Posts by stipe_Cro

  • DRY BULK

    BDI 2767 (+89)

    BCI 5 T/C routes 180000 32393 1076
    BPI 5 T/C routes 82500 23586 1182
    BSI 10 T/C routes 58328 25472 353
    BHSI 7 T/C routes 38200 27703 63

    Quote from looserst

    Ja mislio da je tsunami bio od 550 na 350 :/

    Prvo je potjerao sve u planine pa je posrkao one koje nisu prodali na 550

    Dakle, i jedna i druga faza pripadaju istom tsunamiju :D

  • DRY BULK

    Russia has unofficially halted exports of thermal coal to Ukraine, leaving the country’s energy firms scrambling for alternative-origin material, thereby further exacerbating Atlantic supply tightness and underpinning prices, market participants said on Thursday.


    The unofficial suspension of coal exports – including transit shipments from Kazakhstan – began on 1 November, according to several sources close to the situation.

    “I am chasing all avenues to [replace lost volumes], including from Poland,” a Kiev-based coal trader told Montel, noting Ukraine may require anything from “a few hundred thousand tonnes” to “close to a million tonnes”, depending on the severity of the winter.

    He added that domestic Ukrainian mines were unable to sufficiently ramp up production to meet demand.

    “There is not an abundance of availability in Poland, but some spot tonnages are still available,” he said.

    A Polish coal trader also said there was only limited supply available for export.

    “Poland consumes 95% of its coal [production] nowadays domestically, so coal for export is marginal,” he said.

    Taking all spot cargoes

    A coal trader with a Swiss trading house meanwhile said Ukrainian firms had been “taking all non-Russian spot cargoes”.

    He noted the country had purchased around 1.5m tonnes of Colombian and US coal for fourth-quarter delivery.

    “They are still looking around, as Ukraine needs coal in January and February too.”

    This had in turn underpinned regional coal prices, he said, with Europe already facing a potential lack of the fuel over the winter as high gas prices continue to drive generation demand.

    A source with a Colombian coal supplier said state-owned Ukrainian energy firm Dtek had been requesting coal.

    “Apparently they bought some seven panamaxes of Colombian and US coal,” he said, noting there were also “rumours” Dtek was seeking coal from stock at Amsterdam, Rotterdam or Antwerp.

    At least five vessels from the US – seemingly laden with coal – were earmarked for delivery to Ukraine in November-December, according to vessel tracking data by VesselsValue.

    Russian denial

    Nevertheless, a spokeswoman for Russian state-owned rail operator Russian Railways (RZD) denied there was any ban on coal exports to Ukraine.

    “Russian coal rail shipments to Ukraine have been neither suspended nor limited,” she said, adding “every day, we have a stable volume of coal traffic. There are no significant fluctuations.”

    But a coal analyst with a utility claimed RZD was unable to talk openly about the ban, noting “it’s very sensitive, politically”.

    “RZD will never be able to say they have cut railings to Ukraine. Only [president Vladimir] Putin can say such a thing,” he said.

    A source with a Moscow-based trading house, meanwhile, confirmed the restrictions were in place.

    “Russia is making Ukraine suffer economically for its hostile political push,” he said, with regards in part to Ukrainian efforts to block Russia’s Nord Stream 2 gas pipeline project.

    Andriy Herus, chairman of the Ukrainian parliament’s committee on energy, housing and utility services, said in a recent Telegram post that the ban would commence at the start of November, affecting all thermal – but not coking – coal exports from Russia.

  • DRY BULK

    A fire at a Russian coal mine could impact 0.4m tonnes/month of coal supply to the seaborne market, amid an already tight market, sources said on Thursday.


    The blaze broke out this morning at SDS-Ugol’s Listvyazhnaya mine in western Siberia, according to the region’s governor Sergei Tsivilev.

    “That’s approximately 0.4m tonnes/month out of the market,” said a Russian coal trader, close to the situation, adding the mine’s produce – of high-grade thermal coal – was mainly sold for export.

    This comes at a time of already tight supply to both the Atlantic and Pacific basins, which has seen front-quarter API 2 prices gain more than 20% since the start of the week to USD 156/t, at the time of writing.

    An analyst with a utility also said the mine's output was predominantly shipped to European destinations, including Germany and Poland.

    In a post to his Telegram account, Tsivilev said the ministry of emergency situations had received reports of smoke from the mine shortly after 09:00 local time.

    He said 49 miners were still trapped underground, with one having died, although local media reported six deaths.

  • DRY BULK

    Pacific-basin benchmark coal prices have risen 14% this week to a four-week high with Chinese efforts to boost domestic production unlikely to completely offset import requirements this winter, analysts said on Thursday.


    Broker Global Coal’s Newcastle index, a reference price for high-grade (6,000 kcal/kg) Australian coal, was assessed last up USD 20.31 on the week at USD 169/t but was still well below mid-October record highs in excess of USD 250/t.

    A 25,000t cargo for loading in December traded earlier this week at USD 163.50/t, via Global Coal.

    Market participants said while Chinese domestic production had increased in recent weeks, there were limits to its potential output volumes, so it would still be in part reliant on imports to weather the winter demand season.

    Falling stocks

    “China seems to have reached top of it’s potential to ramp up [production] and now stocks at coastal utilities are also starting to come down,” said a coal analyst with a large producer.

    ANZ Bank analysts agreed, noting “even though China has been able to boost daily output to more than 12m tonnes, it’s likely to need more stock if it’s to stave off power shortages this winter”.

    As such, the Zhengzhou exchange’s most liquid thermal coal contract, for January 2022, settled last nearly 13% higher week on week at CNY 934.40/t (USD 146.30/t).

    “The Chinese think they have enough for the winter but I think they will be buying later,” said a coal analyst with a Singapore-based trading house.

    “I don’t think it’s that easy [for China] to maintain those production and transportation levels,” he added.

    Meanwhile, the La Nina weather pattern – which has now become “established” and can result in heavy rainfall/flooding for key producing nations such as Australia and Indonesia – could further underpin prices, market participants said.

    “Flooding in Australia could dent supply,” noted the first analyst.

    ANZ analysts also said the weather system could push temperatures in China to well below seasonal norms and create another “energy crunch”.

    Indian demand upturn

    Meanwhile, in India, there had been some rise in imports, as generators continued to replenish stocks from recent multi-year low last month of just over 7m tonnes.

    Coal inventories at plants were pegged last at 18.6m tonnes, up by almost a quarter on the week, Central Electricity Authority (CEA) data showed.

    “Imports are up, as prices have fallen from highs,” said one India-based coal trader, adding, however, a majority of the imports at present were of lower grade material from Indonesia.

  • DRY BULK

    Znam ja, znam ja!¨

    Panamaxi su na dugoročnim ugovorima tako da je ovaj današnji rast nebitan :D

    Al su me na drugom forumu popljuvali zbog toga da kako ne znam da ATPL ima Pmaxe i da spot vozarine za Pmax utječu na ATPL.