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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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Tuesday, 23 March 21
LOWER WHOLESALE PRICES PUT PRESSURE ON AUSTRALIAN ENERGY RETAILERS - FITCH RATINGS
Fitch Ratings expects the low wholesale energy prices in the Australian National Energy Market to persist through to 2022, which will affect electr ...
Tuesday, 23 March 21
SCRUBBER-FITTED SHIPS NEARLY DOUBLE AS FUEL SPREAD SETTLES AT $118 PER MT - PETER SAND
As the lion’s share of the world fleet replaced high-sulphur fuel oil (HSFO) with low-sulphur fuel oil (LFSO) as a mean of propulsion to be c ...
Tuesday, 23 March 21
CHINA'S COAL OUTPUT EDGES UP IN FIRST TWO MONTHS - XINHUA
China’s raw coal output rose 25 percent year on year to 620 million tonnes in the first two months of 2021, official data showed.
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Wednesday, 17 March 21
MARKET INSIGHT - INTERMODAL
Shipping market players are familiar with the inverse correlation between the freight market and demolition activity i.e. when the market picks up ...
Friday, 12 March 21
INDIA SHOULD FOCUS ON REDUCING COAL POWER GENERATION INSTEAD OF CAPACITY - IEEFA
Nearly half of existing coal power in India is more expensive than new renewable power
To get to its ambitious climate targets, Indi ...
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- White Energy Company Limited
- Singapore Mercantile Exchange
- Bangladesh Power Developement Board
- Larsen & Toubro Limited - India
- Eastern Energy - Thailand
- Oldendorff Carriers - Singapore
- Ambuja Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- GVK Power & Infra Limited - India
- Essar Steel Hazira Ltd - India
- Vizag Seaport Private Limited - India
- Dalmia Cement Bharat India
- Global Business Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Romanian Commodities Exchange
- Metalloyd Limited - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Global Green Power PLC Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Economic Council, Georgia
- Siam City Cement - Thailand
- Thiess Contractors Indonesia
- Gujarat Mineral Development Corp Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- OPG Power Generation Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- London Commodity Brokers - England
- Alfred C Toepfer International GmbH - Germany
- Videocon Industries ltd - India
- Medco Energi Mining Internasional
- Indika Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Therma Luzon, Inc, Philippines
- Samtan Co., Ltd - South Korea
- Central Java Power - Indonesia
- Power Finance Corporation Ltd., India
- Xindia Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maheswari Brothers Coal Limited - India
- Attock Cement Pakistan Limited
- Indonesian Coal Mining Association
- PTC India Limited - India
- Kaltim Prima Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Merrill Lynch Commodities Europe
- Globalindo Alam Lestari - Indonesia
- GMR Energy Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Port Waratah Coal Services - Australia
- The Treasury - Australian Government
- Posco Energy - South Korea
- Central Electricity Authority - India
- McConnell Dowell - Australia
- Meralco Power Generation, Philippines
- Makarim & Taira - Indonesia
- Standard Chartered Bank - UAE
- Timah Investasi Mineral - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Energy Development Corp, Philippines
- Ministry of Finance - Indonesia
- Uttam Galva Steels Limited - India
- Latin American Coal - Colombia
- Sinarmas Energy and Mining - Indonesia
- VISA Power Limited - India
- Intertek Mineral Services - Indonesia
- Marubeni Corporation - India
- CNBM International Corporation - China
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhushan Steel Limited - India
- San Jose City I Power Corp, Philippines
- Bulk Trading Sa - Switzerland
- Aboitiz Power Corporation - Philippines
- Independent Power Producers Association of India
- GN Power Mariveles Coal Plant, Philippines
- Jaiprakash Power Ventures ltd
- Petrochimia International Co. Ltd.- Taiwan
- PowerSource Philippines DevCo
- GAC Shipping (India) Pvt Ltd
- Sree Jayajothi Cements Limited - India
- Toyota Tsusho Corporation, Japan
- Altura Mining Limited, Indonesia
- Mercuria Energy - Indonesia
- Electricity Generating Authority of Thailand
- Sical Logistics Limited - India
- Antam Resourcindo - Indonesia
- The University of Queensland
- Indogreen Group - Indonesia
- Commonwealth Bank - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Directorate Of Revenue Intelligence - India
- Sarangani Energy Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Semirara Mining Corp, Philippines
- Coal and Oil Company - UAE
- International Coal Ventures Pvt Ltd - India
- Bharathi Cement Corporation - India
- Africa Commodities Group - South Africa
- Tamil Nadu electricity Board
- Indian Oil Corporation Limited
- SMC Global Power, Philippines
- Lanco Infratech Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Formosa Plastics Group - Taiwan
- Chettinad Cement Corporation Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Orica Australia Pty. Ltd.
- Indian Energy Exchange, India
- Electricity Authority, New Zealand
- Straits Asia Resources Limited - Singapore
- Baramulti Group, Indonesia
- Petron Corporation, Philippines
- Borneo Indobara - Indonesia
- Interocean Group of Companies - India
- ICICI Bank Limited - India
- Salva Resources Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Karaikal Port Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Ind-Barath Power Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Ministry of Transport, Egypt
- Mintek Dendrill Indonesia
- Savvy Resources Ltd - HongKong
- Orica Mining Services - Indonesia
- Mercator Lines Limited - India
- Indo Tambangraya Megah - Indonesia
- Grasim Industreis Ltd - India
- Kobexindo Tractors - Indoneisa
- Banpu Public Company Limited - Thailand
- IEA Clean Coal Centre - UK
- Heidelberg Cement - Germany
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- Price Waterhouse Coopers - Russia
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Jindal Steel & Power Ltd - India
- South Luzon Thermal Energy Corporation
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Parry Sugars Refinery, India
- Riau Bara Harum - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parliament of New Zealand
- Edison Trading Spa - Italy
- Star Paper Mills Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Agrawal Coal Company - India
- Wood Mackenzie - Singapore
- Planning Commission, India
- Trasteel International SA, Italy
- Kartika Selabumi Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Barasentosa Lestari - Indonesia
- Deloitte Consulting - India
- Bukit Makmur.PT - Indonesia
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
- Iligan Light & Power Inc, Philippines
- Georgia Ports Authority, United States
- Bayan Resources Tbk. - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Australian Coal Association
- Malabar Cements Ltd - India
- Minerals Council of Australia
- LBH Netherlands Bv - Netherlands
- Australian Commodity Traders Exchange
- Vedanta Resources Plc - India
- Kalimantan Lumbung Energi - Indonesia
- New Zealand Coal & Carbon
- Coastal Gujarat Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Madhucon Powers Ltd - India
- Aditya Birla Group - India
- Gujarat Sidhee Cement - India
- Energy Link Ltd, New Zealand
- ASAPP Information Group - India
- Pendopo Energi Batubara - Indonesia
- Chamber of Mines of South Africa
- TeaM Sual Corporation - Philippines
- SMG Consultants - Indonesia
- Mjunction Services Limited - India
- Sakthi Sugars Limited - India
- Cigading International Bulk Terminal - Indonesia
- MS Steel International - UAE
- Semirara Mining and Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Renaissance Capital - South Africa
- Kepco SPC Power Corporation, Philippines
- Anglo American - United Kingdom
- India Bulls Power Limited - India
- Coalindo Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Bhatia International Limited - India
- Kumho Petrochemical, South Korea
- Directorate General of MIneral and Coal - Indonesia
- Wilmar Investment Holdings
- Siam City Cement PLC, Thailand
- Thai Mozambique Logistica
- Maharashtra Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Carbofer General Trading SA - India
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