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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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Monday, 18 August 14
CFR SOUTH CHINA COAL SWAP PERFORMED WELL THIS PAST WEEK
COALspot.com: API 8 CFR South China Coal swap for delivery in September 2014 increased US$ 0.45 (+0.66%) day on day and US$ 0.30 (+0.44%)&nbs ...
Saturday, 16 August 14
HIGH DEMAND OF IRON ORE SHIPMENTS PUSHED CAPE INDEX UPWARDS
COALspot.com: This week's freight market was buoyant with Cape and panamax index seeing a big jump pushing the BDI above 1,000 points week on c ...
Friday, 15 August 14
5TH ANNUAL POWER AND ELECTRICITY INDONESIA
5TH ANNUAL POWER AND ELECTRICITY INDONESIA
13-16 October 2014
Grand Hyatt Jakarta, Indonesia
Web Site
The country’s definitive ...
Thursday, 14 August 14
U.S. STEAM COAL IMPORTS REMAIN DOWN SHARPLY FROM HISTORIC HIGH IN 2007, SAYS EIA
COALspot.com: U.S. steam coal imports at power plants have fallen significantly from their peak level of more than 30 million tons in 2007 to less ...
Thursday, 14 August 14
INDIA'S PLAN TO START AN INFRASTRUCTURE BOOM AND TO INVEST US$ 1 TRILLION BY 2017 WILL SURELY AFFECT THE DRY BULK TRADE - FEARNLEYS
Handy
The Atlantic Supra market has continued its improving sentiment with rates climbing and TA´s are now up about US$ 900 w-o-w, said Fea ...
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- PowerSource Philippines DevCo
- Uttam Galva Steels Limited - India
- Romanian Commodities Exchange
- Kalimantan Lumbung Energi - Indonesia
- Australian Coal Association
- Aditya Birla Group - India
- Globalindo Alam Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- India Bulls Power Limited - India
- Sical Logistics Limited - India
- Lanco Infratech Ltd - India
- Africa Commodities Group - South Africa
- Coalindo Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Bhoruka Overseas - Indonesia
- Bangladesh Power Developement Board
- Planning Commission, India
- Bhushan Steel Limited - India
- Bhatia International Limited - India
- Parliament of New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Jaiprakash Power Ventures ltd
- Neyveli Lignite Corporation Ltd, - India
- Bayan Resources Tbk. - Indonesia
- San Jose City I Power Corp, Philippines
- Rio Tinto Coal - Australia
- Central Electricity Authority - India
- Riau Bara Harum - Indonesia
- IEA Clean Coal Centre - UK
- Bank of Tokyo Mitsubishi UFJ Ltd
- Malabar Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Agrawal Coal Company - India
- Global Business Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Altura Mining Limited, Indonesia
- London Commodity Brokers - England
- The State Trading Corporation of India Ltd
- Mjunction Services Limited - India
- Price Waterhouse Coopers - Russia
- Ceylon Electricity Board - Sri Lanka
- Sindya Power Generating Company Private Ltd
- Alfred C Toepfer International GmbH - Germany
- Sree Jayajothi Cements Limited - India
- Gujarat Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Chamber of Mines of South Africa
- Bulk Trading Sa - Switzerland
- Binh Thuan Hamico - Vietnam
- Mintek Dendrill Indonesia
- Ministry of Finance - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- New Zealand Coal & Carbon
- Karaikal Port Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Kartika Selabumi Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- Indian Oil Corporation Limited
- Timah Investasi Mineral - Indoneisa
- Wood Mackenzie - Singapore
- Iligan Light & Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Eastern Energy - Thailand
- Therma Luzon, Inc, Philippines
- Attock Cement Pakistan Limited
- Ministry of Mines - Canada
- Gujarat Mineral Development Corp Ltd - India
- OPG Power Generation Pvt Ltd - India
- Cement Manufacturers Association - India
- Siam City Cement PLC, Thailand
- South Luzon Thermal Energy Corporation
- Bukit Asam (Persero) Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- MS Steel International - UAE
- Marubeni Corporation - India
- Interocean Group of Companies - India
- Electricity Generating Authority of Thailand
- PetroVietnam Power Coal Import and Supply Company
- Power Finance Corporation Ltd., India
- ASAPP Information Group - India
- Medco Energi Mining Internasional
- Vijayanagar Sugar Pvt Ltd - India
- Minerals Council of Australia
- The University of Queensland
- McConnell Dowell - Australia
- Samtan Co., Ltd - South Korea
- Xindia Steels Limited - India
- Bharathi Cement Corporation - India
- Formosa Plastics Group - Taiwan
- Krishnapatnam Port Company Ltd. - India
- Tata Chemicals Ltd - India
- Indika Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- PTC India Limited - India
- White Energy Company Limited
- Global Green Power PLC Corporation, Philippines
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- Renaissance Capital - South Africa
- Deloitte Consulting - India
- Petrochimia International Co. Ltd.- Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Cigading International Bulk Terminal - Indonesia
- VISA Power Limited - India
- Toyota Tsusho Corporation, Japan
- International Coal Ventures Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Latin American Coal - Colombia
- Posco Energy - South Korea
- Economic Council, Georgia
- Intertek Mineral Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Maheswari Brothers Coal Limited - India
- Anglo American - United Kingdom
- Tamil Nadu electricity Board
- Borneo Indobara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Coal and Oil Company - UAE
- Parry Sugars Refinery, India
- Chettinad Cement Corporation Ltd - India
- Kumho Petrochemical, South Korea
- Simpson Spence & Young - Indonesia
- Meenaskhi Energy Private Limited - India
- Wilmar Investment Holdings
- Eastern Coal Council - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Larsen & Toubro Limited - India
- Miang Besar Coal Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Independent Power Producers Association of India
- Sakthi Sugars Limited - India
- European Bulk Services B.V. - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Energy Development Corp, Philippines
- TeaM Sual Corporation - Philippines
- ICICI Bank Limited - India
- Bukit Makmur.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Indian Energy Exchange, India
- Dalmia Cement Bharat India
- Sinarmas Energy and Mining - Indonesia
- Ambuja Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Singapore Mercantile Exchange
- Trasteel International SA, Italy
- Coastal Gujarat Power Limited - India
- GMR Energy Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Petron Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Sidhee Cement - India
- Georgia Ports Authority, United States
- Metalloyd Limited - United Kingdom
- Edison Trading Spa - Italy
- CNBM International Corporation - China
- CIMB Investment Bank - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Mercuria Energy - Indonesia
- Central Java Power - Indonesia
- SMG Consultants - Indonesia
- Ministry of Transport, Egypt
- Karbindo Abesyapradhi - Indoneisa
- Port Waratah Coal Services - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Orica Mining Services - Indonesia
- SMC Global Power, Philippines
- Banpu Public Company Limited - Thailand
- Carbofer General Trading SA - India
- Indogreen Group - Indonesia
- Orica Australia Pty. Ltd.
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
- The Treasury - Australian Government
- LBH Netherlands Bv - Netherlands
- Savvy Resources Ltd - HongKong
- Electricity Authority, New Zealand
- Australian Commodity Traders Exchange
- Videocon Industries ltd - India
- Commonwealth Bank - Australia
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Kobexindo Tractors - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Vizag Seaport Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Aboitiz Power Corporation - Philippines
- Standard Chartered Bank - UAE
- GVK Power & Infra Limited - India
- Thiess Contractors Indonesia
- Energy Link Ltd, New Zealand
- Star Paper Mills Limited - India
- Kaltim Prima Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Vedanta Resources Plc - India
- Thai Mozambique Logistica
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- Merrill Lynch Commodities Europe
- Antam Resourcindo - Indonesia
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