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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, 02 March 17
ULTRAMAX: INDONESIA TO INDIA COAL ROUNDS IS BEING FIXED AT AROUND MID 11K BSS SINGAPORE DELIVERY - FEARNLEYS
Supramax
Holiday mode within Atlantic i.e. very few movements but rates remained still positive, mostly in the USG region where tight tonnage sup ...
Wednesday, 01 March 17
2017 IS LOOKING LIKE IT WILL BE A GOOD YEAR FOR A NUMBER OF COMMODITIES - LINOS KOGEVINAS
2017 is looking like it will be a good year for a number of commodities. Following the price recovery witnessed in 2016 across a number of commodit ...
Tuesday, 28 February 17
PORT OF NEWCASTLE SHIPPED 17.39% LESS COAL IN JANUARY; TRADE VALUE UP 11.87% M/M
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port has shipped $AU 1,625.6 M ...
Monday, 27 February 17
THE FREIGHT MARKET WAS FIRMED UP THIS PAST WEEK; BCI ROSE 57.64% W/W
COALspot.com: The Freight market was firmed up this past week.
The Baltic Exchange, tracking rates for ships carrying dry bulk commod ...
Friday, 24 February 17
RUSSIAN OIL AND GAS WITHSTANDS OIL PRICE SHOCK - FITCH RATINGS
Fitch Ratings says in a new report that the Russian oil and gas sector has withstood the oil price stock of 1H16. Key events of 2016 include record ...
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- VISA Power Limited - India
- Cement Manufacturers Association - India
- Central Electricity Authority - India
- Carbofer General Trading SA - India
- Sical Logistics Limited - India
- Lanco Infratech Ltd - India
- Kumho Petrochemical, South Korea
- Rio Tinto Coal - Australia
- Madhucon Powers Ltd - India
- Indian Oil Corporation Limited
- Jaiprakash Power Ventures ltd
- Borneo Indobara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- SMC Global Power, Philippines
- Economic Council, Georgia
- Miang Besar Coal Terminal - Indonesia
- Star Paper Mills Limited - India
- Port Waratah Coal Services - Australia
- Ministry of Finance - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement PLC, Thailand
- PetroVietnam Power Coal Import and Supply Company
- Directorate Of Revenue Intelligence - India
- Ind-Barath Power Infra Limited - India
- Indika Energy - Indonesia
- Wood Mackenzie - Singapore
- Wilmar Investment Holdings
- San Jose City I Power Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Planning Commission, India
- Electricity Authority, New Zealand
- Jindal Steel & Power Ltd - India
- Posco Energy - South Korea
- Attock Cement Pakistan Limited
- Anglo American - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- PowerSource Philippines DevCo
- Cigading International Bulk Terminal - Indonesia
- Indonesian Coal Mining Association
- Bulk Trading Sa - Switzerland
- Barasentosa Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Bukit Makmur.PT - Indonesia
- Xindia Steels Limited - India
- GMR Energy Limited - India
- Ceylon Electricity Board - Sri Lanka
- Global Coal Blending Company Limited - Australia
- IEA Clean Coal Centre - UK
- Kepco SPC Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Sindya Power Generating Company Private Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Trasteel International SA, Italy
- Latin American Coal - Colombia
- Alfred C Toepfer International GmbH - Germany
- London Commodity Brokers - England
- Toyota Tsusho Corporation, Japan
- Heidelberg Cement - Germany
- Merrill Lynch Commodities Europe
- Bangladesh Power Developement Board
- Kaltim Prima Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Altura Mining Limited, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kartika Selabumi Mining - Indonesia
- Riau Bara Harum - Indonesia
- Petron Corporation, Philippines
- Chamber of Mines of South Africa
- Mintek Dendrill Indonesia
- Essar Steel Hazira Ltd - India
- IHS Mccloskey Coal Group - USA
- Kobexindo Tractors - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Indian Energy Exchange, India
- Holcim Trading Pte Ltd - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Commonwealth Bank - Australia
- Tamil Nadu electricity Board
- Orica Mining Services - Indonesia
- Global Business Power Corporation, Philippines
- Australian Coal Association
- The State Trading Corporation of India Ltd
- Karbindo Abesyapradhi - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Edison Trading Spa - Italy
- Manunggal Multi Energi - Indonesia
- Indogreen Group - Indonesia
- Baramulti Group, Indonesia
- ICICI Bank Limited - India
- Power Finance Corporation Ltd., India
- Bharathi Cement Corporation - India
- CNBM International Corporation - China
- TeaM Sual Corporation - Philippines
- Sakthi Sugars Limited - India
- Marubeni Corporation - India
- Coalindo Energy - Indonesia
- Tata Chemicals Ltd - India
- MS Steel International - UAE
- Rashtriya Ispat Nigam Limited - India
- Leighton Contractors Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Chettinad Cement Corporation Ltd - India
- Oldendorff Carriers - Singapore
- Meralco Power Generation, Philippines
- PNOC Exploration Corporation - Philippines
- ASAPP Information Group - India
- White Energy Company Limited
- Eastern Coal Council - USA
- Renaissance Capital - South Africa
- Thai Mozambique Logistica
- Romanian Commodities Exchange
- GN Power Mariveles Coal Plant, Philippines
- Sree Jayajothi Cements Limited - India
- Africa Commodities Group - South Africa
- Bhoruka Overseas - Indonesia
- Mercator Lines Limited - India
- International Coal Ventures Pvt Ltd - India
- Vedanta Resources Plc - India
- Interocean Group of Companies - India
- Coastal Gujarat Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate General of MIneral and Coal - Indonesia
- Mjunction Services Limited - India
- Energy Development Corp, Philippines
- Bhatia International Limited - India
- Salva Resources Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Eastern Energy - Thailand
- Independent Power Producers Association of India
- Singapore Mercantile Exchange
- Semirara Mining Corp, Philippines
- Thiess Contractors Indonesia
- Parliament of New Zealand
- PTC India Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- New Zealand Coal & Carbon
- Medco Energi Mining Internasional
- GAC Shipping (India) Pvt Ltd
- Aboitiz Power Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- India Bulls Power Limited - India
- GVK Power & Infra Limited - India
- Formosa Plastics Group - Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Therma Luzon, Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Samtan Co., Ltd - South Korea
- McConnell Dowell - Australia
- Deloitte Consulting - India
- Standard Chartered Bank - UAE
- Neyveli Lignite Corporation Ltd, - India
- LBH Netherlands Bv - Netherlands
- Ministry of Mines - Canada
- SMG Consultants - Indonesia
- The University of Queensland
- Asmin Koalindo Tuhup - Indonesia
- Agrawal Coal Company - India
- Ministry of Transport, Egypt
- European Bulk Services B.V. - Netherlands
- Videocon Industries ltd - India
- South Luzon Thermal Energy Corporation
- Meenaskhi Energy Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Sojitz Corporation - Japan
- Australian Commodity Traders Exchange
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Orica Australia Pty. Ltd.
- The Treasury - Australian Government
- Sarangani Energy Corporation, Philippines
- Malabar Cements Ltd - India
- Electricity Generating Authority of Thailand
- Kohat Cement Company Ltd. - Pakistan
- Georgia Ports Authority, United States
- Timah Investasi Mineral - Indoneisa
- Central Java Power - Indonesia
- Coal and Oil Company - UAE
- Binh Thuan Hamico - Vietnam
- Intertek Mineral Services - Indonesia
- Siam City Cement - Thailand
- Karaikal Port Pvt Ltd - India
- Parry Sugars Refinery, India
- Vizag Seaport Private Limited - India
- Gujarat Sidhee Cement - India
- Bhushan Steel Limited - India
- Kideco Jaya Agung - Indonesia
- Indo Tambangraya Megah - Indonesia
- Globalindo Alam Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Minerals Council of Australia
- Pendopo Energi Batubara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Savvy Resources Ltd - HongKong
- Ambuja Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Aditya Birla Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Larsen & Toubro Limited - India
- Price Waterhouse Coopers - Russia
- Iligan Light & Power Inc, Philippines
- Goldman Sachs - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Dalmia Cement Bharat India
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