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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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Wednesday, 28 July 21
MARKET INSIGHT - INTERMODAL
Assessing the ship repair sector during this first half of the year, we continue to come across surprises and new restrictions which are trembling ...
Saturday, 24 July 21
UNDERSTANDING INDIA'S LATEST PEAK POWER DEMAND RECORD - IEEFA
Ramping up solar will be crucial as peak power demand hits during the day
At around noon on 7 July 2021, India’s instantaneous ...
Wednesday, 21 July 21
MARKET INSIGHT - INTERMODAL
Dry Buk Sales and Purchase activity has heated up during 2021, reaching record high levels during the first half of the year. The increased interes ...
Monday, 19 July 21
CHINA'S COAL OUTPUT UP 6.4 PCT IN H1 - XINHUA
China’s raw coal output climbed 6.4 percent year on year to 1.95 billion tonnes in the first six months of the year, official data showed.
...
Saturday, 17 July 21
COAL PRICES TRADE AT DECADE HIGH OF $140 PER TONNE, HERE ARE SOME FACTORS AT PLAY: CNBC-TV18
Coal prices are trading at $140 per tonne. In the last one week, coal has seen more than 8 percent gains; the last one month has seen 24 percent ju ...
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- Bangladesh Power Developement Board
- OPG Power Generation Pvt Ltd - India
- London Commodity Brokers - England
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Ministry of Transport, Egypt
- European Bulk Services B.V. - Netherlands
- Krishnapatnam Port Company Ltd. - India
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
- Ministry of Finance - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Formosa Plastics Group - Taiwan
- Lanco Infratech Ltd - India
- ASAPP Information Group - India
- Australian Coal Association
- Bayan Resources Tbk. - Indonesia
- GVK Power & Infra Limited - India
- ICICI Bank Limited - India
- Bukit Baiduri Energy - Indonesia
- Mercuria Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- International Coal Ventures Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Essar Steel Hazira Ltd - India
- Jaiprakash Power Ventures ltd
- Sarangani Energy Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Uttam Galva Steels Limited - India
- Makarim & Taira - Indonesia
- Parry Sugars Refinery, India
- Deloitte Consulting - India
- Globalindo Alam Lestari - Indonesia
- Eastern Energy - Thailand
- Kumho Petrochemical, South Korea
- Coalindo Energy - Indonesia
- Georgia Ports Authority, United States
- Gujarat Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Ministry of Mines - Canada
- Vizag Seaport Private Limited - India
- Madhucon Powers Ltd - India
- Bukit Makmur.PT - Indonesia
- Bharathi Cement Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Larsen & Toubro Limited - India
- Riau Bara Harum - Indonesia
- The University of Queensland
- Neyveli Lignite Corporation Ltd, - India
- Bhoruka Overseas - Indonesia
- Sindya Power Generating Company Private Ltd
- Commonwealth Bank - Australia
- Banpu Public Company Limited - Thailand
- Mercator Lines Limited - India
- Therma Luzon, Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Goldman Sachs - Singapore
- Rashtriya Ispat Nigam Limited - India
- Intertek Mineral Services - Indonesia
- VISA Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Economic Council, Georgia
- Indika Energy - Indonesia
- PowerSource Philippines DevCo
- Price Waterhouse Coopers - Russia
- SN Aboitiz Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Global Green Power PLC Corporation, Philippines
- Thai Mozambique Logistica
- Bahari Cakrawala Sebuku - Indonesia
- Wilmar Investment Holdings
- Siam City Cement - Thailand
- Central Electricity Authority - India
- SMC Global Power, Philippines
- Mjunction Services Limited - India
- Pendopo Energi Batubara - Indonesia
- Parliament of New Zealand
- Global Business Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Marubeni Corporation - India
- Coal and Oil Company - UAE
- Energy Link Ltd, New Zealand
- San Jose City I Power Corp, Philippines
- Chamber of Mines of South Africa
- Semirara Mining and Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Sakthi Sugars Limited - India
- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
- Electricity Generating Authority of Thailand
- Videocon Industries ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Latin American Coal - Colombia
- AsiaOL BioFuels Corp., Philippines
- Kobexindo Tractors - Indoneisa
- Ind-Barath Power Infra Limited - India
- Indian Energy Exchange, India
- Kaltim Prima Coal - Indonesia
- Power Finance Corporation Ltd., India
- Jindal Steel & Power Ltd - India
- Iligan Light & Power Inc, Philippines
- Petron Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Singapore Mercantile Exchange
- IHS Mccloskey Coal Group - USA
- Siam City Cement PLC, Thailand
- Manunggal Multi Energi - Indonesia
- Simpson Spence & Young - Indonesia
- Metalloyd Limited - United Kingdom
- Aboitiz Power Corporation - Philippines
- Indonesian Coal Mining Association
- Agrawal Coal Company - India
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Sidhee Cement - India
- Attock Cement Pakistan Limited
- Oldendorff Carriers - Singapore
- Meralco Power Generation, Philippines
- Salva Resources Pvt Ltd - India
- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Eastern Coal Council - USA
- Minerals Council of Australia
- McConnell Dowell - Australia
- The State Trading Corporation of India Ltd
- Kartika Selabumi Mining - Indonesia
- Anglo American - United Kingdom
- Bulk Trading Sa - Switzerland
- Alfred C Toepfer International GmbH - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- MS Steel International - UAE
- CNBM International Corporation - China
- Merrill Lynch Commodities Europe
- GMR Energy Limited - India
- Indo Tambangraya Megah - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Sojitz Corporation - Japan
- Heidelberg Cement - Germany
- Independent Power Producers Association of India
- Karaikal Port Pvt Ltd - India
- Baramulti Group, Indonesia
- Bhushan Steel Limited - India
- TeaM Sual Corporation - Philippines
- Central Java Power - Indonesia
- Romanian Commodities Exchange
- Star Paper Mills Limited - India
- The Treasury - Australian Government
- Timah Investasi Mineral - Indoneisa
- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
- PNOC Exploration Corporation - Philippines
- Planning Commission, India
- GN Power Mariveles Coal Plant, Philippines
- Medco Energi Mining Internasional
- Vijayanagar Sugar Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- White Energy Company Limited
- Carbofer General Trading SA - India
- Malabar Cements Ltd - India
- Australian Commodity Traders Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Tamil Nadu electricity Board
- Orica Mining Services - Indonesia
- India Bulls Power Limited - India
- Kideco Jaya Agung - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chettinad Cement Corporation Ltd - India
- Samtan Co., Ltd - South Korea
- Altura Mining Limited, Indonesia
- Tata Chemicals Ltd - India
- Sree Jayajothi Cements Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMG Consultants - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Indian Oil Corporation Limited
- Interocean Group of Companies - India
- Africa Commodities Group - South Africa
- Dalmia Cement Bharat India
- Cement Manufacturers Association - India
- Semirara Mining Corp, Philippines
- PTC India Limited - India
- GAC Shipping (India) Pvt Ltd
- Grasim Industreis Ltd - India
- Electricity Authority, New Zealand
- Thiess Contractors Indonesia
- Port Waratah Coal Services - Australia
- Sical Logistics Limited - India
- Edison Trading Spa - Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- LBH Netherlands Bv - Netherlands
- Aditya Birla Group - India
- Miang Besar Coal Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maheswari Brothers Coal Limited - India
- Energy Development Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Rio Tinto Coal - Australia
- Leighton Contractors Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Vedanta Resources Plc - India
- Indogreen Group - Indonesia
- Trasteel International SA, Italy
- Asmin Koalindo Tuhup - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- New Zealand Coal & Carbon
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