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Friday, 08 July 22
BUNKER PRICES EXPECTED TO RECOVER LOST GROUND NEXT WEEK - SERGEY IVANOV, MABUX
 Over the Week 27, the world bunker indices showed a sharp decline, primarily due to the fall in oil prices on July 05. The 380 HSFO index fell by 52.10 USD: from 734.52 USD/MT to 682.42 USD/MT. The VLSFO index, in turn, decreased by 33.17 USD: from 1069.54 USD/MT to 1036.37 USD/MT. The MGO Index suffered the most significant losses: minus 80.29 USD (from 1378.31 USD/MT to 1298.02 USD/MT), dropping below 1300 USD.
Despite the decline in fuel prices, the Global Scrubber Spread (SS) weekly average – the price difference between 380 HSFO and VLSFO – continued to increase over the week – plus $ 14.70 ($ 348.90 vs. $ 334.20 last week). In Rotterdam, the average SS Spread also rose: $324.50 vs. $307.00 (up $17.50 from last week). The most significant growth in the average weekly 380 HSFO/VLSFO price difference was registered in Singapore: plus $ 51.67, breaking the $ 500 mark: $ 541.50 versus $ 489.83 last week. For more information, please visit the Price Difference section on mabux.com.
Tight supply and energy security uncertainty pushed natural gas prices to record highs over the week. The price of LNG as bunker fuel in the port of Sines (Portugal) rose on July 4 by 193 USD, exceeding 3000 USD mark: 3156 USD/MT (versus 2963 USD/MT a week earlier). LNG prices are more than double those of traditional bunker fuels: MGO LS at the port of Sines was quoted on July 06 at 1426 USD/MT.
Over the Week 27, the MDI index (comparison of MABUX MBP Index (market bunker prices) vs MABUX DBP Index (MABUX digital bunker benchmark)) continued to register an underestimation of 380 HSFO fuel in three out of four ports selected: Rotterdam – minus $ 72, Singapore – minus $ 105 and Fujairah – minus $71. Houston remains the only overpriced port – plus $ 20. The underprice premium rose in all three ports. In Houston, the overcharge margin continued to decline, approaching 100-percent correlation’s mark.
VLSFO fuel grade, according to MDI, remained overpriced in all four selected ports: plus $75 in Rotterdam, plus $261 in Singapore, plus $281 in Fujairah and plus $66 in Houston. Here, the MDI index did not have a firm trend: the overprice premium increased in Rotterdam, Singapore and Fujairah, but decreased in Houston. VLSFO fuel remains the most overvalued segment in the global bunker market.
As for MGO LS grade, MDI registered an overcharge of this fuel in all selected ports: in Rotterdam – plus $ 20, in Singapore – plus $ 29, in Fujairah – plus $ 223 and in Houston – plus $ 112. The most significant changes were in Fujairah – plus 76 points and Houston – plus 63 points. In Rotterdam and Singapore, over the week, overcharge premium decreased, while in Fujairah and Houston it rose.
DNV reported there were just six vessels added to DNV’s database in June but in spite of a quiet month for contracting, Q2 2022 was the strongest ever quarter for LNG-fuelled tonnage orders, with 83 vessels added to the tally. Meantime, while six orders were placed last month, an adjustment to a previously reported containership booking meant that net growth in June was actually only two additional vessels. Looking ahead to the next few months, however, the LNG bunkering market looks set to witness a ‘ketchup-bottle effect’, with LOIs in the pipeline and reports of ‘numerous’ container vessel and car carrier orders. DNV also highlighted growing momentum in methanol-fuelled vessel orders, with two offshore construction vessels added to its database in June.
We expect next week the global bunker market to pass into upward correction after a sharp fall this week.
Source: By Sergey Ivanov, Director, MABUX
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Thursday, 17 February 22
APAC THERMAL COAL PRICES TO EASE ON END OF INDONESIA EXPORT BAN - FITCH RATINGS
Fitch Ratings-Shanghai/Singapore-14 February 2022: APAC thermal coal prices are likely to come under pressure in the near term due to seasonally we ...
Tuesday, 15 February 22
IS ANOTHER COAL SHORTAGE CRISIS LOOMING OVER INDIA? - BUSINESS STANDARD
In December last year, the Federation of Indian Mineral Industries (FIMI) shot off a letter to the Prime Minister claiming that the coal crisis was ...
Tuesday, 15 February 22
THERMAL COAL'S RECORD PRICE RUN MAY END UP ITS OWN WORST ENEMY - REUTERS
The price of benchmark Australian thermal coal rose last week to trade near record highs, providing a short-term boost to producers but increasing ...
Thursday, 10 February 22
INDONESIA: COAL EXPORT BAN - SKULD
Indonesia's coal export ban in the light of force majeure and off-hire clauses
In January 2022, Indonesia, the world's biggest exporte ...
Thursday, 10 February 22
EIA ANALYSIS CONSIDERS DIFFERENT OUTCOMES FOR COAL MARKETS IN INDIA AND SOUTHEAST ASIA
In our International Energy Outlook 2021 (IEO2021) Issues in Focus: Uncertainty in Coal Trade in India and Greater Southeast Asia, we analyze three ...
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- Thiess Contractors Indonesia
- Aboitiz Power Corporation - Philippines
- London Commodity Brokers - England
- Bukit Asam (Persero) Tbk - Indonesia
- Minerals Council of Australia
- Singapore Mercantile Exchange
- Kohat Cement Company Ltd. - Pakistan
- Star Paper Mills Limited - India
- Marubeni Corporation - India
- Cement Manufacturers Association - India
- Edison Trading Spa - Italy
- Savvy Resources Ltd - HongKong
- Kumho Petrochemical, South Korea
- McConnell Dowell - Australia
- Rio Tinto Coal - Australia
- Formosa Plastics Group - Taiwan
- Central Java Power - Indonesia
- Petron Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Agrawal Coal Company - India
- Ministry of Transport, Egypt
- Meenaskhi Energy Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Business Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Pendopo Energi Batubara - Indonesia
- Australian Coal Association
- India Bulls Power Limited - India
- Mintek Dendrill Indonesia
- PTC India Limited - India
- Sinarmas Energy and Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Medco Energi Mining Internasional
- Coalindo Energy - Indonesia
- TeaM Sual Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Eastern Coal Council - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meralco Power Generation, Philippines
- Independent Power Producers Association of India
- Gujarat Mineral Development Corp Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Lanco Infratech Ltd - India
- Bayan Resources Tbk. - Indonesia
- Siam City Cement PLC, Thailand
- Bhushan Steel Limited - India
- Salva Resources Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Makarim & Taira - Indonesia
- GVK Power & Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Karbindo Abesyapradhi - Indoneisa
- Madhucon Powers Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Dalmia Cement Bharat India
- International Coal Ventures Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Energy Development Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Ambuja Cements Ltd - India
- Ministry of Finance - Indonesia
- Bukit Baiduri Energy - Indonesia
- ASAPP Information Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Altura Mining Limited, Indonesia
- Renaissance Capital - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Coastal Gujarat Power Limited - India
- ICICI Bank Limited - India
- Krishnapatnam Port Company Ltd. - India
- Toyota Tsusho Corporation, Japan
- GAC Shipping (India) Pvt Ltd
- PowerSource Philippines DevCo
- Bharathi Cement Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Power Finance Corporation Ltd., India
- Global Green Power PLC Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Indian Energy Exchange, India
- Port Waratah Coal Services - Australia
- Ind-Barath Power Infra Limited - India
- Orica Mining Services - Indonesia
- Semirara Mining Corp, Philippines
- Sical Logistics Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Heidelberg Cement - Germany
- Miang Besar Coal Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Thai Mozambique Logistica
- Kartika Selabumi Mining - Indonesia
- Carbofer General Trading SA - India
- Energy Link Ltd, New Zealand
- Bulk Trading Sa - Switzerland
- Price Waterhouse Coopers - Russia
- Kobexindo Tractors - Indoneisa
- Grasim Industreis Ltd - India
- LBH Netherlands Bv - Netherlands
- Globalindo Alam Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Therma Luzon, Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Global Coal Blending Company Limited - Australia
- Romanian Commodities Exchange
- Tata Chemicals Ltd - India
- Iligan Light & Power Inc, Philippines
- VISA Power Limited - India
- Siam City Cement - Thailand
- Alfred C Toepfer International GmbH - Germany
- Oldendorff Carriers - Singapore
- Eastern Energy - Thailand
- New Zealand Coal & Carbon
- Manunggal Multi Energi - Indonesia
- Sakthi Sugars Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Mines - Canada
- Bukit Makmur.PT - Indonesia
- Bhatia International Limited - India
- Parry Sugars Refinery, India
- The Treasury - Australian Government
- Sree Jayajothi Cements Limited - India
- Merrill Lynch Commodities Europe
- Australian Commodity Traders Exchange
- Simpson Spence & Young - Indonesia
- Barasentosa Lestari - Indonesia
- Riau Bara Harum - Indonesia
- Directorate Of Revenue Intelligence - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bangladesh Power Developement Board
- Videocon Industries ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- GMR Energy Limited - India
- Planning Commission, India
- MS Steel International - UAE
- IHS Mccloskey Coal Group - USA
- Interocean Group of Companies - India
- Borneo Indobara - Indonesia
- White Energy Company Limited
- Kepco SPC Power Corporation, Philippines
- Indogreen Group - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Vizag Seaport Private Limited - India
- Central Electricity Authority - India
- Metalloyd Limited - United Kingdom
- Parliament of New Zealand
- Jindal Steel & Power Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Xindia Steels Limited - India
- Malabar Cements Ltd - India
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- Chamber of Mines of South Africa
- The State Trading Corporation of India Ltd
- Indonesian Coal Mining Association
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
- SMG Consultants - Indonesia
- Straits Asia Resources Limited - Singapore
- Indian Oil Corporation Limited
- San Jose City I Power Corp, Philippines
- SMC Global Power, Philippines
- Latin American Coal - Colombia
- Deloitte Consulting - India
- Sindya Power Generating Company Private Ltd
- Kaltim Prima Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Georgia Ports Authority, United States
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jaiprakash Power Ventures ltd
- Electricity Authority, New Zealand
- Essar Steel Hazira Ltd - India
- Samtan Co., Ltd - South Korea
- Aditya Birla Group - India
- The University of Queensland
- SN Aboitiz Power Inc, Philippines
- Economic Council, Georgia
- Mercuria Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Timah Investasi Mineral - Indoneisa
- Larsen & Toubro Limited - India
- CNBM International Corporation - China
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wilmar Investment Holdings
- Sojitz Corporation - Japan
- Ceylon Electricity Board - Sri Lanka
- Vedanta Resources Plc - India
- Mercator Lines Limited - India
- Kapuas Tunggal Persada - Indonesia
- Maheswari Brothers Coal Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Leighton Contractors Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Antam Resourcindo - Indonesia
- Posco Energy - South Korea
- Coal and Oil Company - UAE
- Uttam Galva Steels Limited - India
- Indika Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Electricity Generating Authority of Thailand
- South Luzon Thermal Energy Corporation
- Tamil Nadu electricity Board
- Commonwealth Bank - Australia
- Karaikal Port Pvt Ltd - India
- Anglo American - United Kingdom
- Wood Mackenzie - Singapore
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