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Tuesday, 22 November 16
THE COMMODITIES MARKETS HAD SHOWED GREATER PROMISE SINCE THE SUMMER PERIOD - GEORGE LAZARIDIS
 We have all borne witness to the sluggish pace of trade growth witnessed during the course of the past 4 years as well as the even slower pace noted within to 2016. Given the glut in tonnage supply that has accumulated since 2011, the shipping industry has found it very difficult to find a stable foothold from where to keep itself in “normal operations” and with viable earnings, says George Lazaridis Head of Market Research of Allied Shipping.
George Lazaridis further said, what has made 2015 & 2016 so problematic is that the balance between demand and supply went further off course as trade growth almost came to an absolute halt. This growing concern had been in part expressed in the worries that were being voiced over the outcome of the U.S. elections, with many prominent economists and economic analyst in major organizations seeing a further deterioration of the situation as major countries around the world start to turn to more inward focused economic policies. Just one day after the results came out and we started to see a very different picture emerge in the markets, said George Lazaridis.
He further noted that the trade in most bulk commodities was instantly boosted, with freight rates in both the dry bulk and tanker markets for the majority of size groups shooting up considerably. At the same time, commodity prices were in for a major rally, with most prominent that of coal which even managed to peak at some point above US$ 100 per tonne. Things have quieted down considerably on all fronts since then and it looks as though we are heading towards some normality which is still at better levels than it was one month prior. Where did all this optimism come from however and does it have enough basis for it to match a more long-term trend?
George Lazaridis Head of Market Research & Asset Valuations of Allied Shipping further said this quick move seems to have been generated by a series of events that took place triggering a domino move that boosted things further and further, urging the speculators to further fuel the market. For one we had the basis of most of the pre-election talks by Mr. Trump that referred to a splurge of infrastructure spending in the U.S. during his presidency. Such a splurge would need to be adequately fed by bulk commodities such as steel, cement and other vital bulk commodities used in construction. As the market moved more bullish for these commodities and several traders went into stockpiling mode in order to be adequately stocked for the proposed boom in demand, the second wave of effects started to take hold.
According to George Lazaridis, a mass of investors had already started to flee out of several emerging markets (such as Mexico) and starting to head towards the commodities markets which had shows greater promise since the summer period. As they flocked they boosted prices ever further and with prices rising quick a surge was generated (essentially a mini bubble) as traders looked to move quick before prices got too hot. Similarly, traders in many economies which are heavy importers of these commodities where in an even bigger rush as the strengthening dollar amplified the price hike even more.
These price hikes in commodities, according to George Lazaridis, were to the main benefit of ship owners as the cost of freight became an ever more insignificant portion in the whole equation, taking second place to the speed with which a trader could book the cargo he was after.
This speculatively fueled rally has boosted the market significantly however it seems as though it has run its course for now. That’s not to say that an imminent collapse is now in sight. It looks as though trade might hold at much better levels for the remainder of the final quarter of 2016 than it did a year ago. As to how well it will cope in the first quarter however, is another story altogether,George Lazaridis concluded.
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Monday, 31 October 16
INDONESIAN 5000 GAR COAL ROSE 5.56% WEEK OVER WEEK - CS COAL INDEX
COALspot.com: The price for thermal coal has recovered substantially since April 2016. The China’s new policy on its domestic coal miners, th ...
Friday, 28 October 16
STEAM COAL IMPORTS: CHINA AND INDIA'S ROLE REVERSALS - BEN TRIMMEL
While a sharp decline in European imports is a key driver of the expected fall in steam coal trade this year, China and India remain leading actors ...
Friday, 28 October 16
U.S. WEEKLY COAL OUTPUT ROSE DURING THE WEEK ENDING OCTOBER 22 - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.5 million short ton ...
Thursday, 27 October 16
73.08 PERCENT OF COAL PRODUCERS PREDICTED INDIA WILL NOT STOP COAL IMPORTS IN 2 TO 3 YEARS - POLL
COALspot released its weekly opinion poll "How likely do you think India will STOP thermal coal imports in 2-3 years?" this Monday.
...
Thursday, 27 October 16
PANAMAX: FIRM ATLANTIC; TOPPISH PACIFIC - FEARNLEYS
Supramax
The trend from last week is passed on. ECSA still strong with Supras from N Brazil to Med fixed at $9,000 to $9,500 daily.
Accordin ...
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- Alfred C Toepfer International GmbH - Germany
- Mjunction Services Limited - India
- Indogreen Group - Indonesia
- Indian Oil Corporation Limited
- Heidelberg Cement - Germany
- Bhatia International Limited - India
- Holcim Trading Pte Ltd - Singapore
- Binh Thuan Hamico - Vietnam
- Pendopo Energi Batubara - Indonesia
- White Energy Company Limited
- Attock Cement Pakistan Limited
- Jorong Barutama Greston.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Essar Steel Hazira Ltd - India
- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Petron Corporation, Philippines
- Marubeni Corporation - India
- Timah Investasi Mineral - Indoneisa
- Makarim & Taira - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Eastern Energy - Thailand
- South Luzon Thermal Energy Corporation
- Indika Energy - Indonesia
- London Commodity Brokers - England
- Samtan Co., Ltd - South Korea
- Semirara Mining and Power Corporation, Philippines
- SMC Global Power, Philippines
- GVK Power & Infra Limited - India
- Therma Luzon, Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Petrochimia International Co. Ltd.- Taiwan
- ICICI Bank Limited - India
- Interocean Group of Companies - India
- Bhoruka Overseas - Indonesia
- IHS Mccloskey Coal Group - USA
- Krishnapatnam Port Company Ltd. - India
- Australian Coal Association
- The Treasury - Australian Government
- OPG Power Generation Pvt Ltd - India
- Baramulti Group, Indonesia
- International Coal Ventures Pvt Ltd - India
- Eastern Coal Council - USA
- IEA Clean Coal Centre - UK
- Videocon Industries ltd - India
- Ind-Barath Power Infra Limited - India
- Wood Mackenzie - Singapore
- Price Waterhouse Coopers - Russia
- Karaikal Port Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Madhucon Powers Ltd - India
- Africa Commodities Group - South Africa
- Siam City Cement - Thailand
- Antam Resourcindo - Indonesia
- Minerals Council of Australia
- Kartika Selabumi Mining - Indonesia
- Thiess Contractors Indonesia
- Sinarmas Energy and Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
- Neyveli Lignite Corporation Ltd, - India
- Coalindo Energy - Indonesia
- Vizag Seaport Private Limited - India
- Aboitiz Power Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Medco Energi Mining Internasional
- Borneo Indobara - Indonesia
- McConnell Dowell - Australia
- Bukit Makmur.PT - Indonesia
- Lanco Infratech Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Larsen & Toubro Limited - India
- Energy Development Corp, Philippines
- Electricity Generating Authority of Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Kumho Petrochemical, South Korea
- Global Green Power PLC Corporation, Philippines
- Commonwealth Bank - Australia
- VISA Power Limited - India
- Tamil Nadu electricity Board
- Formosa Plastics Group - Taiwan
- Savvy Resources Ltd - HongKong
- Karbindo Abesyapradhi - Indoneisa
- TeaM Sual Corporation - Philippines
- Dalmia Cement Bharat India
- TNB Fuel Sdn Bhd - Malaysia
- Romanian Commodities Exchange
- Straits Asia Resources Limited - Singapore
- Star Paper Mills Limited - India
- Intertek Mineral Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- New Zealand Coal & Carbon
- Indian Energy Exchange, India
- Asmin Koalindo Tuhup - Indonesia
- PNOC Exploration Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Uttam Galva Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The State Trading Corporation of India Ltd
- Maharashtra Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Siam City Cement PLC, Thailand
- Mercator Lines Limited - India
- Central Electricity Authority - India
- Meralco Power Generation, Philippines
- PTC India Limited - India
- Coal and Oil Company - UAE
- The University of Queensland
- Banpu Public Company Limited - Thailand
- Renaissance Capital - South Africa
- CIMB Investment Bank - Malaysia
- Coastal Gujarat Power Limited - India
- Bangladesh Power Developement Board
- European Bulk Services B.V. - Netherlands
- Iligan Light & Power Inc, Philippines
- ASAPP Information Group - India
- Simpson Spence & Young - Indonesia
- Wilmar Investment Holdings
- Standard Chartered Bank - UAE
- Bharathi Cement Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Parliament of New Zealand
- Barasentosa Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Sakthi Sugars Limited - India
- Parry Sugars Refinery, India
- Kapuas Tunggal Persada - Indonesia
- Economic Council, Georgia
- Mercuria Energy - Indonesia
- PowerSource Philippines DevCo
- Malabar Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Ministry of Finance - Indonesia
- Globalindo Alam Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Sical Logistics Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Billiton Holdings Pty Ltd - Australia
- Anglo American - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Merrill Lynch Commodities Europe
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhushan Steel Limited - India
- Metalloyd Limited - United Kingdom
- Energy Link Ltd, New Zealand
- Tata Chemicals Ltd - India
- SN Aboitiz Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Australian Commodity Traders Exchange
- Cement Manufacturers Association - India
- Bahari Cakrawala Sebuku - Indonesia
- Meenaskhi Energy Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Georgia Ports Authority, United States
- India Bulls Power Limited - India
- Independent Power Producers Association of India
- Orica Mining Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Ambuja Cements Ltd - India
- Orica Australia Pty. Ltd.
- GN Power Mariveles Coal Plant, Philippines
- Thai Mozambique Logistica
- Sindya Power Generating Company Private Ltd
- Riau Bara Harum - Indonesia
- Goldman Sachs - Singapore
- Carbofer General Trading SA - India
- Kideco Jaya Agung - Indonesia
- Edison Trading Spa - Italy
- Deloitte Consulting - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate Of Revenue Intelligence - India
- Jaiprakash Power Ventures ltd
- Jindal Steel & Power Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Latin American Coal - Colombia
- Sree Jayajothi Cements Limited - India
- Singapore Mercantile Exchange
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Authority, New Zealand
- Chamber of Mines of South Africa
- Planning Commission, India
- Sojitz Corporation - Japan
- Central Java Power - Indonesia
- Aditya Birla Group - India
- MS Steel International - UAE
- Kepco SPC Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Trasteel International SA, Italy
- Maheswari Brothers Coal Limited - India
- Xindia Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Indonesian Coal Mining Association
- Ministry of Transport, Egypt
- SMG Consultants - Indonesia
- Port Waratah Coal Services - Australia
- Vedanta Resources Plc - India
- Agrawal Coal Company - India
- CNBM International Corporation - China
- Sarangani Energy Corporation, Philippines
- Grasim Industreis Ltd - India
- GMR Energy Limited - India
- Manunggal Multi Energi - Indonesia
- Ministry of Mines - Canada
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