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Thursday, 30 April 15
IRON ORE PLAYS EXPECTED TO SHAPE UP MAY DRY BULK SCHEDULE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 Market plays in the iron ore commodities’ markets, are expected to carve out the future demand for the shipping industry as well, said Allied Shipbroking in its latest weekly report. According to the report, “with chatter circulating the market that some of the major dry bulk commodities are set for a turnaround in fortunes after their most recent price rally, many traders have started to seem more bullish and hopeful that we may have finally bottomed. Yet is there really fire everywhere you see smoke. Things seem to be a touch more complicated and with the commodities markets being the demand driver for both wet and dry tonnage, it is interesting to see how deep these latest promises hold”.
As Mr. George Lazaridis, Head of Market Research & Asset Valuations with Allied Shipbroking noted, “the truth is that we have seen some of the biggest gains since 2012 in iron ore prices. The climb was more than 14 per cent over the past 2 weeks, marking a new month high of USD 53.8 per tonne according to the TSI price index. At the same time, as we have been reporting during the same time period, Rio Tinto and Fortescue have been heavily hitting the charter market with fresh inquiries, something that has notably pushed freight rates for Capes on the Australia/Far East routes considerably”.
He added that “things have pulled back slightly in terms of new voyage requirements, yet with the commodity price still looking to hold upward momentum it is not without reason that some keep a hopeful position of the prospects that the May program may hold. As for the reasoning for most of this, it seems that a combination of restocking by Chinese steel mills, coupled with expectations that its government will provide further support to spur economic growth, has encouraged most of these larger mining companies to take on their competition head on flooding the market with their cheaper prices produce in order to gain market share and lower their marginal costs”.
Meanwhile, “while all this has being going on during the past two weeks, another major mining company, namely BHP Billiton has announced its intention to defer a project that would increase capacity of its Australian mines to 290m tonnes a year by mid-2017. Along with this, caution must also still be kept as to how the market can fair in the likely sce-nario that China holds on to its slower economic growth trajectory, despite any efforts made through further fiscal easing, leaving a minimal demand growth for the market. The reality seems to be that Chinese demand will continue to wane in the near term, something that will carry on placing pressure on all major commodities. As such any renewed market demand must come from elsewhere, countries such as India, which for the moment do not seem to be up to the task of propping up global demand by the same amount”.
Lazaridis also mentioned that “through all this there are subtle silver linings to be found. For one, the deferral by BHP Billiton of extra investment spending could be part of an effort to squeeze its current marginal costs, as it has been ramping up production of its western Australian mines during the past couple of months. Let’s not forget that Rio Tinto had made a similar decision last year, which as is now seen, did little to deter it from ramping up its produc-tion volumes this year. At the same time and as the three major Australian miners as well as Brazil’s Vale, seem adamant in taking up further market share, this could likely translate into a good increase in tonne-mile demand, taking into account that most of the capacity they replace is likely to be closer to home or even internally within China. As such the main issue remains as to how much the capacity growth of the fleet can be restricted. If we can avoid a complete market collapse this year, investor appetite could eventually kick in, financing an actual rebound in the commodity markets”, he concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Monday, 15 June 15
API 5 FOB NEWCASTLE COAL SWAP: Q1'16 DELIVERY CLOSED 1.14% LOWER THAN Q4'15 DELIVERY PRICE
COALspot.com: API 5 FOB Newcastle Coal swap for Q3’ 2015 delivery up $ 1.10 per MT (2.47%) month over month to US$ 45.67 per mt. The swap ...
Monday, 15 June 15
CFR SOUTH CHINA COAL SWAP: ROSE M-O-M; DECLINED W-O-W
COALspot.com: API 8 CFR South China Coal swap for Q3’ 2015 delivery rose US$ 1.43 (2.82%) per MT month over month.
A commodity swap is a ...
Sunday, 14 June 15
THE FREIGHT MARKET FINISHED THE WEEK UP COMPARED TO LAST WEEK
COALspot.com: The freight market finished the week up compared to last week. All the segments except for Cape index were up. Cape segment was ...
Friday, 12 June 15
EXPECTATIONS IN REGARDS TO THE SUMMER SEASON VARY ACROSS THE MARKET - INTERMODAL
The Dry Bulk market closed off last slightly up last week, with the BDI re-gaining the 600 points level, while the driving force behind the increas ...
Friday, 12 June 15
U.S. PRODUCED 15.1 MMST OF COAL THIS PAST WEEK - EIA
COALspot.com – United States the second largest coal producer in the world has produced approximately totaled an estimated 15.1 million short ...
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- Coalindo Energy - Indonesia
- Electricity Authority, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Globalindo Alam Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Heidelberg Cement - Germany
- Maharashtra Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Miang Besar Coal Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- South Luzon Thermal Energy Corporation
- Malabar Cements Ltd - India
- Jaiprakash Power Ventures ltd
- Simpson Spence & Young - Indonesia
- Mercator Lines Limited - India
- Krishnapatnam Port Company Ltd. - India
- SN Aboitiz Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Baramulti Group, Indonesia
- Grasim Industreis Ltd - India
- Georgia Ports Authority, United States
- London Commodity Brokers - England
- Latin American Coal - Colombia
- GN Power Mariveles Coal Plant, Philippines
- Mjunction Services Limited - India
- CNBM International Corporation - China
- Thai Mozambique Logistica
- Bhushan Steel Limited - India
- Global Business Power Corporation, Philippines
- Eastern Energy - Thailand
- Straits Asia Resources Limited - Singapore
- Parliament of New Zealand
- Commonwealth Bank - Australia
- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
- Toyota Tsusho Corporation, Japan
- Thiess Contractors Indonesia
- OPG Power Generation Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Borneo Indobara - Indonesia
- Videocon Industries ltd - India
- Orica Australia Pty. Ltd.
- Jindal Steel & Power Ltd - India
- Dalmia Cement Bharat India
- The University of Queensland
- Marubeni Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Kalimantan Lumbung Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Tamil Nadu electricity Board
- Savvy Resources Ltd - HongKong
- Kohat Cement Company Ltd. - Pakistan
- Mercuria Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Lanco Infratech Ltd - India
- Mintek Dendrill Indonesia
- Meralco Power Generation, Philippines
- SMC Global Power, Philippines
- Coal and Oil Company - UAE
- Neyveli Lignite Corporation Ltd, - India
- GAC Shipping (India) Pvt Ltd
- Banpu Public Company Limited - Thailand
- Billiton Holdings Pty Ltd - Australia
- Posco Energy - South Korea
- Africa Commodities Group - South Africa
- Vedanta Resources Plc - India
- Indian Oil Corporation Limited
- Bayan Resources Tbk. - Indonesia
- MS Steel International - UAE
- Eastern Coal Council - USA
- Chamber of Mines of South Africa
- European Bulk Services B.V. - Netherlands
- Vizag Seaport Private Limited - India
- Aditya Birla Group - India
- Bhoruka Overseas - Indonesia
- Samtan Co., Ltd - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Independent Power Producers Association of India
- Ministry of Mines - Canada
- Global Green Power PLC Corporation, Philippines
- Rio Tinto Coal - Australia
- The State Trading Corporation of India Ltd
- Coastal Gujarat Power Limited - India
- Renaissance Capital - South Africa
- The Treasury - Australian Government
- Ambuja Cements Ltd - India
- Bangladesh Power Developement Board
- Kepco SPC Power Corporation, Philippines
- ASAPP Information Group - India
- Bahari Cakrawala Sebuku - Indonesia
- ICICI Bank Limited - India
- New Zealand Coal & Carbon
- Petrochimia International Co. Ltd.- Taiwan
- Power Finance Corporation Ltd., India
- Asmin Koalindo Tuhup - Indonesia
- GVK Power & Infra Limited - India
- Attock Cement Pakistan Limited
- Pendopo Energi Batubara - Indonesia
- Agrawal Coal Company - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- India Bulls Power Limited - India
- Orica Mining Services - Indonesia
- Anglo American - United Kingdom
- Energy Link Ltd, New Zealand
- Bukit Baiduri Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- IEA Clean Coal Centre - UK
- Uttam Galva Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Carbofer General Trading SA - India
- Standard Chartered Bank - UAE
- Larsen & Toubro Limited - India
- Sical Logistics Limited - India
- Binh Thuan Hamico - Vietnam
- Intertek Mineral Services - Indonesia
- McConnell Dowell - Australia
- Riau Bara Harum - Indonesia
- PTC India Limited - India
- Port Waratah Coal Services - Australia
- Sojitz Corporation - Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Central Electricity Authority - India
- Altura Mining Limited, Indonesia
- Indian Energy Exchange, India
- Karaikal Port Pvt Ltd - India
- GMR Energy Limited - India
- Semirara Mining Corp, Philippines
- Gujarat Sidhee Cement - India
- Directorate General of MIneral and Coal - Indonesia
- Kaltim Prima Coal - Indonesia
- Trasteel International SA, Italy
- Petron Corporation, Philippines
- Economic Council, Georgia
- PetroVietnam Power Coal Import and Supply Company
- Antam Resourcindo - Indonesia
- Formosa Plastics Group - Taiwan
- Edison Trading Spa - Italy
- Central Java Power - Indonesia
- Kumho Petrochemical, South Korea
- Ministry of Finance - Indonesia
- PNOC Exploration Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Indonesian Coal Mining Association
- Meenaskhi Energy Private Limited - India
- Singapore Mercantile Exchange
- Parry Sugars Refinery, India
- Sakthi Sugars Limited - India
- Kartika Selabumi Mining - Indonesia
- Wilmar Investment Holdings
- Timah Investasi Mineral - Indoneisa
- Cement Manufacturers Association - India
- Romanian Commodities Exchange
- Medco Energi Mining Internasional
- Deloitte Consulting - India
- Metalloyd Limited - United Kingdom
- Essar Steel Hazira Ltd - India
- Bukit Makmur.PT - Indonesia
- Xindia Steels Limited - India
- Wood Mackenzie - Singapore
- Manunggal Multi Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sarangani Energy Corporation, Philippines
- SMG Consultants - Indonesia
- Australian Coal Association
- Planning Commission, India
- Goldman Sachs - Singapore
- Bharathi Cement Corporation - India
- LBH Netherlands Bv - Netherlands
- White Energy Company Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Makarim & Taira - Indonesia
- Electricity Generating Authority of Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Aboitiz Power Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- TNB Fuel Sdn Bhd - Malaysia
- Indogreen Group - Indonesia
- Price Waterhouse Coopers - Russia
- Therma Luzon, Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Siam City Cement - Thailand
- Semirara Mining and Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Indika Energy - Indonesia
- Interocean Group of Companies - India
- Oldendorff Carriers - Singapore
- Siam City Cement PLC, Thailand
- Madhucon Powers Ltd - India
- PowerSource Philippines DevCo
- IHS Mccloskey Coal Group - USA
- Energy Development Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Bhatia International Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Minerals Council of Australia
- Star Paper Mills Limited - India
- Maheswari Brothers Coal Limited - India
- Ministry of Transport, Egypt
- AsiaOL BioFuels Corp., Philippines
- Australian Commodity Traders Exchange
- Tata Chemicals Ltd - India
- Indo Tambangraya Megah - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- VISA Power Limited - India
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