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Wednesday, 03 October 12
BARCLAYS'S PRICE FORECAST FOR NEWCASTLE COAL HAS BEEN WRITTEN DOWN
 “ The main story in the global coal markets has been the growth in supply, with all of the major exporters adding volumes into a market which we forecast will grow by 10.5% y/y in 2012. The US has been the leader, with exports increasing by 58% (up by 9 Mt) in H1 12, effectively exporting some of the energy surplus it had built up owing to a rise in shale gas extraction,” according to Barclays's Coal and freight quarterly report, that released last week.
The strong supply side has stimulated demand, with European takes up by some 7 Mt in the first four months as both the UK and Spain saw coal plant aggressively pushing out gas plant from the merit-orders. 2012 looks like it will be a high point for coal imports as environmental legislation should bring back some gas demand in 2013 and 2014, said Barclays's commodities researchers Trevor Sikorski, Miswin Mahesh & Sijin Cheng , in their latest market research report.
The Barclays’s report further pin pointed that, in the Pacific Basin, demand growth focused on China, which saw imports rise by 29% y/y, despite both very healthy additions to domestic production and a marked slowing of growth rates. The result of such high imports against a relatively modest demand background was eventually heavy pressure on Chinese domestic prices, a big build in inventories, and periods where additional imports have been turned away on contract default.
Barclays further said in its analysis report, global steam coal markets have softened since the start of the year (by around 18%). However, Barclays noted that over the last few months European delivered coal has been broadly stable at around 90 $/t. At this level, prices are now hovering around the marginal costs of the highest-cost exporters (Russia and the US) in the Atlantic Basin, and there are reports (McCloskey) that a number of Indonesian producers are starting to curtail production. While this is likely to limit potential downside, the inventory builds and modest Pacific demand side suggest limited upside, barring a significant weather or supply-side event.
Barclays revised its price outlook for CIF ARA forecasts and FOB Richards Bay prices by 1-3%.
Barclays’s price forecast for Newcastle coal has also been written down the most to average 96 $/t in 2012 (down 8.5% from their previous forecast of 105 $/t) and 94 $/t in 2013 (down 13% from 108 $/t), reflecting the impact of a slowdown in Chinese growth and the China’s current healthy inventories of coal.
Last week an Indonesian securites, Bahana Securities forecasted 2013 coal prices at USD 85 / ton, around US$ 12.00 or 12.37 percent below its 2012 price forecasts. Bahana believes upside potential on coal price remains limited due to weak coal demand. Hence, Bahana maintains its 2012 average coal benchmark price at USD 97/ton, and forecasted prices for 2013 far lesser than 2012 price.
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Friday, 09 November 12
SHIP OWNERS TURN TO SECOND HAND VESSELS, WHICH COME AT ATTRACTIVE PRICES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The attractiveness of modern second hand vessels, which are often priced aggressively can't be ignored by cash-rich ship owners, who are taking adv ...
Thursday, 08 November 12
LARGE ECO SUPRA : INDO - INDIA NOW FIXED AT USD 11K FOR DELIVERY SINGAPORE - FEARNLEYS
Handy
The Atlantic market continues to remain weak with rates further softening on FH. Rates from USG to Feast were around USD 14k and Black Sea to ...
Thursday, 08 November 12
DRY BULK MARKET RETREATS AGAIN ON HIGHER SHIP SUPPLY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In further evidence of a latest round of dry bulk shipping misery, the industry's benchmark fell for the 11th straight session yesterday, as the in ...
Thursday, 08 November 12
JOIN CHINA STEAM COAL SUPPLY - DEMAND FORUM
Join China Steam Coal Supply-Demand Forum & Visit Shenhua Yudean Zhuhai Port Coal Terminal
Press Release - Organized by CBI BIZ and suppo ...
Wednesday, 07 November 12
NEWBUILDING ORDERING ACTIVITY ON A STEADY PACE PRIOR TO THE END OF THE YEAR - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Newbuilding orders, which to many involved in the shipping industry, are the main reason of today's low freight rates and subsequent financial prob ...
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Showing 4511 to 4515 news of total 6871 |
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- Trasteel International SA, Italy
- Bharathi Cement Corporation - India
- Global Business Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Videocon Industries ltd - India
- Siam City Cement - Thailand
- Commonwealth Bank - Australia
- Georgia Ports Authority, United States
- White Energy Company Limited
- Wilmar Investment Holdings
- Latin American Coal - Colombia
- Intertek Mineral Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aboitiz Power Corporation - Philippines
- Thai Mozambique Logistica
- Planning Commission, India
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Meralco Power Generation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Kideco Jaya Agung - Indonesia
- Star Paper Mills Limited - India
- Indian Oil Corporation Limited
- Meenaskhi Energy Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Petron Corporation, Philippines
- Rio Tinto Coal - Australia
- Sojitz Corporation - Japan
- Interocean Group of Companies - India
- Kapuas Tunggal Persada - Indonesia
- Posco Energy - South Korea
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
- Kohat Cement Company Ltd. - Pakistan
- IHS Mccloskey Coal Group - USA
- IEA Clean Coal Centre - UK
- Kartika Selabumi Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Uttam Galva Steels Limited - India
- TeaM Sual Corporation - Philippines
- VISA Power Limited - India
- PNOC Exploration Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Lanco Infratech Ltd - India
- Riau Bara Harum - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tata Chemicals Ltd - India
- Madhucon Powers Ltd - India
- Gujarat Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Mercator Lines Limited - India
- Siam City Cement PLC, Thailand
- SMG Consultants - Indonesia
- Sarangani Energy Corporation, Philippines
- Chamber of Mines of South Africa
- Jindal Steel & Power Ltd - India
- London Commodity Brokers - England
- Timah Investasi Mineral - Indoneisa
- Coalindo Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Rashtriya Ispat Nigam Limited - India
- GAC Shipping (India) Pvt Ltd
- The University of Queensland
- Vedanta Resources Plc - India
- Indika Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Kobexindo Tractors - Indoneisa
- Makarim & Taira - Indonesia
- Carbofer General Trading SA - India
- Mintek Dendrill Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Salva Resources Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Marubeni Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Larsen & Toubro Limited - India
- Directorate General of MIneral and Coal - Indonesia
- CNBM International Corporation - China
- Romanian Commodities Exchange
- Eastern Energy - Thailand
- India Bulls Power Limited - India
- Indogreen Group - Indonesia
- Semirara Mining Corp, Philippines
- Central Java Power - Indonesia
- Bhoruka Overseas - Indonesia
- Savvy Resources Ltd - HongKong
- Port Waratah Coal Services - Australia
- Dalmia Cement Bharat India
- Merrill Lynch Commodities Europe
- Kepco SPC Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Banpu Public Company Limited - Thailand
- Medco Energi Mining Internasional
- Sinarmas Energy and Mining - Indonesia
- SMC Global Power, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The Treasury - Australian Government
- Global Green Power PLC Corporation, Philippines
- Ministry of Transport, Egypt
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- Anglo American - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Parry Sugars Refinery, India
- ICICI Bank Limited - India
- Energy Development Corp, Philippines
- Coal and Oil Company - UAE
- Miang Besar Coal Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- PTC India Limited - India
- Krishnapatnam Port Company Ltd. - India
- Economic Council, Georgia
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Energy Exchange, India
- San Jose City I Power Corp, Philippines
- Oldendorff Carriers - Singapore
- Indo Tambangraya Megah - Indonesia
- Pendopo Energi Batubara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Ambuja Cements Ltd - India
- Mjunction Services Limited - India
- Iligan Light & Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Mercuria Energy - Indonesia
- ASAPP Information Group - India
- Bangladesh Power Developement Board
- GMR Energy Limited - India
- Ministry of Mines - Canada
- Manunggal Multi Energi - Indonesia
- Parliament of New Zealand
- Attock Cement Pakistan Limited
- PowerSource Philippines DevCo
- Leighton Contractors Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Baramulti Group, Indonesia
- Central Electricity Authority - India
- European Bulk Services B.V. - Netherlands
- Simpson Spence & Young - Indonesia
- Africa Commodities Group - South Africa
- Essar Steel Hazira Ltd - India
- Binh Thuan Hamico - Vietnam
- South Luzon Thermal Energy Corporation
- Semirara Mining and Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Gujarat Sidhee Cement - India
- Electricity Generating Authority of Thailand
- Bulk Trading Sa - Switzerland
- Eastern Coal Council - USA
- Heidelberg Cement - Germany
- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- Globalindo Alam Lestari - Indonesia
- Orica Mining Services - Indonesia
- Sical Logistics Limited - India
- Alfred C Toepfer International GmbH - Germany
- OPG Power Generation Pvt Ltd - India
- Thiess Contractors Indonesia
- Sree Jayajothi Cements Limited - India
- Wood Mackenzie - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- PetroVietnam Power Coal Import and Supply Company
- Chettinad Cement Corporation Ltd - India
- Kumho Petrochemical, South Korea
- Indonesian Coal Mining Association
- Energy Link Ltd, New Zealand
- Toyota Tsusho Corporation, Japan
- New Zealand Coal & Carbon
- Price Waterhouse Coopers - Russia
- Straits Asia Resources Limited - Singapore
- International Coal Ventures Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Cement Manufacturers Association - India
- Xindia Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Singapore Mercantile Exchange
- Australian Commodity Traders Exchange
- Holcim Trading Pte Ltd - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Aditya Birla Group - India
- Borneo Indobara - Indonesia
- Vizag Seaport Private Limited - India
- The State Trading Corporation of India Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Authority, New Zealand
- Australian Coal Association
- Metalloyd Limited - United Kingdom
- Therma Luzon, Inc, Philippines
- Standard Chartered Bank - UAE
- Deloitte Consulting - India
- Edison Trading Spa - Italy
- GN Power Mariveles Coal Plant, Philippines
- Coastal Gujarat Power Limited - India
- Karaikal Port Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- Agrawal Coal Company - India
- Renaissance Capital - South Africa
- Ministry of Finance - Indonesia
- Minerals Council of Australia
- Grasim Industreis Ltd - India
- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
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