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Tuesday, 08 August 17
THE BULLISH RIDE CONTINUES ON FOR THE IRON ORE MARKET - GEORGE LAZARIDIS
The bullish ride continues on for the iron ore market, with most in the market now eyeing the possibility for further gains to be had as Chinese steel prices continue to surge once more.
According to Allied shipping research, it seems as though the iron ore market has now hit what many claim to be a “sweet spot” in terms of prices, with the US$ 60-70 range considered to be good enough to provide the market with enough support for miners to be seeing their profitability ratings go up, but not so high to be pushing back in idle capacity and allowing for a renewed interest in new mining projects to take off.
At the same time, Allied George Lazaridis noted that, steel producers have been seeing their inventory levels being driven to low levels, encouraging most firms to raise their output levels and in turn bolster iron ore demand. The problem with this however, is that in part this has been explained by the anticipation held that a curb on Chinese steel production in the winter months could lead to supply shortages, as such driving many consumers to increase their inventories so as to avoid any supply chain disruptions. This curb in production is part of the Chinese governments call on steel producers to halve output in four northern provinces (Hebei, Shangxi, Shandong, Henan) as well as Beijing and Tianjin during the peak heating months (around late November to late February), in order to reduce emissions in each of these respective regions. This in turn leaves the question as to how demand will trend during the winter months, with an increase in stockpiles likely to push for softer demand levels in the final quarter of the year.
For the moment, according to George Lazaridis Head of Market Research & Asset Valuations of Allied, it seems as though the recent rally has started to level off, with the freight market already showing more moderate day-to-day increases compared to what we were seeing in the first half of last week. With August typically a slower month in terms of freight performance, we could well see things start to slow down once again and stay that way up until the first weeks of September. For now, the upward momentum for Capes and Panamaxes continues to endure, though in the case of both it has slowed down considerably now. We have however surpassed the psychological barrier of 1,000 points on the Baltic Dry Index, something that will surely play its role in feeding another round of optimism amongst owners and even possibly drive renewed interest in the second-hand market as owners look to bolster their position while prices still hold at relatively low levels. We have already started to see hints of such a development, with activity in the second-hand market already pointing to a slight improvement in asset prices.
George Lazaridis further noted in his research report, the almost four months high reached on Friday evening for iron ore prices has been a significant step and with the dry bulk fleet having seen its growth rate slow down considerably compared to what we were seeing in the first quarter of the year, we may well find some improved support in the freight market during the final months of the year.
Earnings overall have seen a considerable improvement during the first half of the year and this may well have led most to hold high expectations for the final quarter. However, given recent developments, even if the final quarter ends up disappointing compared to what most in the market were hoping to see, it seems as though the improvement in the market is still insight and on track.
Given that we have one of the smallest order-book to fleet ratios that we have seen in modern times and based on the fact that we have already started to reach some moderate supply/demand balance, there is plenty of reasoning for further such market rallies to take place, concluded Allied.
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Thursday, 28 September 17
CHINESE GOVERNMENT TO CANCEL DOMESTIC IRON ORE MINING RIGHTS - JEFFREY LANDSBERG
It has been reported that China will cancel roughly one third of its iron ore mining licenses, says Commodore Research & Consultancy in its lat ...
Tuesday, 26 September 17
REDUCING THE RISK OF LIQUEFACTION - IUMI
KNOWLEDGE TO ELEVATE
Liquefaction is a phenomenon that can take place in granular materials, such as soil or fine ore, where the beh ...
Tuesday, 26 September 17
THE CURRENT HIGHS IN THE DRY BULK FREIGHT MARKET WILL SURELY BE SURPASSED AND BY A CONSIDERABLE MARGIN IN THE NEXT YEAR OR SO - GEORGE LAZARIDIS
The Dry Bulk market con!nues to show a strong face amidst the favorable tail winds being seen, which have helped the Bal!c Dry Index inch above the ...
Monday, 25 September 17
CHOICES FOR SHIPPING AS 2020 APPROACHES? - CLARKSONS
Historically, the fuel of choice for the vast majority of large cargo ships has been heavy fuel oil. But in 2020, sulphur oxide emissions will be c ...
Monday, 25 September 17
THE FREIGHT MARKET ROSE IN ALL SEGMENTS EXCEPT PANAMAX WEEK OVER WEEK
COALspot.com: The freight market rose in all segments except Panamax week over week. Mainly Cape has supported to boosted up BDI this past week, BD ...
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Showing 1931 to 1935 news of total 6871 |
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- White Energy Company Limited
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Pendopo Energi Batubara - Indonesia
- Dalmia Cement Bharat India
- Wilmar Investment Holdings
- Globalindo Alam Lestari - Indonesia
- Petron Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Java Power - Indonesia
- Meenaskhi Energy Private Limited - India
- GVK Power & Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Georgia Ports Authority, United States
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sree Jayajothi Cements Limited - India
- Romanian Commodities Exchange
- Ambuja Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Wood Mackenzie - Singapore
- Kaltim Prima Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Bangladesh Power Developement Board
- Leighton Contractors Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- PNOC Exploration Corporation - Philippines
- The University of Queensland
- Marubeni Corporation - India
- TeaM Sual Corporation - Philippines
- Mercator Lines Limited - India
- Rashtriya Ispat Nigam Limited - India
- Anglo American - United Kingdom
- Bhushan Steel Limited - India
- Indika Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Economic Council, Georgia
- Minerals Council of Australia
- Kumho Petrochemical, South Korea
- Australian Commodity Traders Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- India Bulls Power Limited - India
- Essar Steel Hazira Ltd - India
- Orica Australia Pty. Ltd.
- Iligan Light & Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Latin American Coal - Colombia
- Samtan Co., Ltd - South Korea
- Jindal Steel & Power Ltd - India
- Karaikal Port Pvt Ltd - India
- Videocon Industries ltd - India
- Thai Mozambique Logistica
- Kideco Jaya Agung - Indonesia
- ASAPP Information Group - India
- Semirara Mining Corp, Philippines
- Australian Coal Association
- Indogreen Group - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Goldman Sachs - Singapore
- Timah Investasi Mineral - Indoneisa
- Tamil Nadu electricity Board
- Maharashtra Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Bulk Trading Sa - Switzerland
- Krishnapatnam Port Company Ltd. - India
- VISA Power Limited - India
- The Treasury - Australian Government
- Sical Logistics Limited - India
- Siam City Cement - Thailand
- Uttam Galva Steels Limited - India
- MS Steel International - UAE
- Sojitz Corporation - Japan
- Mercuria Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Planning Commission, India
- Kalimantan Lumbung Energi - Indonesia
- Agrawal Coal Company - India
- Gujarat Sidhee Cement - India
- Merrill Lynch Commodities Europe
- Standard Chartered Bank - UAE
- Xindia Steels Limited - India
- Altura Mining Limited, Indonesia
- GAC Shipping (India) Pvt Ltd
- AsiaOL BioFuels Corp., Philippines
- Bukit Baiduri Energy - Indonesia
- Indian Oil Corporation Limited
- Port Waratah Coal Services - Australia
- Carbofer General Trading SA - India
- Bhoruka Overseas - Indonesia
- Metalloyd Limited - United Kingdom
- Eastern Coal Council - USA
- Ministry of Mines - Canada
- Global Coal Blending Company Limited - Australia
- SMC Global Power, Philippines
- Semirara Mining and Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Singapore Mercantile Exchange
- Makarim & Taira - Indonesia
- Edison Trading Spa - Italy
- Interocean Group of Companies - India
- Parry Sugars Refinery, India
- Directorate Of Revenue Intelligence - India
- SMG Consultants - Indonesia
- Energy Development Corp, Philippines
- Rio Tinto Coal - Australia
- Kapuas Tunggal Persada - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Thiess Contractors Indonesia
- Intertek Mineral Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Aditya Birla Group - India
- PetroVietnam Power Coal Import and Supply Company
- Riau Bara Harum - Indonesia
- Parliament of New Zealand
- Posco Energy - South Korea
- Power Finance Corporation Ltd., India
- ICICI Bank Limited - India
- San Jose City I Power Corp, Philippines
- Africa Commodities Group - South Africa
- Formosa Plastics Group - Taiwan
- Price Waterhouse Coopers - Russia
- Bayan Resources Tbk. - Indonesia
- Baramulti Group, Indonesia
- Commonwealth Bank - Australia
- Bhatia International Limited - India
- Tata Chemicals Ltd - India
- Kepco SPC Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Vedanta Resources Plc - India
- Billiton Holdings Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Cement Manufacturers Association - India
- Electricity Generating Authority of Thailand
- Antam Resourcindo - Indonesia
- Ceylon Electricity Board - Sri Lanka
- London Commodity Brokers - England
- Mjunction Services Limited - India
- Sindya Power Generating Company Private Ltd
- Aboitiz Power Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Simpson Spence & Young - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- European Bulk Services B.V. - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Malabar Cements Ltd - India
- Grasim Industreis Ltd - India
- McConnell Dowell - Australia
- Oldendorff Carriers - Singapore
- Toyota Tsusho Corporation, Japan
- Eastern Energy - Thailand
- IEA Clean Coal Centre - UK
- Petrochimia International Co. Ltd.- Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Chamber of Mines of South Africa
- Deloitte Consulting - India
- Attock Cement Pakistan Limited
- Holcim Trading Pte Ltd - Singapore
- Lanco Infratech Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coal and Oil Company - UAE
- Meralco Power Generation, Philippines
- Chettinad Cement Corporation Ltd - India
- Kobexindo Tractors - Indoneisa
- New Zealand Coal & Carbon
- Ministry of Transport, Egypt
- Ind-Barath Power Infra Limited - India
- Larsen & Toubro Limited - India
- Renaissance Capital - South Africa
- Gujarat Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- The State Trading Corporation of India Ltd
- GMR Energy Limited - India
- Medco Energi Mining Internasional
- Savvy Resources Ltd - HongKong
- Miang Besar Coal Terminal - Indonesia
- Heidelberg Cement - Germany
- Mintek Dendrill Indonesia
- Coalindo Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Star Paper Mills Limited - India
- Independent Power Producers Association of India
- PTC India Limited - India
- Energy Link Ltd, New Zealand
- Indo Tambangraya Megah - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Maheswari Brothers Coal Limited - India
- OPG Power Generation Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Manunggal Multi Energi - Indonesia
- PowerSource Philippines DevCo
- Global Business Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Barasentosa Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Central Electricity Authority - India
- Borneo Indobara - Indonesia
- Bharathi Cement Corporation - India
- Siam City Cement PLC, Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TNB Fuel Sdn Bhd - Malaysia
- CNBM International Corporation - China
- Indian Energy Exchange, India
- Vizag Seaport Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Orica Mining Services - Indonesia
- Madhucon Powers Ltd - India
- Electricity Authority, New Zealand
- South Luzon Thermal Energy Corporation
- Asia Pacific Energy Resources Ventures Inc, Philippines
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