DRY BULK

Monthly Report - March https://www.dnfanalysis.com/CMS/imageFolder/1617377154.pdf

China's Ban on Australian Coal Imports Remains Intact; Restrictions on Mongolian Coal Trucks Remain In Place

https://www.breakwaveadvisors.com/insights/2021/…remain-in-place

Chinese coal consumers may face tight supply availability during summer when air-conditioning demand peaks, despite assurances from the country's national energy administration (NEA) that supplies will be sufficient

https://www.argusmedia.com/en/news/220211…e-nea-assurance

Quote from jasko

Monthly Report - March https://www.dnfanalysis.com/CMS/imageFolder/1617377154.pdf

Kad vidim ove iznose od 20-30k za sup-pan cini se nestvarno

Cape up 7.2%

Weekly Vessel Valuations Report

China's main economic planning agency the NDRC held another meeting today to discuss measures to ensure the country will have enough coal for the summer peak demand season when air-conditioning requirements increase.

Many of the utilities urged for there to be a stable and predictable system of coal import quotas, citing concerns that domestic spot prices for the first quarter were too high at the average of Yn760/t. Current stocks at more than a quarter of the country's utilities can only last for no more than seven days because of high coal consumption, market participants said.

https://www.argusmedia.com/en/news/220277…kToResults=true

Baltic Dry-indeksen er ifølge The Baltic Exchange opp 1,7 prosent til 2.127 poeng, skriver TDN Direkt.

Capesize trekker opp 7,2 prosent til 22.468, mens Panamax faller 3,2 prosent til 19.882. Handysize daler 2,1 prosent til 17.647 og Supramax er ned 1,0 prosent til 19.714.

Get ready for the upcoming super cycle? https://www.wsj.com/articles/jpmor…omy-11617791403

Global Economy’s Rebound May Extend Shipping Boom Into 2022 https://www.bloomberg.com/news/newslette…y-chains-latest

Weekly Dry Time Charter Estimates

Daisy Ocean (56,563 2010) open Singapore 9/10 Apr trip to China with bauxite at $24k

Bao Qin (56,877 2010) delivery Go Gia, Vietnam rumoured to have fixed for a trip via Vietnam to Chittagong with clinker abt $27,000.

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'Yin Ping' 2010 53484 dwt dely Bahodopi 13 Apr trip redel S China intention steels $24,000

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'Union Glory' 2010 55088 dwt dely Surabaya 11/15 Apr trip via Indonesia redel China $25,000

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58,000-dwt delivery Indonesia was fixed for a trip to Bangladesh at $25,000 with coal

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MV Ultramax open north China was fixed for a trip via NoPac to Singapore-Japan at $24,000

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MV SKYFALL/63K DWT/'16/OPEN SURABAYA 15/20 APRIL fixed $24k for indo/phil coal

FFAs trading down this morning

Baltic Capesize-indeks er opp 1,8 prosent til 22.874 dollar pr dag

Dry Bulk: Consolidation underway, But Ain't Over Yet https://www.breakwaveadvisors.com/insights/2021/…tcyebwf28932cdt

Baltic Dry Index Falls 1.83% to 2,088
Capesize +1.81% to $22,874
Panamax -8.92% to $18,108
Supramax 58k tons -0.35% to $19,645
Handysize -2.19% to $17,261

Freight futures am update

Capesize down ~2%
Panamax down ~7%

Inventories of coal in China are low for this time of the year. China’s main economic planning agency met this week to ensure that the country has enough supplies to meet the summer demands when the use of air-conditioning peaks.

“Prices for domestic coal have spiralled, but as imports are restricted by a quota system, inventories at more than a quarter of the country’s utilities can only last for a week’s consumption,” a report from brokers Lorentzen & Stemoco noted yesterday. https://splash247.com/asian-coal-tra…alian-products/

Corn exports topped 2 million tonnes last week - among the best weeks on record.

Baltic Capesize-indeks + 4,5 prosent til 23.911 dollar pr dag

Freight futures am update

Capesize up ~5%
Panamax flat