Metalloyd Limited - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement PLC, Thailand
- Bangladesh Power Developement Board
- Siam City Cement - Thailand
- Aboitiz Power Corporation - Philippines
- Australian Coal Association
- Thai Mozambique Logistica
- Banpu Public Company Limited - Thailand
- Indika Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Australian Commodity Traders Exchange
- Carbofer General Trading SA - India
- OPG Power Generation Pvt Ltd - India
- Edison Trading Spa - Italy
- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- Sical Logistics Limited - India
- IHS Mccloskey Coal Group - USA
- VISA Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Manunggal Multi Energi - Indonesia
- Aditya Birla Group - India
- Essar Steel Hazira Ltd - India
- Indo Tambangraya Megah - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- GMR Energy Limited - India
- Tamil Nadu electricity Board
- Mercator Lines Limited - India
- Madhucon Powers Ltd - India
- The Treasury - Australian Government
- Cement Manufacturers Association - India
- Kepco SPC Power Corporation, Philippines
- Chamber of Mines of South Africa
- Ceylon Electricity Board - Sri Lanka
- Jindal Steel & Power Ltd - India
- Indian Oil Corporation Limited
- Grasim Industreis Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining Corp, Philippines
- Bhatia International Limited - India
- Gujarat Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Energy Development Corp, Philippines
- Minerals Council of Australia
- Therma Luzon, Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Bukit Makmur.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Coastal Gujarat Power Limited - India
- Mintek Dendrill Indonesia
- Ambuja Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Antam Resourcindo - Indonesia
- Thiess Contractors Indonesia
- Africa Commodities Group - South Africa
- Trasteel International SA, Italy
- Global Business Power Corporation, Philippines
- Marubeni Corporation - India
- PNOC Exploration Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Larsen & Toubro Limited - India
- Samtan Co., Ltd - South Korea
- Eastern Energy - Thailand
- Vedanta Resources Plc - India
- Sinarmas Energy and Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Deloitte Consulting - India
- Kohat Cement Company Ltd. - Pakistan
- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- SMC Global Power, Philippines
- The University of Queensland
- Medco Energi Mining Internasional
- Ind-Barath Power Infra Limited - India
- Simpson Spence & Young - Indonesia
- Sree Jayajothi Cements Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indogreen Group - Indonesia
- Planning Commission, India
- Kartika Selabumi Mining - Indonesia
- Central Electricity Authority - India
- Ministry of Mines - Canada
- Bhushan Steel Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Vizag Seaport Private Limited - India
- Intertek Mineral Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Standard Chartered Bank - UAE
- Jaiprakash Power Ventures ltd
- Salva Resources Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Merrill Lynch Commodities Europe
- Borneo Indobara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Wilmar Investment Holdings
- Kobexindo Tractors - Indoneisa
- Sojitz Corporation - Japan
- The State Trading Corporation of India Ltd
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- Global Coal Blending Company Limited - Australia
- Latin American Coal - Colombia
- Mercuria Energy - Indonesia
- McConnell Dowell - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coalindo Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Mjunction Services Limited - India
- Bukit Baiduri Energy - Indonesia
- Central Java Power - Indonesia
- Kaltim Prima Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Port Waratah Coal Services - Australia
- Billiton Holdings Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- San Jose City I Power Corp, Philippines
- Energy Link Ltd, New Zealand
- Georgia Ports Authority, United States
- Cigading International Bulk Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Parliament of New Zealand
- Heidelberg Cement - Germany
- GAC Shipping (India) Pvt Ltd
- White Energy Company Limited
- Baramulti Group, Indonesia
- Indian Energy Exchange, India
- Pendopo Energi Batubara - Indonesia
- London Commodity Brokers - England
- Xindia Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- India Bulls Power Limited - India
- Orica Australia Pty. Ltd.
- SN Aboitiz Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Sarangani Energy Corporation, Philippines
- Goldman Sachs - Singapore
- Meralco Power Generation, Philippines
- Coal and Oil Company - UAE
- SMG Consultants - Indonesia
- Barasentosa Lestari - Indonesia
- Romanian Commodities Exchange
- Parry Sugars Refinery, India
- Gujarat Sidhee Cement - India
- Timah Investasi Mineral - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Iligan Light & Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Commonwealth Bank - Australia
- PowerSource Philippines DevCo
- Malabar Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Anglo American - United Kingdom
- Singapore Mercantile Exchange
- TeaM Sual Corporation - Philippines
- Wood Mackenzie - Singapore
- ICICI Bank Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- New Zealand Coal & Carbon
- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
- Power Finance Corporation Ltd., India
- Lanco Infratech Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Attock Cement Pakistan Limited
- Tata Chemicals Ltd - India
- Petron Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- South Luzon Thermal Energy Corporation
- Eastern Coal Council - USA
- Economic Council, Georgia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
- ASAPP Information Group - India
- Sakthi Sugars Limited - India
- Uttam Galva Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Orica Mining Services - Indonesia
- Oldendorff Carriers - Singapore
- CIMB Investment Bank - Malaysia
- GVK Power & Infra Limited - India
- PTC India Limited - India
- MS Steel International - UAE
- Rio Tinto Coal - Australia
- Krishnapatnam Port Company Ltd. - India
- Star Paper Mills Limited - India
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