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Friday, 07 August 09
BALTIC DRY INDEX HAS WORST WEEK SINCE OCTOBER AS DEMAND SLOWS
 Bloomberg reported that, The Baltic Dry Index, a measure of shipping costs for commodities, had its worst week since October as Chinese demand for shipments of coal and iron ore slowed.
The index tracking transportation costs on international trade routes today slid 135 points, or 4.6 percent, to 2,772 points, according to the Baltic Exchange. That took its weekly drop to 17 percent, the most since the end of October.
“The Chinese have backed off and it’s starting to show in the number of shipments this month,” Gavin Durrell, a Cape Town-based official at Island View Shipping SA, Africa’s biggest commodities shipping line, said by phone today. “Iron ore and coal seem to be slowing down.”
China’s record coal and iron ore imports in the first half helped the index to advance as much as fivefold this year, reversing some of the record 92 percent collapse in 2008. Demand rose after the country’s government announced a 4 trillion yuan ($586 billion) stimulus package.
Daily rental rates for every class of ship tracked by the bourse declined today, led by a 5.6 percent slump to $20,880 for panamaxes, ships designed to navigate the Panama Canal.
Capesizes, ships most commonly used to haul about 170,000 metric tons of iron ore around South Africa’s Cape of Good Hope or Chile’s Cape Horn, lost 5.2 percent to $45,428 a day. Smaller supramaxes fell 5 percent to $19,242 a day and handysize ships lost 2 percent to $12,051 a day.
Chinese Steelmakers
Rates are declining as Chinese steelmakers delay imports while they negotiate annual iron ore prices with producers such as Rio Tinto Group, BHP Billiton Ltd. and Vale SA, Durrell said. “I don’t think they will come back until they agree,” he said.
The drop reflects a wider slide in demand for raw materials that will likely push prices for metals, commodities and energy lower, Eugen Weinberg, a senior commodity analyst at Commerzbank AG in Frankfurt, said by phone yesterday.
The Baltic Dry Index has slumped 35 percent from this year’s high on June 3. The Standard & Poor’s GSCI Index of 24 commodities has climbed 7 percent over the same period.
Derivatives betting on the Baltic Exchange’s future assessments fell for a third day, indicating the declining spot market is causing traders’ future expectations to deteriorate.
October-to-December forward freight agreements, or FFAs, for capesizes lost 4.7 percent to $36,750 a day, according to prices from Imarex ASA, a broker of the accords. That implies traders expect the market to drop 19 percent by year-end.
Panamax contracts fell 1 percent to $17,625 a day, implying a 16 percent decline.
Source: Bloomberg
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Friday, 14 August 09
GUACOLDA STARTS THIRD COAL-FIRED UNIT
Macorship reported that, Chile’s Empresa Electrica Guacolda said that the third unit at its Guacolda coal-fired power plant began supplying po ...
Thursday, 13 August 09
RIO PREPARES COAL IPO AFTER FAILING TO FIND BUYER
Bloomberg reported that, Rio Tinto Group, the world’s third- largest mining company, is preparing an initial public offering for its U.S. ...
Thursday, 13 August 09
NOBLE'S PROFIT DOUBLES ON GLOUCESTER COAL ACQUISITION
Bloomberg reported that, Noble Group Ltd., a Hong Kong-based supplier of raw materials from soybeans to coal, said second- quarter profit more than ...
Thursday, 13 August 09
CHINA COAL-PRICES UNCHANGED, BUT LIKELY TO MOVE HIGHER
Alibaba reported that, Spot coal prices in China's top coal port Qinhuangdao were unchanged from a week earlier, but are still looking bullish in t ...
Thursday, 13 August 09
INDONESIA'S BERAU COAL SEES 2010 OUTPUT UP 16 PCT
Reuters reported that, Indonesia's fifth-largest coal miner, PT Berau Coal, expects 2010 production to be nearly 16 percent higher than this year, ...
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- Leighton Contractors Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Ministry of Transport, Egypt
- Bhoruka Overseas - Indonesia
- Australian Commodity Traders Exchange
- Neyveli Lignite Corporation Ltd, - India
- Kalimantan Lumbung Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- GAC Shipping (India) Pvt Ltd
- Heidelberg Cement - Germany
- Kobexindo Tractors - Indoneisa
- Merrill Lynch Commodities Europe
- Parry Sugars Refinery, India
- Wilmar Investment Holdings
- Thiess Contractors Indonesia
- Banpu Public Company Limited - Thailand
- The University of Queensland
- Cigading International Bulk Terminal - Indonesia
- Cement Manufacturers Association - India
- Indonesian Coal Mining Association
- Maharashtra Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- Agrawal Coal Company - India
- Wood Mackenzie - Singapore
- Makarim & Taira - Indonesia
- Bangladesh Power Developement Board
- Meralco Power Generation, Philippines
- Bukit Baiduri Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- White Energy Company Limited
- Rashtriya Ispat Nigam Limited - India
- Central Java Power - Indonesia
- Power Finance Corporation Ltd., India
- PowerSource Philippines DevCo
- Samtan Co., Ltd - South Korea
- Indogreen Group - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
- Straits Asia Resources Limited - Singapore
- Sinarmas Energy and Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Ministry of Mines - Canada
- Holcim Trading Pte Ltd - Singapore
- SN Aboitiz Power Inc, Philippines
- Lanco Infratech Ltd - India
- Coal and Oil Company - UAE
- ICICI Bank Limited - India
- CNBM International Corporation - China
- International Coal Ventures Pvt Ltd - India
- Posco Energy - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
- Sical Logistics Limited - India
- Independent Power Producers Association of India
- Central Electricity Authority - India
- Carbofer General Trading SA - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Georgia Ports Authority, United States
- TeaM Sual Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Vedanta Resources Plc - India
- Medco Energi Mining Internasional
- Coastal Gujarat Power Limited - India
- Renaissance Capital - South Africa
- South Luzon Thermal Energy Corporation
- Attock Cement Pakistan Limited
- Timah Investasi Mineral - Indoneisa
- Jindal Steel & Power Ltd - India
- Metalloyd Limited - United Kingdom
- Ministry of Finance - Indonesia
- Borneo Indobara - Indonesia
- Kaltim Prima Coal - Indonesia
- Orica Mining Services - Indonesia
- Mercator Lines Limited - India
- LBH Netherlands Bv - Netherlands
- Kumho Petrochemical, South Korea
- Indika Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Gujarat Sidhee Cement - India
- Riau Bara Harum - Indonesia
- Price Waterhouse Coopers - Russia
- Planning Commission, India
- AsiaOL BioFuels Corp., Philippines
- Singapore Mercantile Exchange
- Xindia Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Aditya Birla Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Sakthi Sugars Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- The State Trading Corporation of India Ltd
- Maheswari Brothers Coal Limited - India
- GMR Energy Limited - India
- Energy Link Ltd, New Zealand
- European Bulk Services B.V. - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Coalindo Energy - Indonesia
- Eastern Energy - Thailand
- Bhushan Steel Limited - India
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Iligan Light & Power Inc, Philippines
- Malabar Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Latin American Coal - Colombia
- Ind-Barath Power Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Oldendorff Carriers - Singapore
- Deloitte Consulting - India
- Globalindo Alam Lestari - Indonesia
- Chamber of Mines of South Africa
- GN Power Mariveles Coal Plant, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thai Mozambique Logistica
- Australian Coal Association
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- Kapuas Tunggal Persada - Indonesia
- Global Coal Blending Company Limited - Australia
- Global Business Power Corporation, Philippines
- Energy Development Corp, Philippines
- Tata Chemicals Ltd - India
- IHS Mccloskey Coal Group - USA
- Bhatia International Limited - India
- Goldman Sachs - Singapore
- Pendopo Energi Batubara - Indonesia
- Romanian Commodities Exchange
- Jaiprakash Power Ventures ltd
- Marubeni Corporation - India
- Star Paper Mills Limited - India
- Kartika Selabumi Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Larsen & Toubro Limited - India
- Minerals Council of Australia
- Kideco Jaya Agung - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Sojitz Corporation - Japan
- Kohat Cement Company Ltd. - Pakistan
- Essar Steel Hazira Ltd - India
- Edison Trading Spa - Italy
- Africa Commodities Group - South Africa
- Intertek Mineral Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Parliament of New Zealand
- India Bulls Power Limited - India
- Port Waratah Coal Services - Australia
- Bukit Makmur.PT - Indonesia
- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- Ambuja Cements Ltd - India
- Baramulti Group, Indonesia
- Karaikal Port Pvt Ltd - India
- New Zealand Coal & Carbon
- Mjunction Services Limited - India
- SMG Consultants - Indonesia
- PTC India Limited - India
- Jorong Barutama Greston.PT - Indonesia
- McConnell Dowell - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Petron Corporation, Philippines
- SMC Global Power, Philippines
- Toyota Tsusho Corporation, Japan
- Alfred C Toepfer International GmbH - Germany
- Videocon Industries ltd - India
- Altura Mining Limited, Indonesia
- Sree Jayajothi Cements Limited - India
- Sindya Power Generating Company Private Ltd
- The Treasury - Australian Government
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Barasentosa Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- CIMB Investment Bank - Malaysia
- Electricity Generating Authority of Thailand
- Interocean Group of Companies - India
- Directorate General of MIneral and Coal - Indonesia
- Orica Australia Pty. Ltd.
- Trasteel International SA, Italy
- Standard Chartered Bank - UAE
- Commonwealth Bank - Australia
- Madhucon Powers Ltd - India
- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
- Chettinad Cement Corporation Ltd - India
- Mintek Dendrill Indonesia
- Anglo American - United Kingdom
- Rio Tinto Coal - Australia
- Bharathi Cement Corporation - India
- London Commodity Brokers - England
- IEA Clean Coal Centre - UK
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Tamil Nadu electricity Board
- Miang Besar Coal Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Economic Council, Georgia
- Indian Energy Exchange, India
- Antam Resourcindo - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- MS Steel International - UAE
- Savvy Resources Ltd - HongKong
- VISA Power Limited - India
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