Dry Bulk Commodity Market Insights, DBX Commodities Limited

DBX Commodities

Dry Bulk Commodity Market Insights

DBX Commodities Limited

DBX provides the most accurate and comprehensive real-time data and insights for dry bulk commodities based on satellite imagery and intelligence.

Alex CLAUDE, an expert in commodity tech with 15 years experience in the commodity trading industry, teamed up with the Signal Group in 2020 and started DBX. 

Our product is the result of a unique combination of domain and technological expertise. We offer the most comprehensive, accurate and deepest research analytics of the dry bulk commodity market: coal, iron ore, alumina, bauxite, sugar, wheat, soybeans and soymeal.

Cross Asset Strategy

<ul>
<li>Outperformers: Uranium, Coal &amp; Battery Materials. The strongest performers this month were uranium and thermal coal producers, which benefitted from renewed institutional interest and long-term structural tailwinds.</li>
<li>Underperformers: Gold Miners, Energy, and Select Coal. Despite a +5.2% increase in the gold price, key miners such as Barrick Gold (-7.6%) and Agnico Eagle (-0.9%) underperformed</li>
<li>Equities vs Commodities. There was a notable decoupling between equity and commodity performance this month.</li>
</ul>


Outperformers: Uranium, Coal &amp; Battery Materials. The strongest performers this month were uranium and thermal coal producers, which benefitted from renewed institutional interest and long-term structural tailwinds.
Underperformers: Gold Miners, Energy, and Select Coal. Despite a +5.2% increase in the gold price, key miners such as Barrick Gold (-7.6%) and Agnico Eagle (-0.9%) underperformed
Equities vs Commodities. There was a notable decoupling between equity and commodity performance this month.


APAC IPOs & Placements, Aequitas Research

Akshat Shah

APAC IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

Central Mine Planning & Design Institute / Equity Capital Markets

Central Mine Planning & Design Institute (CMPDI IN)

<ul>
<li>
<a href="https://www.smartkarma.com/entities/central-mine-planning-design-institute-limited" target="_blank" data-smartkarma-citation="entities:55739:1" rel="noopener">Central Mine Planning &amp; Design Institute (CMPDI IN)</a> raised about US$200m in its India IPO in Mar 2026. The lockup on its promoter, Coal India, is set to expire soon.</li>
<li>CMPDI is a subsidiary of Coal India, providing consultancy and support services across the full range of coal-mineral exploration, mine planning and design, covering the entire lifecycle of mining operations.</li>
<li>In this note, we will talk about the lockup dynamics and possible placement.</li>
</ul>



Central Mine Planning &amp; Design Institute (CMPDI IN) raised about US$200m in its India IPO in Mar 2026. The lockup on its promoter, Coal India, is set to expire soon.
CMPDI is a subsidiary of Coal India, providing consultancy and support services across the full range of coal-mineral exploration, mine planning and design, covering the entire lifecycle of mining operations.
In this note, we will talk about the lockup dynamics and possible placement.


Aequitas: CMPDI IPO Lockup Expiry - ~US$1bn Lockup Release; Near Term Selldown Unlikely

Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

Thematic (Sector/Industry)

<ul>
<li>
<a href="https://www.smartkarma.com/entities/hyundai-motor-india-ltd" target="_blank" data-smartkarma-citation="entities:40900:1" rel="noopener">Hyundai Motor India (1342Z IN)</a> plans India’s largest IPO, valued at Rs. 27,870 crore.</li>
<li>Historical data shows large IPOs often underperform, raising concerns about valuation and market timing.</li>
<li>Caution is essential; analyzing fundamentals over hype is crucial for IPO investments.</li>
</ul>



Hyundai Motor India (1342Z IN) plans India’s largest IPO, valued at Rs. 27,870 crore.
Historical data shows large IPOs often underperform, raising concerns about valuation and market timing.
Caution is essential; analyzing fundamentals over hype is crucial for IPO investments.


Thematic Report : How India’s Biggest IPOs Have Performed?

India Equity Analyst - Fundamental & Thematic, Beat the Street

Sudarshan Bhandari

India Equity Analyst - Fundamental & Thematic

<ul>
<li>Adani-Tower JV to Set Up $10 Billion Semiconductor Plant in Maharashtra</li>
<li>Reliance Industries' 1:1 Bonus Shares Announcement and Stock Perfor mance  </li>
<li>Centre Plans Incentives for Electric Ambulances and Police Vehicles under FAME III</li>
</ul>


Adani-Tower JV to Set Up $10 Billion Semiconductor Plant in Maharashtra
Reliance Industries' 1:1 Bonus Shares Announcement and Stock Perfor mance  
Centre Plans Incentives for Electric Ambulances and Police Vehicles under FAME III


# 57 India Insight: Adani $10 Bn Semiconductor Plant, Reliance Bonus Issue, FAME III Incentives

<ul>
<li>Supreme Court ruled that States can levy cesses on mining activities, distinguishing it from Union's authority over royalty.</li>
<li>Retrospective tax collection from 2005 could impose 1.5-2 lakh crore on the mining sector, heavily impacting co. like <a href="https://www.smartkarma.com/entities/tata-steel-ltd" target="_blank" data-smartkarma-citation="entities:20934:1" rel="noopener">Tata Steel Ltd (TATA IN)</a> and <a href="https://www.smartkarma.com/entities/coal-india-ltd" target="_blank" data-smartkarma-citation="entities:9117:1" rel="noopener">Coal India Ltd (COAL IN)</a>.</li>
<li>The ruling may exacerbate financial pressures on the mining industry, especially in high-tax states like Odisha and Jharkhand.</li>
</ul>


Supreme Court ruled that States can levy cesses on mining activities, distinguishing it from Union's authority over royalty.
Retrospective tax collection from 2005 could impose 1.5-2 lakh crore on the mining sector, heavily impacting co. like Tata Steel Ltd (TATA IN) and Coal India Ltd (COAL IN).
The ruling may exacerbate financial pressures on the mining industry, especially in high-tax states like Odisha and Jharkhand.


60-Year Mining Tax Battle: Supreme Court’s Final Word

India

Coal India Limited (CIL) is the world's largest coal producer, engaged in the exploration, production, and marketing of coal and coal products. It primarily supplies thermal coal for power generation and coking coal for steel and metallurgical industries. Headquartered in Kolkata, West Bengal, India, the company was established in November 1975.

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Coal India (COAL IN)

Commodity Equity Monitor: May 2025 Issue

Outperformers: Uranium, Coal & Battery Materials. The strongest performers this month were uranium and thermal coal producers which benefitted from...

DBX Commodities

Aequitas: CMPDI IPO Lockup Expiry - ~US$1bn Lockup Release; Near Term Selldown Unlikely

Central Mine Design Planning Institute (CMPDI) raised about US$200m in its India IPO in Mar 2026. The lockup on its promoter, Coal India, is set to...

Akshat Shah

Thematic Report : How India’s Biggest IPOs Have Performed?

Hyundai Motor India plans India's largest IPO valued at Rs. 27,870 crore, but historical data suggests caution is needed as large IPOs often...

Nimish Maheshwari

# 57 India Insight: Adani $10 Bn Semiconductor Plant, Reliance Bonus Issue, FAME III Incentives

Adani-Tower JV to build $10 billion semiconductor plant, Reliance Industries announces 1:1 bonus shares, Centre to offer incentives for electric...

Sudarshan Bhandari

60-Year Mining Tax Battle: Supreme Court’s Final Word

Supreme Court ruling allows States to levy cess on mining, potentially imposing hefty retrospective taxes on sector, impacting companies like Tata...

Nimish Maheshwari

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Commodity Equity Monitor: May 2025 Issue

Outperformers: Uranium, Coal & Battery Materials. The strongest performers this month were uranium and thermal coal producers which benefitted from...

DBX Commodities

Aequitas: CMPDI IPO Lockup Expiry - ~US$1bn Lockup Release; Near Term Selldown Unlikely

Central Mine Design Planning Institute (CMPDI) raised about US$200m in its India IPO in Mar 2026. The lockup on its promoter, Coal India, is set to...

Akshat Shah

Thematic Report : How India’s Biggest IPOs Have Performed?

​Hyundai Motor India plans India's largest IPO valued at Rs. 27,870 crore, but historical data suggests caution is needed as large IPOs often...

Nimish Maheshwari

# 57 India Insight: Adani $10 Bn Semiconductor Plant, Reliance Bonus Issue, FAME III Incentives

​Adani-Tower JV to build $10 billion semiconductor plant, Reliance Industries announces 1:1 bonus shares, Centre to offer incentives for electric...

Sudarshan Bhandari

60-Year Mining Tax Battle: Supreme Court’s Final Word

​Supreme Court ruling allows States to levy cess on mining, potentially imposing hefty retrospective taxes on sector, impacting companies like Tata...

Nimish Maheshwari

Hyundai Motor India plans India's largest IPO valued at Rs. 27,870 crore, but historical data suggests caution is needed as large IPOs often...

Adani-Tower JV to build $10 billion semiconductor plant, Reliance Industries announces 1:1 bonus shares, Centre to offer incentives for electric...

Supreme Court ruling allows States to levy cess on mining, potentially imposing hefty retrospective taxes on sector, impacting companies like Tata...