Metals

Asia thermal coal: Term deals find favor with Chinese consumers Chinese end-users have switched to concluding term contract deals and lessened their spot buying with the approach of China's Lunar New Year festivities in mid-February, as spot prices for south China stayed rangebound in Thursday's trading session in Asia at $85/mt CFR basis 5,500 kcal/kg NAR, said market sources. 11/1/2013
China's 2013 refined copper consumption to rise 5.5% to 8.1 mil mt: Antaike China's refined copper consumption is forecast to rise 5.5% to 8.1 million mt in 2013 from realized consumption of 7.68 million mt in 2012, state-run nonferrous metals information provider Beijing Antaike said Wednesday. 10/1/2013
Gold Gains a 2nd Day in London on Signs of China Demand Gold rose for a second day in London on signs of increased demand in China before the country’s Lunar New Year that starts next month. 10/1/2013
Iron Ore Seen Set for Bear Market as Restocking Rally Fades Iron ore, which posted the biggest quarterly climb on record in the final three months of 2012, may extend gains from a 14-month high as Chinese mills restock, then tumble into a bear market, according to Deutsche Bank AG. 10/1/2013
Growth in coal demand and supply to slow in 2013: Deutsche Prices for seaborne thermal coal will stay above production costs for larger mines this year, while demand and supply of the fossil fuel will slow because of weaker economic growth and falling US exports, Deutsche Bank said in a report on Tuesday. 10/1/2013
Chinese Export Offers Keep International Steel Prices in Check

Competitively priced Chinese export offers have played a part in controlling price increases in many parts of the world according to MEPS International Ltd, the UK based company of steel analysts. Quotations by suppliers of Chinese material have been used in negotiations between western buyers and sellers to keep price increases to a minimum.
10/1/2013
Iron-Ore Swaps Reach 14-Month High as China Seen Restocking Iron-ore swaps rose to a 14-month high on speculation China, the largest importer of the steelmaking raw material, needs to restock at a time of year when the biggest suppliers often face weather disruptions. 9/1/2013
Japan’s Copper-Alloy Output May Rise 4% in 2013 on Weaker Yen Japan’s output of copper and copper- alloy fabricated products may increase about 4 percent in 2013, rising for the first time in three years on the nation’s effort to revive its economy and to weaken the yen. 8/1/2013
Iron Ore Imports Seen by Morgan Stanley Boosting Shipping
Rising steel prices and falling stockpiles of iron ore in China may lead to increased imports of the commodity, boosting demand for shipping, according to Morgan Stanley. Mills in China, the largest steelmaker, are buying iron ore amid higher steel prices and improving industrial activity, Fotis Giannakoulis, a New York-based analyst at the investment bank, said in an e-mailed report
8/1/2013
Australia's FMG postpones loading of iron ore term cargoes: sources
Australian iron ore exporter Fortescue Metals Group deferred the loading of some of its long-term contractual iron ore cargoes due to equipment issues, customers of the miner told Platts Monday. A Singapore-based customer said there were "quite a few" parties affected by cargo delays, and that he had been told by FMG that these were brought about by problems with some equipment.
8/1/2013

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5/21/2013

A.M. Nomikos buys $20.1 mln bulker - brokers


A.M. Nomikos of Greece has acquired bulk carrier TANGO QUEEN (dwt 55,649 blt 2007 Japan) at the price of USD 20.1 million, according to broker reports.

Also in the secondhand bulker market, Greeks have snapped up the BOTAFOGO (dwt 76,623 blt 2001 Japan) and BARBARA (dwt 73,317 blt 1997 S.Korea) bulkers for USD 12.5 million and USD 7.5 million respectively.

Furthermore, containership HANSA CALEDONIA (dwt 21,563 blt 1998 S.Korea, 1,645 TEU) has also gone to Greeks for USD 4.8 million.





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