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Tuesday, 05 October 21
CAPESIZE MARKET WAS IN A STEEP CLIMB FOR MOST OF THIS WEEK - BALTIC EXCHANGE
 Capesize
The Capesize market was in a steep climb for most of this week as it reached a pinnacle of $74,786 Wednesday before stalling, regathering, and then pushing on to $75,190 at weeks end. These heights were last visited in November 2009. The market is currently looking very robust on several fronts with vessel tightness on numerous loading windows across the globe, while an energy crisis in several countries add complications. This combination may provide further signal for rallies to come. With that said, the paper market seems less convinced as a steep fall to $50k levels for the Q4 period is pricing. Looking at the Pacific basin, the Transpacific C10 opened the week at $67,000 before surging to $82,854 on the back vessel tightness before charterers managed to pull it back slightly to close the week at $76,328. The Atlantic Basin showed less signs of abating as it hit a high to close the week at $84,750. The Fronthaul C9, a preference for many vessel owners now to close out Q4, was commanding a headline topping $105,650, rising +5950 on Friday alone. The market remains very buoyant with prices a little wild as traders move in big increments.
Panamax
The Panamax market proved to be a mixed picture this week, with the Atlantic shedding recent gains as the North of the region came under severe pressure. Conversely, the Asian basin witnessed some substantial gains with the NoPac trips proving to offer underlying support. Pressure was applied all week in the Atlantic as tonnage built up in the North. And, despite decent demand from the Black Sea, rates eased on both the transatlantic trips as well as the fronthaul. Asia proved to be mostly NoPac centric with solid levels of activity throughout. The highlight was $40,500 being agreed on an 82,000-dwt delivery Japan. However, the mean rate over the week returned circa $37,500 for 82,000-dwt types. The Australia to India coal runs continued to command decent premiums with $36,500 concluded a few times on 82,000-dwt vessels with China delivery. Period activity included a 76,000-dwt agreeing $29,000 for 9/12 months, basis China delivery.
Ultramax/Supramax
Whilst sentiment remained positive in most areas, brokers described a rather lethargic week overall as the upcoming holidays in China kept a lid on activity levels. The BSI made slight gains from the end of last week seeing a week on week gain of 24 points from last Friday’s close. Period activity remained. A 52,000-dwt open East Mediterranean fixing in the mid $30,000s for six to eight months trading redelivery Atlantic. From the South Atlantic, the upper $20,000s – plus upper $1 million ballast bonus for fronthaul runs to Asia and the Indian Ocean areas – were seen. Demand remained from the Mediterranean for inter Atlantic business. A 56,000-dwt open central Mediterranean fixing a trip to West Africa at $51,500. With the upcoming holidays, the Asian arena waned as the week came to an end. However, a 56,000-dwt fixing a trip from Indonesia to China at $43,000. Good levels were seen from the Indian Ocean, a 56,000-dwt open Chittagong fixing a trip via South Africa redelivery China at $35,000.
Handysize
The US Gulf made large positive strides this week, with a 38,000-dwt fixed for a trip from the US Gulf to the Continent/Mediterranean range at $28,000. A scrubber fitted 40,000-dwt was fixed from Tampico via Houston to North Brazil at $33,000 for a cargo of Petcoke. East Coast South America is a split market with the South Brazil and Argentina region seeing good returns with a 37,000-dwt fixing from Recalada to Peru-chile Range at $54,000. A 33,000-dwt open UK was fixed via the Continent to Brazil with Fertilizers at $36,000. Asia has been less active but a 33,000-dwt open Vietnam fixed two to three laden legs at $35,000 with worldwide redelivery. A 36,000-dwt open Philippines fixed via Australia to South East Asia with Alumina at $35,000. Period saw a 34,000-dwt logger open in Australia fixing for a period in the mid $30,000s plus a $450,000 ballast bonus.
Source: The Baltic Exchange
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Thursday, 04 November 21
FASTER DECARBONISATION: BACK TO BASICS FOR THE MINING INDUSTRY? - WOOD MACKENZIE
To the uninitiated, rugby is a technical and complicated game. As young schoolboys it was all a wee bit confusing and we invariably ended up on the ...
Wednesday, 03 November 21
CHINA TO LAUNCH NEW DATA MONITORING SYSTEM, TARGETING COAL MARKET SPECULATION, HOARDING - GLOBAL TIMES
China’s top economic planner announced on Sunday a new data system for supervising the implementation of medium- and long-term contracts of c ...
Wednesday, 03 November 21
CHINA’S STATE PLANNER SAYS COAL SUPPLY IMPROVING, PRICES STABILISING - REUTERS
China’s coal supply situation has seen significant improvement with joint efforts from coal producers, logistics and downstream users, while ...
Wednesday, 03 November 21
HIGHER COKING COAL PRICES TO PARE PROFITABILITY OF STEELMAKERS IN SECOND HALF OF FY22 - CRISIL RATINGS
The operating margin of primary steelmakers will reduce by a third to 24-26% in the second half of this fiscal versus the first half as input cost ...
Wednesday, 03 November 21
MARKET INSIGHT - INTERMODAL
November is here and soon the all time seasonal favorite “all I want or Christmas is you” by Mariah Carey will be played in radio stati ...
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- Savvy Resources Ltd - HongKong
- Tata Chemicals Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Vizag Seaport Private Limited - India
- Attock Cement Pakistan Limited
- Parry Sugars Refinery, India
- CIMB Investment Bank - Malaysia
- Electricity Generating Authority of Thailand
- Kaltim Prima Coal - Indonesia
- Altura Mining Limited, Indonesia
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Indian Energy Exchange, India
- Siam City Cement - Thailand
- Trasteel International SA, Italy
- Neyveli Lignite Corporation Ltd, - India
- Kartika Selabumi Mining - Indonesia
- Edison Trading Spa - Italy
- Goldman Sachs - Singapore
- Aditya Birla Group - India
- Uttam Galva Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Maheswari Brothers Coal Limited - India
- Antam Resourcindo - Indonesia
- Energy Link Ltd, New Zealand
- McConnell Dowell - Australia
- Banpu Public Company Limited - Thailand
- Ind-Barath Power Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercator Lines Limited - India
- Thai Mozambique Logistica
- Pipit Mutiara Jaya. PT, Indonesia
- International Coal Ventures Pvt Ltd - India
- SMG Consultants - Indonesia
- Global Business Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Straits Asia Resources Limited - Singapore
- PTC India Limited - India
- Binh Thuan Hamico - Vietnam
- Bhushan Steel Limited - India
- Essar Steel Hazira Ltd - India
- ICICI Bank Limited - India
- Bangladesh Power Developement Board
- Therma Luzon, Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Parliament of New Zealand
- Mjunction Services Limited - India
- Bhatia International Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tamil Nadu electricity Board
- Makarim & Taira - Indonesia
- Videocon Industries ltd - India
- Independent Power Producers Association of India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sojitz Corporation - Japan
- TeaM Sual Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
- Australian Coal Association
- New Zealand Coal & Carbon
- Carbofer General Trading SA - India
- Bahari Cakrawala Sebuku - Indonesia
- Africa Commodities Group - South Africa
- Kumho Petrochemical, South Korea
- Agrawal Coal Company - India
- Indogreen Group - Indonesia
- Global Coal Blending Company Limited - Australia
- Medco Energi Mining Internasional
- Thiess Contractors Indonesia
- Romanian Commodities Exchange
- Bulk Trading Sa - Switzerland
- Intertek Mineral Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Xindia Steels Limited - India
- Sakthi Sugars Limited - India
- Bharathi Cement Corporation - India
- Energy Development Corp, Philippines
- Oldendorff Carriers - Singapore
- MS Steel International - UAE
- Minerals Council of Australia
- Semirara Mining Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- London Commodity Brokers - England
- Kapuas Tunggal Persada - Indonesia
- SN Aboitiz Power Inc, Philippines
- Planning Commission, India
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- CNBM International Corporation - China
- Alfred C Toepfer International GmbH - Germany
- Global Green Power PLC Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Sree Jayajothi Cements Limited - India
- Gujarat Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Indo Tambangraya Megah - Indonesia
- Indian Oil Corporation Limited
- Directorate Of Revenue Intelligence - India
- Bukit Baiduri Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Larsen & Toubro Limited - India
- Billiton Holdings Pty Ltd - Australia
- Commonwealth Bank - Australia
- Kobexindo Tractors - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- European Bulk Services B.V. - Netherlands
- GVK Power & Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- India Bulls Power Limited - India
- Borneo Indobara - Indonesia
- VISA Power Limited - India
- Star Paper Mills Limited - India
- Indonesian Coal Mining Association
- Orica Australia Pty. Ltd.
- Barasentosa Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- Iligan Light & Power Inc, Philippines
- PowerSource Philippines DevCo
- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
- Mercuria Energy - Indonesia
- Wilmar Investment Holdings
- The State Trading Corporation of India Ltd
- Latin American Coal - Colombia
- Bukit Makmur.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Samtan Co., Ltd - South Korea
- IHS Mccloskey Coal Group - USA
- Central Java Power - Indonesia
- Interocean Group of Companies - India
- Mintek Dendrill Indonesia
- Price Waterhouse Coopers - Russia
- Heidelberg Cement - Germany
- Singapore Mercantile Exchange
- Ambuja Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- AsiaOL BioFuels Corp., Philippines
- Petron Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Siam City Cement PLC, Thailand
- Economic Council, Georgia
- Anglo American - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- White Energy Company Limited
- Port Waratah Coal Services - Australia
- Coal and Oil Company - UAE
- Globalindo Alam Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Power Finance Corporation Ltd., India
- GMR Energy Limited - India
- SMC Global Power, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Pendopo Energi Batubara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Semirara Mining and Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- Timah Investasi Mineral - Indoneisa
- Sindya Power Generating Company Private Ltd
- Simpson Spence & Young - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Chamber of Mines of South Africa
- Coalindo Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- Kideco Jaya Agung - Indonesia
- The Treasury - Australian Government
- Wood Mackenzie - Singapore
- Kepco SPC Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Vedanta Resources Plc - India
- Malabar Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Indika Energy - Indonesia
- Baramulti Group, Indonesia
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- OPG Power Generation Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- Cement Manufacturers Association - India
- Central Electricity Authority - India
- Meralco Power Generation, Philippines
- Jindal Steel & Power Ltd - India
- Karaikal Port Pvt Ltd - India
- Lanco Infratech Ltd - India
- Electricity Authority, New Zealand
- Renaissance Capital - South Africa
- Bhoruka Overseas - Indonesia
- Deloitte Consulting - India
- Ministry of Mines - Canada
- Grasim Industreis Ltd - India
- Eastern Coal Council - USA
- Formosa Plastics Group - Taiwan
- Posco Energy - South Korea
- Sical Logistics Limited - India
- Georgia Ports Authority, United States
- The University of Queensland
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