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Wednesday, 15 September 21
MARKET INSIGHT - INTERMODAL
 Following the oil price sell off during most of August, partly triggered by oil demand fears amid the delta COVID variant, oil prices have resumed their upward trend since August 20th.
Brent futures have been trading higher over the past couple of weeks, with hurricane Ida idling US Gulf oil production and providing support. In addition, traders saw a buying opportunity following the OSP price cuts into Asian refineries. Positive news on Covid developments and also Chinese data suggesting crude oil inventories stand at the lowest level since June 2020 are also interpreted as bullish for oil consumption and economic momentum ahead.
Numerous countries in Asia Pacific are easing certain Covid-19 restrictions, such as Thailand, New Zealand and Hong Kong, while the South African variant slowed in August according to scientists, all supporting oil demand expectations. Generally, Europe has emerged as a “center of strength” for road fuels demand as the economies opened during the summer period, where people have naturally used more road transportation vs air during the travel season. Nevertheless, according to real time traffic data, European road fuels demand dropped by around 5% or 3-400,000 bpd m/m in August that had a slow start, from the recent peak in July. However, recent news are positive for Brent as European traffic has been picking up by two percent over the past two weeks. Overall, global road traffic congestion levels continue to pick up over the past two weeks, a trend that has emerged since mid-August. Robust gasoline demand and low inventories in both sides of the Atlantic Ocean also lend support to light-sweet crude benchmarks such as Brent.
Additionally, we have noted that the Chinese crude imports rose to a five-month high of 10.5 million bpd in August, driven by state backed oil refineries. The question is whether this trend in China’s crude imports will remain upwards in the coming months. That is a difficult question to answer, as it also depends on government policies on quotas and use of strategic reserves, as per analysts’ consensus.
The Asian market seems to have the potential for an increase in crude oil imports from Middle East as OPEC+ releases production, while US crude oil production is lagging behind along with refinery activity after the recent hit of Hurricane Ida. The hurricane Nicholas following this week is yet to show its effect, but overall it looks like the oil supply tightness in the West is exacerbating, which increases the call on OPEC+ to satisfy rising crude oil demand projected through the 4th quarter of the year.
By Apostolos Rompopoulos,
Tanker Broker
Compiled by:
Intermodal Research & Valuations
Analysts:
Yiannis Parganas
Tamara Apostolou
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.
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Wednesday, 12 June 24
CHINA ACCOUNTS FOR 16.3% OF AUSTRALIA'S COAL EXPORTS, FOLLOWED BY INDIA 14.4% - BANCHERO COSTA
Global coal trade has really picked up pace in recent months, and is now fully back to pre-Covid levels says Banchero Costa in its latest report.
...
Wednesday, 12 June 24
LNG NEWBUILDING VALUES AT RECORD HIGH: 78 NEWBUILD ORDERS PLACED IN 2024, DOUBLING 2023 - VESON NAUTICAL
The number of LNG newbuilding orders have more than doubled from the same period last year where 34 orders were placed, compared to 78 in the first ...
Monday, 10 June 24
CHINA'S MAY COAL IMPORTS RISE 11% ON LOWER DOMESTIC OUTPUT - REUTERS
China’s imports of coal rose 11% in May from a year earlier, customs data and Reuters records showed on Friday, as lower domestic output this ...
Tuesday, 04 June 24
HOW DO WESTERN SANCTIONS ON RUSSIA IMPACT THE GLOBAL METALS, MINING AND COAL MARKETS - WOOD MACKENZIE
The geopolitical landscape for Russia, as a major supplier of various commodities, has undergone a dramatic transformation since the invasion of Uk ...
Friday, 22 March 24
CASE STUDY: DANGERS OF COAL CARGO - SKULD
Recently, a bulk cargo vessel carrying coal from South Africa to Singapore suffered a fatal accident, resulting in the deaths of three crew members ...
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Showing 21 to 25 news of total 6871 |
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- Attock Cement Pakistan Limited
- Electricity Generating Authority of Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Edison Trading Spa - Italy
- Simpson Spence & Young - Indonesia
- Energy Link Ltd, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Rio Tinto Coal - Australia
- Singapore Mercantile Exchange
- TeaM Sual Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Romanian Commodities Exchange
- Therma Luzon, Inc, Philippines
- Sical Logistics Limited - India
- Independent Power Producers Association of India
- Australian Coal Association
- GVK Power & Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Formosa Plastics Group - Taiwan
- Dalmia Cement Bharat India
- Mintek Dendrill Indonesia
- Sinarmas Energy and Mining - Indonesia
- Makarim & Taira - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- London Commodity Brokers - England
- India Bulls Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
- Uttam Galva Steels Limited - India
- Wilmar Investment Holdings
- McConnell Dowell - Australia
- Salva Resources Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Semirara Mining and Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sakthi Sugars Limited - India
- European Bulk Services B.V. - Netherlands
- Coalindo Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Parry Sugars Refinery, India
- ASAPP Information Group - India
- Videocon Industries ltd - India
- Globalindo Alam Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- New Zealand Coal & Carbon
- Jaiprakash Power Ventures ltd
- CIMB Investment Bank - Malaysia
- PNOC Exploration Corporation - Philippines
- Tata Chemicals Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- San Jose City I Power Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- PowerSource Philippines DevCo
- Commonwealth Bank - Australia
- Indian Oil Corporation Limited
- GMR Energy Limited - India
- Kumho Petrochemical, South Korea
- The University of Queensland
- Mercuria Energy - Indonesia
- Altura Mining Limited, Indonesia
- Eastern Coal Council - USA
- Kaltim Prima Coal - Indonesia
- Star Paper Mills Limited - India
- Global Business Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Samtan Co., Ltd - South Korea
- Ind-Barath Power Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Malabar Cements Ltd - India
- Africa Commodities Group - South Africa
- Trasteel International SA, Italy
- Central Electricity Authority - India
- GAC Shipping (India) Pvt Ltd
- Riau Bara Harum - Indonesia
- Iligan Light & Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Borneo Indobara - Indonesia
- Bhatia International Limited - India
- Metalloyd Limited - United Kingdom
- Ambuja Cements Ltd - India
- Eastern Energy - Thailand
- Sree Jayajothi Cements Limited - India
- Economic Council, Georgia
- Ministry of Mines - Canada
- Indo Tambangraya Megah - Indonesia
- Gujarat Sidhee Cement - India
- Wood Mackenzie - Singapore
- Thiess Contractors Indonesia
- MS Steel International - UAE
- IEA Clean Coal Centre - UK
- Kobexindo Tractors - Indoneisa
- Ministry of Finance - Indonesia
- Maheswari Brothers Coal Limited - India
- Planning Commission, India
- Standard Chartered Bank - UAE
- Chettinad Cement Corporation Ltd - India
- South Luzon Thermal Energy Corporation
- Jindal Steel & Power Ltd - India
- Georgia Ports Authority, United States
- Toyota Tsusho Corporation, Japan
- Jorong Barutama Greston.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Banpu Public Company Limited - Thailand
- Savvy Resources Ltd - HongKong
- Pendopo Energi Batubara - Indonesia
- Thai Mozambique Logistica
- Bangladesh Power Developement Board
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Bukit Makmur.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Merrill Lynch Commodities Europe
- Indian Energy Exchange, India
- Marubeni Corporation - India
- The Treasury - Australian Government
- Oldendorff Carriers - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Transport, Egypt
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vijayanagar Sugar Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Petrochimia International Co. Ltd.- Taiwan
- Latin American Coal - Colombia
- Bukit Asam (Persero) Tbk - Indonesia
- Posco Energy - South Korea
- Meenaskhi Energy Private Limited - India
- Timah Investasi Mineral - Indoneisa
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- Lanco Infratech Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- PTC India Limited - India
- Bharathi Cement Corporation - India
- Grasim Industreis Ltd - India
- CNBM International Corporation - China
- ICICI Bank Limited - India
- Holcim Trading Pte Ltd - Singapore
- Sojitz Corporation - Japan
- Anglo American - United Kingdom
- Karaikal Port Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Chamber of Mines of South Africa
- GN Power Mariveles Coal Plant, Philippines
- Coastal Gujarat Power Limited - India
- Minerals Council of Australia
- Australian Commodity Traders Exchange
- Global Green Power PLC Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Baramulti Group, Indonesia
- Meralco Power Generation, Philippines
- Bukit Baiduri Energy - Indonesia
- Parliament of New Zealand
- Bhushan Steel Limited - India
- Kideco Jaya Agung - Indonesia
- Indonesian Coal Mining Association
- Miang Besar Coal Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Vedanta Resources Plc - India
- SN Aboitiz Power Inc, Philippines
- White Energy Company Limited
- Siam City Cement PLC, Thailand
- Semirara Mining Corp, Philippines
- Siam City Cement - Thailand
- Asmin Koalindo Tuhup - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Indika Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Petron Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Tamil Nadu electricity Board
- Coal and Oil Company - UAE
- Barasentosa Lestari - Indonesia
- Cement Manufacturers Association - India
- Bulk Trading Sa - Switzerland
- Essar Steel Hazira Ltd - India
- Xindia Steels Limited - India
- Heidelberg Cement - Germany
- Central Java Power - Indonesia
- Global Coal Blending Company Limited - Australia
- Krishnapatnam Port Company Ltd. - India
- Indogreen Group - Indonesia
- Deloitte Consulting - India
- Kepco SPC Power Corporation, Philippines
- Agrawal Coal Company - India
- Medco Energi Mining Internasional
- Power Finance Corporation Ltd., India
- SMC Global Power, Philippines
- VISA Power Limited - India
- Electricity Authority, New Zealand
- Sindya Power Generating Company Private Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kapuas Tunggal Persada - Indonesia
- Renaissance Capital - South Africa
- LBH Netherlands Bv - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Madhucon Powers Ltd - India
- Aditya Birla Group - India
- Aboitiz Power Corporation - Philippines
- Larsen & Toubro Limited - India
- SMG Consultants - Indonesia
- Mjunction Services Limited - India
- Bhoruka Overseas - Indonesia
- Port Waratah Coal Services - Australia
- Interocean Group of Companies - India
- Energy Development Corp, Philippines
- Mercator Lines Limited - India
- Goldman Sachs - Singapore
- Carbofer General Trading SA - India
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