Contact Us
Position:Home > Solution & Faq >

Thermal coal Panamax freight falls as market awaits cargoes

2014-04-27 22:44 View:

Chemical News

Thermal coal Panamax freight falls as market awaits cargoes   Apr 25,2014 Platts The thermal coal Panamax freight market on Thursday lost some of the last week's bullishness as firm cargoes eluded the market, sources said Thursday.

The coal freight market from Indonesia to India was quiet, market sources said, with freight rate indications slipping slightly on more bearish sentiment.

"It looks weak today," one broker said. "There are not many Panamax cargoes from Indonesia to India."

The Panamax coal freight rate from Banjamarsin port on Indonesia's South Kalimantan to Mundra port on west coast India was assessed at $9.25/mt, down 25 cents from Wednesday. The route from Banjarmasin to Paradip was assessed at $8.25/mt, also falling 25 cents from Wednesday.

"If you're looking at early May, you can get something a little cheaper than $8.50/mt [to east coast India]," one charterer said.

He added that that market players are "more optimistic about forward dates." People are saying things can't go down further, but there isn't anything in the physical market at the moment to support that," he said.

Supramax rates from Indonesia to India were also seen falling slightly, with one broker source seeing a Supramax cargo being discussed at around $11.50/mt, basis Paradip, while another was aiming for $10/mt from Samarinda to Paradip.

Rates on coal cargoes shipped on Panamaxes from the Richards Bay coal terminal in South Africa to India held steady Thursday.

Platts assessed the Richards Bay to Mundra port coal Panamax freight route at $14.25/mt and $15/mt to Paradip, both unchanged from the previous day.

A Libra cargo was heard fixed from Richards Bay to India's Dahej port at $14/mt for mid-May dates.

"Tonnage is still very long opening up spot in the Pacific," a charterer-owner said of Panamax coal freight rates in general. "Some change needs [to happen] on the demand side. We are just waiting for more cargoes and demand to pick up."

   |      |    

Bio-magnetic beads, Sulfydryl modified
Huitong TM Samples mixed instrument|100%
Magnetic beads method glue recovery kit
Nano cerium oxide powder (CeO2 powder)
Nano Tungsten disulfide powder
Tungsten carbide nano powder (99.9% )
Nano Dy2O3 powder
Nano Cobalt powder (Nano Co powder)
Nano Aluminum oxide powder (Nano Al2O3Powder)
Nano Boron carbide powder (Nano CB4 Powder)
Tantalum carbide powder (nano particle size)
Nano titanium(Ti) Powder
Nano Titanium carbide powder (Nano TiC powder)
High purity Nano Manganese(Mn) powder
Nano SiO2 Powder
Nano Fe2O3 powder (99.9%)
Nano Aluminium Nitride powder (Nano AlN powder)
Nano Tungsten disulfide powder (Nano WS2 powder)
chitosan beads
aldehyde beads | aldehyde modified microsphere
Bio-magnetic beads, Carboxylic modified
Bio-magnetic beads, Amino modified
Bio-magnetic beads, Silicic modified
Magnetic fluid
Nano SiO2 dispersing agent
Nano Co dispersing agent
Nano oxidation zinc dispersing agent
Nano silver Soil antibacterial agent
Polyurethane release agents
Nano silver Powder (Nano Ag powder purity 99.99)
Thiadiazole-octyl mercaptan condensates(CAS No: 13539-13-4)
Dimercapto-thiadiazole dimerBis-DMTD
DMTD(2,5- dimercapto-1,3,4- thiadiazole)
Methylene bis (dibutyl dithio carbamate)
MoDTC Complexes (Solid MoDTC)
MoDTP (Liquid Molybdenum Dithiophosphate)
Nano Co dispersing agent
Water-based magnesium stearate
Polyurethane Internal Release Agent
Water-based zinc stearate (Vinyl lubricant )
Stearic acid amides emulsion for themal paper
Water-Based Calcium stearate
Coated with abrasive coating slurry