July 2014 China coastal (bulk) Transport Market Analysis Report

1, coal transportation

July first half despite the summer, temperatures rise in some areas, but abundant rainfall in coastal areas, water issuance, south hot weather did not continue to occur, making the public electricity generally low, it is learned in the first half load power plant in east China only 50 percent, Japan consumption levels are still significantly lower than last year. Due to lack of demand, power plants and unloading Hong Kong stocks remain high, coastal power plants to the inventory process is still showing a slow trend. Affected coastal coal freight rates continue at historically low volatility consolidation. The second half, the rise of domestic hot weather, rising demand for electricity. To July 25, the six coastal power plant coal consumption for the first time to break from 700,000 to 712,000 tons, coal stocks fell to 12.84 million tons, coal storage down to the number of days available for 18 days, both the highest in nearly three months since The lowest point. While forced sales and high inventory pressure, Shenhua Group since the end of June to July in the short term coal prices to stimulate sales down six times, July 24, after a long association Shenhua Group Coal 5500 kcal discount price of only 485 yuan / ton, the lowest in history. Faced with suction pressure late power demand and coal prices, lower power procurement initiative rebound increase in supply, transport needs to be boosted. Capacity, part of the ship by the typhoon weather, the turnover rate slowed down significantly, coastal capacity is relatively tight supply from the previous month.

This month, the low coastal coal freight consolidation, end slightly. July 25, coal cargo types freight index Shanghai Shipping Exchange closed at 958.89 points, up 2.1 percent over the same period the previous month. July 31, Shanghai Shipping Exchange, China's coastal coal freight index (CBCFI), the Qinhuangdao to Shanghai (40,000-50,000 dwt) freight routes for 25.0 yuan / ton, last month over the same period rose 4.1 yuan / t; Qinhuangdao Port to Ningbo (1.5-2 Wan dwt) route freight to 29.4 yuan / ton, last month rose 4.3 yuan / ton over the same period; Qinhuangdao - Zhangjiagang (2-3 million dwt) was 29.9 yuan freight route / ton, last month rose 4.5 yuan / ton earlier. South China freight routes affected by electric utilities and west to east factors, the increase is relatively small. July 31, Qinhuangdao to Guangzhou route freight to 32.7 yuan / ton, last month rose 2.4 yuan / ton earlier.

2, metal ore transportation

Coastal metal ore transport market, the steel industry continued to run low, the overall downturn in demand led to major varieties of steel prices have reduced. Maintenance of equipment and steel enterprises coming, Burden demand has decreased, mainly steel still digest inventory, transportation demand for iron ore is still insufficient power to push up freight rates remain at low ebb. July 25, metal ore cargo types freight index closed at 845.85 points, down 1.3% over the same period the previous month, the monthly average fell 4.5 percent last month.

3, crude oil and refined oil transportation

Oil transportation market, at 0:00 on July 22 raised gasoline and diesel prices by watching the market, while demand continued to light the terminal is still the primary issue facing the oil market. Oil traders demand procurement, were just the right amount of replenishment operations, the market buying and selling prices in general, difficult to boost the overall transportation needs. July 25, Shanghai Shipping Exchange, refined oil freight index was 1215.40 points, crude oil freight index was 1597.14 points, both unchanged from last month.

4, food transport

Coastal food transport market, the acquisition of the northern port reduction, in early July the South to ship less, the southern port prices rose steadily. Traders positive sales result in pre-period inventory is low, while prices in the south watching canvassing confidence boost. Plus half portion of corn prices to stimulate demand in northern shipping, freight rebounded slightly. July 25, grain cargo types freight index closed at 702.45 points, up 1.6 percent over the same period the previous month, the monthly average rose 1.4 percent last month.