Dry Bulk Market Insights
Go beyond the numbers. This report explores the stories behind dry cargo trade, providing the context and insights you need to shape your outlook and stay ahead of the curve.
The report has these sections:
- Economic News
- Steel
- Power coal
- Aluminium
- Agribulk
- Fertiliser
- Forest Products
- Cement
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Story Examples
Economic News
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India’s federal government announced that it will spend a record 11.11 trillion rupees on infrastructure in the financial year
Steel
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In India, SAIL is taking another look at its steel production expansion plans amid falling steel prices, rising debt and an influx of Chinese steel imports. It had planned to boost its steel production capacity by 75%, from 20 million tonnes/year to 35 million tonnes/year.
Power Coal
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A new Pakistan state-owned 660 MW coal-fired power plant in Jamshoro was due to commence operations in mid-August. The plant was funded by the Asian Development Bank.
Agribulk
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The government’s forecasting agency Conab has cut its 2024/25 Brazil Centre South sugar production estimate from 42.7 to 42 million tonnes, citing lower sugarcane yields due to drought and excessive heat.
Aluminium
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The CEO of Century Aluminium in the US said the company has plans to bring its Mount Holly plant to full production, but it is unlikely to happen this year. The aluminium smelter has a capacity to produce 229,000 tonnes/year but will continue to operate at 75% of capacity for now.
Fertiliser
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The government’s forecasting agency Conab has cut its 2024/25 Brazil Centre South sugar production estimate from 42.7 to 42 million tonnes, citing lower sugarcane yields due to drought and excessive heat.
Forest Products
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Canada’s lumber exports to the US rose by 3% in the first half of 2024 to 14.7 million cubic metres according to Statistics Canada. However, shipment volumes in the second half of the year are expected to be impacted by the US decision to raise duties on the trade.
Cement
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Mangal Cement in Nigeria has commenced production at its 2.2 million tonnes/year cement plant in Iluagba, Kogi State. The plant was built in partnership with China’s Sinoma International Engineering and will initially use petroleum as a power source until it is connected to a new natural gas pipeline.