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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 $410.45 per ton on Tuesday on ICE Futures Europe, and touched a record earlier this year. European coal futures for next year rallied to an all-time high on Tuesday as Russia threatens to curb gas supplies to the continent, as reported by Bloomberg
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Wednesday, 10 February 21
MARKET INSIGHT - INTERMODAL
We have just entered February, Chinese New Year holidays are about to start and the SnP market for bulkers is so hot as every seller would dream of ...
Tuesday, 09 February 21
SWITCHING COAL PLANTS TO PLN'S BIOMASS COFIRING PLAN IS NO MAGIC BULLET - IEEFA
Implementation risks for Indonesia PLN's switch from coal to biomass cofiring
PLN’s biomass cofiring plan will require not ...
Friday, 05 February 21
THE INDONESIA COAL PRICE REFERENCE FOR FEBRUARY 2021 SETTLES AT US$ 87.79 PER TON FOB VESSEL
COALspot.com: The Indonesia coal price reference for February 2021 settles at US$ 87.79 per ton FOB vessel. The February reference price is the hig ...
Thursday, 04 February 21
WHY BANGLADESH SHOULDN’T COUNT ON A FOSSIL FUEL FUTURE - IEEFA
Around US$50 billion of LNG projects in Asia at risk of cancellation
Two astonishing figures have circulated in the Asian energy sector in the ...
Wednesday, 03 February 21
INDONESIA TO EXPORT 395 MILLION TONS OF COAL IN 2021 - ESDM
Data from the Ministry of Energy and Mineral Resources shows that, Indonesia is planning to produce 550 million Ton of coal in 2021 and as of t ...
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- Aditya Birla Group - India
- Krishnapatnam Port Company Ltd. - India
- Bukit Baiduri Energy - Indonesia
- The State Trading Corporation of India Ltd
- GN Power Mariveles Coal Plant, Philippines
- Manunggal Multi Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Wilmar Investment Holdings
- Edison Trading Spa - Italy
- Bangladesh Power Developement Board
- Grasim Industreis Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Africa Commodities Group - South Africa
- Straits Asia Resources Limited - Singapore
- Borneo Indobara - Indonesia
- Kepco SPC Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Tata Chemicals Ltd - India
- Lanco Infratech Ltd - India
- Malabar Cements Ltd - India
- Indian Energy Exchange, India
- Leighton Contractors Pty Ltd - Australia
- Indian Oil Corporation Limited
- Semirara Mining Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Asmin Koalindo Tuhup - Indonesia
- Commonwealth Bank - Australia
- Bulk Trading Sa - Switzerland
- Medco Energi Mining Internasional
- CNBM International Corporation - China
- IEA Clean Coal Centre - UK
- Altura Mining Limited, Indonesia
- Kideco Jaya Agung - Indonesia
- TeaM Sual Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- London Commodity Brokers - England
- Renaissance Capital - South Africa
- Sical Logistics Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- SMG Consultants - Indonesia
- White Energy Company Limited
- Kalimantan Lumbung Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Ambuja Cements Ltd - India
- Attock Cement Pakistan Limited
- European Bulk Services B.V. - Netherlands
- ICICI Bank Limited - India
- Rashtriya Ispat Nigam Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Standard Chartered Bank - UAE
- PetroVietnam Power Coal Import and Supply Company
- Wood Mackenzie - Singapore
- Agrawal Coal Company - India
- Sindya Power Generating Company Private Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Bhatia International Limited - India
- Kaltim Prima Coal - Indonesia
- Madhucon Powers Ltd - India
- Minerals Council of Australia
- Semirara Mining and Power Corporation, Philippines
- Ministry of Transport, Egypt
- Cement Manufacturers Association - India
- Merrill Lynch Commodities Europe
- Petron Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Trasteel International SA, Italy
- Orica Australia Pty. Ltd.
- Directorate Of Revenue Intelligence - India
- Indo Tambangraya Megah - Indonesia
- Romanian Commodities Exchange
- Aboitiz Power Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Mjunction Services Limited - India
- AsiaOL BioFuels Corp., Philippines
- Coalindo Energy - Indonesia
- Parliament of New Zealand
- South Luzon Thermal Energy Corporation
- Heidelberg Cement - Germany
- Energy Link Ltd, New Zealand
- San Jose City I Power Corp, Philippines
- Mintek Dendrill Indonesia
- Sree Jayajothi Cements Limited - India
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
- Dalmia Cement Bharat India
- Barasentosa Lestari - Indonesia
- Ministry of Finance - Indonesia
- Pendopo Energi Batubara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Posco Energy - South Korea
- Tamil Nadu electricity Board
- Globalindo Alam Lestari - Indonesia
- New Zealand Coal & Carbon
- PNOC Exploration Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Central Java Power - Indonesia
- Thiess Contractors Indonesia
- Videocon Industries ltd - India
- Economic Council, Georgia
- Meenaskhi Energy Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- MS Steel International - UAE
- Bharathi Cement Corporation - India
- Vizag Seaport Private Limited - India
- Oldendorff Carriers - Singapore
- Central Electricity Authority - India
- Timah Investasi Mineral - Indoneisa
- Baramulti Group, Indonesia
- Formosa Plastics Group - Taiwan
- Latin American Coal - Colombia
- Bahari Cakrawala Sebuku - Indonesia
- Coal and Oil Company - UAE
- Eastern Coal Council - USA
- Electricity Authority, New Zealand
- Energy Development Corp, Philippines
- GMR Energy Limited - India
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- India Bulls Power Limited - India
- Marubeni Corporation - India
- Larsen & Toubro Limited - India
- The Treasury - Australian Government
- Singapore Mercantile Exchange
- Maharashtra Electricity Regulatory Commission - India
- VISA Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Xindia Steels Limited - India
- Indika Energy - Indonesia
- Power Finance Corporation Ltd., India
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Rio Tinto Coal - Australia
- Riau Bara Harum - Indonesia
- McConnell Dowell - Australia
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- Essar Steel Hazira Ltd - India
- Vedanta Resources Plc - India
- Kobexindo Tractors - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhushan Steel Limited - India
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Business Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Parry Sugars Refinery, India
- Petrochimia International Co. Ltd.- Taiwan
- Bayan Resources Tbk. - Indonesia
- SMC Global Power, Philippines
- Kumho Petrochemical, South Korea
- Sakthi Sugars Limited - India
- Georgia Ports Authority, United States
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement - Thailand
- Salva Resources Pvt Ltd - India
- PowerSource Philippines DevCo
- Simpson Spence & Young - Indonesia
- Independent Power Producers Association of India
- Mercuria Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sarangani Energy Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Chamber of Mines of South Africa
- Sojitz Corporation - Japan
- GVK Power & Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Indonesian Coal Mining Association
- LBH Netherlands Bv - Netherlands
- Chettinad Cement Corporation Ltd - India
- OPG Power Generation Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Anglo American - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- PTC India Limited - India
- Bukit Makmur.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Green Power PLC Corporation, Philippines
- Electricity Generating Authority of Thailand
- Mercator Lines Limited - India
- Jaiprakash Power Ventures ltd
- Antam Resourcindo - Indonesia
- Meralco Power Generation, Philippines
- Kartika Selabumi Mining - Indonesia
- Australian Commodity Traders Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Mining Services - Indonesia
- Thai Mozambique Logistica
- Toyota Tsusho Corporation, Japan
- Directorate General of MIneral and Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Savvy Resources Ltd - HongKong
- Kapuas Tunggal Persada - Indonesia
- Makarim & Taira - Indonesia
- Gujarat Sidhee Cement - India
- Ind-Barath Power Infra Limited - India
- Metalloyd Limited - United Kingdom
- Bhoruka Overseas - Indonesia
- Uttam Galva Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jindal Steel & Power Ltd - India
- Indogreen Group - Indonesia
- Australian Coal Association
- Eastern Energy - Thailand
- Binh Thuan Hamico - Vietnam
- Siam City Cement PLC, Thailand
- ASAPP Information Group - India
- The University of Queensland
- Iligan Light & Power Inc, Philippines
- Star Paper Mills Limited - India
- Price Waterhouse Coopers - Russia
- Vijayanagar Sugar Pvt Ltd - India
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
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