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Wednesday, 18 January 12
WARM WINTER ACROSS EUROPE HAS IMPACTED NEGATIVELY COAL DEMAND - BRS
 With the Chinese New Year just a week away, all markets are slowing down. The drop in freight rates for all sizes has been significant over the past week with the BDI ending at 1053 points (-21.8%),the BCI at 1723 points (-26.2%) and the BPI at 1264 (-17.8%). The smaller sizes were also down, with the BSI at 971 (-12.7%) and the BHI 533 points (-4.6%), as stated by BRS in its weekly report.
Capesize
Capesize rates saw heavy losses for the second week, with weather-related disruption in Brazil and Australia adding to the market’s problems. The Capesize 4TC finished the week at $9,116, which takes it back beneath the Panamax 4TC and the Supramax 6TC. Australia’s ports have slowly reopened, while Vale has downplayed the impact of its declaring force majeure on the grounds that it represents just 1% of its output. However the combination of these issues, and the forthcoming Chinese New Year, suggests there is little to prompt an upward correction in rates. Monday saw another slide, with the 4TC losing $618 to $8,498. In the paper market, February and March were trading at $9,433 and $10,267 by Friday afternoon.
Panamax
Last week marked the beginning of a strong drop in Panamax rates. What everyone expected finally happened and we saw the indices freefall every single day with no positive sign for owners. The 4TC lost $2,000, going from $12,020 per day to $10,075/day. In 1Q 2012 the same number of Panamaxes delivered in 2Q+3Q+4Q 2011 will in theory be delivered according to our last updates. On top of that, a relatively warm winter across Europe has impacted negatively coal demand and stocks in China are still at a high level as we head into Chinese New Year.
In the Atlantic, the TA index dropped to $10,731 from $13,341 the previous week, while the market was already below$9,000/daily. The outlook is still bearishas ballasters from the east keephammering the Atlantic market. Thetransatlantic rate is now equal to the 4TC,instead of being at a 10%-15% premiumas in normal market conditions.In the Pacific, it was the same story.Rates dived from $8,895/daily to $7,398/daily with the 1year TC rate basis delivery North China at around $11,000/daily. Themarket was very calm there before theChinese New Year.
On a positive note,coal prices are losing some ground and might push China to move to imported coal. However looking at stockpiles, the discount should be significant
Supramax/Handy
All countries were back to work for this second week of the year and the market continued its way down. The BSI los 12.6% to close the week with an average of the TC routes at $10,154. Prompt positions were available in all areas. The strongest drop was noticed out of the US Gulf where the route USG/Skaw-Passero lost 21.6%; a 57,000 dwt vessel was fixed at $18,000 aps USG redelivery Italy, whereas redelivery Far East was done in the mid $20,000s. It was the same situation on the Continent where a Supra was fixed at about $13,000 for scrap from ARAG to the East Med, while same was done at $16,000 the previous week.
In the Pacific, the volume of orders is reducing with the approach of the Chinese New Year. The market has become sluggish with stems of iron ore from India becoming increasingly rare. The dollar appreciation against the rupee has also led to fewer Indian coal Imports. Supras from Indonesia to India have now dropped $1,000 in the last week, to reach the low $6,000s, while Supras from India to China are now getting about $8,000.
Source: BRS
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Wednesday, 22 February 12
RAW COMMODITY EXPORT BAN SPARKS SMELTER BUILDING BOOM IN INDONESIA ANTARA / THE JAKARTA GLOBE
Antara / The Jakarta Globe reported that, as the government gears up to ban all exports of unprocessed commodities, Indonesia will see 12 new ...
Tuesday, 21 February 12
THREAT ISSUED ON MINERAL FIRMS AS GOVT PLANS EXPORT BAN - THE JAKARTA POST
The Jakarta Post, one of the leading english news papaer in Indonesia reported that, the government has given mineral producers three months to subm ...
Monday, 20 February 12
WEEKLY DRY MARKET OVERVIEW - MARIA BERTZELETOU
The dry market experienced one more disappointing week with tonnage oversupply and limited cargo demand that pushes earnings for shipping players to ...
Monday, 20 February 12
JATENERGY SECURES FIRST 8000-TONNE COAL SALES CONTRACT FOR JONGKANG MINES
8000-tonne contract with Singaporean buyer signed for March delivery
50% down payment due in five working days
Production continues at both Jongka ...
Monday, 20 February 12
DIAN SWASTATIKA ACQUIRES ANDALAN LESTARI - INSIDER STORIES
Insider Stories reported that, PT Dian Swastatika Sentosa Tbk (DSSA), controlled by Fuganto Widjaja, son of Indra Widjaja, reported a 99.83% takeove ...
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Showing 4841 to 4845 news of total 6871 |
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- Simpson Spence & Young - Indonesia
- Mercator Lines Limited - India
- GMR Energy Limited - India
- Oldendorff Carriers - Singapore
- Thiess Contractors Indonesia
- Minerals Council of Australia
- IHS Mccloskey Coal Group - USA
- Mintek Dendrill Indonesia
- Sinarmas Energy and Mining - Indonesia
- Indika Energy - Indonesia
- Bangladesh Power Developement Board
- Chamber of Mines of South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Videocon Industries ltd - India
- Madhucon Powers Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Georgia Ports Authority, United States
- Planning Commission, India
- Ceylon Electricity Board - Sri Lanka
- Trasteel International SA, Italy
- Jorong Barutama Greston.PT - Indonesia
- Medco Energi Mining Internasional
- PetroVietnam Power Coal Import and Supply Company
- Kartika Selabumi Mining - Indonesia
- Bhushan Steel Limited - India
- Pendopo Energi Batubara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Meenaskhi Energy Private Limited - India
- Coal and Oil Company - UAE
- Grasim Industreis Ltd - India
- Toyota Tsusho Corporation, Japan
- Asmin Koalindo Tuhup - Indonesia
- Goldman Sachs - Singapore
- Bhatia International Limited - India
- Binh Thuan Hamico - Vietnam
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
- Merrill Lynch Commodities Europe
- Siam City Cement - Thailand
- GAC Shipping (India) Pvt Ltd
- SMC Global Power, Philippines
- Kumho Petrochemical, South Korea
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Finance - Indonesia
- Orica Mining Services - Indonesia
- Salva Resources Pvt Ltd - India
- Central Electricity Authority - India
- SMG Consultants - Indonesia
- India Bulls Power Limited - India
- Petron Corporation, Philippines
- Standard Chartered Bank - UAE
- Australian Coal Association
- European Bulk Services B.V. - Netherlands
- CNBM International Corporation - China
- Altura Mining Limited, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coalindo Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Agrawal Coal Company - India
- Semirara Mining Corp, Philippines
- Xindia Steels Limited - India
- Sarangani Energy Corporation, Philippines
- VISA Power Limited - India
- Makarim & Taira - Indonesia
- PTC India Limited - India
- The State Trading Corporation of India Ltd
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Aditya Birla Group - India
- Banpu Public Company Limited - Thailand
- Directorate Of Revenue Intelligence - India
- Economic Council, Georgia
- Tamil Nadu electricity Board
- Maheswari Brothers Coal Limited - India
- Indian Energy Exchange, India
- Electricity Generating Authority of Thailand
- Central Java Power - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- ICICI Bank Limited - India
- Eastern Energy - Thailand
- SN Aboitiz Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Heidelberg Cement - Germany
- GN Power Mariveles Coal Plant, Philippines
- White Energy Company Limited
- LBH Netherlands Bv - Netherlands
- Dalmia Cement Bharat India
- Kepco SPC Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- McConnell Dowell - Australia
- Marubeni Corporation - India
- Posco Energy - South Korea
- Indo Tambangraya Megah - Indonesia
- MS Steel International - UAE
- Krishnapatnam Port Company Ltd. - India
- Maharashtra Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Renaissance Capital - South Africa
- The University of Queensland
- Karbindo Abesyapradhi - Indoneisa
- Interocean Group of Companies - India
- Global Coal Blending Company Limited - Australia
- Savvy Resources Ltd - HongKong
- Global Business Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Kideco Jaya Agung - Indonesia
- Wood Mackenzie - Singapore
- Larsen & Toubro Limited - India
- Leighton Contractors Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Wilmar Investment Holdings
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- Thai Mozambique Logistica
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mjunction Services Limited - India
- Vedanta Resources Plc - India
- Sakthi Sugars Limited - India
- Holcim Trading Pte Ltd - Singapore
- Ambuja Cements Ltd - India
- Mercuria Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Attock Cement Pakistan Limited
- Independent Power Producers Association of India
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Ind-Barath Power Infra Limited - India
- Kaltim Prima Coal - Indonesia
- GVK Power & Infra Limited - India
- Energy Development Corp, Philippines
- Essar Steel Hazira Ltd - India
- Star Paper Mills Limited - India
- Electricity Authority, New Zealand
- Vizag Seaport Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Africa Commodities Group - South Africa
- Uttam Galva Steels Limited - India
- PowerSource Philippines DevCo
- Gujarat Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Singapore Mercantile Exchange
- Jaiprakash Power Ventures ltd
- Parliament of New Zealand
- Australian Commodity Traders Exchange
- Baramulti Group, Indonesia
- Ministry of Mines - Canada
- Energy Link Ltd, New Zealand
- Samtan Co., Ltd - South Korea
- Cigading International Bulk Terminal - Indonesia
- Edison Trading Spa - Italy
- PNOC Exploration Corporation - Philippines
- Latin American Coal - Colombia
- Cement Manufacturers Association - India
- Meralco Power Generation, Philippines
- Intertek Mineral Services - Indonesia
- Anglo American - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Indian Oil Corporation Limited
- Deloitte Consulting - India
- Barasentosa Lestari - Indonesia
- New Zealand Coal & Carbon
- Metalloyd Limited - United Kingdom
- Therma Luzon, Inc, Philippines
- Carbofer General Trading SA - India
- Formosa Plastics Group - Taiwan
- South Luzon Thermal Energy Corporation
- The Treasury - Australian Government
- ASAPP Information Group - India
- Eastern Coal Council - USA
- Price Waterhouse Coopers - Russia
- Jindal Steel & Power Ltd - India
- Ministry of Transport, Egypt
- Indogreen Group - Indonesia
- Romanian Commodities Exchange
- Orica Australia Pty. Ltd.
- Lanco Infratech Ltd - India
- Bayan Resources Tbk. - Indonesia
- Kobexindo Tractors - Indoneisa
- Indonesian Coal Mining Association
- Riau Bara Harum - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Tata Chemicals Ltd - India
- Coastal Gujarat Power Limited - India
- Sindya Power Generating Company Private Ltd
- Antam Resourcindo - Indonesia
- Sical Logistics Limited - India
- Timah Investasi Mineral - Indoneisa
- Globalindo Alam Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bukit Makmur.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Bhoruka Overseas - Indonesia
- Parry Sugars Refinery, India
- Borneo Indobara - Indonesia
- Chettinad Cement Corporation Ltd - India
- Karaikal Port Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Bulk Trading Sa - Switzerland
- Kohat Cement Company Ltd. - Pakistan
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Manunggal Multi Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bharathi Cement Corporation - India
- San Jose City I Power Corp, Philippines
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