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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, 12 May 21
MARKET INSIGHT - INTERMODAL
Tanker S&P is finally back!
For an extended period, Dry bulk & Wet market rates have been diverging, with the SnP deals on each sect ...
Monday, 10 May 21
PAKISTAN: COAL GASIFICATION AND LIQUEFACTION HARMFUL TO ECONOMY - IEEFA
There is no second life for coal
Pakistan’s intention to use coal for power production through gasification and liquefaction technologie ...
Sunday, 09 May 21
HERE'S WHY INVESTORS ARE POURING MONEY INTO COAL, DESPITE ITS BLEAK FUTURE - FORBES
Coal stocks have surged this year – along with the wider energy sector – but experts warn these are likely short-term gains for an indu ...
Sunday, 09 May 21
MAYBANK TO STOP COAL FINANCING - BERNAMA
Malayan Banking Bhd (Maybank) will stop financing new coal activities as part of its sustainable agenda.
Currently, coal financing m ...
Saturday, 08 May 21
LNG-TO-POWER INVESTORS IN THE PHILIPPINES RISK EXPOSURE TO $14 BILLION IN STRANDED ASSETS - IEEFA
High regulatory and financial uncertainty in the Philippines market
The race to develop liquified natural gas (LNG) facilities in th ...
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- Carbofer General Trading SA - India
- Heidelberg Cement - Germany
- Karbindo Abesyapradhi - Indoneisa
- TeaM Sual Corporation - Philippines
- Semirara Mining Corp, Philippines
- Mintek Dendrill Indonesia
- Bhatia International Limited - India
- Aditya Birla Group - India
- The University of Queensland
- Power Finance Corporation Ltd., India
- Videocon Industries ltd - India
- Global Green Power PLC Corporation, Philippines
- Malabar Cements Ltd - India
- Tata Chemicals Ltd - India
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- ASAPP Information Group - India
- Eastern Energy - Thailand
- Formosa Plastics Group - Taiwan
- Planning Commission, India
- Bhushan Steel Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indika Energy - Indonesia
- Independent Power Producers Association of India
- Bukit Baiduri Energy - Indonesia
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- Ambuja Cements Ltd - India
- Meralco Power Generation, Philippines
- Energy Link Ltd, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Indian Energy Exchange, India
- Standard Chartered Bank - UAE
- Merrill Lynch Commodities Europe
- Maharashtra Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- SN Aboitiz Power Inc, Philippines
- Agrawal Coal Company - India
- Barasentosa Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Marubeni Corporation - India
- Bukit Makmur.PT - Indonesia
- GMR Energy Limited - India
- ICICI Bank Limited - India
- Ministry of Mines - Canada
- Gujarat Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Iligan Light & Power Inc, Philippines
- The Treasury - Australian Government
- Cigading International Bulk Terminal - Indonesia
- Xindia Steels Limited - India
- Coastal Gujarat Power Limited - India
- Africa Commodities Group - South Africa
- Bulk Trading Sa - Switzerland
- Thai Mozambique Logistica
- Gujarat Sidhee Cement - India
- Orica Australia Pty. Ltd.
- Vedanta Resources Plc - India
- Rashtriya Ispat Nigam Limited - India
- Electricity Authority, New Zealand
- International Coal Ventures Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- IEA Clean Coal Centre - UK
- GVK Power & Infra Limited - India
- PTC India Limited - India
- Wood Mackenzie - Singapore
- Tamil Nadu electricity Board
- Billiton Holdings Pty Ltd - Australia
- Posco Energy - South Korea
- Miang Besar Coal Terminal - Indonesia
- London Commodity Brokers - England
- GAC Shipping (India) Pvt Ltd
- Maheswari Brothers Coal Limited - India
- VISA Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
- Port Waratah Coal Services - Australia
- Holcim Trading Pte Ltd - Singapore
- Romanian Commodities Exchange
- Indogreen Group - Indonesia
- Straits Asia Resources Limited - Singapore
- Madhucon Powers Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- White Energy Company Limited
- Kapuas Tunggal Persada - Indonesia
- Cement Manufacturers Association - India
- Petron Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Savvy Resources Ltd - HongKong
- Neyveli Lignite Corporation Ltd, - India
- Directorate Of Revenue Intelligence - India
- Baramulti Group, Indonesia
- South Luzon Thermal Energy Corporation
- Price Waterhouse Coopers - Russia
- Australian Commodity Traders Exchange
- Mjunction Services Limited - India
- Sical Logistics Limited - India
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- Goldman Sachs - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Altura Mining Limited, Indonesia
- Central Electricity Authority - India
- Timah Investasi Mineral - Indoneisa
- McConnell Dowell - Australia
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- Economic Council, Georgia
- Minerals Council of Australia
- Kartika Selabumi Mining - Indonesia
- Electricity Generating Authority of Thailand
- Meenaskhi Energy Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Sojitz Corporation - Japan
- Jindal Steel & Power Ltd - India
- Therma Luzon, Inc, Philippines
- SMG Consultants - Indonesia
- Australian Coal Association
- Mercator Lines Limited - India
- Kaltim Prima Coal - Indonesia
- San Jose City I Power Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- New Zealand Coal & Carbon
- Bangladesh Power Developement Board
- Gujarat Mineral Development Corp Ltd - India
- Makarim & Taira - Indonesia
- Deloitte Consulting - India
- Semirara Mining and Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Aboitiz Power Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Trasteel International SA, Italy
- Krishnapatnam Port Company Ltd. - India
- Intertek Mineral Services - Indonesia
- Siam City Cement PLC, Thailand
- Thiess Contractors Indonesia
- Sindya Power Generating Company Private Ltd
- PetroVietnam Power Coal Import and Supply Company
- Kideco Jaya Agung - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Bayan Resources Tbk. - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Borneo Indobara - Indonesia
- Singapore Mercantile Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kumho Petrochemical, South Korea
- Indo Tambangraya Megah - Indonesia
- Global Coal Blending Company Limited - Australia
- Banpu Public Company Limited - Thailand
- Chamber of Mines of South Africa
- Wilmar Investment Holdings
- Bukit Asam (Persero) Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Medco Energi Mining Internasional
- Indonesian Coal Mining Association
- Coalindo Energy - Indonesia
- Antam Resourcindo - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Bharathi Cement Corporation - India
- Latin American Coal - Colombia
- GN Power Mariveles Coal Plant, Philippines
- Mercuria Energy - Indonesia
- Georgia Ports Authority, United States
- Uttam Galva Steels Limited - India
- Global Business Power Corporation, Philippines
- Parliament of New Zealand
- CNBM International Corporation - China
- Binh Thuan Hamico - Vietnam
- Salva Resources Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Energy Development Corp, Philippines
- Simpson Spence & Young - Indonesia
- MS Steel International - UAE
- Bhoruka Overseas - Indonesia
- Vizag Seaport Private Limited - India
- SMC Global Power, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Edison Trading Spa - Italy
- Eastern Coal Council - USA
- Sinarmas Energy and Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- Riau Bara Harum - Indonesia
- Sarangani Energy Corporation, Philippines
- Sakthi Sugars Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Manunggal Multi Energi - Indonesia
- PowerSource Philippines DevCo
- Ind-Barath Power Infra Limited - India
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Larsen & Toubro Limited - India
- Indian Oil Corporation Limited
- Lanco Infratech Ltd - India
- Siam City Cement - Thailand
- AsiaOL BioFuels Corp., Philippines
- Central Java Power - Indonesia
- Metalloyd Limited - United Kingdom
- The State Trading Corporation of India Ltd
- Oldendorff Carriers - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- India Bulls Power Limited - India
- Commonwealth Bank - Australia
- Star Paper Mills Limited - India
- Interocean Group of Companies - India
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