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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, 07 April 21
MARKET INSIGHT - INTERMODAL
Following the end of the catholic easter, during which the majority of shipping market participants were on holidays, it is interesting to note a f ...
Wednesday, 07 April 21
COAL USED TO GENERATE ELECTRIC POWER IN U.S. WILL INCREASE BY 13 PERCENT TO 495 MMST IN 2021 - EIA
EIA expects U.S. coal production to total 585 MMst in 2021, 46 MMst (9%) more than in 2020. In 2022, EIA expects coal production to grow by an addi ...
Wednesday, 31 March 21
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.12 PCT - XINHUA
China Taiyuan coal transaction price index stood at 139.03 points Monday, up 0.12 percent week on week.
The index, released by China ...
Wednesday, 31 March 21
MARKET INSIGHT - INTERMODAL
Over the past week, the biggest story has been the blockage of the Suez Canal, as a result of the grounding of the container ship Ever Given. At th ...
Monday, 29 March 21
MOODY'S: OUTLOOK FOR GLOBAL METALS AND MINING INDUSTRY TURNS POSITIVE ON HIGHER EBITDA IN PANDEMIC'S WAKE
- Demand for steel, iron ore and copper will rise, while aluminum, nickel and zinc will remain in surplus
- EBITDA is expected to ...
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- Global Coal Blending Company Limited - Australia
- Bhushan Steel Limited - India
- Vedanta Resources Plc - India
- Trasteel International SA, Italy
- Leighton Contractors Pty Ltd - Australia
- Indogreen Group - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kartika Selabumi Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Grasim Industreis Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Larsen & Toubro Limited - India
- Bharathi Cement Corporation - India
- Tata Chemicals Ltd - India
- Parliament of New Zealand
- SMC Global Power, Philippines
- Bayan Resources Tbk. - Indonesia
- Essar Steel Hazira Ltd - India
- Oldendorff Carriers - Singapore
- Economic Council, Georgia
- Bukit Makmur.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Pendopo Energi Batubara - Indonesia
- Edison Trading Spa - Italy
- Kumho Petrochemical, South Korea
- Thiess Contractors Indonesia
- Intertek Mineral Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- Renaissance Capital - South Africa
- Agrawal Coal Company - India
- Eastern Energy - Thailand
- Kaltim Prima Coal - Indonesia
- Global Business Power Corporation, Philippines
- Electricity Authority, New Zealand
- ASAPP Information Group - India
- Billiton Holdings Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PTC India Limited - India
- Australian Commodity Traders Exchange
- TNB Fuel Sdn Bhd - Malaysia
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Meenaskhi Energy Private Limited - India
- McConnell Dowell - Australia
- Straits Asia Resources Limited - Singapore
- Madhucon Powers Ltd - India
- European Bulk Services B.V. - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Cigading International Bulk Terminal - Indonesia
- Singapore Mercantile Exchange
- Aditya Birla Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Port Waratah Coal Services - Australia
- Sojitz Corporation - Japan
- India Bulls Power Limited - India
- Mercator Lines Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Metalloyd Limited - United Kingdom
- Energy Link Ltd, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Transport, Egypt
- Toyota Tsusho Corporation, Japan
- Krishnapatnam Port Company Ltd. - India
- Vizag Seaport Private Limited - India
- Commonwealth Bank - Australia
- PNOC Exploration Corporation - Philippines
- Indian Oil Corporation Limited
- Ind-Barath Power Infra Limited - India
- Borneo Indobara - Indonesia
- Ministry of Finance - Indonesia
- VISA Power Limited - India
- Africa Commodities Group - South Africa
- New Zealand Coal & Carbon
- Price Waterhouse Coopers - Russia
- Chamber of Mines of South Africa
- Bhatia International Limited - India
- Directorate Of Revenue Intelligence - India
- Rio Tinto Coal - Australia
- Jorong Barutama Greston.PT - Indonesia
- Jindal Steel & Power Ltd - India
- Bukit Baiduri Energy - Indonesia
- Siam City Cement PLC, Thailand
- Sical Logistics Limited - India
- Carbofer General Trading SA - India
- Semirara Mining Corp, Philippines
- Interocean Group of Companies - India
- Global Green Power PLC Corporation, Philippines
- Malabar Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- IHS Mccloskey Coal Group - USA
- SN Aboitiz Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- Timah Investasi Mineral - Indoneisa
- Lanco Infratech Ltd - India
- Kobexindo Tractors - Indoneisa
- South Luzon Thermal Energy Corporation
- Anglo American - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Kepco SPC Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Aboitiz Power Corporation - Philippines
- London Commodity Brokers - England
- GVK Power & Infra Limited - India
- Electricity Generating Authority of Thailand
- Karbindo Abesyapradhi - Indoneisa
- Sarangani Energy Corporation, Philippines
- Riau Bara Harum - Indonesia
- Gujarat Sidhee Cement - India
- Baramulti Group, Indonesia
- Kideco Jaya Agung - Indonesia
- Eastern Coal Council - USA
- Star Paper Mills Limited - India
- GAC Shipping (India) Pvt Ltd
- OPG Power Generation Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Karaikal Port Pvt Ltd - India
- CNBM International Corporation - China
- Barasentosa Lestari - Indonesia
- Heidelberg Cement - Germany
- Ambuja Cements Ltd - India
- Wilmar Investment Holdings
- Medco Energi Mining Internasional
- San Jose City I Power Corp, Philippines
- Coalindo Energy - Indonesia
- Attock Cement Pakistan Limited
- Energy Development Corp, Philippines
- Tamil Nadu electricity Board
- Bangladesh Power Developement Board
- Romanian Commodities Exchange
- Posco Energy - South Korea
- The Treasury - Australian Government
- Makarim & Taira - Indonesia
- Binh Thuan Hamico - Vietnam
- Orica Australia Pty. Ltd.
- Deloitte Consulting - India
- Iligan Light & Power Inc, Philippines
- Xindia Steels Limited - India
- Parry Sugars Refinery, India
- Petrochimia International Co. Ltd.- Taiwan
- Antam Resourcindo - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Petron Corporation, Philippines
- Indian Energy Exchange, India
- Uttam Galva Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- White Energy Company Limited
- CIMB Investment Bank - Malaysia
- The State Trading Corporation of India Ltd
- Indo Tambangraya Megah - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- MS Steel International - UAE
- Australian Coal Association
- Therma Luzon, Inc, Philippines
- Marubeni Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Bulk Trading Sa - Switzerland
- Altura Mining Limited, Indonesia
- Mjunction Services Limited - India
- Savvy Resources Ltd - HongKong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indika Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement - Thailand
- Coastal Gujarat Power Limited - India
- Mercuria Energy - Indonesia
- PowerSource Philippines DevCo
- Cement Manufacturers Association - India
- Power Finance Corporation Ltd., India
- Ministry of Mines - Canada
- GN Power Mariveles Coal Plant, Philippines
- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
- Mintek Dendrill Indonesia
- Minerals Council of Australia
- ICICI Bank Limited - India
- Kapuas Tunggal Persada - Indonesia
- Georgia Ports Authority, United States
- Semirara Mining and Power Corporation, Philippines
- Dalmia Cement Bharat India
- Holcim Trading Pte Ltd - Singapore
- Wood Mackenzie - Singapore
- LBH Netherlands Bv - Netherlands
- Bhoruka Overseas - Indonesia
- GMR Energy Limited - India
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- Manunggal Multi Energi - Indonesia
- Videocon Industries ltd - India
- The University of Queensland
- Orica Mining Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- SMG Consultants - Indonesia
- Standard Chartered Bank - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Independent Power Producers Association of India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Formosa Plastics Group - Taiwan
- Sinarmas Energy and Mining - Indonesia
- Sakthi Sugars Limited - India
- Central Electricity Authority - India
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
- Planning Commission, India
- Asmin Koalindo Tuhup - Indonesia
- Banpu Public Company Limited - Thailand
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