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Tuesday, 16 February 10
TRENDS DRY BULK MARKET ... TRENDS - BRS
 The start of the Chinese New Year had an immediate impact on rates and for once all the dry bulk segments lost similar ground.
The BDI fell 5%, and will start the holiday period at just over 2,500 points. Overall the market has lost about 20% of its value since the start of the year. However it is interesting to note that the futures market is predicting an improvement in Cape rates (though not Panamax and Supra rates) in the second quarter after the Chinese holidays are over. In the news, there was growing comment over the annual ore contract. BHP Billiton and Vale declared the 2010 price levels should reflect conditions on the spot market, where prices are currently around double last year’s level. Chinese buyers meanwhile were reported as be willing to accept 40%. Given recent ore and steel forecasts, buyers will be expected to increase their contribution; the question is by how much. Independent UK-based steel consultant MEPS claimed this week global steel output could hit a record high of 1,350m tonnes in 2010, with around half coming from China.
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“BHP Billiton and Vale declared the 2010 price levels should reflect conditions on the spot market, where prices are currently around double last year’s level”
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SUPRA/HANDY
It is difficult at this stage to assess whether Handies and Supras have bottomed out but at least the general feeling is that some sort of support has been reached. The Pacific round voyage now stands around US$16,000 when the Atlantic lies close to US$20,000. Demand for trip out to the east remains strong on the back of sugar and grains out of Brazil. The US Gulf saw a significant slow down with Supras hardly able to achieve more than mid US$3000 for trip to the Mediterranean Sea. Overall the Chinese holidays will no doubt impact the trade.
PANAMAX
The market drifted downwards over the week as Far Eastern players slowly disappeared for the impending holidays. Transatlantic round voyages started the week in the mid-high US$20,000s but by the end of the week were being traded closer to the US$24,000 mark. By contrast the Pacific became very positional with rates varying from a low of US$23,000 to a high of US$29,000 over the week for a vessel delivery southeast Asia for a west Australia round voyage.
However, for both basins, fixing volumes were thin. There was little period activity of note to talk about with such a large gap between the bid/offer spread, although a couple of short period deals were concluded in the east at around the US$26,000 level. Overall the BPI saw a loss of 113 points and the 4 time charter average reported a decline of US$894 over the week
CAPESIZE
It has been a month since the Capesize market logged any Friday-to-Friday gains, and with Chinese New Year upon us, it was no surprise that rates took another fall this week. The four time charter average is now back to below US$30,000 per day. Indeed Friday’s rate of US$29,259 was the lowest level seen in the Cape market since October last year. The market expects some pick-up after the Chinese holiday, however, and second quarter prices in the FFA market are currently trading at nearly US$33,000 per day. Rates were little changed on Monday, rising around 10 points on the end of the previous week.
Source: BRS Dry Bulk
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Wednesday, 20 January 10
NALCO SEEKS CONSULTANT FOR $4 BILLION INDONESIAN SMELTER, PLANT
National Aluminium Co., India’s second-biggest producer of the metal, called for bids for a consultant on its proposed aluminum smelter and co ...
Wednesday, 20 January 10
NTPC PLANS TO SET UP ARM FOR ACQUIRING COAL ASSETS ABROAD
NTPC, the world’s second-largest independent power producer (IPP), plans to set up a new entity for acquiring coal assets abroad to secure fue ...
Wednesday, 20 January 10
CEMENT FIRMS TO BUY POWER PLANT COAL ASH
CEBU, Philippines - Cement companies in Cebu are interested to buy the coal ash that will be produced from the coal-fired power plant in Toledo City ...
Tuesday, 19 January 10
CHINA TO INCREASE THERMAL COAL IMPORTS - WEN
China's Premier Wen Jiabao said on Tuesday that China will appropriately increase imports of thermal coal to ease the country's power shortages.
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Tuesday, 19 January 10
CESC TO BUY 100,000 MT OF INDONESIAN SUB BITUMINOUS COAL
COALspot.com (India): CESC, India’s one of the largest and oldest private power producer is expected to issue a closed tender any time this we ...
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Showing 6071 to 6075 news of total 6871 |
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- Siam City Cement - Thailand
- Bhushan Steel Limited - India
- Makarim & Taira - Indonesia
- Posco Energy - South Korea
- Formosa Plastics Group - Taiwan
- SMG Consultants - Indonesia
- Grasim Industreis Ltd - India
- Kobexindo Tractors - Indoneisa
- GMR Energy Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- GAC Shipping (India) Pvt Ltd
- Vijayanagar Sugar Pvt Ltd - India
- SMC Global Power, Philippines
- Global Coal Blending Company Limited - Australia
- AsiaOL BioFuels Corp., Philippines
- McConnell Dowell - Australia
- Holcim Trading Pte Ltd - Singapore
- Karaikal Port Pvt Ltd - India
- PTC India Limited - India
- Iligan Light & Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Kartika Selabumi Mining - Indonesia
- Romanian Commodities Exchange
- Coal and Oil Company - UAE
- Petron Corporation, Philippines
- Rio Tinto Coal - Australia
- Indogreen Group - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Port Waratah Coal Services - Australia
- Independent Power Producers Association of India
- Meralco Power Generation, Philippines
- Aditya Birla Group - India
- Bhatia International Limited - India
- Minerals Council of Australia
- Kaltim Prima Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Sinarmas Energy and Mining - Indonesia
- Coalindo Energy - Indonesia
- Central Electricity Authority - India
- Toyota Tsusho Corporation, Japan
- European Bulk Services B.V. - Netherlands
- Indian Energy Exchange, India
- Ceylon Electricity Board - Sri Lanka
- Bahari Cakrawala Sebuku - Indonesia
- White Energy Company Limited
- Baramulti Group, Indonesia
- San Jose City I Power Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Goldman Sachs - Singapore
- Pendopo Energi Batubara - Indonesia
- Antam Resourcindo - Indonesia
- Wood Mackenzie - Singapore
- Thai Mozambique Logistica
- Mercator Lines Limited - India
- Bulk Trading Sa - Switzerland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- The Treasury - Australian Government
- Planning Commission, India
- VISA Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Tata Chemicals Ltd - India
- Georgia Ports Authority, United States
- Pipit Mutiara Jaya. PT, Indonesia
- Thiess Contractors Indonesia
- Orica Mining Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kapuas Tunggal Persada - Indonesia
- Vizag Seaport Private Limited - India
- CNBM International Corporation - China
- SN Aboitiz Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Coastal Gujarat Power Limited - India
- London Commodity Brokers - England
- Global Business Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Madhucon Powers Ltd - India
- Carbofer General Trading SA - India
- Alfred C Toepfer International GmbH - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Marubeni Corporation - India
- Australian Commodity Traders Exchange
- Maheswari Brothers Coal Limited - India
- Anglo American - United Kingdom
- TeaM Sual Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Tamil Nadu electricity Board
- CIMB Investment Bank - Malaysia
- Bayan Resources Tbk. - Indonesia
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Eastern Energy - Thailand
- MS Steel International - UAE
- Bangladesh Power Developement Board
- GN Power Mariveles Coal Plant, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Standard Chartered Bank - UAE
- Salva Resources Pvt Ltd - India
- Central Java Power - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Trasteel International SA, Italy
- Leighton Contractors Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- New Zealand Coal & Carbon
- Karbindo Abesyapradhi - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Deloitte Consulting - India
- Edison Trading Spa - Italy
- Electricity Authority, New Zealand
- Sojitz Corporation - Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Australia Pty. Ltd.
- GVK Power & Infra Limited - India
- Eastern Coal Council - USA
- Attock Cement Pakistan Limited
- Mercuria Energy - Indonesia
- Mintek Dendrill Indonesia
- Mjunction Services Limited - India
- Simpson Spence & Young - Indonesia
- Kideco Jaya Agung - Indonesia
- OPG Power Generation Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Gujarat Mineral Development Corp Ltd - India
- Metalloyd Limited - United Kingdom
- Ind-Barath Power Infra Limited - India
- Singapore Mercantile Exchange
- Savvy Resources Ltd - HongKong
- Indian Oil Corporation Limited
- PowerSource Philippines DevCo
- Australian Coal Association
- Meenaskhi Energy Private Limited - India
- Directorate Of Revenue Intelligence - India
- Manunggal Multi Energi - Indonesia
- Sakthi Sugars Limited - India
- Uttam Galva Steels Limited - India
- Star Paper Mills Limited - India
- Aboitiz Power Corporation - Philippines
- Indika Energy - Indonesia
- Ministry of Mines - Canada
- Neyveli Lignite Corporation Ltd, - India
- India Bulls Power Limited - India
- Riau Bara Harum - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Heidelberg Cement - Germany
- Sree Jayajothi Cements Limited - India
- Commonwealth Bank - Australia
- Intertek Mineral Services - Indonesia
- Power Finance Corporation Ltd., India
- Videocon Industries ltd - India
- Siam City Cement PLC, Thailand
- Energy Link Ltd, New Zealand
- Electricity Generating Authority of Thailand
- IEA Clean Coal Centre - UK
- Vedanta Resources Plc - India
- Larsen & Toubro Limited - India
- Altura Mining Limited, Indonesia
- Chamber of Mines of South Africa
- Interocean Group of Companies - India
- Jindal Steel & Power Ltd - India
- IHS Mccloskey Coal Group - USA
- Lanco Infratech Ltd - India
- Ministry of Finance - Indonesia
- Semirara Mining Corp, Philippines
- Agrawal Coal Company - India
- Bharathi Cement Corporation - India
- Gujarat Sidhee Cement - India
- Samtan Co., Ltd - South Korea
- Essar Steel Hazira Ltd - India
- Cement Manufacturers Association - India
- Barasentosa Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Cigading International Bulk Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Africa Commodities Group - South Africa
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- Energy Development Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- The University of Queensland
- Indo Tambangraya Megah - Indonesia
- Sarangani Energy Corporation, Philippines
- ASAPP Information Group - India
- Dalmia Cement Bharat India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Banpu Public Company Limited - Thailand
- The State Trading Corporation of India Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kepco SPC Power Corporation, Philippines
- Economic Council, Georgia
- Medco Energi Mining Internasional
- Merrill Lynch Commodities Europe
- Chettinad Cement Corporation Ltd - India
- Sical Logistics Limited - India
- Parry Sugars Refinery, India
- Latin American Coal - Colombia
- Malabar Cements Ltd - India
- Borneo Indobara - Indonesia
- Parliament of New Zealand
- ICICI Bank Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Indonesian Coal Mining Association
- Miang Besar Coal Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Xindia Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Wilmar Investment Holdings
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