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Thursday, 04 April 19
GLENCORE, TOHOKU ELECTRIC SET COAL CONTRACT PRICE AT $94.75/T - SOURCE, REUTERS REPORTED
 Global miner Glencore and Japan’s Tohoku Electric Power agreed on a price of $94.75 per tonne for supplies of thermal coal from Australia for the year through March 2020, a source with direct knowledge of the matter said.
The price, which serves as an industry benchmark for supplies of seaborne thermal coal in Asia, was 14 percent lower than a price agreed for supplies for the year through September this year.
The agreement helps restore clarity to an opaque market after Glencore and Tohoku Electric abandoned the annual talks for April-March supplies last year.
The Australian miner later agreed on a price of $110 per tonne in August for some contracts with other Japanese thermal coal buyers for the April to March period.
Glencore has two annual benchmark supply contracts with Japanese utilities, typically negotiated by Tohoku Electric, one for April through March and the other for October through September that takes account for later market conditions.
With annual imports last year of slightly less than 114 million tonnes, Japan is one of the world’s biggest importers of thermal coal. Australia supplied a little over 70 percent of those imports in 2018.
A Tohoku spokesman declined to comment. Glencore could not immediately be contacted for comment.
Source: Reuters
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Saturday, 06 April 19
AUSTRALIA COAL POSTS BIGGEST WEEKLY DROP IN A DECADE AMID WEAK DEMAND - REUTERS
Australian thermal coal prices this week registered their biggest weekly fall since the financial market turmoil of a decade ago as demand plunged ...
Saturday, 06 April 19
SUPRAMAX: IT WAS A POOR WEEK OVERALL FOR THE BALTIC SUPRAMAX INDEX, WHICH LOST GROUND - BALTIC BRIEFING
Capesize
The Capesize market over the past week looked to have found a floor on Tuesday with the BCI 5TC at $3460 before firming into the rest ...
Thursday, 04 April 19
OVERSUPPLY STILL MAJOR CHALLENGE WARNS ICS
Speaking in Istanbul, Simon Bennett, Deputy Secretary General of the International Chamber of Shipping (ICS) warned that avoiding overcapacity and ...
Monday, 01 April 19
FORCE MAJEURE SUCCESS NOT A SEA CHANGE - BALTIC EXCHANGE
KNOWLEDGE TO ELEVATE
It is difficult to successfully argue that contractual performance has been prevented or delayed by force majeure. This i ...
Monday, 01 April 19
AUSTRALIAN COAL AT RISK FROM CHINA MOVE, WARNS GOVERNMENT REPORT - SYDNEY MORNING HERALD
A new government report warns China’s restrictions on coal imports is the number one risk for Australian coal this year and could lead to a s ...
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- Australian Coal Association
- Maharashtra Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Ambuja Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Dalmia Cement Bharat India
- Cement Manufacturers Association - India
- Altura Mining Limited, Indonesia
- Xindia Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Antam Resourcindo - Indonesia
- Mjunction Services Limited - India
- Semirara Mining and Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- Intertek Mineral Services - Indonesia
- Samtan Co., Ltd - South Korea
- The Treasury - Australian Government
- Siam City Cement PLC, Thailand
- Kepco SPC Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Miang Besar Coal Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Lanco Infratech Ltd - India
- Bukit Makmur.PT - Indonesia
- Deloitte Consulting - India
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- Independent Power Producers Association of India
- Grasim Industreis Ltd - India
- VISA Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Maheswari Brothers Coal Limited - India
- Bangladesh Power Developement Board
- India Bulls Power Limited - India
- Port Waratah Coal Services - Australia
- Makarim & Taira - Indonesia
- Posco Energy - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- The University of Queensland
- Rashtriya Ispat Nigam Limited - India
- Indogreen Group - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kapuas Tunggal Persada - Indonesia
- Jindal Steel & Power Ltd - India
- CNBM International Corporation - China
- Salva Resources Pvt Ltd - India
- Economic Council, Georgia
- Ministry of Finance - Indonesia
- Savvy Resources Ltd - HongKong
- SMC Global Power, Philippines
- Jaiprakash Power Ventures ltd
- Meenaskhi Energy Private Limited - India
- Rio Tinto Coal - Australia
- Jorong Barutama Greston.PT - Indonesia
- Uttam Galva Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wood Mackenzie - Singapore
- PTC India Limited - India
- Commonwealth Bank - Australia
- Oldendorff Carriers - Singapore
- Interocean Group of Companies - India
- Star Paper Mills Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Indika Energy - Indonesia
- Georgia Ports Authority, United States
- Electricity Generating Authority of Thailand
- Essar Steel Hazira Ltd - India
- Renaissance Capital - South Africa
- Sindya Power Generating Company Private Ltd
- Kaltim Prima Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Central Electricity Authority - India
- Trasteel International SA, Italy
- IHS Mccloskey Coal Group - USA
- GMR Energy Limited - India
- Malabar Cements Ltd - India
- PowerSource Philippines DevCo
- Directorate General of MIneral and Coal - Indonesia
- Agrawal Coal Company - India
- Merrill Lynch Commodities Europe
- Tata Chemicals Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Alfred C Toepfer International GmbH - Germany
- Aditya Birla Group - India
- Madhucon Powers Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Toyota Tsusho Corporation, Japan
- Semirara Mining Corp, Philippines
- Orica Australia Pty. Ltd.
- Globalindo Alam Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- New Zealand Coal & Carbon
- Power Finance Corporation Ltd., India
- Romanian Commodities Exchange
- SMG Consultants - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sojitz Corporation - Japan
- Indian Energy Exchange, India
- Barasentosa Lestari - Indonesia
- ASAPP Information Group - India
- Medco Energi Mining Internasional
- Vizag Seaport Private Limited - India
- Marubeni Corporation - India
- Timah Investasi Mineral - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Vedanta Resources Plc - India
- Latin American Coal - Colombia
- Binh Thuan Hamico - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Singapore Mercantile Exchange
- MS Steel International - UAE
- Asmin Koalindo Tuhup - Indonesia
- TeaM Sual Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Global Green Power PLC Corporation, Philippines
- Wilmar Investment Holdings
- Price Waterhouse Coopers - Russia
- Ministry of Transport, Egypt
- White Energy Company Limited
- Bhoruka Overseas - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parliament of New Zealand
- Orica Mining Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Eastern Energy - Thailand
- IEA Clean Coal Centre - UK
- Kartika Selabumi Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Indonesian Coal Mining Association
- Petrochimia International Co. Ltd.- Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Ind-Barath Power Infra Limited - India
- Riau Bara Harum - Indonesia
- ICICI Bank Limited - India
- South Luzon Thermal Energy Corporation
- GAC Shipping (India) Pvt Ltd
- Gujarat Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Metalloyd Limited - United Kingdom
- Mercator Lines Limited - India
- Attock Cement Pakistan Limited
- Energy Link Ltd, New Zealand
- Bulk Trading Sa - Switzerland
- San Jose City I Power Corp, Philippines
- Kumho Petrochemical, South Korea
- Eastern Coal Council - USA
- Bharathi Cement Corporation - India
- Petron Corporation, Philippines
- Sical Logistics Limited - India
- Bayan Resources Tbk. - Indonesia
- Videocon Industries ltd - India
- Minerals Council of Australia
- Australian Commodity Traders Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Thiess Contractors Indonesia
- Thai Mozambique Logistica
- Sakthi Sugars Limited - India
- Edison Trading Spa - Italy
- McConnell Dowell - Australia
- AsiaOL BioFuels Corp., Philippines
- Kalimantan Lumbung Energi - Indonesia
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- Global Coal Blending Company Limited - Australia
- Indo Tambangraya Megah - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Energy Development Corp, Philippines
- CIMB Investment Bank - Malaysia
- Global Business Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- Siam City Cement - Thailand
- Goldman Sachs - Singapore
- Heidelberg Cement - Germany
- Banpu Public Company Limited - Thailand
- Coastal Gujarat Power Limited - India
- Mercuria Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- Larsen & Toubro Limited - India
- Africa Commodities Group - South Africa
- Baramulti Group, Indonesia
- International Coal Ventures Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Tamil Nadu electricity Board
- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
- Iligan Light & Power Inc, Philippines
- GVK Power & Infra Limited - India
- Electricity Authority, New Zealand
- Bhushan Steel Limited - India
- Sarangani Energy Corporation, Philippines
- Bhatia International Limited - India
- Standard Chartered Bank - UAE
- Cigading International Bulk Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Java Power - Indonesia
- Parry Sugars Refinery, India
- Gujarat Sidhee Cement - India
- Ministry of Mines - Canada
- Karaikal Port Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Chamber of Mines of South Africa
- Meralco Power Generation, Philippines
- Planning Commission, India
- Carbofer General Trading SA - India
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