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Tuesday, 05 October 21
CAPESIZE MARKET WAS IN A STEEP CLIMB FOR MOST OF THIS WEEK - BALTIC EXCHANGE
 Capesize
The Capesize market was in a steep climb for most of this week as it reached a pinnacle of $74,786 Wednesday before stalling, regathering, and then pushing on to $75,190 at weeks end. These heights were last visited in November 2009. The market is currently looking very robust on several fronts with vessel tightness on numerous loading windows across the globe, while an energy crisis in several countries add complications. This combination may provide further signal for rallies to come. With that said, the paper market seems less convinced as a steep fall to $50k levels for the Q4 period is pricing. Looking at the Pacific basin, the Transpacific C10 opened the week at $67,000 before surging to $82,854 on the back vessel tightness before charterers managed to pull it back slightly to close the week at $76,328. The Atlantic Basin showed less signs of abating as it hit a high to close the week at $84,750. The Fronthaul C9, a preference for many vessel owners now to close out Q4, was commanding a headline topping $105,650, rising +5950 on Friday alone. The market remains very buoyant with prices a little wild as traders move in big increments.
Panamax
The Panamax market proved to be a mixed picture this week, with the Atlantic shedding recent gains as the North of the region came under severe pressure. Conversely, the Asian basin witnessed some substantial gains with the NoPac trips proving to offer underlying support. Pressure was applied all week in the Atlantic as tonnage built up in the North. And, despite decent demand from the Black Sea, rates eased on both the transatlantic trips as well as the fronthaul. Asia proved to be mostly NoPac centric with solid levels of activity throughout. The highlight was $40,500 being agreed on an 82,000-dwt delivery Japan. However, the mean rate over the week returned circa $37,500 for 82,000-dwt types. The Australia to India coal runs continued to command decent premiums with $36,500 concluded a few times on 82,000-dwt vessels with China delivery. Period activity included a 76,000-dwt agreeing $29,000 for 9/12 months, basis China delivery.
Ultramax/Supramax
Whilst sentiment remained positive in most areas, brokers described a rather lethargic week overall as the upcoming holidays in China kept a lid on activity levels. The BSI made slight gains from the end of last week seeing a week on week gain of 24 points from last Friday’s close. Period activity remained. A 52,000-dwt open East Mediterranean fixing in the mid $30,000s for six to eight months trading redelivery Atlantic. From the South Atlantic, the upper $20,000s – plus upper $1 million ballast bonus for fronthaul runs to Asia and the Indian Ocean areas – were seen. Demand remained from the Mediterranean for inter Atlantic business. A 56,000-dwt open central Mediterranean fixing a trip to West Africa at $51,500. With the upcoming holidays, the Asian arena waned as the week came to an end. However, a 56,000-dwt fixing a trip from Indonesia to China at $43,000. Good levels were seen from the Indian Ocean, a 56,000-dwt open Chittagong fixing a trip via South Africa redelivery China at $35,000.
Handysize
The US Gulf made large positive strides this week, with a 38,000-dwt fixed for a trip from the US Gulf to the Continent/Mediterranean range at $28,000. A scrubber fitted 40,000-dwt was fixed from Tampico via Houston to North Brazil at $33,000 for a cargo of Petcoke. East Coast South America is a split market with the South Brazil and Argentina region seeing good returns with a 37,000-dwt fixing from Recalada to Peru-chile Range at $54,000. A 33,000-dwt open UK was fixed via the Continent to Brazil with Fertilizers at $36,000. Asia has been less active but a 33,000-dwt open Vietnam fixed two to three laden legs at $35,000 with worldwide redelivery. A 36,000-dwt open Philippines fixed via Australia to South East Asia with Alumina at $35,000. Period saw a 34,000-dwt logger open in Australia fixing for a period in the mid $30,000s plus a $450,000 ballast bonus.
Source: The Baltic Exchange
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Tuesday, 07 December 21
COAL FIRMS SEE SHARE PRICES SURGE MONDAY, AFTER GOVERNMENT READJUSTS CONTRACT PRICES - GLOBAL TIMES
Share prices of China’s coal enterprises jumped on Monday on the A-share market following a nationwide adjustment to annual thermal coal pric ...
Monday, 06 December 21
CHINA SETS 2022 ANNUAL THERMAL COAL PRICES AT 700 YUAN/T - MEDIA: REUTERS
China’s top economic planner has proposed to set annual thermal coal prices for 2022 at between 550 yuan and 850 yuan ($86-$133) per tonne, a ...
Thursday, 02 December 21
BUMI RECORDED US$ 666.18 MILLION AS REVENUE IN THE 3RD QUARTER, UP 13.31% YOY
PT Bumi Resources Tbk and its subsidiaries have recorded a surge in revenue in the third quarter of 2021. BUMI has recorded US$ 666.18 million as r ...
Thursday, 02 December 21
CHINA'S COAL CRUNCH IS OVER, BUT PRICES ARE STILL TOO HIGH - REUTERS
China’s coal crisis has largely been resolved with gains in both production and stockpiles sufficient to ensure power supplies over winter.
...
Wednesday, 01 December 21
2022 OUTLOOK: INDONESIAN COAL MINING - FITCH RATINGS
Fitch Ratings has a neutral outlook on the Indonesian coal sector for 2022.
Earnings generation should slow down as selling pr ...
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- Cement Manufacturers Association - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Alfred C Toepfer International GmbH - Germany
- Kideco Jaya Agung - Indonesia
- Ministry of Transport, Egypt
- Petron Corporation, Philippines
- Sakthi Sugars Limited - India
- Therma Luzon, Inc, Philippines
- Posco Energy - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- PTC India Limited - India
- Independent Power Producers Association of India
- Power Finance Corporation Ltd., India
- Riau Bara Harum - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Madhucon Powers Ltd - India
- McConnell Dowell - Australia
- Anglo American - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Lanco Infratech Ltd - India
- Bukit Baiduri Energy - Indonesia
- ICICI Bank Limited - India
- Holcim Trading Pte Ltd - Singapore
- Chamber of Mines of South Africa
- Indika Energy - Indonesia
- Planning Commission, India
- Toyota Tsusho Corporation, Japan
- Kohat Cement Company Ltd. - Pakistan
- Pipit Mutiara Jaya. PT, Indonesia
- Price Waterhouse Coopers - Russia
- Wilmar Investment Holdings
- Larsen & Toubro Limited - India
- New Zealand Coal & Carbon
- Mercuria Energy - Indonesia
- Africa Commodities Group - South Africa
- Singapore Mercantile Exchange
- Indo Tambangraya Megah - Indonesia
- Simpson Spence & Young - Indonesia
- CIMB Investment Bank - Malaysia
- Sarangani Energy Corporation, Philippines
- Antam Resourcindo - Indonesia
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- Barasentosa Lestari - Indonesia
- The University of Queensland
- Indonesian Coal Mining Association
- SN Aboitiz Power Inc, Philippines
- ASAPP Information Group - India
- Port Waratah Coal Services - Australia
- European Bulk Services B.V. - Netherlands
- Meenaskhi Energy Private Limited - India
- IEA Clean Coal Centre - UK
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Borneo Indobara - Indonesia
- Bhushan Steel Limited - India
- Electricity Generating Authority of Thailand
- Banpu Public Company Limited - Thailand
- Mintek Dendrill Indonesia
- Mjunction Services Limited - India
- Globalindo Alam Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Central Electricity Authority - India
- Bayan Resources Tbk. - Indonesia
- Sojitz Corporation - Japan
- Economic Council, Georgia
- Trasteel International SA, Italy
- Rio Tinto Coal - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Uttam Galva Steels Limited - India
- Marubeni Corporation - India
- GVK Power & Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Ministry of Finance - Indonesia
- SMG Consultants - Indonesia
- Global Coal Blending Company Limited - Australia
- Tata Chemicals Ltd - India
- International Coal Ventures Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- CNBM International Corporation - China
- Maheswari Brothers Coal Limited - India
- Sree Jayajothi Cements Limited - India
- Pendopo Energi Batubara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Heidelberg Cement - Germany
- Energy Development Corp, Philippines
- Energy Link Ltd, New Zealand
- Merrill Lynch Commodities Europe
- White Energy Company Limited
- Australian Commodity Traders Exchange
- Orica Mining Services - Indonesia
- Oldendorff Carriers - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Central Java Power - Indonesia
- SMC Global Power, Philippines
- AsiaOL BioFuels Corp., Philippines
- Georgia Ports Authority, United States
- Aboitiz Power Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Standard Chartered Bank - UAE
- Kumho Petrochemical, South Korea
- Global Green Power PLC Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Coal Council - USA
- Bukit Makmur.PT - Indonesia
- Latin American Coal - Colombia
- Coal and Oil Company - UAE
- Savvy Resources Ltd - HongKong
- Indian Energy Exchange, India
- Essar Steel Hazira Ltd - India
- Global Business Power Corporation, Philippines
- Australian Coal Association
- Neyveli Lignite Corporation Ltd, - India
- Jaiprakash Power Ventures ltd
- Vizag Seaport Private Limited - India
- The Treasury - Australian Government
- LBH Netherlands Bv - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cigading International Bulk Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tamil Nadu electricity Board
- Star Paper Mills Limited - India
- Goldman Sachs - Singapore
- Minerals Council of Australia
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
- Bhoruka Overseas - Indonesia
- Renaissance Capital - South Africa
- Deloitte Consulting - India
- Asmin Koalindo Tuhup - Indonesia
- Eastern Energy - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Malabar Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Indian Oil Corporation Limited
- Bhatia International Limited - India
- Gujarat Mineral Development Corp Ltd - India
- PowerSource Philippines DevCo
- South Luzon Thermal Energy Corporation
- Agrawal Coal Company - India
- Metalloyd Limited - United Kingdom
- Edison Trading Spa - Italy
- Petrochimia International Co. Ltd.- Taiwan
- Bangladesh Power Developement Board
- Semirara Mining Corp, Philippines
- Carbofer General Trading SA - India
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- PNOC Exploration Corporation - Philippines
- Thiess Contractors Indonesia
- India Bulls Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Romanian Commodities Exchange
- Aditya Birla Group - India
- Siam City Cement - Thailand
- Kaltim Prima Coal - Indonesia
- Thai Mozambique Logistica
- Salva Resources Pvt Ltd - India
- Vedanta Resources Plc - India
- Directorate General of MIneral and Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bulk Trading Sa - Switzerland
- Parry Sugars Refinery, India
- Makarim & Taira - Indonesia
- Dalmia Cement Bharat India
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Directorate Of Revenue Intelligence - India
- VISA Power Limited - India
- MS Steel International - UAE
- Interocean Group of Companies - India
- Videocon Industries ltd - India
- Mercator Lines Limited - India
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Xindia Steels Limited - India
- Siam City Cement PLC, Thailand
- Parliament of New Zealand
- Samtan Co., Ltd - South Korea
- GN Power Mariveles Coal Plant, Philippines
- GMR Energy Limited - India
- Karaikal Port Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- London Commodity Brokers - England
- Kartika Selabumi Mining - Indonesia
- Attock Cement Pakistan Limited
- Sical Logistics Limited - India
- GAC Shipping (India) Pvt Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Intertek Mineral Services - Indonesia
- Wood Mackenzie - Singapore
- Bharathi Cement Corporation - India
- Electricity Authority, New Zealand
- Grasim Industreis Ltd - India
- Coalindo Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Ambuja Cements Ltd - India
- Baramulti Group, Indonesia
- Ind-Barath Power Infra Limited - India
- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Kobexindo Tractors - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Commonwealth Bank - Australia
- Indogreen Group - Indonesia
- Chettinad Cement Corporation Ltd - India
- Medco Energi Mining Internasional
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