We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 30 September 20
MARKET INSIGHT - INTERMODAL
 Spot rates for Capesize bulk carriers received a significant boost last week, however, there are certain reservations in the market regarding the potential levels we will see during the last quarter of the year. When looking at the iron ore market we notice various positive fundamentals driving and supporting the long term dynamics that are in turn, having an impact on the freight levels for the commodity.
Iron ore prices have now declined after surging to their highest levels in more than six years earlier in September this year, on the back of supply disruptions in Brazil and record steel output in China. Market watchers have warned of a possible near-term slowdown in prices this month, though major financial institutions and analysts have mentioned that strong Chinese demand will most likely support prices for the rest of the year. China’s dominance in iron ore consumption gives it considerable capacity to set global prices. Chinese steel production is forecasted to drop slightly to 987 million tonnes this year, before potentially rebounding to more than 1 billion tons in 2021. China imports more than 70% of seaborne iron ore to feed its steel industry -which is the world’s most prominent.
On the supply side, Australia is dominant as it tops global annual iron ore exports. The commodity earns the country a substantial AUD100 billion in annual revenue. Sources in Australia are expecting elevated iron ore prices for the next two years. It is projected that commodity exports of the country will again thrive in the year ahead, which highlights the economic opportunity presented by the absence of a high number of coronavirus cases in Western Australia - which is responsible for the vast majority of Australia's iron ore production. Australian miners have been enjoying the strongest iron ore prices in six years on the back of record Chinese demand and supply disruptions in Brazil, where dam safety and issues caused by the pandemic have adversely affected output levels.
Also underpinning iron ore prices in the short term are constraints on Brazilian supply. Vale SA is now facing tougher regulatory requirements following the consequences of the dam disaster coupled with the current coronavirus situation which is derailing production plans. In view of the above and the overall economic fundamentals, the country’s production is not expected to return to “normal” levels until late 2022. That being said, iron ore prices rose as high as $US130 a tonne in the past two months. Analysts predicted that iron ore would hold around $US100 a tonne "over coming months" and would gradually decline to be closer to $US85 a tonne by June 2021.
Given China’s important role in the dry bulk market and in particular it’s influence on the freight levels of the Capesize segment, it is always interesting to keep an eye on its development and recovery in industrial production. China’s intensive import levels have, so far, been enough to support market fundamentals and rates. However, volatility is still there for the dry bulk market and hopefully the rest of the world will also follow suit in the recovery wave at some point soon.
By Christopher Whitty
Director, Towage & Marine Port Services
Compiled by:
Intermodal Research & Valuations
Analysts:
Ms Eva Tzima
Mr.George Panagopoulos
Disclaimer and legal disclosure: For any further queries please do not hesitate to contact our Research & Valuations Department. The information contained in this report has been obtained from various sources, as reported in the market. Intermodal Shipbrokers Co. believes such information to be factual and reliable without making guarantees regarding its accuracy or completeness. Whilst every care has been taken in the production of the above review, no liability can be accepted for any loss or damage incurred in any way whatsoever by any person who may seek to rely on the information and views contained in this material. This report is being produced for the internal use of the intended recipients only and no reproducing is allowed, without the prior written authorization of Intermodal Shipbrokers Co.
The Information contained within the website of COALspot.com is intended for informational purposes only and is not intended as professional counsel and should not be used as such.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 22 December 20
INDIA'S COAL DEMAND IS SET TO EXPAND DESPITE PLUMMETING IN 2020 - IEA
Coal consumption in India amounted to 979 Mt in 2019, with the largest share being thermal coal (including lignite) for electricity generation (687 ...
Tuesday, 22 December 20
SOUTHEAST ASIA'S COAL DEMAND IS SET TO EXPAND AFTER THE PANDEMIC-INDUCED HIATUS IN 2020 - IEA
Coal consumption in Southeast Asia has more than doubled in the last decade, with the largest growth in Indonesia and Viet Nam, followed by Malaysi ...
Tuesday, 22 December 20
COAL DEMAND IS RISING QUICKLY IN PAKISTAN AND MORE SLOWLY IN BANGLADESH - IEA
Pakistan had 150 MW of installed coal power capacity in 2015. Since 2017, in addition to a few small plants for industry, Pakistan has commissioned ...
Tuesday, 22 December 20
AFRICA PERSPECTIVE INDICATES NO MAJOR SHIFTS FOR COAL CONSUMPTION - IEA
Overall countries on the African continent consumed 197 Mt of coal in 2019, 12 Mt less (-6%) than 2018.
South Africa, the continent& ...
Monday, 21 December 20
COAL PRICES WITHSTAND DESPITE COVID-19 AND CHINESE IMPORT QUOTAS - IEA
Coal prices vary by region as well as by grade and quality. The price rebound starting in 2016 ended in 2018, moving in a downward trend in 2019. A ...
|
|
|
Showing 691 to 695 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Therma Luzon, Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Indonesian Coal Mining Association
- Kohat Cement Company Ltd. - Pakistan
- Jorong Barutama Greston.PT - Indonesia
- Cement Manufacturers Association - India
- Manunggal Multi Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Energy Development Corp, Philippines
- Singapore Mercantile Exchange
- Indika Energy - Indonesia
- Bhushan Steel Limited - India
- Kobexindo Tractors - Indoneisa
- SMC Global Power, Philippines
- Savvy Resources Ltd - HongKong
- Australian Coal Association
- Latin American Coal - Colombia
- Kartika Selabumi Mining - Indonesia
- Baramulti Group, Indonesia
- Vizag Seaport Private Limited - India
- Makarim & Taira - Indonesia
- Samtan Co., Ltd - South Korea
- Ceylon Electricity Board - Sri Lanka
- Chamber of Mines of South Africa
- Pendopo Energi Batubara - Indonesia
- White Energy Company Limited
- GN Power Mariveles Coal Plant, Philippines
- Central Electricity Authority - India
- Eastern Energy - Thailand
- Renaissance Capital - South Africa
- Toyota Tsusho Corporation, Japan
- Medco Energi Mining Internasional
- European Bulk Services B.V. - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GMR Energy Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Heidelberg Cement - Germany
- Independent Power Producers Association of India
- Kalimantan Lumbung Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Indo Tambangraya Megah - Indonesia
- Mintek Dendrill Indonesia
- Ministry of Transport, Egypt
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jindal Steel & Power Ltd - India
- Rio Tinto Coal - Australia
- Standard Chartered Bank - UAE
- Ind-Barath Power Infra Limited - India
- Parry Sugars Refinery, India
- Thiess Contractors Indonesia
- Carbofer General Trading SA - India
- Power Finance Corporation Ltd., India
- IHS Mccloskey Coal Group - USA
- Bhoruka Overseas - Indonesia
- San Jose City I Power Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Africa Commodities Group - South Africa
- Romanian Commodities Exchange
- Gujarat Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Aditya Birla Group - India
- Gujarat Mineral Development Corp Ltd - India
- GVK Power & Infra Limited - India
- Coalindo Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Malabar Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Merrill Lynch Commodities Europe
- Neyveli Lignite Corporation Ltd, - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- VISA Power Limited - India
- Attock Cement Pakistan Limited
- Karaikal Port Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Planning Commission, India
- Leighton Contractors Pty Ltd - Australia
- Tamil Nadu electricity Board
- Semirara Mining Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Oldendorff Carriers - Singapore
- Borneo Indobara - Indonesia
- CIMB Investment Bank - Malaysia
- Kumho Petrochemical, South Korea
- Cigading International Bulk Terminal - Indonesia
- PowerSource Philippines DevCo
- Bhatia International Limited - India
- Holcim Trading Pte Ltd - Singapore
- Coal and Oil Company - UAE
- Krishnapatnam Port Company Ltd. - India
- Bayan Resources Tbk. - Indonesia
- Eastern Coal Council - USA
- Sakthi Sugars Limited - India
- Orica Australia Pty. Ltd.
- Posco Energy - South Korea
- Larsen & Toubro Limited - India
- Star Paper Mills Limited - India
- SMG Consultants - Indonesia
- Indian Energy Exchange, India
- Vijayanagar Sugar Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Simpson Spence & Young - Indonesia
- Agrawal Coal Company - India
- Salva Resources Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- India Bulls Power Limited - India
- Banpu Public Company Limited - Thailand
- Global Business Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Lanco Infratech Ltd - India
- Altura Mining Limited, Indonesia
- Directorate Of Revenue Intelligence - India
- Aboitiz Power Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- IEA Clean Coal Centre - UK
- Port Waratah Coal Services - Australia
- Rashtriya Ispat Nigam Limited - India
- Edison Trading Spa - Italy
- Petron Corporation, Philippines
- Siam City Cement PLC, Thailand
- Iligan Light & Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Indian Oil Corporation Limited
- Deloitte Consulting - India
- Sinarmas Energy and Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Ministry of Mines - Canada
- PTC India Limited - India
- Energy Link Ltd, New Zealand
- Kepco SPC Power Corporation, Philippines
- Marubeni Corporation - India
- Central Java Power - Indonesia
- Barasentosa Lestari - Indonesia
- Siam City Cement - Thailand
- Grasim Industreis Ltd - India
- London Commodity Brokers - England
- SN Aboitiz Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- Xindia Steels Limited - India
- ICICI Bank Limited - India
- Wood Mackenzie - Singapore
- Price Waterhouse Coopers - Russia
- Georgia Ports Authority, United States
- Ambuja Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Sical Logistics Limited - India
- Trasteel International SA, Italy
- Sarangani Energy Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Vedanta Resources Plc - India
- The State Trading Corporation of India Ltd
- PNOC Exploration Corporation - Philippines
- Mercator Lines Limited - India
- TeaM Sual Corporation - Philippines
- New Zealand Coal & Carbon
- Intertek Mineral Services - Indonesia
- Wilmar Investment Holdings
- Maharashtra Electricity Regulatory Commission - India
- Minerals Council of Australia
- Gujarat Sidhee Cement - India
- Parliament of New Zealand
- LBH Netherlands Bv - Netherlands
- Anglo American - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- CNBM International Corporation - China
- Maheswari Brothers Coal Limited - India
- Antam Resourcindo - Indonesia
- Global Green Power PLC Corporation, Philippines
- ASAPP Information Group - India
- Dalmia Cement Bharat India
- Bukit Baiduri Energy - Indonesia
- Australian Commodity Traders Exchange
- TNB Fuel Sdn Bhd - Malaysia
- GAC Shipping (India) Pvt Ltd
- Coastal Gujarat Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Binh Thuan Hamico - Vietnam
- Economic Council, Georgia
- Thai Mozambique Logistica
- Madhucon Powers Ltd - India
- Videocon Industries ltd - India
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
- Indogreen Group - Indonesia
- Mercuria Energy - Indonesia
- Electricity Authority, New Zealand
- South Luzon Thermal Energy Corporation
- International Coal Ventures Pvt Ltd - India
- Goldman Sachs - Singapore
- Global Coal Blending Company Limited - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Mining Services - Indonesia
- Metalloyd Limited - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bangladesh Power Developement Board
- Formosa Plastics Group - Taiwan
- Jaiprakash Power Ventures ltd
- OPG Power Generation Pvt Ltd - India
- MS Steel International - UAE
- Meralco Power Generation, Philippines
- Bulk Trading Sa - Switzerland
- Sojitz Corporation - Japan
- Sree Jayajothi Cements Limited - India
- The University of Queensland
- Riau Bara Harum - Indonesia
- Commonwealth Bank - Australia
- Bharathi Cement Corporation - India
- Interocean Group of Companies - India
- Tata Chemicals Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Mjunction Services Limited - India
- Petrochimia International Co. Ltd.- Taiwan
|
| |
| |
|
