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Thursday, 17 October 13
CHINA'S COAL IMPORTS DOWN 9.4% TO 25.96 MMT IN AUGUST


COALspot.com: China's August Imported coal volumes down 9.4% m-m but up 27% y-y, BNP said in its latest China Coal & Power report released on 14 October 2013. According to BNP's analysis report, China has imported 25.96 m tonnes of coal in August.

“We think the m-m decline was mainly due to the narrowing price gap: 1-3% from mid-August vs 7-9% in July, BNP said. "We expect import coal volume to decline, with current price discount reversal and with the cancelation of zero tariff on lignite" said BNP's analyst Daisy Zhang, CFA.

Daisy Zhang further said in her report, Chinese domestic coal price discount narrows on price recovery and freight rate increase. This week’s domestic coal price discount narrowed to 2.6%, due to the recovery of domestic coal price and an increase in the domestic freight rate.”

The report further indicate that, the Newcastle spot price was up 0.5% w-w to USD 80.54/tonne and RBCT price was up 2.0% w-w to USD 79.63/tonne. The price increase was offset by an 11% w-w decline in international freight rate, while domestic freight rate started to rise again with QHD to SH freight up 6.4% w-w.



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Friday, 01 November 13
DRY BULK MARKET IN FIRST POSITIVE SIGN IN DAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Owners of dry bulk carriers are well aware of the rollercoaster ride that has been the market for their vessels over the past few years. This trend ...


Thursday, 31 October 13
HANDY: ACTIVE; PANAMAX: QUIET; CAPESIZE: NO LIGHT
Handy The handy market had an active week however not directly translated into the rates we´ve seen in the Pacific. We see more coal and baux ...


Wednesday, 30 October 13
INDONESIAN STATE OWNED COAL MINER HAS EXPORTED 7.02 MILLION TONS OF COAL IN 9 MONTHS
COALspot.com : PT. Bukit Asam, Indonesian state owned coal miner has sold 13.24 million tons of coal for the period January - September 2013. Accord ...


Wednesday, 30 October 13
DRY BULK MARKET HAS LOST FURTHER GROUND THIS PAST WEEK - INTERMODAL
Chartering (Wet: Firm+ / Dry: Stable-) The Dry Bulk market has lost further ground this past week, as de-creased activity in both basins for both C ...


Wednesday, 30 October 13
CAPESIZE: DOWNWARD; SUPRAS AND HANDIES: STABLE - INTERMODAL
The Dry Bulk market has resumed its downward movement, noting another dip for a third week in a row. The larger size segments were responsible for p ...


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