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Friday, 29 July 22
GLENCORE TO SUPPLY COAL TO NIPPON STEEL AT $375 PER TON - BLOOMBERG
Glencore Plc, agreed to supply coal to Nippon Steel at one of the highest prices ever paid by the Japan Bloomberg reported on July 27.
According to Bloomberg, Nippon Steel Corp. agreed on an annual supply deal through March with Glencore for power plant coal at $375 per ton, according to people with knowledge of the deal, who asked not to be identified because the information is private.
The agreement is three times more expensive than similar deals done last year, and is likely one of the costliest coal contracts ever signed by a Japanese company, one of the people said, Bloomberg said.
teh report also said, spokespeople for Glencore and Nippon Steel declined to comment.
Bloomberg also noted that, Global competition for coal and natural gas is escalating as power generators move to secure additional fuel shipments amid an energy crunch. Utilities are curbing imports from Russia due to the war in Ukraine, tightening the amount of available supply and sending prices surging.
Japan has been struggling with strained electricity supplies and high demand during a recent heat wave. Nippon Steel, which uses fuel to power its industrial sites and supplies electricity to Japan’s grid, earlier this month purchased the country’s most expensive ever natural gas shipment.
Glencore is the world’s top coal shipper and profits from the power-plant fuel are at an all-time high. The resource giant is on course for a record 2022 as it cashes in on soaring prices and volatility.
Bloomberg further noted that, the Glencore deal may be used as the benchmark price for other annual supplies by thermal coal users in Asia, the people said. That will boost the cost to generate electricity, and threatens to increase power bills for businesses and households.
Australian Newcastle coal futures closed at $410.45 per ton on Tuesday on ICE Futures Europe, and touched a record earlier this year. European coal futures for next year rallied to an all-time high on Tuesday as Russia threatens to curb gas supplies to the continent, as reported by Bloomberg
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Thursday, 26 August 21
INDIA IMPORTED 17.06 MLN TONNES OF LPG IN 2020; UP 11.5% Y-O-Y
Global LPG trade remained fairly positive in 2020, despite the global economic impact from COVID-19, and surged strongly in the first half of 2021. ...
Thursday, 26 August 21
MARKET INSIGHT - INTERMODAL
24th of August 2021, the Baltic Dry Index reached 4,201, a YTD high and the highest since May 2010.
Cape 5TC daily average @ 51,472
...
Tuesday, 24 August 21
COAL PRICE RALLY TO PRESSURE CHINESE POWER GENCOS’ MARGINS FITCH RATINGS
Fitch Ratings expects the pressure on Chinese power generation companies’ (gencos) profit from the recent coal price surge to weaken their cr ...
Tuesday, 24 August 21
TIGHT POWER SUPPLY IN CHINA AMID STRONG DEMAND, HIGH COAL PRICES - FITCH RATINGS
China experienced tight power supply in 1H21 on stronger than expected power demand as economic activity continued to recover, Fitch Ratings says i ...
Monday, 23 August 21
CHINESE COAL PRODUCTION RISES 4.9 PCT IN 1ST 7 MONTHS OF 2021 - NBS
Official figures demonstrated that the Chinese raw coal production surged 4.9 percent annually to 2.26 billion tonnes in the January-July period of ...
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- Maharashtra Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Ministry of Finance - Indonesia
- TeaM Sual Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Bukit Asam (Persero) Tbk - Indonesia
- India Bulls Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Vizag Seaport Private Limited - India
- Oldendorff Carriers - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thai Mozambique Logistica
- Eastern Energy - Thailand
- Wood Mackenzie - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Formosa Plastics Group - Taiwan
- Agrawal Coal Company - India
- Gujarat Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- The State Trading Corporation of India Ltd
- Port Waratah Coal Services - Australia
- Chettinad Cement Corporation Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Altura Mining Limited, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Trasteel International SA, Italy
- Tata Chemicals Ltd - India
- SN Aboitiz Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Grasim Industreis Ltd - India
- Kumho Petrochemical, South Korea
- Eastern Coal Council - USA
- Videocon Industries ltd - India
- Commonwealth Bank - Australia
- Carbofer General Trading SA - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- LBH Netherlands Bv - Netherlands
- Meralco Power Generation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- GAC Shipping (India) Pvt Ltd
- Electricity Authority, New Zealand
- Straits Asia Resources Limited - Singapore
- Energy Link Ltd, New Zealand
- Australian Commodity Traders Exchange
- Petron Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Global Coal Blending Company Limited - Australia
- Bhatia International Limited - India
- Sojitz Corporation - Japan
- Georgia Ports Authority, United States
- McConnell Dowell - Australia
- Latin American Coal - Colombia
- Cement Manufacturers Association - India
- PowerSource Philippines DevCo
- International Coal Ventures Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Heidelberg Cement - Germany
- Malabar Cements Ltd - India
- Borneo Indobara - Indonesia
- Salva Resources Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Petrochimia International Co. Ltd.- Taiwan
- White Energy Company Limited
- Miang Besar Coal Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Gujarat Sidhee Cement - India
- Iligan Light & Power Inc, Philippines
- Lanco Infratech Ltd - India
- Mercator Lines Limited - India
- Goldman Sachs - Singapore
- Globalindo Alam Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Ind-Barath Power Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Aditya Birla Group - India
- Barasentosa Lestari - Indonesia
- Bhushan Steel Limited - India
- GMR Energy Limited - India
- Indonesian Coal Mining Association
- New Zealand Coal & Carbon
- PNOC Exploration Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Attock Cement Pakistan Limited
- Central Java Power - Indonesia
- Savvy Resources Ltd - HongKong
- Anglo American - United Kingdom
- Indika Energy - Indonesia
- Energy Development Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- PTC India Limited - India
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Orica Australia Pty. Ltd.
- Bhoruka Overseas - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Australian Coal Association
- Larsen & Toubro Limited - India
- Toyota Tsusho Corporation, Japan
- Ministry of Mines - Canada
- ICICI Bank Limited - India
- Manunggal Multi Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Riau Bara Harum - Indonesia
- SMC Global Power, Philippines
- Rashtriya Ispat Nigam Limited - India
- Xindia Steels Limited - India
- Sical Logistics Limited - India
- Binh Thuan Hamico - Vietnam
- MS Steel International - UAE
- Kapuas Tunggal Persada - Indonesia
- Jindal Steel & Power Ltd - India
- Wilmar Investment Holdings
- Indian Oil Corporation Limited
- South Luzon Thermal Energy Corporation
- Krishnapatnam Port Company Ltd. - India
- CNBM International Corporation - China
- Neyveli Lignite Corporation Ltd, - India
- Bukit Makmur.PT - Indonesia
- Mintek Dendrill Indonesia
- Metalloyd Limited - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- London Commodity Brokers - England
- Alfred C Toepfer International GmbH - Germany
- The University of Queensland
- Parry Sugars Refinery, India
- Renaissance Capital - South Africa
- Makarim & Taira - Indonesia
- Cigading International Bulk Terminal - Indonesia
- GVK Power & Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thiess Contractors Indonesia
- Ministry of Transport, Egypt
- Siam City Cement - Thailand
- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
- IHS Mccloskey Coal Group - USA
- Coal and Oil Company - UAE
- Orica Mining Services - Indonesia
- Electricity Generating Authority of Thailand
- Power Finance Corporation Ltd., India
- Medco Energi Mining Internasional
- Simpson Spence & Young - Indonesia
- Bharathi Cement Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Rio Tinto Coal - Australia
- Independent Power Producers Association of India
- Madhucon Powers Ltd - India
- CIMB Investment Bank - Malaysia
- Planning Commission, India
- Directorate General of MIneral and Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Interocean Group of Companies - India
- Indogreen Group - Indonesia
- OPG Power Generation Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Kobexindo Tractors - Indoneisa
- VISA Power Limited - India
- Antam Resourcindo - Indonesia
- Coastal Gujarat Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Tamil Nadu electricity Board
- Mjunction Services Limited - India
- San Jose City I Power Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Essar Steel Hazira Ltd - India
- Parliament of New Zealand
- Siam City Cement PLC, Thailand
- Coalindo Energy - Indonesia
- Star Paper Mills Limited - India
- Sakthi Sugars Limited - India
- Posco Energy - South Korea
- Edison Trading Spa - Italy
- Central Electricity Authority - India
- Uttam Galva Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Economic Council, Georgia
- Deloitte Consulting - India
- Jaiprakash Power Ventures ltd
- Indian Energy Exchange, India
- Bayan Resources Tbk. - Indonesia
- Bangladesh Power Developement Board
- Meenaskhi Energy Private Limited - India
- Africa Commodities Group - South Africa
- SMG Consultants - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
- Therma Luzon, Inc, Philippines
- Dalmia Cement Bharat India
- Global Business Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ASAPP Information Group - India
- Maheswari Brothers Coal Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Romanian Commodities Exchange
- Chamber of Mines of South Africa
- Standard Chartered Bank - UAE
- Baramulti Group, Indonesia
- Mercuria Energy - Indonesia
- Marubeni Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sree Jayajothi Cements Limited - India
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