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jblivebetter 377 posts  |  Last Activity: 4 hours ago Member since: Dec 8, 2012
  • Brazil's iron ore exports fell 24.3% to US$1.91bn in August, from US$2.64bn in the same month last year, according to foreign trade department Secex.

    Iron ore shipments fell 4.9% to 28.3Mt from 31.2Mt in August last year. The average sale price decreased 20.3% to US$67.50/t from US$84.70/t, Secex reported.

    Sentiment: Strong Buy

  • Coal India August Output at 34.5 MT; Target Missed

    New Delhi: Coal India produced 34.54 million tonnes of coal in August, missing its target for the fourth consecutive month, even as acute fuel shortages continue to hit power generation.

    The target for the month was 35.13 million tonnes (MT).

    In the first five months of the current fiscal year (2014-15), Coal India produced 175.88 MT of coal against the target of 183.44 MT, the company said in a filing to the BSE.

    In May, the output was 36.27 MT against the target of 38.46 MT.

    The production was 34.54 MT in June (against the targeted 36.84 MT) and 33.01 MT in July against a targeted 35.86 MT.

    According to the latest data from the Central Electricity Authority (CEA), 56 power plants had less than seven days of coal stocks as on August 31.

    Coal and Power Minister Piyush Goyal had earlier asked Coal India to ramp up production from its existing mines.

    CIL, which accounts for 80 per cent of domestic coal production, missed its output target of 482 million tonnes for 2013-14, producing 462 million tonnes during the period.

    Production fell short of target because of various reasons, including lack of environment clearance to coal mining projects.

    In 2012-13, the company produced 452.5 million tonnes of coal, falling short of the 464 MT target.

    Coal India's production target for 2014-15 has been set at 507 MT.

    Sentiment: Strong Buy

  • (Reuters)Europe’s heightened concerns about energy security could provide an opportunity for U.S. coal companies, which have been hurt by declining domestic consumption, to step in and fill the gap as winter approaches. More than half of U.S. coal exports already reach Europe.

    "Export demand will certainly increase, with the situation in Russia and Ukraine having a big impact on Europe with respect to natural gas," said Ernie Cecilia, chief investment officer at Bryn Mawr Trust in Bryn Mawr, Pennsylvania.

    Sentiment: Strong Buy

  • (Reuters) - Half of India's thermal power stations have less than a week's supply of coal on hand, according to weekly data, the lowest level since mid-2012 when hundreds of millions of people were cut off in one of the world's worst blackouts.Indonesia expects to raise its shipments to India this year by 10 million tonnes to around 100 million, Bob Kamandanu, chairman of the Indonesian Coal Producers Association, told Reuters.Taken as a whole, India's thermal power generators have six days of supplies - far short of the 15-30 days set as an operating norm by the CEA.

    As well as being short on capacity, India's power network lacks the connectivity needed for areas suffering shortages to tap supplies from other regions.

    Sentiment: Strong Buy

  • Don't waste time on them.......

    Sentiment: Strong Buy

  • Reply to

    New wave of high BDI growth 4 days away..

    by jblivebetter Aug 22, 2014 2:59 PM
    jblivebetter jblivebetter Aug 29, 2014 2:23 PM Flag

    also new stronger wave is comming only 4 days away.........

    Sentiment: Strong Buy

  • jblivebetter jblivebetter Aug 29, 2014 1:30 AM Flag

    only 1 producer will import 7 millions tons of coal or 63 pecent more for this quartal..... what about whole India ..... this is the big news.....

    Story from Reuters
    google :
    Power producer NTPC expects coal import to jump 63 percent in FY2015

    Sentiment: Strong Buy

  • How? using more ships....... BDI will go even higher...
    India’s largest power producer, NTPC Ltd , will import about two-thirds more coal this fiscal year, its chairman said, as it looks to meet the country’s growing power needs amid an acute shortage of coal in a sector hamstrung by scandals.

    The state-run company’s total coal requirement for the financial year ending March 2015 is estimated at 177 million metric tonnes (MMT), up from 158.57 MMT in the last fiscal year, Chairman Arup Roy Choudhury told shareholders on Wednesday.

    The gap would largely be met by importing 17 MMT of coal, as against 10.39 MMT it imported in the previous fiscal, he said.

    The country’s top court on Monday ruled that allocations of over 200 coal blocks in India made since 1993 were arbitrary and illegal, stoking concerns that India may have to import vast amounts of coal to keep the lights on.

    India’s power producers are already reeling under major shortages of the fuel as state-run behemoth Coal India Ltd , the world’s largest coal miner, has failed to raise output fast enough.
    Source: Reuters (Reporting by Aman Shah in Mumbai; Editing by Anand Basu

    Sentiment: Strong Buy

  • In the first half of 2014, Chinese seaborne coal imports declined 0.4% y-o-y to 148mt, largely reflecting a 3.3% fall in imports of steam coal. Meanwhile, imports of lignite (a low-quality coal), which have risen strongly over the last few years, have remained a bright spot. In the first six months of the year, Chinese lignite imports increased by more than 20% y-o-y to 36mt.

    So there is evidence that China needs more shipping for coal, light coal or coal= more ships

    Sentiment: Strong Buy

  • Big demand from in India even before high court decision, if India high court confirm decision at 1/09 shipping rates will boom up......

    India may face blackouts as coal shortage cuts power output
    MUMBAI: A sharp fall in output at a large Indian power plant due to a coal shortage may lead to power cuts in some areas, underlining the challenge the new government faces in overhauling the sector and its creaking infrastructure.
    India, which uses coal to generate more than two-thirds of its electricity, is struggling to provide enough power to meet rising demand. The power sector has not been able to obtain sufficient domestic coal and has become reliant on costlier imports.

    for more google:India may face blackouts as coal shortage cuts power output

    Sentiment: Strong Buy

  • so we gonna see big tight shipping rates go rapidly up......
    China, India, Europe, Brazil, Australia, US gulf need more ships so we gonna se big rates for shipping ahead....

    Sentiment: Strong Buy

  • jblivebetter by jblivebetter Aug 28, 2014 10:39 AM Flag

    Coal stocks at China Major Bohai Sea Ports down 3.6pct on week
    Combined coal stocks at China’s four major Bohai Sea ports stood at 18.049 million tonnes in the week (Aug 18-24), down 3.6% or 672,000 tonnes from 18.721 million tonnes a week earlier.

    Respectively, coal stocks at Qinhuangdao Port dropped 0.3% or 20,000 tonnes to 5.6 million tonnes versus the preceding week; stocks at SDIC Caofeidian Port down 5.9% or 370,000 tonnes to 5.91 million tonnes; stocks at Jingtang Port declined 3.7% or 140,000 tonnes week on week to 3.66 million tonnes; and stocks at Tianjin Port reached 2.879 million tonnes, down 4.7% or 142,000 tonnes.

    There were 80 vessels queuing at Qinhuangdao Port; Jingtang Port had 18 vessels in the queue; SDIC Caofeidian Port had 12 vessels; Tianjin Port had 21 vessels.

    Source: SteelHome

    Sentiment: Strong Buy

  • jblivebetter by jblivebetter Aug 28, 2014 10:08 AM Flag

    The season started and will go to late 2020.....

    Sentiment: Strong Buy

  • jblivebetter jblivebetter Aug 28, 2014 10:07 AM Flag

    only 4 days to ruling

    Sentiment: Strong Buy

  • Reply to

    India to turn 'big importer' of iron ore in FY15

    by jblivebetter Aug 27, 2014 12:30 PM
    jblivebetter jblivebetter Aug 28, 2014 10:05 AM Flag

    not only iron but and coal, shipping at big plus

    Sentiment: Strong Buy

  • jblivebetter by jblivebetter Aug 28, 2014 8:54 AM Flag

    BDI +56 1119

    BCI (Cape index) BPI (Panamax index) BSI (Supramax index)
    INDEX 2551 +185 842 +31 963 +11
    SPOT TC AVG (USD) 17329 +1518 6707 +245 10068 +114

    Sentiment: Strong Buy

  • jblivebetter jblivebetter Aug 28, 2014 8:52 AM Flag

    Baltic Dry Index (BDI) +56 1119
    Rates
    BCI (Cape index) BPI (Panamax index) BSI (Supramax index)
    INDEX 2551 +185 842 +31 963 +11
    SPOT TC AVG (USD) 17329 +1518 6707 +245 10068 +114

    Sentiment: Strong Buy

  • jblivebetter jblivebetter Aug 27, 2014 12:35 PM Flag

    even rates of panamax goes to 40 000 usd we gonna see 20x price.........

    Sentiment: Strong Buy

  • After losing its status as the third largest exporter of iron ore a couple of years ago, India is likely to turn a 'big importer' of the key steel making raw material by end of this fiscal. The country is likely to import around 10 million tonnes of iron ore in FY 2014-15, more than three times of its previous record in 2012-13 when it imported 3.05 million tonnes.

    A combination of factors like unstable domestic production, hike in royalty rates and lower prices in the global market would contribute towards India increasing iron ore imports this year. Domestic production has been steadily declining from a high of 220 million tonnes in 2009-10 to less than 150 million tonnes in FY14.

    Companies like JSW Steel, Tata Steel, and Bhushan Steel are among those that would be importing iron ore or pellets this year. JSW Steel, which has already announced its plans of importing 6 million tonnes in FY15, is actively considering options to increase it further, at least two top officials of the company have confirmed.

    Tata Steel, which is facing difficulty in the production of iron ore at its captive mines, has already imported 1.5 million tonnes in the first four months of the current fiscal. It is likely to import more in the coming months. Bhushan Steel has till now imported pellets and is finding difficulty in sourcing iron ore in the domestic market.

    Sentiment: Strong Buy

  • jblivebetter jblivebetter Aug 27, 2014 10:15 AM Flag

    this is why drys will grow more than 10x than current price

    Sentiment: Strong Buy

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