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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, 23 August 16
4200 GAR COAL INDEX CLIMB 15.96% YEAR TO DATE - CS COAL INDEX
COALspot.com: Average 4200 GAR coal index of Indonesian origin rose 1.65 % week over week to averaging $31.46 per ton this past week, shows CS (i) ...
Tuesday, 23 August 16
KOMIPO TO IMPORT 250K OF 5,700 KCAL/KG NAR COAL FOR Q4' 16
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a new tender for total 250,000 Metric Tons of Bituminous Coal for ...
Monday, 22 August 16
INDONESIA'S CS 5000 GAR THERMAL COAL INDEX, ROSE TO A 57-WEEKS HIGH TO TOP $43.47 A TON
COALspot.com: Indonesia’s CS 5000 GAR thermal coal index, rose to a 57-weeks high to top $US43. 47 a ton in the latest week, extending a 18-w ...
Monday, 22 August 16
THE FREIGHT MARKET WAS STEADY THIS PAST WEEK; CAPE INDEX DECLINE 5.38%
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose and ending in a positive note this past week except ...
Friday, 19 August 16
U.S. YEAR-TO-DATE COAL PRODUCTION TOTALLED AN ESTIMATED 421.6 MMST
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.8 million short ton ...
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Showing 2311 to 2315 news of total 6871 |
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- Ministry of Finance - Indonesia
- Pendopo Energi Batubara - Indonesia
- Tamil Nadu electricity Board
- Commonwealth Bank - Australia
- Wood Mackenzie - Singapore
- Goldman Sachs - Singapore
- Malabar Cements Ltd - India
- Vedanta Resources Plc - India
- IEA Clean Coal Centre - UK
- PNOC Exploration Corporation - Philippines
- Power Finance Corporation Ltd., India
- Standard Chartered Bank - UAE
- Kohat Cement Company Ltd. - Pakistan
- Eastern Energy - Thailand
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- Sarangani Energy Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Merrill Lynch Commodities Europe
- Energy Development Corp, Philippines
- Eastern Coal Council - USA
- Holcim Trading Pte Ltd - Singapore
- Georgia Ports Authority, United States
- Medco Energi Mining Internasional
- Maheswari Brothers Coal Limited - India
- The State Trading Corporation of India Ltd
- Madhucon Powers Ltd - India
- Anglo American - United Kingdom
- Ministry of Mines - Canada
- Aboitiz Power Corporation - Philippines
- Electricity Generating Authority of Thailand
- Energy Link Ltd, New Zealand
- International Coal Ventures Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Barasentosa Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Borneo Indobara - Indonesia
- Renaissance Capital - South Africa
- Directorate Of Revenue Intelligence - India
- Thiess Contractors Indonesia
- Antam Resourcindo - Indonesia
- Africa Commodities Group - South Africa
- McConnell Dowell - Australia
- Manunggal Multi Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Orica Mining Services - Indonesia
- Australian Coal Association
- Formosa Plastics Group - Taiwan
- Mercuria Energy - Indonesia
- Indian Energy Exchange, India
- Jorong Barutama Greston.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Star Paper Mills Limited - India
- SN Aboitiz Power Inc, Philippines
- Central Java Power - Indonesia
- Australian Commodity Traders Exchange
- Makarim & Taira - Indonesia
- Bukit Makmur.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Interocean Group of Companies - India
- Sojitz Corporation - Japan
- Global Green Power PLC Corporation, Philippines
- Gujarat Sidhee Cement - India
- Petron Corporation, Philippines
- Economic Council, Georgia
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Indika Energy - Indonesia
- ICICI Bank Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Bhushan Steel Limited - India
- San Jose City I Power Corp, Philippines
- Trasteel International SA, Italy
- Rashtriya Ispat Nigam Limited - India
- Sical Logistics Limited - India
- Larsen & Toubro Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Indogreen Group - Indonesia
- Metalloyd Limited - United Kingdom
- The Treasury - Australian Government
- Carbofer General Trading SA - India
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Banpu Public Company Limited - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chettinad Cement Corporation Ltd - India
- Lanco Infratech Ltd - India
- CNBM International Corporation - China
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ASAPP Information Group - India
- IHS Mccloskey Coal Group - USA
- Billiton Holdings Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Posco Energy - South Korea
- PowerSource Philippines DevCo
- Minerals Council of Australia
- SMG Consultants - Indonesia
- Kumho Petrochemical, South Korea
- Deloitte Consulting - India
- Kepco SPC Power Corporation, Philippines
- Electricity Authority, New Zealand
- Vizag Seaport Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- VISA Power Limited - India
- Indian Oil Corporation Limited
- Sakthi Sugars Limited - India
- LBH Netherlands Bv - Netherlands
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- Mintek Dendrill Indonesia
- MS Steel International - UAE
- Kaltim Prima Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Central Electricity Authority - India
- Miang Besar Coal Terminal - Indonesia
- Planning Commission, India
- Marubeni Corporation - India
- Ind-Barath Power Infra Limited - India
- Siam City Cement PLC, Thailand
- Indo Tambangraya Megah - Indonesia
- Heidelberg Cement - Germany
- GVK Power & Infra Limited - India
- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- Orica Australia Pty. Ltd.
- Ambuja Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Sree Jayajothi Cements Limited - India
- Rio Tinto Coal - Australia
- Leighton Contractors Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- TNB Fuel Sdn Bhd - Malaysia
- Bulk Trading Sa - Switzerland
- Ceylon Electricity Board - Sri Lanka
- Tata Chemicals Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- White Energy Company Limited
- London Commodity Brokers - England
- Mjunction Services Limited - India
- Salva Resources Pvt Ltd - India
- Thai Mozambique Logistica
- Latin American Coal - Colombia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dalmia Cement Bharat India
- Mercator Lines Limited - India
- Kapuas Tunggal Persada - Indonesia
- Videocon Industries ltd - India
- Simpson Spence & Young - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Aditya Birla Group - India
- Sindya Power Generating Company Private Ltd
- Maharashtra Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Global Business Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Oldendorff Carriers - Singapore
- Wilmar Investment Holdings
- Savvy Resources Ltd - HongKong
- India Bulls Power Limited - India
- Xindia Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Coal and Oil Company - UAE
- Grasim Industreis Ltd - India
- Uttam Galva Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Baramulti Group, Indonesia
- Bangladesh Power Developement Board
- Coalindo Energy - Indonesia
- GMR Energy Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parliament of New Zealand
- Cigading International Bulk Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Altura Mining Limited, Indonesia
- GAC Shipping (India) Pvt Ltd
- Jindal Steel & Power Ltd - India
- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
- Agrawal Coal Company - India
- CIMB Investment Bank - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Parry Sugars Refinery, India
- Chamber of Mines of South Africa
- European Bulk Services B.V. - Netherlands
- Semirara Mining Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Romanian Commodities Exchange
- Indonesian Coal Mining Association
- Bharathi Cement Corporation - India
- New Zealand Coal & Carbon
- Cement Manufacturers Association - India
- SMC Global Power, Philippines
- Ministry of Transport, Egypt
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- The University of Queensland
- Independent Power Producers Association of India
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Samtan Co., Ltd - South Korea
- Edison Trading Spa - Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- PTC India Limited - India
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