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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, 01 February 12
2% OF IBPS TOTAL CONCESSION AREA CONTAINS TOTAL COAL RESOURCE OF 56.1 MILLION TON
COALspot.com - PT. Britmindo, a mine consulting firm, has finalized PT. Insani Bara Perkasa (IBP) first JORC (Joint Ore Reserves Committee) res ...
Tuesday, 31 January 12
THERE ARE MANY GOOD REASONS FOR COAL IN GERMANY - DR CIESLIK
COALspot.com - "The year 2011 was again marked by many changes on the markets and energy policies, at times in line with expectations, but at o ...
Tuesday, 31 January 12
DRY BULK MARKET KEEPS FALLING FOR WORST MONTH IN YEARS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market didn't manage to put a halt in its downfall, with the industry's benchmark, the BDI (Baltic Dry Index), posting yet another fa ...
Monday, 30 January 12
CHINA'S HUNGER FOR COAL LEAVES DENT IN PENNSYLVANIA'S SUPPLY - THOMAS LESKIN
With the price of heating oil on the rise, one of Pennsylvania's greatest natural resources - coal - is in high demand, and not just locally.
Et ...
Saturday, 28 January 12
WILL FREIGHT MARKET STABILIZE FROM NEXT WEEK?
COALspot.com - The markets continued to soften with BDI at 663 points down by 15.78 pct closing at 726 points and cape index was down by 5.73 pct cl ...
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- Toyota Tsusho Corporation, Japan
- Directorate General of MIneral and Coal - Indonesia
- Attock Cement Pakistan Limited
- Chamber of Mines of South Africa
- Globalindo Alam Lestari - Indonesia
- Independent Power Producers Association of India
- ASAPP Information Group - India
- Economic Council, Georgia
- Global Coal Blending Company Limited - Australia
- Aditya Birla Group - India
- Energy Development Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Orica Mining Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- Thai Mozambique Logistica
- European Bulk Services B.V. - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Agrawal Coal Company - India
- Madhucon Powers Ltd - India
- Commonwealth Bank - Australia
- Bharathi Cement Corporation - India
- The Treasury - Australian Government
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- Parliament of New Zealand
- Ministry of Finance - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Central Java Power - Indonesia
- Grasim Industreis Ltd - India
- Sarangani Energy Corporation, Philippines
- Larsen & Toubro Limited - India
- SMC Global Power, Philippines
- Latin American Coal - Colombia
- Kapuas Tunggal Persada - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Meralco Power Generation, Philippines
- Global Business Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- Salva Resources Pvt Ltd - India
- Electricity Authority, New Zealand
- Pendopo Energi Batubara - Indonesia
- Videocon Industries ltd - India
- Price Waterhouse Coopers - Russia
- Renaissance Capital - South Africa
- GMR Energy Limited - India
- Sindya Power Generating Company Private Ltd
- Sojitz Corporation - Japan
- Anglo American - United Kingdom
- Africa Commodities Group - South Africa
- Star Paper Mills Limited - India
- Coal and Oil Company - UAE
- Indian Energy Exchange, India
- South Luzon Thermal Energy Corporation
- Formosa Plastics Group - Taiwan
- Orica Australia Pty. Ltd.
- Jorong Barutama Greston.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Indika Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Deloitte Consulting - India
- Cement Manufacturers Association - India
- Tata Chemicals Ltd - India
- Kepco SPC Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Bukit Baiduri Energy - Indonesia
- Bhushan Steel Limited - India
- Simpson Spence & Young - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Jindal Steel & Power Ltd - India
- Lanco Infratech Ltd - India
- IHS Mccloskey Coal Group - USA
- Wilmar Investment Holdings
- Sree Jayajothi Cements Limited - India
- Ind-Barath Power Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Bangladesh Power Developement Board
- AsiaOL BioFuels Corp., Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vedanta Resources Plc - India
- SN Aboitiz Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Indogreen Group - Indonesia
- Kaltim Prima Coal - Indonesia
- Antam Resourcindo - Indonesia
- Eastern Energy - Thailand
- Timah Investasi Mineral - Indoneisa
- Kideco Jaya Agung - Indonesia
- Romanian Commodities Exchange
- Binh Thuan Hamico - Vietnam
- Rio Tinto Coal - Australia
- Asmin Koalindo Tuhup - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Tamil Nadu electricity Board
- Borneo Indobara - Indonesia
- San Jose City I Power Corp, Philippines
- Baramulti Group, Indonesia
- Semirara Mining Corp, Philippines
- Mjunction Services Limited - India
- TeaM Sual Corporation - Philippines
- Indian Oil Corporation Limited
- Bulk Trading Sa - Switzerland
- Aboitiz Power Corporation - Philippines
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- Straits Asia Resources Limited - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Carbofer General Trading SA - India
- Gujarat Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Mercuria Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- GVK Power & Infra Limited - India
- Banpu Public Company Limited - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- IEA Clean Coal Centre - UK
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coalindo Energy - Indonesia
- Ministry of Mines - Canada
- Central Electricity Authority - India
- Standard Chartered Bank - UAE
- Kohat Cement Company Ltd. - Pakistan
- Dalmia Cement Bharat India
- Uttam Galva Steels Limited - India
- Oldendorff Carriers - Singapore
- Makarim & Taira - Indonesia
- OPG Power Generation Pvt Ltd - India
- Wood Mackenzie - Singapore
- Siam City Cement PLC, Thailand
- Neyveli Lignite Corporation Ltd, - India
- Sical Logistics Limited - India
- McConnell Dowell - Australia
- Australian Commodity Traders Exchange
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
- Australian Coal Association
- Karaikal Port Pvt Ltd - India
- Posco Energy - South Korea
- Intertek Mineral Services - Indonesia
- Minerals Council of Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Marubeni Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Eastern Coal Council - USA
- Heidelberg Cement - Germany
- Krishnapatnam Port Company Ltd. - India
- London Commodity Brokers - England
- Bhatia International Limited - India
- Gujarat Sidhee Cement - India
- GAC Shipping (India) Pvt Ltd
- LBH Netherlands Bv - Netherlands
- PTC India Limited - India
- Rashtriya Ispat Nigam Limited - India
- Petron Corporation, Philippines
- Power Finance Corporation Ltd., India
- Medco Energi Mining Internasional
- Manunggal Multi Energi - Indonesia
- Port Waratah Coal Services - Australia
- Sakthi Sugars Limited - India
- Mintek Dendrill Indonesia
- CIMB Investment Bank - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Bayan Resources Tbk. - Indonesia
- White Energy Company Limited
- Altura Mining Limited, Indonesia
- Ambuja Cements Ltd - India
- Savvy Resources Ltd - HongKong
- MS Steel International - UAE
- Georgia Ports Authority, United States
- India Bulls Power Limited - India
- VISA Power Limited - India
- PowerSource Philippines DevCo
- Karbindo Abesyapradhi - Indoneisa
- Riau Bara Harum - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- CNBM International Corporation - China
- Alfred C Toepfer International GmbH - Germany
- The University of Queensland
- Gujarat Mineral Development Corp Ltd - India
- Parry Sugars Refinery, India
- SMG Consultants - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Metalloyd Limited - United Kingdom
- Bukit Makmur.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Chettinad Cement Corporation Ltd - India
- Malabar Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kumho Petrochemical, South Korea
- Therma Luzon, Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Sinarmas Energy and Mining - Indonesia
- ICICI Bank Limited - India
- Interocean Group of Companies - India
- Samtan Co., Ltd - South Korea
- Singapore Mercantile Exchange
- Kobexindo Tractors - Indoneisa
- Mercator Lines Limited - India
- Meenaskhi Energy Private Limited - India
- Edison Trading Spa - Italy
- Ministry of Transport, Egypt
- Siam City Cement - Thailand
- Planning Commission, India
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