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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 April 21
MARKET INSIGHT - INTERMODAL
Despite the current challenges as a result of the global pandemic, 2021 is turning out to be a landmark year for the iron ore market with spot pric ...
Monday, 26 April 21
CHINA TO FURTHER CUT COAL USE IN 2021 - XINHUA
China aims to reduce the share of coal in its energy mix to less than 56% this year, according to a guideline released by the National Energy Admin ...
Wednesday, 21 April 21
COAL FINANCING COSTS HAVE SURGED IN PAST 10 YEARS - UNIVERSITY OF OXFORD - THE GUARDIAN
Coal financing costs have surged over the last decade as investors demand returns four times as high as the payoff required from renewable energy p ...
Tuesday, 20 April 21
US DOLLAR LIBOR TRANSITION IN ASSET FINANCE - WHERE ARE WE NOW? - WATSON FARLEY & WILLIAMS
Since our last article, there has been a raft of regulatory and market body announcements relating to the transition away from LIBOR and the follow ...
Sunday, 18 April 21
INDONESIA LIKELY TO WITNESS 119 OIL AND GAS PROJECTS STARTS ACROSS VALUE CHAIN BY 2025, SAYS GLOBALDATA
Indonesia is expected to witness 119 oil and gas projects commencing their operations across value chain during 2021-2025, accounting for 6% of the ...
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- Essar Steel Hazira Ltd - India
- Iligan Light & Power Inc, Philippines
- Makarim & Taira - Indonesia
- The University of Queensland
- Ind-Barath Power Infra Limited - India
- Sical Logistics Limited - India
- PTC India Limited - India
- Indian Energy Exchange, India
- SN Aboitiz Power Inc, Philippines
- Bhatia International Limited - India
- Kobexindo Tractors - Indoneisa
- Malabar Cements Ltd - India
- McConnell Dowell - Australia
- VISA Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Minerals Council of Australia
- Medco Energi Mining Internasional
- CIMB Investment Bank - Malaysia
- Videocon Industries ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vizag Seaport Private Limited - India
- Mjunction Services Limited - India
- Coal and Oil Company - UAE
- SMC Global Power, Philippines
- Bayan Resources Tbk. - Indonesia
- Vedanta Resources Plc - India
- Bangladesh Power Developement Board
- CNBM International Corporation - China
- India Bulls Power Limited - India
- Commonwealth Bank - Australia
- Metalloyd Limited - United Kingdom
- Petron Corporation, Philippines
- Parry Sugars Refinery, India
- Toyota Tsusho Corporation, Japan
- Anglo American - United Kingdom
- Singapore Mercantile Exchange
- ASAPP Information Group - India
- Ceylon Electricity Board - Sri Lanka
- Renaissance Capital - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Thai Mozambique Logistica
- Wilmar Investment Holdings
- PNOC Exploration Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Directorate Of Revenue Intelligence - India
- GMR Energy Limited - India
- Ambuja Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Lanco Infratech Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Mercator Lines Limited - India
- Trasteel International SA, Italy
- PowerSource Philippines DevCo
- Cement Manufacturers Association - India
- Bhoruka Overseas - Indonesia
- Ministry of Transport, Egypt
- LBH Netherlands Bv - Netherlands
- Ministry of Finance - Indonesia
- Electricity Authority, New Zealand
- Ministry of Mines - Canada
- Central Java Power - Indonesia
- Kideco Jaya Agung - Indonesia
- White Energy Company Limited
- SMG Consultants - Indonesia
- OPG Power Generation Pvt Ltd - India
- Baramulti Group, Indonesia
- Kaltim Prima Coal - Indonesia
- Attock Cement Pakistan Limited
- Indogreen Group - Indonesia
- Tata Chemicals Ltd - India
- Eastern Energy - Thailand
- Riau Bara Harum - Indonesia
- Xindia Steels Limited - India
- Global Business Power Corporation, Philippines
- Interocean Group of Companies - India
- Siam City Cement PLC, Thailand
- Coalindo Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Central Electricity Authority - India
- Madhucon Powers Ltd - India
- Wood Mackenzie - Singapore
- Leighton Contractors Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Thiess Contractors Indonesia
- Bulk Trading Sa - Switzerland
- Jaiprakash Power Ventures ltd
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Tamil Nadu electricity Board
- Power Finance Corporation Ltd., India
- Global Green Power PLC Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Star Paper Mills Limited - India
- Latin American Coal - Colombia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Borneo Indobara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Energy Development Corp, Philippines
- Posco Energy - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Simpson Spence & Young - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kalimantan Lumbung Energi - Indonesia
- Electricity Generating Authority of Thailand
- Grasim Industreis Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- South Luzon Thermal Energy Corporation
- GVK Power & Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Krishnapatnam Port Company Ltd. - India
- Larsen & Toubro Limited - India
- Barasentosa Lestari - Indonesia
- New Zealand Coal & Carbon
- Directorate General of MIneral and Coal - Indonesia
- Deloitte Consulting - India
- Independent Power Producers Association of India
- Siam City Cement - Thailand
- Kumho Petrochemical, South Korea
- Miang Besar Coal Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Therma Luzon, Inc, Philippines
- Marubeni Corporation - India
- Gujarat Sidhee Cement - India
- Formosa Plastics Group - Taiwan
- Port Waratah Coal Services - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Antam Resourcindo - Indonesia
- Karaikal Port Pvt Ltd - India
- Edison Trading Spa - Italy
- Chamber of Mines of South Africa
- PetroVietnam Power Coal Import and Supply Company
- Mercuria Energy - Indonesia
- Australian Coal Association
- Indo Tambangraya Megah - Indonesia
- San Jose City I Power Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Sojitz Corporation - Japan
- Indonesian Coal Mining Association
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- Rashtriya Ispat Nigam Limited - India
- Sakthi Sugars Limited - India
- Sindya Power Generating Company Private Ltd
- Jorong Barutama Greston.PT - Indonesia
- Bharathi Cement Corporation - India
- Romanian Commodities Exchange
- ICICI Bank Limited - India
- Merrill Lynch Commodities Europe
- Jindal Steel & Power Ltd - India
- Dalmia Cement Bharat India
- Oldendorff Carriers - Singapore
- Bhushan Steel Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Mintek Dendrill Indonesia
- Sarangani Energy Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Heidelberg Cement - Germany
- AsiaOL BioFuels Corp., Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Georgia Ports Authority, United States
- Energy Link Ltd, New Zealand
- Aditya Birla Group - India
- Parliament of New Zealand
- Straits Asia Resources Limited - Singapore
- Neyveli Lignite Corporation Ltd, - India
- The State Trading Corporation of India Ltd
- Gujarat Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Pendopo Energi Batubara - Indonesia
- Salva Resources Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Africa Commodities Group - South Africa
- Banpu Public Company Limited - Thailand
- Manunggal Multi Energi - Indonesia
- Eastern Coal Council - USA
- Carbofer General Trading SA - India
- Chettinad Cement Corporation Ltd - India
- European Bulk Services B.V. - Netherlands
- Bukit Baiduri Energy - Indonesia
- Orica Australia Pty. Ltd.
- Kartika Selabumi Mining - Indonesia
- Rio Tinto Coal - Australia
- Indika Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Australian Commodity Traders Exchange
- Economic Council, Georgia
- Bahari Cakrawala Sebuku - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sree Jayajothi Cements Limited - India
- TeaM Sual Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Goldman Sachs - Singapore
- Agrawal Coal Company - India
- Planning Commission, India
- Indian Oil Corporation Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
- Orica Mining Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
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