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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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Saturday, 07 January 12
COAL MARKETS SEE FALLING SPOT PRICES
COALspot.com – World’s thermal coal spot prices have slipped this week..
globalCOAL index in Newcastle Port, benchmark for Asian mark ...
Friday, 06 January 12
COAL INDIA LINKED COAL PRICES WITH INTERNATIONAL COAL PRICES
COALspot.com - Consumers of indigenous coal in India to pay International prices in the future. Coal India has recently moved from UHV pricing mecha ...
Friday, 06 January 12
CLARIDEN GLOBAL BRINGS YOU INDONESIA MINING 2012
Capitalizing Business & Investment Opportunities in an Uncertain Market.Press Release - Clariden Global brings you Indonesia Mining 2012, the dedi ...
Friday, 06 January 12
THE PANAMAX MARKET EXPERIENCED A SLOW START TO 2012 - FEARNLEYS AS
Handy
As usual after a holiday owners and charterers both try to get a feel of the market. An Armada of Supras were talking to ballast towards USG, ...
Thursday, 05 January 12
DRY BULK MARKET TAKES A PLUNGE OF LOW ACTIVITY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
As was widely expected the first days of the new year are characterized by significantly low chartering across the board of the dry bulk market, pus ...
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- Globalindo Alam Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Energy Link Ltd, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Videocon Industries ltd - India
- Bharathi Cement Corporation - India
- Australian Commodity Traders Exchange
- Latin American Coal - Colombia
- GN Power Mariveles Coal Plant, Philippines
- White Energy Company Limited
- Jorong Barutama Greston.PT - Indonesia
- Thiess Contractors Indonesia
- Ministry of Transport, Egypt
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
- India Bulls Power Limited - India
- Therma Luzon, Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karbindo Abesyapradhi - Indoneisa
- South Luzon Thermal Energy Corporation
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kobexindo Tractors - Indoneisa
- ICICI Bank Limited - India
- SN Aboitiz Power Inc, Philippines
- IEA Clean Coal Centre - UK
- PetroVietnam Power Coal Import and Supply Company
- Bukit Asam (Persero) Tbk - Indonesia
- Central Java Power - Indonesia
- Ambuja Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Binh Thuan Hamico - Vietnam
- Star Paper Mills Limited - India
- Essar Steel Hazira Ltd - India
- Baramulti Group, Indonesia
- Bhushan Steel Limited - India
- Simpson Spence & Young - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- Neyveli Lignite Corporation Ltd, - India
- VISA Power Limited - India
- Orica Australia Pty. Ltd.
- LBH Netherlands Bv - Netherlands
- Bukit Baiduri Energy - Indonesia
- Rio Tinto Coal - Australia
- Kaltim Prima Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- GMR Energy Limited - India
- Jaiprakash Power Ventures ltd
- Parry Sugars Refinery, India
- Mercator Lines Limited - India
- Kapuas Tunggal Persada - Indonesia
- Barasentosa Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TeaM Sual Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parliament of New Zealand
- Trasteel International SA, Italy
- Siam City Cement - Thailand
- Uttam Galva Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Sojitz Corporation - Japan
- Cement Manufacturers Association - India
- Cigading International Bulk Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Pendopo Energi Batubara - Indonesia
- Economic Council, Georgia
- Mjunction Services Limited - India
- Energy Development Corp, Philippines
- Electricity Authority, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Iligan Light & Power Inc, Philippines
- MS Steel International - UAE
- Formosa Plastics Group - Taiwan
- Bhatia International Limited - India
- Samtan Co., Ltd - South Korea
- Sakthi Sugars Limited - India
- Maheswari Brothers Coal Limited - India
- Metalloyd Limited - United Kingdom
- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- Aboitiz Power Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Semirara Mining Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Directorate Of Revenue Intelligence - India
- Coal and Oil Company - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Savvy Resources Ltd - HongKong
- Billiton Holdings Pty Ltd - Australia
- Singapore Mercantile Exchange
- McConnell Dowell - Australia
- Goldman Sachs - Singapore
- Renaissance Capital - South Africa
- Timah Investasi Mineral - Indoneisa
- Indian Energy Exchange, India
- Tamil Nadu electricity Board
- Thai Mozambique Logistica
- Australian Coal Association
- Straits Asia Resources Limited - Singapore
- CNBM International Corporation - China
- Interocean Group of Companies - India
- Eastern Energy - Thailand
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Riau Bara Harum - Indonesia
- Bayan Resources Tbk. - Indonesia
- Malabar Cements Ltd - India
- ASAPP Information Group - India
- Electricity Generating Authority of Thailand
- Minerals Council of Australia
- Planning Commission, India
- Mercuria Energy - Indonesia
- Medco Energi Mining Internasional
- PTC India Limited - India
- Karaikal Port Pvt Ltd - India
- Carbofer General Trading SA - India
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- SMG Consultants - Indonesia
- Global Green Power PLC Corporation, Philippines
- Georgia Ports Authority, United States
- Romanian Commodities Exchange
- CIMB Investment Bank - Malaysia
- Indonesian Coal Mining Association
- Power Finance Corporation Ltd., India
- Indika Energy - Indonesia
- Larsen & Toubro Limited - India
- Lanco Infratech Ltd - India
- Mintek Dendrill Indonesia
- Global Coal Blending Company Limited - Australia
- IHS Mccloskey Coal Group - USA
- Kalimantan Lumbung Energi - Indonesia
- Madhucon Powers Ltd - India
- OPG Power Generation Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- PowerSource Philippines DevCo
- Marubeni Corporation - India
- Meenaskhi Energy Private Limited - India
- Coastal Gujarat Power Limited - India
- Oldendorff Carriers - Singapore
- Posco Energy - South Korea
- Altura Mining Limited, Indonesia
- Orica Mining Services - Indonesia
- The University of Queensland
- London Commodity Brokers - England
- Independent Power Producers Association of India
- Intertek Mineral Services - Indonesia
- Meralco Power Generation, Philippines
- Port Waratah Coal Services - Australia
- Grasim Industreis Ltd - India
- European Bulk Services B.V. - Netherlands
- Price Waterhouse Coopers - Russia
- Ministry of Finance - Indonesia
- Gujarat Sidhee Cement - India
- Miang Besar Coal Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Wilmar Investment Holdings
- The Treasury - Australian Government
- Ceylon Electricity Board - Sri Lanka
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- Attock Cement Pakistan Limited
- Kepco SPC Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Siam City Cement PLC, Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- Ministry of Mines - Canada
- Aditya Birla Group - India
- Xindia Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bangladesh Power Developement Board
- Wood Mackenzie - Singapore
- Edison Trading Spa - Italy
- Maharashtra Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Deloitte Consulting - India
- Kumho Petrochemical, South Korea
- SMC Global Power, Philippines
- Africa Commodities Group - South Africa
- New Zealand Coal & Carbon
- Kartika Selabumi Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Tata Chemicals Ltd - India
- San Jose City I Power Corp, Philippines
- Global Business Power Corporation, Philippines
- Central Electricity Authority - India
- Petron Corporation, Philippines
- Salva Resources Pvt Ltd - India
- GVK Power & Infra Limited - India
- Anglo American - United Kingdom
- Eastern Coal Council - USA
- Bukit Makmur.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Sarangani Energy Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Makarim & Taira - Indonesia
- Heidelberg Cement - Germany
- PNOC Exploration Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Agrawal Coal Company - India
- Coalindo Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- The State Trading Corporation of India Ltd
- Dalmia Cement Bharat India
- Antam Resourcindo - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Vedanta Resources Plc - India
- Vizag Seaport Private Limited - India
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