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Wednesday, 04 May 16
IS THE DRY BULK MARKET OUT OF THE WOODS YET, OR NOT? - HELLENIC SHIPPING NEWS
 Things are beginning to brighten up in the beleaguered dry bulk market, which is riding on a multi-week rally to find itself around the “psychological” level of 700 points (Baltic Dry Index), which is a six-month high. However, analysts and shipbrokers alike are keeping both feet on the ground, as things are still more than fragile and could turn around in a heartbeat. According to a recent report from shipbroker Intermodal, “the commodities markets have been moving like crazy during this time, with the bear rally having pushed prices for iron ore to more than 15-month highs (the recent peak reached $70 a tonne, marking it for now the best price performing commodity for 2016”.
Intermodal noted that “all this market boost seems to be the child born from the combination of several market effects mainly resonating from within China. The increased availability of credit from the huge amount of cash injected by Chinese policymakers into its banking system earlier this year, the restocking undertaken ahead of the summer construction period, tighter supplies recently noted after a string of closures last year, supply disruptions in Australia and Brazil and finally a more bullish appetite for steel in China following an improvement in steel-intensive construction and infrastructure projects and a better than expected GDP figure for the first quarter of 2016. This has been enough to feed speculation from China and drive a more then 80% increase in price from its low back in December of 2015”
According to George Lazaridis, Head of Market Research & Asset Valuations with Intermodal, “all this has in turn has fed a stimulus to the iron ore futures contract and has been thoroughly noted in the advancements in seaborne trade shipments. Yet as good as all this may sound, alarm bells have been ringing. The recent rally is still being held on a very shaky foundation, while recent public comments from most of the major iron ore producers have been mentioning the expectation of a significant inflow of cheaply sourced supplies which are due to come online this year. Further to this and with the price of iron ore having now reached this new peak, mines based within China (which had been driven out of market from the previous drop in prices) will be able to come online even partially, as such bringing a temporary halt in seaborne imports. Furthermore, it is important to also note that it is still too early to tell the long-term viability of the recent stimulus package brought on by the policymakers and how well it will be a steady support on the market and provide real support for a true market recovery”.
Lazaridis added that “nevertheless and after having mentioned all the cautions that needed to be addressed, the news are fairly positive. From the perspective of the shipping industry it is the boost in demand that plays the more significant role, with the recent rally in prices, although reflecting the market improvement in demand, leaving risks down the line if these prices were to prevail for too long. Cheaply sourced supplies could further boost demand while allowing to keep the competitive edge on supplies sourced from far locations such as Australia and Brazil. Therefore the focus is on the consumption boost from within China, which if it lasts and keeps on course, could be the sign of a true market recovery in sight”.
He concluded his analysis by noting that “taking away from the recent rise in demand the percentage that is due to the high seasonal restocking does make for a more moderate rise while it leaves a sense of an upcoming drop once the focus shifts from restocking to destocking. For the moment however, things look positive and given the Herculean efforts made on the side of ship owners to keep the supply of Capes capped, we might be set for an earlier recovery then what one would have thought of back in January. What is important is that we don’t lose our sight off the ball, and keep efforts to a max in order to bring about this change in markets sooner rather than later”.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Tuesday, 17 May 16
INDONESIAN COAL PRICE REFERENCE DECLINE AGAIN
COALspot.com: The Indonesia Coal Benchmark Price declined in May 2016.
The Director General of Mineral and Coal of Indonesia, the regulator of ...
Tuesday, 17 May 16
CHINA THERMAL-POWER OVERSUPPLY TO WORSEN - FITCH
COALspot.com: The overcapacity in thermal-power generation in China is likely to worsen in 2016 to 2017, Fitch Ratings says in a new report.
F ...
Tuesday, 17 May 16
ON YOUR MARKS: TRACKING CHINESE TRADE - CLARKSONS
One of the major drivers behind the challenges currently facing many of the shipping markets has been slower demand growth. World seaborne trade gr ...
Monday, 16 May 16
INDONESIAN WEEKLY COAL INDICES AT POSITIVE LEVELS - CS (I) COAL INDEX
COALspot.com: Average 5000 GAR coal index of Indonesian origin up 0.31 percent week over week to averaging $38.94 per ton this past week, shows CS ...
Monday, 16 May 16
OPEC SEES RIVAL OIL PRODUCTION DECLINING
Crude Oil Price Movements
The OPEC Reference Basket averaged $37.86/b in April, a gain of $3.21 or 9.3%. This was 40% higher than the lows reache ...
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Showing 2431 to 2435 news of total 6871 |
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- Global Green Power PLC Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Karaikal Port Pvt Ltd - India
- Sical Logistics Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- VISA Power Limited - India
- Ministry of Transport, Egypt
- Indo Tambangraya Megah - Indonesia
- Pendopo Energi Batubara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Mintek Dendrill Indonesia
- Kapuas Tunggal Persada - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Mineral Development Corp Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Georgia Ports Authority, United States
- Vedanta Resources Plc - India
- Latin American Coal - Colombia
- Manunggal Multi Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Power Finance Corporation Ltd., India
- Straits Asia Resources Limited - Singapore
- Samtan Co., Ltd - South Korea
- Antam Resourcindo - Indonesia
- Lanco Infratech Ltd - India
- GMR Energy Limited - India
- MS Steel International - UAE
- Australian Commodity Traders Exchange
- Mjunction Services Limited - India
- Bhoruka Overseas - Indonesia
- Globalindo Alam Lestari - Indonesia
- Economic Council, Georgia
- Jorong Barutama Greston.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Coal Association
- SMC Global Power, Philippines
- Marubeni Corporation - India
- Energy Link Ltd, New Zealand
- PTC India Limited - India
- Dalmia Cement Bharat India
- PetroVietnam Power Coal Import and Supply Company
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Indonesian Coal Mining Association
- Standard Chartered Bank - UAE
- Coastal Gujarat Power Limited - India
- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- The Treasury - Australian Government
- New Zealand Coal & Carbon
- Larsen & Toubro Limited - India
- Sinarmas Energy and Mining - Indonesia
- PowerSource Philippines DevCo
- CIMB Investment Bank - Malaysia
- Therma Luzon, Inc, Philippines
- Riau Bara Harum - Indonesia
- Grasim Industreis Ltd - India
- Indika Energy - Indonesia
- Tamil Nadu electricity Board
- Simpson Spence & Young - Indonesia
- Cement Manufacturers Association - India
- Attock Cement Pakistan Limited
- Electricity Authority, New Zealand
- Jindal Steel & Power Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining and Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- India Bulls Power Limited - India
- Xindia Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- London Commodity Brokers - England
- Toyota Tsusho Corporation, Japan
- Savvy Resources Ltd - HongKong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bharathi Cement Corporation - India
- Indian Energy Exchange, India
- Gujarat Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jaiprakash Power Ventures ltd
- Makarim & Taira - Indonesia
- IHS Mccloskey Coal Group - USA
- Medco Energi Mining Internasional
- The University of Queensland
- AsiaOL BioFuels Corp., Philippines
- Eastern Energy - Thailand
- Central Java Power - Indonesia
- Anglo American - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Carbofer General Trading SA - India
- Bhushan Steel Limited - India
- Bhatia International Limited - India
- Formosa Plastics Group - Taiwan
- Kumho Petrochemical, South Korea
- Timah Investasi Mineral - Indoneisa
- Aboitiz Power Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Eastern Coal Council - USA
- Minerals Council of Australia
- Banpu Public Company Limited - Thailand
- Malabar Cements Ltd - India
- Thiess Contractors Indonesia
- SMG Consultants - Indonesia
- Port Waratah Coal Services - Australia
- Essar Steel Hazira Ltd - India
- Borneo Indobara - Indonesia
- Metalloyd Limited - United Kingdom
- Binh Thuan Hamico - Vietnam
- Parliament of New Zealand
- Chettinad Cement Corporation Ltd - India
- Parry Sugars Refinery, India
- Krishnapatnam Port Company Ltd. - India
- Oldendorff Carriers - Singapore
- Gujarat Sidhee Cement - India
- Sojitz Corporation - Japan
- Bukit Makmur.PT - Indonesia
- Uttam Galva Steels Limited - India
- Star Paper Mills Limited - India
- Billiton Holdings Pty Ltd - Australia
- Thai Mozambique Logistica
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- Vizag Seaport Private Limited - India
- Tata Chemicals Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Electricity Generating Authority of Thailand
- Sarangani Energy Corporation, Philippines
- Renaissance Capital - South Africa
- Aditya Birla Group - India
- Edison Trading Spa - Italy
- Meralco Power Generation, Philippines
- Mercator Lines Limited - India
- White Energy Company Limited
- McConnell Dowell - Australia
- Energy Development Corp, Philippines
- GVK Power & Infra Limited - India
- Agrawal Coal Company - India
- GN Power Mariveles Coal Plant, Philippines
- Rio Tinto Coal - Australia
- GAC Shipping (India) Pvt Ltd
- Chamber of Mines of South Africa
- The State Trading Corporation of India Ltd
- Orica Australia Pty. Ltd.
- Intertek Mineral Services - Indonesia
- Sree Jayajothi Cements Limited - India
- Wood Mackenzie - Singapore
- Ind-Barath Power Infra Limited - India
- South Luzon Thermal Energy Corporation
- Bukit Asam (Persero) Tbk - Indonesia
- Baramulti Group, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Planning Commission, India
- Pipit Mutiara Jaya. PT, Indonesia
- Indogreen Group - Indonesia
- International Coal Ventures Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Cigading International Bulk Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Bangladesh Power Developement Board
- Sindya Power Generating Company Private Ltd
- Kobexindo Tractors - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Coal and Oil Company - UAE
- Goldman Sachs - Singapore
- Central Electricity Authority - India
- Maheswari Brothers Coal Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Bukit Baiduri Energy - Indonesia
- Indian Oil Corporation Limited
- TNB Fuel Sdn Bhd - Malaysia
- CNBM International Corporation - China
- Vijayanagar Sugar Pvt Ltd - India
- Trasteel International SA, Italy
- Romanian Commodities Exchange
- PNOC Exploration Corporation - Philippines
- Singapore Mercantile Exchange
- Karbindo Abesyapradhi - Indoneisa
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- Madhucon Powers Ltd - India
- Interocean Group of Companies - India
- Holcim Trading Pte Ltd - Singapore
- Africa Commodities Group - South Africa
- European Bulk Services B.V. - Netherlands
- ICICI Bank Limited - India
- Semirara Mining Corp, Philippines
- Commonwealth Bank - Australia
- Merrill Lynch Commodities Europe
- Heidelberg Cement - Germany
- Altura Mining Limited, Indonesia
- Ministry of Mines - Canada
- Posco Energy - South Korea
- Price Waterhouse Coopers - Russia
- Siam City Cement PLC, Thailand
- ASAPP Information Group - India
- Siam City Cement - Thailand
- San Jose City I Power Corp, Philippines
- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
- Coalindo Energy - Indonesia
- Deloitte Consulting - India
- LBH Netherlands Bv - Netherlands
- Bulk Trading Sa - Switzerland
- Sakthi Sugars Limited - India
- Meenaskhi Energy Private Limited - India
- Independent Power Producers Association of India
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