Monthly Archives: December 2017

Japan Flat Steel Imports Surged 15% M-o-M in Nov’17

According to the latest customs data, Japan flat steel imports which includes 7208 (HR coils /Plates), 7209 (CR coils), 7225 (Electrical sheets), 7210/7212(GP/GC) reported the increase of 15%,M-o-M basis to 0.38 MnT in Nov17 in comparison 0.33 MnT in Oct’17.

However,on yearly basis, nation’s flat steel imports went down by 5% in Nov’17.The same stood at 0.4 MnT in Nov’16.

During the tenure of eleven months (Jan-Nov) of CY17,nation’s flat steel import increased by 4% to 4.08 MnT against 3.93 MnT in similar time frame of previous year.

Grade-Wise Japan Flat Steel Imports in Nov’17-

Sub Commodity Nov’17 Oct’17 M-o-M 
Change in %
Nov’16 Y-o-Y 
Change in %
HRC/Plate 0.19 0.17 11.76 0.21 -9.52
CRC 0.08 0.07 14.28 0.08 0
Galvanised Steel 0.1 0.07 42.8 0.07 42.8
Electrical Steel 0.01 0.01 0 0.03 -66.66
Others 0.00 0.00 0 0 0
Grand Total 0.38 0.32 15% 0.39 -5%

Quantity in MnT
Source-SteelMint Research

Country-Wise Flat Steel imports of Japan in Jan-Nov’17- In the tenure of Jan-Nov’17 South Korea exported 2.77 MnT which contributed 67.78 % of share in eleven months of 2017.Besides this other importers of flat steel from Japan were Taiwan which stood at 0.86 MnT (accounted for 21.13% of share) and China at 0.43 MnT (contributes 10.50% of share) in Jan-Nov’17.

In the month of Nov’17,Japan has imported 0.27 MnT of flat steel from South Korea which rose sharply by 17% M-o-M from 0.23 MnT in previous month.Other major countries include Taiwan which stood at 0.08 MnT and China at 0.03 MnT in the month of Nov’17.

Screenshot from 2017-12-30 16:20:43

 

 

Iran’s Khouzestan Steel Company Concluded 70,000 MT Billet and Slab Tender

Khouzestan steel company, one of the largest exporter of steel in Iran had floated an export tender for export of 30,000 MT billet and 40,000 MT slab for early Mar’18 and Feb’18 shipment respectively. The due date for bid submission was 27 Dec’17 till 18:00 hrs.

As per market source, export tender for billet was concluded at USD 520/MT FOB Iran. Destination for billet export tender is not yet specified. Quantity of billet offered by KSC for delivery increased to 35,000 MT as against initial offering of 30,000 MT in tender notice.

On parallel lines export tender for slab has been concluded at USD 485/MT FOB Iran. Slab is likely to go Far East Nation.

KSC and ESCO Sold Billet in IME

Khouzestan Steel Company (KSC) sold 10,000 MT billet in Iran Mercantile Exchange on 25 Dec’17 for IRR 19,800/KG (USD 475/MT) for late Feb’18 delivery. On parallel lines, Esfahan Steel Company (ESCO) also traded 5,000 MT billet in IME for IRR 19,400/KG (USD 465/MT) for late Jan’18 delivery.

 

South East Asia Emerges as Largest Destination for Iranian Billet Exports

Iran one of the largest billet exporter in world has exported around 2,325,464 MT during first 8 months of current Persian year, registered a growth of 46% Y-o-Y. Major destination for Iranian billet were Thailand (573,155 MT), Indonesia (412,416 MT), UAE (292,860 MT), Italy (259,904 MT) and Taiwan (214,469 MT).

Capture

KSC was the largest exporter of billet and bloom in current Persian year, the company exported around 1,300,000 MT of billet and bloom during the period. South Kaveh Steel Company was also one of the major exporter of billet in current year, the company exported 458,000 MT in first 8 months of the year.

UAE, Major Iranian Slab Importer in Current Persian Year.

Iran exported around 1,900,000 MT of slab in first 8 months of current Persian year, registered a growth of 171% Y-o-Y against 701,000 MT exported last Persian year. Major destination for Iranian slab during the period were UAE (583,581 MT), Thailand (363,451 MT), Amman, Jordan (349,695 MT) and Egypt (204,086 MT).

Capture 1

Major exporters of slab during the period were Khouzestan Steel Company (KSC) and Hormozgan Steel Company (HOSCO). KSC being the largest exporter of semi-finished steel has exported around 431,957 MT slab during the period. On parallel line HOSCO exported around 777,897 MT in current Persian year.

KSC Billet and Slab Export Tender Bid Closed

Khouzestan Steel Company (KSC) had invited tender for export of 30,000 MT billet and 40,000 MT slab for early Mar’18 and Feb’18 shipment respectively. The due date for bid submission closed on 27 Dec’17.

 

China: Weekly Steel Market Highlights

In the last week of this calender year Chinese steel market observed a dull beginning amid Christmas holidays however later trade activities picked up to some extent. Chinese flat steel and re-bar export offers observed marginal decline. Coking coal prices marked the new high and continuously moving upwards over robust demand from importing nations.

Seaborne iron ore prices exhibited fluctuations -Seaborne iron ore prices in China increased on steel gains. Fe 62% fines prices towards the beginning of the week was at USD 73.5/MT then fell to USD 73/MT and then towards the weekend remained at USD 73-74/MT, CFR China. Trade activities remained limited over holidays

Spot lump premium fell amid softening demand in seaborne lump market and increased stock of lump at Chinese major ports.

Lump premium declined and stood at USD 0.081/MT. Pellet premium remained stable on limited trades and was assessed at USD 43/DMT, CFR China

China produced 109.7 MnT crude iron ore (Run-of-Mine) in Nov’17. On monthly premises China’s ROM production has moved down by 9% against 120.7 MnT in Oct’17.

Coking coal prices surged to highest in CY 17- Coking coal prices recorded a new hike and surged by USD 16/MT which is by far the highest in CY17.Price rally continues owing to supply constraints amid winter holidays in Australia which is from 20 Dec’17 and extended to 8 Jan’18. Meanwhile strong demand from the importing nations like China,Japan has led to rapid increase in coking coal prices.

Currently Premium HCC prices was assessed at around USD 262.25/MT FoB Australia, moved up by USD 16.25/MT compared to USD 246/MT in previous week.

Chinese billet export offers inched up by USD5/MT W-o-W – Chinese billet export offers rose marginally by USD 5/MT this week and are assessed around USD 560/MT,FoB China. Last week billet export offers was heard at USD 555/MT FoB basis.

However prices in the domestic market was gauged at RMB 3,740/MT (ex-works, including VAT) in northern China in the beginning of the week and started to decline amid new year holiday and was assessed at RMB 3,670/MT (ex-works, including VAT).

Chinese HRC export offers decline marginally over thin trading- Chinese HRC export offers started to fall ahead of year end trading in export market.This week Chinese HRC export offers fall marginally by USD 5/MT however domestic market remained largely stable with few fluctuations in futures.

Currently HRC commercial grade ASTM A36 export offers are prevailing in the range of USD 570/MT,FoB China.Last offers were heard in the range of USD 575/MT on FoB basis.

Prices of HRC in domestic market moved up by RMB 10/MT and are hovering in the range of RMB 4,280-4,310/MT (Eastern China) and RMB 4,170-4200/MT including VAT & other taxes.

Chinese Re-bar export offers moved down by USD 5/MT-Chinese Re-bar export offers continued to move down further by USD 5/MT W-o-W basis owing to sparse trading before the new year weekend.

Currently nation’s re-bar export offers are at USD 565/MT on FoB basis.Previously it was assessed in range of USD 570/MT FoB basis.

However markets participants mentioned that bids were heard at USD 560-590/MT FoB basis but no major deal have been concluded yet.

Steel Raw Material & Finished Steel Prices in China

 Particulars Currency Current  
Prices per MT
1 W 1 M
Spot Iron Ore Fines Fe 62%,
CNF China
USD 73 76 70
Iron Ore Concentrate in
Hebei Province, Fe 66%
(ex works)
RMB 730 730 675
Met Coke, 64%, FoB China USD 388 360 304
Chinese Domestic
Billet, ex-works
RMB 3,670 3,880 3,779
Billet 150*150 mm,
FoB China
USD 560 555 540
HRC, FoB China USD 570 575 560
CRC, FoB China USD 620 620 600
Rebar, FoB China USD 565 570

Source-SteelMint Research

 

Global Ferrous Scrap Market Weekly Overview

This week scrap importers remained almost silent in Turkey, US and Europe amid New Year holidays, No significant trade deals heard owing to which price assessment for US origin HMS scrap remained unchanged in Turkey. Indian buyers concluded few thin trades in containers over strong local market while importers from Pakistan and Bangladesh stood less active amid sharply rising offers. Shagang Steel in China cut scrap buying prices first time since mid of October while Japanese scrap prices remained unmoved with no price revisions from Tokyo Steel.

Turkey importers turned silent over holidays; Scrap offers remained firm – This week imported scrap offers to Turkey remained unchanged with last week assessment as the market witnessed no trade activities. The assessment for US origin HMS 1&2(80:20) remained at USD 370/MT, CFR Turkey. Markets in major scrap supplying countries are closed over holidays for Christmas and New Year and most of the participants now expect buying to resume in next week. Thus offers were very limited and no deal confirmed in this week in Turkey.

China’s Shagang Steel cut scrap purchase prices by USD 5/MT- The largest ferrous scrap consumer in China, Shagang Jiangsu Steel has cut its domestic scrap buying price by CNY 30/MT (USD 5) on 28th Dec. Shagang is now paying CNY 2650/MT (USD 407) for HMS scrap not less than 6 mm delivered to its works in China inclusive of 17% VAT. Earlier to this, the company was fetching scrap material at CNY 2680/MT (USD 412) after witnessing the total increase of CNY 550/MT in three consecutive hikes in scrap buying prices in Dec’17. At present, several construction projects in China have been halted due to New Year holidays and extreme weather conditions.

Indian scrap market observed thin trades; offers remained nearly stable – Imported scrap offers to India remained almost firm with a marginal increase in HMS offers this week. Scrap market observed limited trades at increasing prices over New Year holidays. Offers for US origin Shredded scrap in containers are stable around USD 375-380/MT, CFR Nhava Sheva while HMS scrap in containers traded at USD 345/MT from Dubai, at USD 350/MT from Australia while P&S from Europe procured at USD 365/MT, CFR. Strong local markets supported scrap importers to enquire for bulk cargoes which are being quoted around USD 400/MT However no deals for bulk cargo from Indian importers reported yet. Domestic scrap prices for HMS 1&2 (80:20) in Mumbai is assessed at INR 23,300/MT and in Chennai is around INR 23,500/MT (Basic prices, GST@18% extra).

Pakistan scrap import offers surged further; a bulk scrap vessel reported at Port – Imported scrap offers in Pakistan surged further this week by USD 10-15/MT. The price assessment for containerized Shredded 211 scrap from UK and US stood at USD 370-375/MT, CFR Qasim. Offers for Dubai origin HMS 1&2 assessed at USD 355/MT, CFR Qasim which were heard last week at USD 335/MT, CFR. In the last sale reported, an importer in Pakistan bought 1000 MT of Shredded scrap from USA at USD 370/MT but after which no significant trade activities heard. At the beginning of the week, a bulk vessel named ‘Pan Ivy’ carrying 33,020 MT scrap was reported at Karachi port in Pakistan. The vessel was booked in mid-October by Mughal Steel.

Bangladesh scrap buyers remained calm amid high offers – Price assessment for US and UK origin Shredded 211 in containers increased this week to USD 390-395/MT, CFR Chittagong for Feb ’18 shipment. Offers for HMS 1&2 assessed at USD 370/MT, CFR which have increased by USD 10-15/MT on W-o-W basis. Last week HMS 1&2 from Australia assessed at USD 357/MT level. Prices for ship breaking assessed stable in Bangladesh but the market was less viable than other competitors. Prices were at USD 440/LDT for general cargo and USD 430/LDT, CFR for tanker cargoes.

UAE scrap exporters held offers seeking clarity over VAT – UAE origin scrap suppliers remained waiting for clarity over the 5% VAT in UAE which will be imposed from 1st Jan’18.Dubai based scrap exporters were not quoting offers clearing their old orders amid lessened scrap collections and limited availability at the scrap yards. Most of them are of view that offers will rise further for scrap after VAT implementation.

Global scrap reference prices as on 30th Dec’17 –

Particulars Current Prices in USD/MT W-o-W 
HMS (80:20) from US, CNF Turkey 370 0
HMS 1&2 (80:20) from Middle East, CFR India 345 +10
Shredded from USA , CFR India 375 0
Shredded from Europe, CFR Pakistan 370-375 +13
HMS from Dubai,CFR Pakistan 355 +15
HMS 1&2 from Dubai ,CFR Bangladesh 370 +15
Shredded from Europe,CFR Bangladesh 390 0
HMS (80:20) from US, CNF Taiwan 339 0
HMS (80:20), FoB Europe 339 +6

Source: SteelMint Research 

 

Indian Steel Market Highlights, Week 53

In the year end – week 53 (25th-31st Dec’17), domestic Iron and steel offers remained volatile due to subdued trade activities as in 1st half of week the prices gained momentum while in the later days it decline on fading trade activities due to holiday’s mood in the market.

In these days prices of semis & long steel reported mix trends of INR 500-1,000/MT (USD 8-15). Meanwhile, at the same time Flat steel offers rise sharply by INR 1,000-1,500/MT (USD 15-23).

Raw Material: Major merchant miners in Odisha have further raised iron ore prices, Lump prices have increased by INR 400/MT and fines by INR 200/MT. Availability of rake for iron ore has been critical and it is hampering movement in eastern parts of the country which has resulted in scarce availability.

Domestic pellet offers in India have increased up to INR 750/MT W-o-W. A significant hike in offers was seen in eastern & central parts of the country. Pellet manufacturers in Durgapur have raised offers by INR 750/MT and that in Central India (Ex-Raipur) by INR 550/MT against offers made in the beginning of last week.

Imported scrap offers to India remained almost firm with a marginal increase in HMS offers this week. With the rise in offers few trades have been reported for India by market participants.

Current offers for US origin Shredded scrap in containers are stood around USD 375-380/MT, CFR Nhava Sheva. While, HMS scrap in containers traded at USD 345/MT from Dubai, at USD 350/MT from Australia and P&S grade from Europe procured at USD 365/MT, CFR. Strong local markets supported scrap importers to enquire for bulk cargoes which are being quoted around USD 400/MT for Shreded. However, no deals for bulk cargo from Indian importers reported yet. After remaining less active since last few weeks importers witnessed buying activities this week before New Year holidays.

Coking Coal : Coking coal prices in Australia have reached levels high enough to make buyers think twice before booking imports. With the winter holidays going-on in Australia, there is no fresh supply of the coal from the miners; and at the same time, heavy rains are causing disruptions. While, the demand has continued to remain strong and under the influence of these factors, spot prices of the Premium HCC have reached around USD 262.25/MT FoB Australia with the hike of USD 15-17/MT, W-o-W.

info revised

Semi finished: Indian Sponge & Billet prices were increased about INR 1,500-2,500/MT prior the start of week 53 (25-31st Dec). However, it started to fall in the mid of week owing to weak demand in the major trade markets.

The private pig iron producers have also increased offers during current week as compared to SteelMint’s price assessment during last week. The prices increased in the range of INR 500-1,300/MT (USD 8-20) amid average trade activities.

Indian sponge iron export offers to Bangladesh have increased by around USD 25/MT W-o-W & assessed at USD 375-380/MT CPT Benapole (land port of Bangladesh and India).

Indian billet export offers increase about USD 5-10/MT and are assessed at USD 510-520/MT FoB India against last assessment at USD 510/MT FoB.

A major Indian pig iron exporter has recently closed an export tender for 6,000 MT non-alloy pig iron at around USD 355-360/MT, FoB India. This is higher against our last price assessment made at USD 345-350/MT, FoB India.

Finish-Long Steel: As per weekly analysis, finish long (Rebar & Structure) market have been registered price movement of INR 500-800/MT on fluctuating demand and have been affected by semi finish offers.

Meanwhile, the manufacturers in South India interested to gain value for exporting as few deals of Rebar has been reported around USD 585-590/MT (FOB Indian) and some deals are on table. Elongated prices also lead by supportive demand locally up to the certain level.

— The medium steel plants in Hyderabad have increase rebar gauge parity by INR 200/MT for 8 & 32 mm. Also, it increased in same amount for 10-25 mm. While considering primary view Vizag Steel (RINL) increased prices in a week beginning – rebar by INR 1,500/MT, structure by INR 1,000/MT & Wire Rod by INR 1,250/MT, w.e.f. 26th Dec’17.

Central region – Raipur based wire rod manufacturers have pushed the discount level from zero to INR 1,000/MT though in a mid week discounts it were INR 400-500/MT and East –  Durgapur based manufacturers declined INR 500/MT yesterday.

Flat Steel Market : India’s Domestic HRC/CRC prices in traders market have witnessed sharp hike of around INR 1000-1500/MT W-o-W over anticipation of price hike in next month coupled with improved buying sentiments in domestic market.

However on the other side, there is no major revision in flat steel prices from manufacturers side this week and they are expected to hike prices upto INR 1,500-2,000/MT for Jan’18 amid increased raw material cost and prevailing optimistic sentiments.The price announcement for the same is expected to be done in the upcoming days.

Currently prices (basic) for HRC (IS2062) 2.5 mm-8 mm are assessed in the range of INR 40,800-42,000/MT (ex-Mumbai), INR 42,000-42,500/MT (ex-Delhi),INR 41,000-41,500/MT (ex-Chennai).The prices mentioned above are basic prices excluding GST @ 18%.

Current reference prices (basic) for CRC (IS513) 0.9mm is hovering in the range of INR 44,500-45,000/MT (ex-Mumbai) INR 45,000-45,500/MT (ex-Delhi) and INR 46,000/MT (ex-Chennai).The prices mentioned above are basic prices excluding GST @ 18%.

Indian Raw material and Finished Steel reference Prices as on 30 Dec (Week 53)

Products Regions Taxes Prices in INR/MT W-o-W
Pellet Fe 63%, 6-20 mm Ex-Barbil,Loaded to wagon GST at 5% Extra 5,800 + 150
Iron ore Fe 62%, 10-30 mm Joda loaded to wagon Incld Royalty, DMF & NMET, GST at 5%Extra 4,950 + 400
Coking Coal, Premium HCC CNF India Prices in USD 275 + 20
Scrap HMS (80:20) Ex-Mumbai GST at 18% Extra 23,300 + 200
C-DRI 80 FeM Ex-Raipur GST at 18% Extra 21,500 – 100
P-DRI 80 FeM Ex-Raipur GST at 18% Extra 20,500 – 100
Pig iron Steel grade Ex-Raipur GST at 18% Extra 27,500 + 1,300
Billet 125*125 MM Ex-Raipur GST at 18% Extra 31,800 – 200
Rebar (12mm) Ex-Raipur (Medium Scale) GST at 18% Extra 35,500 + 500
Wire Rod (5.5 mm) Ex-Raipur GST at 18% Extra 37,600 + 700
Structure ( 40 Angle) Ex-Mumbai GST at 18% Extra 37,000 + 500
HRC (2.5-8 mm) Ex-Mumbai GST at 18% Extra 42,000 + 2,000
CRC (0.90mm) Ex-Mumbai GST at 18% Extra 46,500 + 2,500
HR Plate(5-10mm) Ex-Mumbai GST at 18% Extra 40,000 + 1,000

Prices are Ex-works, Exclusive of GST at 18%

Indian Export Reference Prices

Commodity Size and Grade Prices in USD/MT 1W 1M
Pellet Fe 64% 105 105 107
Billet 150*150 mm 515 510 460
Pig Iron Steel Grade 358 348 338
HRC 2.5-8mm, IS 2062 575 575 545

Source: SteelMint Research

 
Indonesian Coal Exports

Indonesia May Produce 406 Million Tons of Coal in 2018

Indonesia may produce 406 MnT coal next year, while exports are planned at 275 MnT, according to a government-mandated target. Domestic consumption, including for power plants and other industrial users, will be at 131 MnT.

The target is subject to change as the Energy and Mineral Resources Ministry is still calculating production plan submitted by miners.

“We have still to finish calculating the work and budget plan for 2018. We have asked producers to submit their plans,” Agung Pribadi, the energy ministry’s spokesman told Steelmint by phone on Friday, Dec 29.

Each year, coal miners which hold Coal Contract of Work (CCOW), must present annual production and export plan to the Energy and Mineral Resources Ministry for approval. Miners with CCoW, including PT Bumi Resources –Indonesia’s biggest coal producer – and PT Adaro Indonesia, account for 70-80 percent of Indonesia’s total production. Miners hold Mining Business License or IUP make up the remainder.

The Southeast Asian state has always exceeded its annual coal production target, at least in the past three years. In 2017, the energy ministry has announced production may hit 477 MnT, from an official target of 413 MnT. It’s also an increase of 4.6% from 2016 actual production of 456 MnT.

Rising China’s and India demand as well as purchase from emerging countries have boosted Indonesia’s coal exports this year, Pribadi said.

“China has allowed more imports because it keeps its working days policy at 330 days, while there is an increase in India’s imports and demand from new markets, such as Vietnam,” he said.

Higher coal prices have also lured miners to export more, Pribadi added.

Indonesia set coal benchmark price for December at USD 94.04/MT, lower than USD 101.69/MT in December last year, but it has risen from the January price at USD 86.23/MT.

The energy ministry said in August, Indonesia’s domestic consumers would burn an estimated 103 MnT coal in 2017. That means, around 374 MnT out of estimated output of 477 MnT would be shipped overseas this year.

Indonesia has exported around 320 MnT coal in January to October 2017, up from 304.4 MnT in the same period in 2016, according to Bank Indonesia’s data.

 

India’s Iron Ore Imports from South Africa Doubled in Nov’17

India imported 0.47 MnT iron ore from South Africa in Nov’17 compared to 0.25 MnT in Oct’17.

South Africa – world’s 3rd largest iron ore exporter after Australia and Brazil has exported 5.83 MnT in Nov’17, according to the trade data released by South African Customs.

South African iron ore exports have increased by 3% M-o-M in Nov’17 against 5.64 MnT in Oct’17. However, it was down by 4% on yearly basis compared to Nov’16 which was 6.1 MnT.

During Jan-Nov’17, South Africa exported 60.56 MnT iron ore up by 4% against same period last year which was stood at 58.35 MnT.

In Nov’17, an agglomerated (pellets/concentrate) iron ore exports were down 5% M-o-M to 3.48 MnT, against 3.67 MnT in Oct’17. The Y-o-Y iron ore exports witnessed a decrease of 3% in Nov’17 as against Nov’16 which stood at 3.59 MnT.

However, the non-agglomerated (fines/lump) iron ore exports were up 20% M-o-M to 2.36 MnT in Nov’17 against 1.96 MnT in Oct’17. Exports witnessed a decline of 6% in Nov’17 as compared to Nov’16 which stood at 2.5 MnT.

Country- wise South Africa Iron Ore Exports-:

SA iron ore exports Jan-Nov'17

China continues to remain the largest iron ore importer from South Africa in the month of Nov’17 and imported 4.29 MnT iron ore in Nov’17 followed by India (0.47 MnT), South Korea (0.28 MnT) and Japan (0.28 MnT).

India’s iron ore imports from South Africa doubled in Nov’17 – India’s iron ore imports increased by 88% M-o-M to 0.47 MnT in Nov’17 against 0.25 MnT in Oct’17. West India (Gujarat) based steel mills are actively looking for South African lump amid scheduled maintenance shutdown at Jindal SAW which a major source of pellets for Gujarat mills. Also, Goa-based importers like Shraddha Ispat and southern India based steel maker – Kamachi Group had booked lump vessel from South Africa.

 

Bulk Freight Rates Sink on Waning Cargo Shipping Activities

The bulk freight rates have fallen recently across all classes of vessels.

The declines in the freight rates were due to shrinkage in the cargo shipping activities mainly on account of the winter holidays going on in the key trading regions across the world, including Australia.

However, the freight rates are expected to turn upwards, post the holidays getting over, by the end of the first week of Jan’18, as shipments of the commodities, such as coal and iron ore will resume actively.

The Baltic Dry Index was last reported at 1,366 points, exhibiting a downward trend due to the demand for cargo vessels slackening due to the shrinkage in the shipping activities.

The current cargo vessel freight rates are depicted in the following tables in terms of the route and the vessel type:

SUPRAMAX
Freight in USD/MT
LOAD PORT COUNTRY DISCHARGE PORT COUNTRY 15Dec’17 LAST WEEK LAST MONTH STATUS
Taboneo Indonesia Vizag India 8.95 9.37 8.65 Down
Taboneo Navlakhi 10.56 11.06 10.22 Down
Taboneo Fangcheng China 8.64 9.12 8.35 Down
Taboneo Rizhao 9.42 9.93 9.12 Down
Richards Bay South Africa Mundra India 14.24 14.25 13.07 Down
Richards Bay Paradip 14.34 14.36 13.05 Down
Hay Point Australia Huangpu(12.3m) China 13.26 13.81 13.32 Down
Hay Point Vizag India 16.58 17.01 16.35 Down
New Port News USA Vizag 34.81 35.18 35.28 Down
Houston Vizag 32.85 33.25 33.81 Down
Goa India Qingdao China 11.71 11.46 10.94 Up
Paradip Qingdao 8.73 8.77 8.47 Down
Bunati Indonesia Campha (12.3) Vietnam 9.94 10.49 8.6 Down
Richards Bay South Africa Campha (12.3) 19.32 20.14 19.31 Down
Haypoint Australia Campha (12.3) 15.49 16.26 15.04 Down
Gladstone Campha (12.3) 15.8 16.59 15.34 Down
Port Kembla Campha (12.3) 17.9 18.78 17.4 Down
Teluk Rubiah Malaysia Campha (12.3) 9.99 10.18 8.55 Down
Vostochy (12.2M) Russia Paradip India 11.39 11.7 11.44 Down
Vostochy (12.2M) Krishnapatnam 11.31 11.59 11.36 Down
Vostochy (12.2M) Hazira 13.88 14.24 13.94 Down
Vostochy (12.2M) Jaigarh (13m) 12.31 12.61 12.37 Down
Vanino Paradip 11.44 11.59 11.23 Down
Vanino Krishnapatnam 11.12 11.24 10.92 Down
Vanino Hazira 13.57 13.74 13.33 Down
Vanino Jaigarh (13m) 12.11 12.23 11.88 Down
Vanino Tuticorin (12.8M) 11.12 11.25 10.91 Down
Nakhodka (9.35M) Paradip 15.82 16.24 15.91 Down
Nakhodka (9.35M) Krishnapatnam 15.53 15.9 15.61 Down
Nakhodka (9.35M) Hazira 20.25 20.78 20.35 Down
Nakhodka (9.35M) Jaigarh (13m) 17.93 18.37 18.02 Down
Richards Bay South Africa ECI 16.48 16.48 15.09 No Change
Richards Bay ECI 18.27 18.27 16.7 No Change

 

PANAMAX
Freight in USD/MT
LOAD PORT COUNTRY DISCHARGE PORT COUNTRY 15Dec’17 LAST WEEK LAST MONTH STATUS
Richards Bay South Africa Jaigad(14m) India 12.72 12.93 12.59 Down
Richards Bay Mundra 12.12 12.33 11.99 Down
Richards Bay Dhamra 12.88 13.1 12.75 Down
Richards Bay Krishnapattam 12.31 12.53 12.18 Down
Richards Bay Fangcheng China 14.67 14.84 14.57 Down
Richards Bay Rizhao 15.08 15.25 14.98 Down
NPLCT Indonesia Dhamra India 8.5 8.58 8.08 Down
NPLCT Gangavaram 8.75 8.84 8.33 Down
NPLCT Mundra 8.86 8.96 8.35 Down
NPLCT Jaigad 9.19 9.3 8.69 Down
Hay Point Australia Vizag 14.08 14.37 13.27 Down
New Castle Fangcheng China 13.56 14.25 12.97 Down
New Castle Rizhao 14.01 14.71 13.41 Down
New Port News USA Vizag India 30.11 28.56 27.79 Up
Tanjung Bara CT Indonesia Fangcheng China 7.06 7.23 6.22 Down
Tanjung Bara CT Rizhao 7.51 7.68 6.65 Down
New Orleans USA Dhamra India 33.05 30.77 30.09 Up
New Orleans Mundra 34.51 32.02 31.19 Up
New Orleans Rizhao China 39.22 36.34 35.44 Up

 

CAPESIZE
Freight in USD/MT
LOAD PORT COUNTRY DISCHARGE PORT COUNTRY 15Dec’17 PAST WEEK LAST MONTH STATUS
Puerto Bolivar Colombia Dhamra India 24.11 26.28 21.58 Down
Puerto Bolivar Mundra 22.3 24.4 19.85 Down
DBCT Australia Gangavaram 12.76 13.22 11.8 Down
DBCT Mundra 12.6 13.1 11.55 Down
Richards Bay South Africa Gangavaram 13.7 14.48 12.28 Down
Richards Bay Mundra 12.2 12.95 10.85 Down
Puerto Bolivar Colombia Fangcheng China 24.83 26.85 21.95 Down
Puerto Bolivar Qingdao 26.05 28.15 23 Down
Richards Bay South Africa Fangcheng 14.36 15.09 13.17 Down
Richards Bay Qingdao 14.55 15.3 13.35 Down
New Castle Australia Qingdao 11.62 12.09 10.64 Down
New Castle Fangcheng 12.25 12.75 11.2 Down
Baltimore USA Mundra India 31.14 33.25 28.1 Down
Norfolk Gangavaram 32.51 34.65 29.44 Down
TBCT Indonesia Qingdao China 7.07 7.48 6.14 Down
TBCT Fangcheng 6.57 6.95 5.72 Down
TBCT Mundra India 8.45 8.85 7.4 Down
TBCT Gangavaram 8.09 8.44 7.18 Down

Source: BULK MARINE

 

Odisha Iron Ore Production Up 12% M-o-M in Nov’17

Odisha – India’s largest iron ore producing state has witnessed an increase of 12% M-o-M in its production in Nov’17. Iron ore production stood at 9.11 MnT in Nov’17 as against 8.10 MnT in Oct’17.

The Y-o-Y production also witnessed a marginal increase of 5% in Nov’17 as compared to Nov’16 which stood at 8.7 MnT.

Rungta Mines – India’s largest private merchant miner’s production was up 34% in Nov’17 and stood at 2.77 MnT as against 2.07 MnT in Oct’17. The second largest production was recorded by Tata Steel at 1.03 MnT, down by marginally 2% in Nov’17 as against 1.05 MnT in Oct’17.

Production of other major miners were as follows: Serajuddin Mines (0.96 MnT, up 13% M-o-M); SAIL (0.64 MnT, down 3%); Indrani Patnaik (0.35 MnT, down 13% M-o-M).

Iron ore production of state-owned miner increasing consistently since last two month – OMC increased by almost four-fold in Nov’17 to 0.40 MnT against 0.11 MnT in Oct’17.

Odisha: Mine-wise iron ore production-:

Miners Nov’17 Oct’17
Rungta Mines 2.77 2.07
Tata 1.03 1.05
Serajuddin 0.96 0.85
SAIL 0.64 0.66
O.M.C. 0.4 0.11
Indrani Patnaik 0.35 0.4
Essel Mining & Industries 0.33 0.34
KJS Ahluwalia 0.3 0.61
K.N.Ram 0.26 0.22
A.M.T.C. 0.19 0.04
Others 1.88 1.75
Total 9.11 8.1

Source: Govt. of Odisha
Quantity in MnT

Supreme Court ordered the miners to submit the penalty amount by the deadline 31 Dec’17 to recover the cost of excess production from the miner’s against rampant illegal mining.As per sources, Tata Steel and some of the big merchant producers like Rungta Mines, Essel Mining & Industries Ltd, have already deposited their penalty arrears with the Odisha government.