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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, 04 May 17
SUPRAMAX: INDO COAL ROUNDS LEVELS WITH DELIVERY CHINA IS TRADING AROUND LOW $6K, TRIP BACK TO CHINA
Supramax
The short week brought weaker rates across all routes. Supras from USG to Japan were fixed around $19-20 k daily and from ECSA to ECI $1 ...
Wednesday, 03 May 17
MALAYSIA SEEMS AS BIGGEST ADARO COAL IMPORTER IN Q1' 17
COALspot.com: In 1Q17, 30% of Adaro's sales went to Indonesia, the data from unaudited consolidated financial statement shows.
Malaysia ca ...
Wednesday, 03 May 17
MARKET INSIGHT - STELIOS KOLLINTZAS
The overall performance of each sector within the edible oil markets has remained poor for the past weeks. Apart from the veg oil exports fro ...
Tuesday, 02 May 17
THE FREIGHT MARKET CONTINUE TO SLUMP THIS PAST WEEK
COALspot.com: The Freight market continues to slump this past week, as all segments except Handy Size show a negative downward trend.
The Balt ...
Friday, 28 April 17
U.S PRODUCED LESS COAL THIS PAST WEEK COMPARED TO THE PREVIOUS WEEK - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 14 million short tons ( ...
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Showing 2056 to 2060 news of total 6871 |
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- Orica Mining Services - Indonesia
- GVK Power & Infra Limited - India
- Coastal Gujarat Power Limited - India
- Sree Jayajothi Cements Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Authority, New Zealand
- New Zealand Coal & Carbon
- Vedanta Resources Plc - India
- Bhoruka Overseas - Indonesia
- SN Aboitiz Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Coal Council - USA
- Globalindo Alam Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Finance - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- CNBM International Corporation - China
- Rio Tinto Coal - Australia
- Siam City Cement PLC, Thailand
- Chamber of Mines of South Africa
- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
- GAC Shipping (India) Pvt Ltd
- Simpson Spence & Young - Indonesia
- Medco Energi Mining Internasional
- Aboitiz Power Corporation - Philippines
- Singapore Mercantile Exchange
- TeaM Sual Corporation - Philippines
- Bulk Trading Sa - Switzerland
- LBH Netherlands Bv - Netherlands
- Sindya Power Generating Company Private Ltd
- IHS Mccloskey Coal Group - USA
- Sarangani Energy Corporation, Philippines
- Merrill Lynch Commodities Europe
- Australian Commodity Traders Exchange
- Thiess Contractors Indonesia
- Aditya Birla Group - India
- Oldendorff Carriers - Singapore
- South Luzon Thermal Energy Corporation
- GN Power Mariveles Coal Plant, Philippines
- Central Electricity Authority - India
- Ceylon Electricity Board - Sri Lanka
- Larsen & Toubro Limited - India
- Eastern Energy - Thailand
- Vizag Seaport Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- Formosa Plastics Group - Taiwan
- Indo Tambangraya Megah - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bangladesh Power Developement Board
- Holcim Trading Pte Ltd - Singapore
- Kideco Jaya Agung - Indonesia
- Essar Steel Hazira Ltd - India
- Binh Thuan Hamico - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- The University of Queensland
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Karaikal Port Pvt Ltd - India
- Bharathi Cement Corporation - India
- Cement Manufacturers Association - India
- McConnell Dowell - Australia
- Jaiprakash Power Ventures ltd
- Sojitz Corporation - Japan
- Economic Council, Georgia
- Kaltim Prima Coal - Indonesia
- Bhushan Steel Limited - India
- Meralco Power Generation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Global Green Power PLC Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Development Corp, Philippines
- Petron Corporation, Philippines
- Kumho Petrochemical, South Korea
- Georgia Ports Authority, United States
- Xindia Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Parliament of New Zealand
- Star Paper Mills Limited - India
- IEA Clean Coal Centre - UK
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- Mercator Lines Limited - India
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- Asmin Koalindo Tuhup - Indonesia
- Trasteel International SA, Italy
- Ministry of Mines - Canada
- Borneo Indobara - Indonesia
- Barasentosa Lestari - Indonesia
- Carbofer General Trading SA - India
- Pendopo Energi Batubara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Grasim Industreis Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Agrawal Coal Company - India
- Sinarmas Energy and Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- Posco Energy - South Korea
- Goldman Sachs - Singapore
- Mercuria Energy - Indonesia
- ASAPP Information Group - India
- Savvy Resources Ltd - HongKong
- Bukit Baiduri Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Australian Coal Association
- Neyveli Lignite Corporation Ltd, - India
- The Treasury - Australian Government
- Antam Resourcindo - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Energy Link Ltd, New Zealand
- Uttam Galva Steels Limited - India
- Romanian Commodities Exchange
- Minerals Council of Australia
- ICICI Bank Limited - India
- Ministry of Transport, Egypt
- Tamil Nadu electricity Board
- TNB Fuel Sdn Bhd - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Planning Commission, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Directorate Of Revenue Intelligence - India
- GMR Energy Limited - India
- Videocon Industries ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- CIMB Investment Bank - Malaysia
- Orica Australia Pty. Ltd.
- Central Java Power - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bayan Resources Tbk. - Indonesia
- Sical Logistics Limited - India
- Metalloyd Limited - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Miang Besar Coal Terminal - Indonesia
- MS Steel International - UAE
- Semirara Mining Corp, Philippines
- London Commodity Brokers - England
- Siam City Cement - Thailand
- Baramulti Group, Indonesia
- OPG Power Generation Pvt Ltd - India
- Parry Sugars Refinery, India
- Standard Chartered Bank - UAE
- Lanco Infratech Ltd - India
- Global Business Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Maheswari Brothers Coal Limited - India
- International Coal Ventures Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- SMC Global Power, Philippines
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- Electricity Generating Authority of Thailand
- Kalimantan Lumbung Energi - Indonesia
- Mjunction Services Limited - India
- Dalmia Cement Bharat India
- Gujarat Sidhee Cement - India
- Kepco SPC Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Makarim & Taira - Indonesia
- Ambuja Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Indika Energy - Indonesia
- India Bulls Power Limited - India
- White Energy Company Limited
- VISA Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- PTC India Limited - India
- Independent Power Producers Association of India
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Marubeni Corporation - India
- Kobexindo Tractors - Indoneisa
- Port Waratah Coal Services - Australia
- Indian Energy Exchange, India
- Thai Mozambique Logistica
- PowerSource Philippines DevCo
- San Jose City I Power Corp, Philippines
- Mintek Dendrill Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sakthi Sugars Limited - India
- Malabar Cements Ltd - India
- Altura Mining Limited, Indonesia
- Renaissance Capital - South Africa
- PNOC Exploration Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Coalindo Energy - Indonesia
- Commonwealth Bank - Australia
- Indian Oil Corporation Limited
- Edison Trading Spa - Italy
- Straits Asia Resources Limited - Singapore
- The State Trading Corporation of India Ltd
- SMG Consultants - Indonesia
- Iligan Light & Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Anglo American - United Kingdom
- Heidelberg Cement - Germany
- Coal and Oil Company - UAE
- Bhatia International Limited - India
- Tata Chemicals Ltd - India
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