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Tuesday, 30 August 16
THE SUDDEN SURGE IN IRON ORE TRADE HAS CREPT UP ON THE MARKET THIS PAST WEEK - GEORGE LAZARIDIS
 The sudden surge in Iron ore trade has crept up on the market this past week bringing about a change in the prospects for Capes. Continued increases in China’s daily steel output, feeding the excessive production in steel products, along with the recent restocking by Chinese steel mills that has started to take shape over the past couple of weeks has allowed for a positive trend to develop on the demand side, said Allied in its latest weekly report.
According to Allied's weekly report, prices for Iron ore have been reflective of this with the upward trajectory noted during 2016 having been boosted significantly over the past couple of weeks, as prices brake above the US$ 60 a tonne mark. The last time this trend in price had been noted was back in April with the price of iron ore peaking at US$ 70.5 a tonne and the Baltic Capesize index reaching a high of 1,160 both on the 27th of April.
George Lazaridis, Head of Market Research & Asset Valuations of Allied further said in its report, at the same time, and given the recent trends in the supply side of the Capesize size segment, the balance in the market is in better shape then what it was in the first quarter of the year.
In 2016, up until the end of July, the capesize fleet has decreased by 5 vessels which is equivalent to 0.33% change in the trading fleet. This is by no means anything major as a figure, especially given the fact that the market has been battling an oversupply of tonnage issue for more than two years now. What’s more is that the order book still sits at around 12.5% of the current trading fleet. As such, the fear is that although a temporary halt in fleet growth has been reached, with only 94 vessels in the trading fleet which are over 20 years of age and an equal amount of newbuildings still scheduled for delivery within this year with a further 53 and 43 scheduled for delivery within 2017 and 2018 respectively, it seems as though it will be very hard to keep the supply side trends as they are now. As such keen eyes are set to some sort of balance being brought about by any improvements in demand.
Commenting on Seaborne thermal coal trade George Lazaridis says, there has been little positive signs to note from the coal trade this year, with India being the main country noting positive import growth in 2015 and 2016, while it is also looking to develop and rely more so in its internal production rather than from imports from any of the major coal producing countries. As such the burden that falls on the Iron ore trade is not only to fuel its own growth but to do it by such a margin that could help cover the excess demand slack being generated from the weaker coal trade. As such this is the major issue to be battled on the demand side.
China, which is the world’s largest importer of Iron ore and the largest consumer of steel products, has not been in the best state in terms of economic growth to be able to fuel the same percentage growth in the trade as it had done in the past. The recent re-emergence of its real estate property boom has played a positive role, however as its central government’s focus has shifted more so in propping the service side of its economy, fear is that we will struggle to see double digit growth figures in the future for industrial commodities such as iron ore.
For the moment China’s mammoth size and still improving economy (albeit at a slower pace) still generates a fair amount of demand. To what extent and how this will be able to generate a new freight rate boom in the Capesize sector is hard to see, he concluded in its report.
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Tuesday, 06 September 16
INDO GOVT. SETS SEPTEMBER COAL REFERENCE PRICE AT US$ 63.93 PER TON; JUMP 20.17% YTD
COALspot.com: The Indonesia coal benchmark price hits to its highest level since April 2015. The government declared benchmark prices f ...
Tuesday, 06 September 16
CAPESIZE: THE PACIFIC BASIN WAS THE MAIN REGION KEEPING UP WITH THE POSITIVE SUPPORT - ALLIED
Capesize
Despite some mixed feelings being seen early on in the week, we managed to see a positive week-on-week close on Friday with some positiv ...
Monday, 05 September 16
INDIA BECAME ADARO'S SECOND LARGEST MARKET IN 1H' 16
COALspot.com: The Wara Balangan blend product has been well received by customers in China and India - AI
In the second quarter of 2 ...
Monday, 05 September 16
POOR FREIGHT RATES DESPITE STRONG DEMAND GROWTH FROM CHINA - BIMCO
Demand
The dry bulk commodity imports into and exports out of China we have seen in the first half of 2016 are very positive – and nothing ...
Monday, 05 September 16
FREIGHT RATE FROM INDONESIA TO INDIA IS EXPECTED TO BE FLAT TO SOFT THIS WEEK
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose and ending in a positive note this past week except ...
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- Sarangani Energy Corporation, Philippines
- Bangladesh Power Developement Board
- VISA Power Limited - India
- Sindya Power Generating Company Private Ltd
- Aboitiz Power Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Romanian Commodities Exchange
- Oldendorff Carriers - Singapore
- Edison Trading Spa - Italy
- Tata Chemicals Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Bukit Makmur.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Attock Cement Pakistan Limited
- Global Green Power PLC Corporation, Philippines
- Bharathi Cement Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- The Treasury - Australian Government
- Ministry of Finance - Indonesia
- Samtan Co., Ltd - South Korea
- Medco Energi Mining Internasional
- Coalindo Energy - Indonesia
- Electricity Authority, New Zealand
- Ind-Barath Power Infra Limited - India
- Sojitz Corporation - Japan
- CIMB Investment Bank - Malaysia
- CNBM International Corporation - China
- Posco Energy - South Korea
- Karaikal Port Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Chettinad Cement Corporation Ltd - India
- Jaiprakash Power Ventures ltd
- Marubeni Corporation - India
- Petron Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meenaskhi Energy Private Limited - India
- Aditya Birla Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Africa Commodities Group - South Africa
- Holcim Trading Pte Ltd - Singapore
- PTC India Limited - India
- Jindal Steel & Power Ltd - India
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bhoruka Overseas - Indonesia
- Global Business Power Corporation, Philippines
- Parliament of New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thai Mozambique Logistica
- Bayan Resources Tbk. - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- ASAPP Information Group - India
- Xindia Steels Limited - India
- Indika Energy - Indonesia
- MS Steel International - UAE
- Kumho Petrochemical, South Korea
- Simpson Spence & Young - Indonesia
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- Kaltim Prima Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Meralco Power Generation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Anglo American - United Kingdom
- Therma Luzon, Inc, Philippines
- Orica Australia Pty. Ltd.
- Bukit Baiduri Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Coastal Gujarat Power Limited - India
- Ambuja Cements Ltd - India
- India Bulls Power Limited - India
- Barasentosa Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Georgia Ports Authority, United States
- Miang Besar Coal Terminal - Indonesia
- Interocean Group of Companies - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Agrawal Coal Company - India
- The University of Queensland
- Directorate Of Revenue Intelligence - India
- Heidelberg Cement - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Bhushan Steel Limited - India
- Indian Energy Exchange, India
- Goldman Sachs - Singapore
- Indo Tambangraya Megah - Indonesia
- SN Aboitiz Power Inc, Philippines
- Ministry of Mines - Canada
- Toyota Tsusho Corporation, Japan
- Riau Bara Harum - Indonesia
- Central Java Power - Indonesia
- Binh Thuan Hamico - Vietnam
- IEA Clean Coal Centre - UK
- Minerals Council of Australia
- Power Finance Corporation Ltd., India
- GVK Power & Infra Limited - India
- Kideco Jaya Agung - Indonesia
- PNOC Exploration Corporation - Philippines
- Trasteel International SA, Italy
- Malabar Cements Ltd - India
- Gujarat Sidhee Cement - India
- Vizag Seaport Private Limited - India
- Thiess Contractors Indonesia
- Salva Resources Pvt Ltd - India
- PowerSource Philippines DevCo
- Price Waterhouse Coopers - Russia
- AsiaOL BioFuels Corp., Philippines
- Metalloyd Limited - United Kingdom
- Energy Development Corp, Philippines
- ICICI Bank Limited - India
- Economic Council, Georgia
- Renaissance Capital - South Africa
- SMC Global Power, Philippines
- Wilmar Investment Holdings
- Madhucon Powers Ltd - India
- European Bulk Services B.V. - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rio Tinto Coal - Australia
- Energy Link Ltd, New Zealand
- GMR Energy Limited - India
- Straits Asia Resources Limited - Singapore
- Timah Investasi Mineral - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Sakthi Sugars Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Star Paper Mills Limited - India
- White Energy Company Limited
- Antam Resourcindo - Indonesia
- Eastern Energy - Thailand
- SMG Consultants - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Globalindo Alam Lestari - Indonesia
- Indonesian Coal Mining Association
- Latin American Coal - Colombia
- Merrill Lynch Commodities Europe
- Sical Logistics Limited - India
- Semirara Mining and Power Corporation, Philippines
- Mercator Lines Limited - India
- Savvy Resources Ltd - HongKong
- Gujarat Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Intertek Mineral Services - Indonesia
- Eastern Coal Council - USA
- Iligan Light & Power Inc, Philippines
- Borneo Indobara - Indonesia
- Orica Mining Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Baramulti Group, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- New Zealand Coal & Carbon
- Kobexindo Tractors - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Essar Steel Hazira Ltd - India
- Kepco SPC Power Corporation, Philippines
- Singapore Mercantile Exchange
- Planning Commission, India
- Ministry of Transport, Egypt
- Wood Mackenzie - Singapore
- Chamber of Mines of South Africa
- Manunggal Multi Energi - Indonesia
- Vedanta Resources Plc - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sree Jayajothi Cements Limited - India
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- TeaM Sual Corporation - Philippines
- Standard Chartered Bank - UAE
- Bulk Trading Sa - Switzerland
- Port Waratah Coal Services - Australia
- Leighton Contractors Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- South Luzon Thermal Energy Corporation
- Deloitte Consulting - India
- Australian Coal Association
- Tamil Nadu electricity Board
- Pendopo Energi Batubara - Indonesia
- Maheswari Brothers Coal Limited - India
- Global Coal Blending Company Limited - Australia
- Indian Oil Corporation Limited
- Videocon Industries ltd - India
- Semirara Mining Corp, Philippines
- Banpu Public Company Limited - Thailand
- Electricity Generating Authority of Thailand
- Bhatia International Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Commonwealth Bank - Australia
- Australian Commodity Traders Exchange
- Carbofer General Trading SA - India
- Parry Sugars Refinery, India
- Kartika Selabumi Mining - Indonesia
- Mercuria Energy - Indonesia
- Mjunction Services Limited - India
- Cigading International Bulk Terminal - Indonesia
- Indogreen Group - Indonesia
- Central Electricity Authority - India
- London Commodity Brokers - England
- Siam City Cement - Thailand
- Coal and Oil Company - UAE
- Mintek Dendrill Indonesia
- Cement Manufacturers Association - India
- The State Trading Corporation of India Ltd
- GAC Shipping (India) Pvt Ltd
- Grasim Industreis Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
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