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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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Friday, 13 November 20
SHIPPING OUTLOOK TURNS STABLE ON EBITDA GROWTH, IMPROVING SUPPLY-DEMAND BALANCE - MOODY’S
Outlook revised to stable from negative.
The global shipping industry is on course to perform better overall than we had previously ex ...
Friday, 13 November 20
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Monday, 09 November 20
INDONESIA MAY CUT BIODIESEL USE TARGET AS SUBSIDY FUND DEPLETES - FITCH
The Indonesian government may rein in its push to increase use of biodiesel as it now comes at higher cost following a fall in crude oil prices and ...
Monday, 09 November 20
SOUTH AFRICA: COAL MARKET CONDITIONS HAVE ' DETERIORATED MATERIALLY' - IEEFA
The Asian seaborne thermal coal pool is drying out
Resource Generation Ltd’s proposed but long delayed Boikarabelo coal mine i ...
Friday, 06 November 20
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
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- Eastern Energy - Thailand
- Malabar Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- McConnell Dowell - Australia
- South Luzon Thermal Energy Corporation
- Sakthi Sugars Limited - India
- White Energy Company Limited
- Georgia Ports Authority, United States
- ICICI Bank Limited - India
- Central Electricity Authority - India
- Global Coal Blending Company Limited - Australia
- Romanian Commodities Exchange
- Deloitte Consulting - India
- Planning Commission, India
- Neyveli Lignite Corporation Ltd, - India
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
- Parry Sugars Refinery, India
- Straits Asia Resources Limited - Singapore
- Madhucon Powers Ltd - India
- Bharathi Cement Corporation - India
- International Coal Ventures Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- SMG Consultants - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kumho Petrochemical, South Korea
- Gujarat Mineral Development Corp Ltd - India
- Kideco Jaya Agung - Indonesia
- PTC India Limited - India
- Mercuria Energy - Indonesia
- Energy Link Ltd, New Zealand
- The Treasury - Australian Government
- Ceylon Electricity Board - Sri Lanka
- Makarim & Taira - Indonesia
- Globalindo Alam Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Jaiprakash Power Ventures ltd
- Thai Mozambique Logistica
- Singapore Mercantile Exchange
- Indika Energy - Indonesia
- The University of Queensland
- Siam City Cement - Thailand
- Edison Trading Spa - Italy
- Heidelberg Cement - Germany
- Mercator Lines Limited - India
- Thiess Contractors Indonesia
- Orica Mining Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- GVK Power & Infra Limited - India
- Interocean Group of Companies - India
- Global Business Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Bhushan Steel Limited - India
- Rio Tinto Coal - Australia
- Borneo Indobara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Jindal Steel & Power Ltd - India
- London Commodity Brokers - England
- ASAPP Information Group - India
- Anglo American - United Kingdom
- San Jose City I Power Corp, Philippines
- Central Java Power - Indonesia
- Bayan Resources Tbk. - Indonesia
- Kartika Selabumi Mining - Indonesia
- Xindia Steels Limited - India
- Africa Commodities Group - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Posco Energy - South Korea
- New Zealand Coal & Carbon
- Rashtriya Ispat Nigam Limited - India
- Therma Luzon, Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Power Finance Corporation Ltd., India
- Pendopo Energi Batubara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Billiton Holdings Pty Ltd - Australia
- Agrawal Coal Company - India
- Vijayanagar Sugar Pvt Ltd - India
- Bangladesh Power Developement Board
- Commonwealth Bank - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petrochimia International Co. Ltd.- Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Price Waterhouse Coopers - Russia
- Mintek Dendrill Indonesia
- Star Paper Mills Limited - India
- Goldman Sachs - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Directorate General of MIneral and Coal - Indonesia
- Tata Chemicals Ltd - India
- Cement Manufacturers Association - India
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- Dalmia Cement Bharat India
- GMR Energy Limited - India
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Petron Corporation, Philippines
- Videocon Industries ltd - India
- SN Aboitiz Power Inc, Philippines
- Mjunction Services Limited - India
- Energy Development Corp, Philippines
- Wood Mackenzie - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Meralco Power Generation, Philippines
- Savvy Resources Ltd - HongKong
- PNOC Exploration Corporation - Philippines
- Vizag Seaport Private Limited - India
- Australian Coal Association
- LBH Netherlands Bv - Netherlands
- Salva Resources Pvt Ltd - India
- Ministry of Mines - Canada
- Renaissance Capital - South Africa
- MS Steel International - UAE
- CNBM International Corporation - China
- Barasentosa Lestari - Indonesia
- Latin American Coal - Colombia
- Altura Mining Limited, Indonesia
- Riau Bara Harum - Indonesia
- Formosa Plastics Group - Taiwan
- Binh Thuan Hamico - Vietnam
- Maheswari Brothers Coal Limited - India
- GAC Shipping (India) Pvt Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Trasteel International SA, Italy
- Krishnapatnam Port Company Ltd. - India
- Parliament of New Zealand
- Chamber of Mines of South Africa
- Indian Energy Exchange, India
- Baramulti Group, Indonesia
- Bhoruka Overseas - Indonesia
- Manunggal Multi Energi - Indonesia
- Economic Council, Georgia
- Kaltim Prima Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Medco Energi Mining Internasional
- Wilmar Investment Holdings
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Oil Corporation Limited
- Kobexindo Tractors - Indoneisa
- Bukit Makmur.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Orica Australia Pty. Ltd.
- Standard Chartered Bank - UAE
- Karaikal Port Pvt Ltd - India
- Sical Logistics Limited - India
- SMC Global Power, Philippines
- Intertek Mineral Services - Indonesia
- Sree Jayajothi Cements Limited - India
- Indonesian Coal Mining Association
- Aditya Birla Group - India
- Kapuas Tunggal Persada - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Lanco Infratech Ltd - India
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- Ministry of Finance - Indonesia
- Semirara Mining Corp, Philippines
- Vedanta Resources Plc - India
- Coal and Oil Company - UAE
- CIMB Investment Bank - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- India Bulls Power Limited - India
- Electricity Generating Authority of Thailand
- The State Trading Corporation of India Ltd
- Antam Resourcindo - Indonesia
- Uttam Galva Steels Limited - India
- PowerSource Philippines DevCo
- Simpson Spence & Young - Indonesia
- Indogreen Group - Indonesia
- Banpu Public Company Limited - Thailand
- Independent Power Producers Association of India
- Semirara Mining and Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Ministry of Transport, Egypt
- Meenaskhi Energy Private Limited - India
- Samtan Co., Ltd - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Grasim Industreis Ltd - India
- Sindya Power Generating Company Private Ltd
- Iligan Light & Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Minerals Council of Australia
- Indo Tambangraya Megah - Indonesia
- Marubeni Corporation - India
- Toyota Tsusho Corporation, Japan
- OPG Power Generation Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Holcim Trading Pte Ltd - Singapore
- Ambuja Cements Ltd - India
- Gujarat Sidhee Cement - India
- Tamil Nadu electricity Board
- Bhatia International Limited - India
- Directorate Of Revenue Intelligence - India
- TeaM Sual Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Sarangani Energy Corporation, Philippines
- Oldendorff Carriers - Singapore
- Port Waratah Coal Services - Australia
- Electricity Authority, New Zealand
- VISA Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Sojitz Corporation - Japan
- Merrill Lynch Commodities Europe
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