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Monday, 18 August 14
CAPESIZE RATES TO RISE TO MUCH HIGHER LEVELS THIS YEAR - JEFFREY LANDSBERG
 COALspot.com: Capesize rates ended last week at $15,561/day, which marked a week-on-week increase of $6,167 (66%). Capesize rates have been able to rise by such a large amount so quickly, as vessel availability in both the Atlantic basin and Pacific basin have become tighter. Going forward, demand for capesize vessels is poised to rise even further as both Australian and Brazilian iron ore production is set to rise much further through the end of the year (the most significant element is that Brazilian iron ore production is set to rise by an extremely large amount and much less capesize vessels are available in the Atlantic basin -- discussed in greater detail below).
Coal shipment volume is also increasing in both the Atlantic and Pacific.
European coal port stockpiles are at lows not seen since April, Indian power plant coal stockpiles are at critical lows, and China's annual seasonal rise in rainfall (and hydropower production) is coming to end. Demand for coal in Europe, India, and China has increased this month and is set to find greater support during the upcoming months. This is supporting the capesize market, panamax market, and handymax market.
In total, 10 dry bulk vessels (including 9 Capes) were chartered to haul Brazilian iron ore cargoes in the spot market last week. This was 4 more than were chartered during the previous week and the most chartered in any single week since the first week of July. Vessel availability in the Atlantic basin has already been tight and the increase in demand for vessels to ship Brazilian iron ore cargoes is leading to a strong increase in capesize rates. Much more Brazilian iron ore will be exported during September through the end of the year, and capesize rates are set to rise to much higher levels this year. In particular, Vale's total iron ore shipments during the second half of this year are expected to total at least 176.3 million tons, which would mark a huge increase of 31.6 million tons (22%) from shipments seen during the first half of this year.
The first half of this year saw a considerable decrease in Brazilian iron ore shipments (which is normal), while second half of the year is seeing a huge jump in Brazilian iron ore shipments (which are going to increase much further during the upcoming weeks and months).
Capesize rates are finding significant support now as a result, and are set to rise to much higher levels. Both Atlantic basin and Pacific basin capesize availability will become much tighter. It is not just Vale increasing iron ore production -- all three of the major iron ore miners in Australia are also further increasing iron ore production through the end of this year.
Demand for coal in Europe, India, and China has also increased recently and is set to find more support during the upcoming months. At the same time, the capesize fleet is now growing by only a relatively small amount. In China, there also remains great demand for imported iron ore. Not surprisingly, iron ore imports surge again last month reaching a robust 82.5 million tons (the third largest amount ever imported). Chinese steel mills continue to consume a much greater amount of imported iron ore over domestic iron ore this year.
Steel mills have benefited greatly from the large decline in iron ore import prices seen this year and also continue to favor the consumption of iron ore imports, as imports are of much higher quality than domestic iron ore mined in China and pollutes the environment much less. These factors are all supporting the capesize market.
- Commodore Research -
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Tuesday, 26 August 14
GOVT ON TRACK TO LIMIT COAL OUTPUT - THE JAKARTA POST
The government has announced that it will proceed with plans to cap the production of coal next year, a move aimed not only at protecting the envir ...
Monday, 25 August 14
4TH ANNUAL FLOATING TERMINALS
4th Annual Floating Terminals
18-20 Nov 2014
Intercontinental Jakarta Midplaza,
Indonesia
Web Site
The Floating Terminal c ...
Monday, 25 August 14
THE BALTIC DRY IS JUMPING, BUT DON'T DRAW ANY BROAD CONCLUSIONS - NASDAQ
Those who consistently preach doom and gloom and see an economic apocalypse around every corner would make me laugh if it weren’t for the fac ...
Monday, 25 August 14
COAL CEOS: DEMISE OF COAL 'EXAGGERATED' - MARK WILCOX
By Mark Wilcox
Heads of some of the largest coal companies in Wyoming are saying the demise of coal has been exaggerated, though the industry def ...
Monday, 25 August 14
INDO COAL SWAPS W-O-W: NEGATIVE; M-O-M: POSITIVE
COALspot.com: Indonesian coal swaps for average September 2014 decreased US$ 0.15 (-0.28%) day on day and US$ 0.65 (-1.19%) per mt week on week. Th ...
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- Eastern Coal Council - USA
- Coastal Gujarat Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- Standard Chartered Bank - UAE
- Mintek Dendrill Indonesia
- Star Paper Mills Limited - India
- Orica Australia Pty. Ltd.
- Sree Jayajothi Cements Limited - India
- Meenaskhi Energy Private Limited - India
- Thiess Contractors Indonesia
- Iligan Light & Power Inc, Philippines
- Chamber of Mines of South Africa
- Bulk Trading Sa - Switzerland
- Chettinad Cement Corporation Ltd - India
- CNBM International Corporation - China
- Sindya Power Generating Company Private Ltd
- Straits Asia Resources Limited - Singapore
- Ministry of Transport, Egypt
- Anglo American - United Kingdom
- Indika Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Intertek Mineral Services - Indonesia
- Gujarat Sidhee Cement - India
- Directorate General of MIneral and Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Videocon Industries ltd - India
- European Bulk Services B.V. - Netherlands
- Simpson Spence & Young - Indonesia
- Global Green Power PLC Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Samtan Co., Ltd - South Korea
- Vizag Seaport Private Limited - India
- Coalindo Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Deloitte Consulting - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jaiprakash Power Ventures ltd
- Banpu Public Company Limited - Thailand
- Semirara Mining and Power Corporation, Philippines
- Orica Mining Services - Indonesia
- ASAPP Information Group - India
- Singapore Mercantile Exchange
- MS Steel International - UAE
- Mercator Lines Limited - India
- Oldendorff Carriers - Singapore
- GMR Energy Limited - India
- Makarim & Taira - Indonesia
- Goldman Sachs - Singapore
- Indian Energy Exchange, India
- GN Power Mariveles Coal Plant, Philippines
- Indogreen Group - Indonesia
- Sakthi Sugars Limited - India
- Mjunction Services Limited - India
- Baramulti Group, Indonesia
- Kepco SPC Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- White Energy Company Limited
- Manunggal Multi Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Carbofer General Trading SA - India
- Kohat Cement Company Ltd. - Pakistan
- Riau Bara Harum - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Ind-Barath Power Infra Limited - India
- Siam City Cement - Thailand
- Price Waterhouse Coopers - Russia
- Gujarat Mineral Development Corp Ltd - India
- Electricity Generating Authority of Thailand
- VISA Power Limited - India
- Georgia Ports Authority, United States
- Marubeni Corporation - India
- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- New Zealand Coal & Carbon
- Salva Resources Pvt Ltd - India
- Australian Commodity Traders Exchange
- International Coal Ventures Pvt Ltd - India
- SMC Global Power, Philippines
- Formosa Plastics Group - Taiwan
- Bhatia International Limited - India
- Electricity Authority, New Zealand
- Ambuja Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Heidelberg Cement - Germany
- Aditya Birla Group - India
- Kartika Selabumi Mining - Indonesia
- Planning Commission, India
- Edison Trading Spa - Italy
- PowerSource Philippines DevCo
- AsiaOL BioFuels Corp., Philippines
- Africa Commodities Group - South Africa
- Bharathi Cement Corporation - India
- Attock Cement Pakistan Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Independent Power Producers Association of India
- Vedanta Resources Plc - India
- Cigading International Bulk Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
- Tata Chemicals Ltd - India
- Antam Resourcindo - Indonesia
- The University of Queensland
- Bayan Resources Tbk. - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Energy - Thailand
- The State Trading Corporation of India Ltd
- Cement Manufacturers Association - India
- IHS Mccloskey Coal Group - USA
- Maharashtra Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Savvy Resources Ltd - HongKong
- PTC India Limited - India
- Petron Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Krishnapatnam Port Company Ltd. - India
- OPG Power Generation Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- GAC Shipping (India) Pvt Ltd
- Lanco Infratech Ltd - India
- Global Business Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
- Therma Luzon, Inc, Philippines
- IEA Clean Coal Centre - UK
- Power Finance Corporation Ltd., India
- Rashtriya Ispat Nigam Limited - India
- Leighton Contractors Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Bhushan Steel Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Wood Mackenzie - Singapore
- Semirara Mining Corp, Philippines
- Xindia Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Sical Logistics Limited - India
- Barasentosa Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- LBH Netherlands Bv - Netherlands
- Posco Energy - South Korea
- Central Electricity Authority - India
- Port Waratah Coal Services - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Indian Oil Corporation Limited
- Uttam Galva Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Madhucon Powers Ltd - India
- Central Java Power - Indonesia
- Sojitz Corporation - Japan
- Miang Besar Coal Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Maheswari Brothers Coal Limited - India
- Directorate Of Revenue Intelligence - India
- Australian Coal Association
- Dalmia Cement Bharat India
- Binh Thuan Hamico - Vietnam
- Commonwealth Bank - Australia
- Karbindo Abesyapradhi - Indoneisa
- McConnell Dowell - Australia
- The Treasury - Australian Government
- TNB Fuel Sdn Bhd - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Bukit Asam (Persero) Tbk - Indonesia
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Jindal Steel & Power Ltd - India
- Bangladesh Power Developement Board
- Thai Mozambique Logistica
- Kapuas Tunggal Persada - Indonesia
- SMG Consultants - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Romanian Commodities Exchange
- Rio Tinto Coal - Australia
- Wilmar Investment Holdings
- Holcim Trading Pte Ltd - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Larsen & Toubro Limited - India
- Renaissance Capital - South Africa
- Kaltim Prima Coal - Indonesia
- Energy Link Ltd, New Zealand
- Merrill Lynch Commodities Europe
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- Parry Sugars Refinery, India
- Ministry of Mines - Canada
- Bukit Makmur.PT - Indonesia
- Mercuria Energy - Indonesia
- Latin American Coal - Colombia
- Minerals Council of Australia
- Meralco Power Generation, Philippines
- Economic Council, Georgia
- Agrawal Coal Company - India
- SN Aboitiz Power Inc, Philippines
- Malabar Cements Ltd - India
- ICICI Bank Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Borneo Indobara - Indonesia
- GVK Power & Infra Limited - India
- Tamil Nadu electricity Board
- London Commodity Brokers - England
- India Bulls Power Limited - India
- CIMB Investment Bank - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
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