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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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- PTC India Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Romanian Commodities Exchange
- Salva Resources Pvt Ltd - India
- Siam City Cement - Thailand
- Bukit Makmur.PT - Indonesia
- Edison Trading Spa - Italy
- Thai Mozambique Logistica
- Parry Sugars Refinery, India
- Planning Commission, India
- IEA Clean Coal Centre - UK
- Eastern Coal Council - USA
- Trasteel International SA, Italy
- SMC Global Power, Philippines
- Meenaskhi Energy Private Limited - India
- Wood Mackenzie - Singapore
- Wilmar Investment Holdings
- McConnell Dowell - Australia
- CIMB Investment Bank - Malaysia
- Parliament of New Zealand
- Renaissance Capital - South Africa
- European Bulk Services B.V. - Netherlands
- Samtan Co., Ltd - South Korea
- Essar Steel Hazira Ltd - India
- Posco Energy - South Korea
- Commonwealth Bank - Australia
- Sree Jayajothi Cements Limited - India
- Sical Logistics Limited - India
- Central Java Power - Indonesia
- Electricity Authority, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- PowerSource Philippines DevCo
- Australian Commodity Traders Exchange
- Baramulti Group, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Manunggal Multi Energi - Indonesia
- Coal and Oil Company - UAE
- Mintek Dendrill Indonesia
- Chamber of Mines of South Africa
- Indo Tambangraya Megah - Indonesia
- Sarangani Energy Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Carbofer General Trading SA - India
- Larsen & Toubro Limited - India
- Coastal Gujarat Power Limited - India
- Interocean Group of Companies - India
- VISA Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Mercuria Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement PLC, Thailand
- Toyota Tsusho Corporation, Japan
- Cigading International Bulk Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bhatia International Limited - India
- Rio Tinto Coal - Australia
- Kohat Cement Company Ltd. - Pakistan
- Medco Energi Mining Internasional
- San Jose City I Power Corp, Philippines
- Australian Coal Association
- Bayan Resources Tbk. - Indonesia
- Mjunction Services Limited - India
- SN Aboitiz Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Riau Bara Harum - Indonesia
- Africa Commodities Group - South Africa
- TeaM Sual Corporation - Philippines
- Metalloyd Limited - United Kingdom
- OPG Power Generation Pvt Ltd - India
- GVK Power & Infra Limited - India
- Heidelberg Cement - Germany
- Energy Development Corp, Philippines
- Independent Power Producers Association of India
- Indogreen Group - Indonesia
- Attock Cement Pakistan Limited
- The Treasury - Australian Government
- ICICI Bank Limited - India
- Binh Thuan Hamico - Vietnam
- Anglo American - United Kingdom
- Xindia Steels Limited - India
- Uttam Galva Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Orica Australia Pty. Ltd.
- Mercator Lines Limited - India
- IHS Mccloskey Coal Group - USA
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- Tata Chemicals Ltd - India
- Vedanta Resources Plc - India
- Bukit Baiduri Energy - Indonesia
- Port Waratah Coal Services - Australia
- PNOC Exploration Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Tamil Nadu electricity Board
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate Of Revenue Intelligence - India
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Energy - Thailand
- Sakthi Sugars Limited - India
- Makarim & Taira - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- India Bulls Power Limited - India
- Vizag Seaport Private Limited - India
- London Commodity Brokers - England
- Grasim Industreis Ltd - India
- South Luzon Thermal Energy Corporation
- Indian Energy Exchange, India
- Jaiprakash Power Ventures ltd
- Ambuja Cements Ltd - India
- Gujarat Sidhee Cement - India
- Jindal Steel & Power Ltd - India
- Global Green Power PLC Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sojitz Corporation - Japan
- Central Electricity Authority - India
- The University of Queensland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Economic Council, Georgia
- Asmin Koalindo Tuhup - Indonesia
- MS Steel International - UAE
- Ministry of Finance - Indonesia
- Coalindo Energy - Indonesia
- Dalmia Cement Bharat India
- Pendopo Energi Batubara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Indian Oil Corporation Limited
- Goldman Sachs - Singapore
- Kobexindo Tractors - Indoneisa
- Indika Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
- Latin American Coal - Colombia
- Madhucon Powers Ltd - India
- Power Finance Corporation Ltd., India
- Aboitiz Power Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Energy Link Ltd, New Zealand
- Sindya Power Generating Company Private Ltd
- Savvy Resources Ltd - HongKong
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- Singapore Mercantile Exchange
- Simpson Spence & Young - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bangladesh Power Developement Board
- ASAPP Information Group - India
- Agrawal Coal Company - India
- Bulk Trading Sa - Switzerland
- Thiess Contractors Indonesia
- Barasentosa Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kepco SPC Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- CNBM International Corporation - China
- Kideco Jaya Agung - Indonesia
- Bhoruka Overseas - Indonesia
- The State Trading Corporation of India Ltd
- Kaltim Prima Coal - Indonesia
- Oldendorff Carriers - Singapore
- Iligan Light & Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Lanco Infratech Ltd - India
- Ministry of Transport, Egypt
- Formosa Plastics Group - Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- GAC Shipping (India) Pvt Ltd
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Semirara Mining Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Indonesian Coal Mining Association
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Petron Corporation, Philippines
- Meralco Power Generation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Krishnapatnam Port Company Ltd. - India
- Kumho Petrochemical, South Korea
- LBH Netherlands Bv - Netherlands
- Price Waterhouse Coopers - Russia
- Bhushan Steel Limited - India
- Bharathi Cement Corporation - India
- Georgia Ports Authority, United States
- New Zealand Coal & Carbon
- White Energy Company Limited
- Global Business Power Corporation, Philippines
- Videocon Industries ltd - India
- Standard Chartered Bank - UAE
- Straits Asia Resources Limited - Singapore
- Global Coal Blending Company Limited - Australia
- International Coal Ventures Pvt Ltd - India
- Electricity Generating Authority of Thailand
- SMG Consultants - Indonesia
- Deloitte Consulting - India
- Star Paper Mills Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Merrill Lynch Commodities Europe
- Cement Manufacturers Association - India
- Ind-Barath Power Infra Limited - India
- Therma Luzon, Inc, Philippines
- Malabar Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Marubeni Corporation - India
- Borneo Indobara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Aditya Birla Group - India
- Intertek Mineral Services - Indonesia
- GMR Energy Limited - India
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