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Commodity Pulse video

The bittersweet 2016: What to expect in the dry bulk Supramax market?

February 12, 2016 (16:53)

The Atlantic dry bulk Supramax market is in big trouble. The freight rates are bottoming, demand on conventional trade routes is failing and the oversupply of tonnage remains a challenge. What is the outlook for the market in 2016?


News Headlines

London (Platts)--12 Feb 2016 903 am EST/1403 GMT
South Africa's Competition Commission has recommended the Competition Tribunal approve Tegeta Exploration & Resources' acquisition of Glencore's Optimum Holdings, including the Optimum coal mine, the Optimum coal terminal and the Koornfontein mines, for Rand 2.15 billion ($136 million) provided no employees are retrenched as a result.
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Podcasts

December 15, 2015
A new free trade agreement will see China's import tariff on certain types of Australian coal reduced in three tranches from December 20.
October 27, 2015
Key thermal coal producers in China stunned market participants with sizeable price cuts this month. When does the market expect a recovery for seaborne cargoes?
September 25, 2015
Extreme low demand is pulling down petcoke prices worldwide, with US refineries struggling to unload the product and buyers in India and Turkey turning to coal instead of choosing petcoke.
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News & Data Feature:China's coal industry

October 06, 2015
The October-December trading period after China's Golden Week holidays is a crucial time of year for thermal coal shippers and traders.
Also in this feature
China's coal consumption statistics
Another issue for industry participants trying to judge the direction of the Chinese market for thermal coal is the reliability of statistics on the performance of China's coal industry. The US Energy Information Administration, a government agency, flagged in a September 16 report an intriguing decision by Beijing to radically restate its statistics for China's coal consumption between the years 2000 and 2013.


Price Focus

India's 21 major ports imported around 19.38 million mt of coal in, down 7.3% from November, data released late Friday by IndianInterocean showed. The December imports included 15.22 million mt of thermal coal, down 9.6%November, and 4.16 million mt of coking coal, up 2.6% compared to the previous month.




The Barrel Blog

January 28, 2016
From her office window, Sui Ling Phang sees dry bulk vessels sitting pretty in the Singapore strait. All have one common enemy -- unemployment.
January 20, 2016
At the very least, the announcement was seen as a shot across the bow of coal production in the US.
December 11, 2015
At the Coal Trading Association’s annual conference New York City, both the bulls and bears were on display, although sentiment leaned more heavily toward the latter.
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Coal methodology

Published on September 2014

This statement of methodology includes detailed information on the formation of Platts coal assessments and the specifications for the various products assessed.






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