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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, 19 August 20
MISC MARKS ITS MAIDEN FORAY INTO MAJOR DEEP-WATER PROJECT IN LATIN AMERICA WITH MERO 3 FPSO
MISC Berhad (MISC) is pleased to announce its acceptance of Letter of Intent (LOI) from Petróleo Brasileiro S.A. (Petrobras) for the provisi ...
Wednesday, 19 August 20
MARKET INSIGHT - GEORGE LAIOS | INTERMODAL
Since the Covid-19 outbreak, governments and central banks around the globe have been using their ammunition and stimulus packages to keep their ec ...
Wednesday, 19 August 20
INDIA SAW A SHARP DECLINE IN ENERGY COAL IMPORTS IN JANUARY - JUNE 2020; –27 PER CENT YOY - BHP
Energy coal prices were weak in the second half of financial year 2020, BHP says in its Economic and Commodity Outlook FY20.
Accordi ...
Wednesday, 19 August 20
COAL PRICES TO REMAIN SUBDUED THIS FISCAL AMID WEAK DEMAND, HIGH INVENTORY - THE HINDU BUSINESS LINE
Coal offtake is improving gradually as lockdown eases
Coal prices are expected to remain subdued to weak demand and high inventory l ...
Tuesday, 18 August 20
BLACKBALLED: WILL COAL BOUNCE BACK FROM SLUMP OR IS IT TERMINAL? - SYDNEY MORNING HERALD
Even by the standards of this miserable year, 2020 has been a shocker for the global coal industry.
As the lockdown kicked in demand ...
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- ASAPP Information Group - India
- Karbindo Abesyapradhi - Indoneisa
- Metalloyd Limited - United Kingdom
- Bhoruka Overseas - Indonesia
- Edison Trading Spa - Italy
- Asmin Koalindo Tuhup - Indonesia
- Singapore Mercantile Exchange
- Sical Logistics Limited - India
- Sinarmas Energy and Mining - Indonesia
- Central Java Power - Indonesia
- Sakthi Sugars Limited - India
- Meralco Power Generation, Philippines
- Ministry of Transport, Egypt
- Timah Investasi Mineral - Indoneisa
- Port Waratah Coal Services - Australia
- Electricity Generating Authority of Thailand
- Globalindo Alam Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Kapuas Tunggal Persada - Indonesia
- New Zealand Coal & Carbon
- Price Waterhouse Coopers - Russia
- Goldman Sachs - Singapore
- Attock Cement Pakistan Limited
- Antam Resourcindo - Indonesia
- Wilmar Investment Holdings
- CNBM International Corporation - China
- Straits Asia Resources Limited - Singapore
- Aboitiz Power Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Baramulti Group, Indonesia
- Star Paper Mills Limited - India
- European Bulk Services B.V. - Netherlands
- Agrawal Coal Company - India
- Meenaskhi Energy Private Limited - India
- Coastal Gujarat Power Limited - India
- Posco Energy - South Korea
- Orica Mining Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Medco Energi Mining Internasional
- Kaltim Prima Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Bhatia International Limited - India
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- Bukit Makmur.PT - Indonesia
- Siam City Cement - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Romanian Commodities Exchange
- Carbofer General Trading SA - India
- India Bulls Power Limited - India
- VISA Power Limited - India
- Sree Jayajothi Cements Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Merrill Lynch Commodities Europe
- Jaiprakash Power Ventures ltd
- Kideco Jaya Agung - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Electricity Authority, New Zealand
- MS Steel International - UAE
- Independent Power Producers Association of India
- Thiess Contractors Indonesia
- Ministry of Finance - Indonesia
- Bayan Resources Tbk. - Indonesia
- Vedanta Resources Plc - India
- Indogreen Group - Indonesia
- Energy Development Corp, Philippines
- PTC India Limited - India
- Jorong Barutama Greston.PT - Indonesia
- The University of Queensland
- Malabar Cements Ltd - India
- Bharathi Cement Corporation - India
- Sarangani Energy Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- PowerSource Philippines DevCo
- Salva Resources Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Bhushan Steel Limited - India
- PNOC Exploration Corporation - Philippines
- Mercator Lines Limited - India
- Aditya Birla Group - India
- London Commodity Brokers - England
- Holcim Trading Pte Ltd - Singapore
- Toyota Tsusho Corporation, Japan
- Kartika Selabumi Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Ambuja Cements Ltd - India
- Rio Tinto Coal - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coal and Oil Company - UAE
- Deloitte Consulting - India
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Tata Chemicals Ltd - India
- Africa Commodities Group - South Africa
- Mercuria Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Power Finance Corporation Ltd., India
- Indo Tambangraya Megah - Indonesia
- Australian Commodity Traders Exchange
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
- Maheswari Brothers Coal Limited - India
- Tamil Nadu electricity Board
- Pipit Mutiara Jaya. PT, Indonesia
- Global Coal Blending Company Limited - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Simpson Spence & Young - Indonesia
- Kepco SPC Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- South Luzon Thermal Energy Corporation
- Central Electricity Authority - India
- Siam City Cement PLC, Thailand
- Energy Link Ltd, New Zealand
- Interocean Group of Companies - India
- Uttam Galva Steels Limited - India
- Wood Mackenzie - Singapore
- AsiaOL BioFuels Corp., Philippines
- ICICI Bank Limited - India
- Marubeni Corporation - India
- Latin American Coal - Colombia
- Commonwealth Bank - Australia
- Binh Thuan Hamico - Vietnam
- GMR Energy Limited - India
- Indika Energy - Indonesia
- McConnell Dowell - Australia
- Chamber of Mines of South Africa
- Samtan Co., Ltd - South Korea
- Parry Sugars Refinery, India
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Renaissance Capital - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Trasteel International SA, Italy
- CIMB Investment Bank - Malaysia
- Indonesian Coal Mining Association
- Directorate General of MIneral and Coal - Indonesia
- Georgia Ports Authority, United States
- Parliament of New Zealand
- Therma Luzon, Inc, Philippines
- Semirara Mining Corp, Philippines
- SMG Consultants - Indonesia
- Kumho Petrochemical, South Korea
- TeaM Sual Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Rashtriya Ispat Nigam Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- Bulk Trading Sa - Switzerland
- Petron Corporation, Philippines
- Banpu Public Company Limited - Thailand
- San Jose City I Power Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Ministry of Mines - Canada
- Krishnapatnam Port Company Ltd. - India
- Gujarat Mineral Development Corp Ltd - India
- Cement Manufacturers Association - India
- Vizag Seaport Private Limited - India
- Formosa Plastics Group - Taiwan
- OPG Power Generation Pvt Ltd - India
- Indian Energy Exchange, India
- Mintek Dendrill Indonesia
- IEA Clean Coal Centre - UK
- Mjunction Services Limited - India
- Sojitz Corporation - Japan
- Minerals Council of Australia
- Miang Besar Coal Terminal - Indonesia
- Australian Coal Association
- GVK Power & Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Videocon Industries ltd - India
- Economic Council, Georgia
- Planning Commission, India
- Karaikal Port Pvt Ltd - India
- Borneo Indobara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bangladesh Power Developement Board
- Sindya Power Generating Company Private Ltd
- The Treasury - Australian Government
- Madhucon Powers Ltd - India
- Orica Australia Pty. Ltd.
- Ceylon Electricity Board - Sri Lanka
- SMC Global Power, Philippines
- Barasentosa Lestari - Indonesia
- Thai Mozambique Logistica
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- PetroVietnam Power Coal Import and Supply Company
- Xindia Steels Limited - India
- Altura Mining Limited, Indonesia
- White Energy Company Limited
- Neyveli Lignite Corporation Ltd, - India
- Manunggal Multi Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Ind-Barath Power Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Indian Oil Corporation Limited
- SN Aboitiz Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Anglo American - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Makarim & Taira - Indonesia
- Oldendorff Carriers - Singapore
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