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Tuesday, 14 August 18
THE CAPESIZE MARKET HAS SHOWN A TREMENDOUS COURSE DURING THE PAST 12 MONTHS - THOMAS CHASAPIS
 The Capesize market has shown a tremendous course during the past 12 months, having quickly climbed out of the “hole that it had found itself in” back in 2016 and pushed back to respectable earning levels during the latter half of 2017 and this year.
According to the latest weekly report from Allied ship broking, at the same time, The Baltic Capesize Index (BCI) hit the 3,632 basis points one week ago, which was its highest point in the year so far. In addition to this, the average figure so far for the summer period has outperformed the respective figures quoted for the same seasonal period for the past 5 years. While we are at a peak point for the year, it seems bizarre that this is taking place right in the midst of August, given that historically the first half of August has been a softer time point in the year, while the market usually recovers from a low point in the second half of August.
The report further said, having already covered the coal market in previous weeks and how has played its part in helping boost freight market conditions in the short run for the bigger size segments, it is time we taken a second look at is going on in most critical commodity (in terms of volumes shipped) for the dry bulk space. Iron ore has held a bullish face as of late, with its price moving close to $70/ton, well above the once considered normalization level of around $60/ton. Strong conditions noted in the steel market, as well as reduced stock piles have helped push considerably for a considerable tightening in the market and a strong jump in terms of pricing. Indicatively, for the month of June, steel output in China was up by around 7.5% year-on-year, while in the face of the trade dispute it currently finds itself in, the short-term economic growth has been boosted substantially as most are seemingly seeking to boost production volumes before the “storm” hits.
Thomas Chasapis, Research Analyst of Allied says in his latest weekly report, having mentioned the positive drivers, it seems as though things can be said to look as rosy when looking at the macroeconomic prospects of this commodity’s market. In the short run, even with most factors laying in favor of a robust market, a softening Chinese currency can surely alter the dynamics and weaken trade as the local price starts to escalate. Furthermore, signs of easing back of the Chinese economy already being noted and given that we haven’t seen the true impact of its current trade disruptions with the United States, it is hard to see a scenario where by steel production volumes continue to rise at their current pace and in effect drive for ever higher demand for iron ore imports.
According to Thomas Chasapis, all-in-all, the scene in the market can be sometimes rather deceptive. So far, healthy appetite for steel products and strong import volumes on the back of falling Chinese domestic iron ore production and shift towards ever more higher-grade iron ore (from Australia and Brazil) has driven many to speculate on a very firm final quarter for the year, with a rally that they feel will prove to be heftier than that of the previous year. However, let’s not forget that there are still some “cracks” to be noted in the robustness of the current trend seen. Furthermore, there may well be signs that the overall seasonality patterns have changed somewhat, something that could well lead to a market peak prior to the fourth quarter. Nevertheless, this doesn’t necessarily indicate a bearish mode to be held either. Even if the market falls short on expectations this is still fair reason to anticipate a good performance for the remainder of the year, consisted by moderate earnings and an overall balanced state with no or limited exaggerations Thomas Chasapis concluded in its report.
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Thursday, 24 May 18
SUPRAS FIXING AROUND USD 15000 FOR INDO TO CHINA COAL TRIPS - FEARNLEYS
Capesize
Both the physical and the paper market have dropped sharply the last couple of days on the back of a lack of fresh cargoes and a growing ...
Thursday, 24 May 18
FITCH: FALLING COAL INVESTMENT TO SUPPORT ASIAN PRICES
Press Release: The long-term outlook for the Asian thermal coal prices is improving, amid rising regional demand and falling mining investment, whi ...
Thursday, 24 May 18
BEIJING ORDERS UTILITIES, MINERS TO HELP COOL RED-HOT COAL MARKET: SOURCES - REUTERS
China’s state planner ordered utilities this week to stop stockpiling thermal coal and told miners to slash prices, two sources familiar with ...
Wednesday, 23 May 18
TANKER MARKET INSIGHT - TIMOS PAPADIMITRIOU
In the last six months we have seen more than 110 reported tanker transactions involving tonnage larger than 32k dwt and younger than 18 years old. ...
Friday, 18 May 18
AFTER COAL, INDONESIAN GOVERNMENT PUSHES DMO ON GAS FOR ELECTRICITY
After introducing its domestic market obligation (DMO) policy for coal on March 12, the government is going forward with its plan to introduce a DM ...
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Showing 1716 to 1720 news of total 6871 |
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- Lanco Infratech Ltd - India
- Kepco SPC Power Corporation, Philippines
- Ministry of Mines - Canada
- VISA Power Limited - India
- Renaissance Capital - South Africa
- PNOC Exploration Corporation - Philippines
- ICICI Bank Limited - India
- OPG Power Generation Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Thiess Contractors Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Carbofer General Trading SA - India
- San Jose City I Power Corp, Philippines
- PowerSource Philippines DevCo
- Africa Commodities Group - South Africa
- Kaltim Prima Coal - Indonesia
- Port Waratah Coal Services - Australia
- Marubeni Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Romanian Commodities Exchange
- Indo Tambangraya Megah - Indonesia
- Gujarat Sidhee Cement - India
- Sakthi Sugars Limited - India
- Edison Trading Spa - Italy
- Antam Resourcindo - Indonesia
- Power Finance Corporation Ltd., India
- Singapore Mercantile Exchange
- Independent Power Producers Association of India
- The State Trading Corporation of India Ltd
- Miang Besar Coal Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Planning Commission, India
- Rio Tinto Coal - Australia
- Tata Chemicals Ltd - India
- Oldendorff Carriers - Singapore
- Star Paper Mills Limited - India
- Kartika Selabumi Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Meralco Power Generation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Energy Development Corp, Philippines
- TeaM Sual Corporation - Philippines
- Interocean Group of Companies - India
- Kohat Cement Company Ltd. - Pakistan
- Merrill Lynch Commodities Europe
- Bukit Asam (Persero) Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Vizag Seaport Private Limited - India
- The Treasury - Australian Government
- Barasentosa Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- CNBM International Corporation - China
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- Australian Coal Association
- New Zealand Coal & Carbon
- Indonesian Coal Mining Association
- SN Aboitiz Power Inc, Philippines
- Commonwealth Bank - Australia
- South Luzon Thermal Energy Corporation
- Rashtriya Ispat Nigam Limited - India
- Bhushan Steel Limited - India
- Bangladesh Power Developement Board
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Price Waterhouse Coopers - Russia
- Sical Logistics Limited - India
- Iligan Light & Power Inc, Philippines
- Madhucon Powers Ltd - India
- Parliament of New Zealand
- Mercator Lines Limited - India
- Central Electricity Authority - India
- Vedanta Resources Plc - India
- Krishnapatnam Port Company Ltd. - India
- Coastal Gujarat Power Limited - India
- PTC India Limited - India
- Manunggal Multi Energi - Indonesia
- Wood Mackenzie - Singapore
- Karaikal Port Pvt Ltd - India
- Coalindo Energy - Indonesia
- Indian Oil Corporation Limited
- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- Larsen & Toubro Limited - India
- CIMB Investment Bank - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Electricity Authority, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Latin American Coal - Colombia
- Binh Thuan Hamico - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Tamil Nadu electricity Board
- Kideco Jaya Agung - Indonesia
- Georgia Ports Authority, United States
- Mjunction Services Limited - India
- Pendopo Energi Batubara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- Ind-Barath Power Infra Limited - India
- IEA Clean Coal Centre - UK
- Dalmia Cement Bharat India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cement Manufacturers Association - India
- Kalimantan Lumbung Energi - Indonesia
- SMG Consultants - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- London Commodity Brokers - England
- Goldman Sachs - Singapore
- Therma Luzon, Inc, Philippines
- Bhoruka Overseas - Indonesia
- Economic Council, Georgia
- Bulk Trading Sa - Switzerland
- Videocon Industries ltd - India
- Ministry of Finance - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Commodity Traders Exchange
- Orica Australia Pty. Ltd.
- GMR Energy Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement - Thailand
- Standard Chartered Bank - UAE
- Bharathi Cement Corporation - India
- Agrawal Coal Company - India
- Kumho Petrochemical, South Korea
- Mercuria Energy - Indonesia
- Riau Bara Harum - Indonesia
- Posco Energy - South Korea
- Baramulti Group, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Sojitz Corporation - Japan
- Parry Sugars Refinery, India
- GAC Shipping (India) Pvt Ltd
- Medco Energi Mining Internasional
- Globalindo Alam Lestari - Indonesia
- Grasim Industreis Ltd - India
- Siam City Cement PLC, Thailand
- Indika Energy - Indonesia
- Anglo American - United Kingdom
- Uttam Galva Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Simpson Spence & Young - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Leighton Contractors Pty Ltd - Australia
- Trasteel International SA, Italy
- Bayan Resources Tbk. - Indonesia
- Indogreen Group - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Altura Mining Limited, Indonesia
- GVK Power & Infra Limited - India
- Borneo Indobara - Indonesia
- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
- MS Steel International - UAE
- Heidelberg Cement - Germany
- International Coal Ventures Pvt Ltd - India
- Deloitte Consulting - India
- India Bulls Power Limited - India
- Eastern Coal Council - USA
- Thai Mozambique Logistica
- Toyota Tsusho Corporation, Japan
- Sinarmas Energy and Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Indian Energy Exchange, India
- Jaiprakash Power Ventures ltd
- Holcim Trading Pte Ltd - Singapore
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- Directorate General of MIneral and Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Timah Investasi Mineral - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Global Business Power Corporation, Philippines
- Attock Cement Pakistan Limited
- European Bulk Services B.V. - Netherlands
- Electricity Generating Authority of Thailand
- Essar Steel Hazira Ltd - India
- McConnell Dowell - Australia
- Aditya Birla Group - India
- Eastern Energy - Thailand
- Bhatia International Limited - India
- SMC Global Power, Philippines
- ASAPP Information Group - India
- Petron Corporation, Philippines
- Formosa Plastics Group - Taiwan
- White Energy Company Limited
- Orica Mining Services - Indonesia
- Wilmar Investment Holdings
- Xindia Steels Limited - India
- The University of Queensland
- Kobexindo Tractors - Indoneisa
- Sree Jayajothi Cements Limited - India
- Directorate Of Revenue Intelligence - India
- Semirara Mining Corp, Philippines
- Makarim & Taira - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Global Coal Blending Company Limited - Australia
- Ambuja Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Minerals Council of Australia
- LBH Netherlands Bv - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Malabar Cements Ltd - India
- Straits Asia Resources Limited - Singapore
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