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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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Monday, 20 July 20
OIL PRICE OF $40-43 PER BARREL MORE OR LESS BALANCED - NOVAK | TASS
The Russian Ministry of Energy considers the current oil price of $40-43 per barrel more or less balanced and does not expect price changes after t ...
Monday, 20 July 20
SUPRAMAX: A 63,000 OPEN NORTH CHINA FIXING AN AUSTRALIAN ROUND IN THE LOW $10,000S - BALTIC BRIEFING
Capesize
The capesize market showed some resistance this week to recent losses as all routes saw a small uptick in value to end the week. With ...
Friday, 17 July 20
MISC MALAYSIA ENTERS INTO PURCHASE AGREEMENTS AND TIME CHARTER PARTIES FOR SIX VLECS
MISC Berhad (MISC) has entered into Memorandum of Agreements (MOAs) with six indirect wholly-owned subsidiaries of Zhejiang Satellite Petrochem ...
Wednesday, 15 July 20
HOW MEANINGFUL ARE SOME ESTIMATES FOR INDIA’S COAL CONSUMPTION DATA? - IEEFA
In recent years, BP's estimates for India have contained what appears to be a record of over-optimistic projections
BP’s a ...
Wednesday, 15 July 20
CHINA'S JUNE COAL IMPORTS FALL 6.7% Y/Y ON PORT CURBS - REUTERS
China’s coal imports dropped 6.7% in June from the same period last year, as stringent import restrictions at ports impeded purchases by trad ...
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- McConnell Dowell - Australia
- TeaM Sual Corporation - Philippines
- The State Trading Corporation of India Ltd
- International Coal Ventures Pvt Ltd - India
- Eastern Energy - Thailand
- New Zealand Coal & Carbon
- Kapuas Tunggal Persada - Indonesia
- PTC India Limited - India
- Price Waterhouse Coopers - Russia
- Thiess Contractors Indonesia
- MS Steel International - UAE
- Karaikal Port Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Port Waratah Coal Services - Australia
- Rashtriya Ispat Nigam Limited - India
- Sinarmas Energy and Mining - Indonesia
- Minerals Council of Australia
- Neyveli Lignite Corporation Ltd, - India
- Sree Jayajothi Cements Limited - India
- Meenaskhi Energy Private Limited - India
- PowerSource Philippines DevCo
- Maharashtra Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- Posco Energy - South Korea
- San Jose City I Power Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- The Treasury - Australian Government
- Kepco SPC Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- LBH Netherlands Bv - Netherlands
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Coalindo Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Binh Thuan Hamico - Vietnam
- Indo Tambangraya Megah - Indonesia
- Indogreen Group - Indonesia
- Parliament of New Zealand
- Vizag Seaport Private Limited - India
- Kumho Petrochemical, South Korea
- India Bulls Power Limited - India
- Trasteel International SA, Italy
- Agrawal Coal Company - India
- Simpson Spence & Young - Indonesia
- Altura Mining Limited, Indonesia
- Coal and Oil Company - UAE
- AsiaOL BioFuels Corp., Philippines
- SN Aboitiz Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Salva Resources Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Anglo American - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Renaissance Capital - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ambuja Cements Ltd - India
- Medco Energi Mining Internasional
- GAC Shipping (India) Pvt Ltd
- SMG Consultants - Indonesia
- Independent Power Producers Association of India
- GVK Power & Infra Limited - India
- Ministry of Mines - Canada
- Latin American Coal - Colombia
- Deloitte Consulting - India
- Siam City Cement PLC, Thailand
- Kalimantan Lumbung Energi - Indonesia
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- Xindia Steels Limited - India
- Mintek Dendrill Indonesia
- Energy Development Corp, Philippines
- Grasim Industreis Ltd - India
- Bhushan Steel Limited - India
- Kideco Jaya Agung - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indika Energy - Indonesia
- Petron Corporation, Philippines
- Indonesian Coal Mining Association
- Ind-Barath Power Infra Limited - India
- Formosa Plastics Group - Taiwan
- Leighton Contractors Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Power Finance Corporation Ltd., India
- Makarim & Taira - Indonesia
- Kaltim Prima Coal - Indonesia
- SMC Global Power, Philippines
- Parry Sugars Refinery, India
- Aditya Birla Group - India
- Sakthi Sugars Limited - India
- Central Electricity Authority - India
- Orica Australia Pty. Ltd.
- Globalindo Alam Lestari - Indonesia
- London Commodity Brokers - England
- Kartika Selabumi Mining - Indonesia
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- Sindya Power Generating Company Private Ltd
- Carbofer General Trading SA - India
- Georgia Ports Authority, United States
- Directorate Of Revenue Intelligence - India
- Directorate General of MIneral and Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Bukit Makmur.PT - Indonesia
- White Energy Company Limited
- Singapore Mercantile Exchange
- Chettinad Cement Corporation Ltd - India
- Planning Commission, India
- Eastern Coal Council - USA
- Alfred C Toepfer International GmbH - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- Global Business Power Corporation, Philippines
- Star Paper Mills Limited - India
- Malabar Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Marubeni Corporation - India
- Wood Mackenzie - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Barasentosa Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Wilmar Investment Holdings
- Petrochimia International Co. Ltd.- Taiwan
- Orica Mining Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Videocon Industries ltd - India
- Ministry of Finance - Indonesia
- Mercuria Energy - Indonesia
- Essar Steel Hazira Ltd - India
- CIMB Investment Bank - Malaysia
- Gujarat Sidhee Cement - India
- ICICI Bank Limited - India
- Cigading International Bulk Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- IEA Clean Coal Centre - UK
- Goldman Sachs - Singapore
- Indian Energy Exchange, India
- Electricity Authority, New Zealand
- South Luzon Thermal Energy Corporation
- OPG Power Generation Pvt Ltd - India
- Lanco Infratech Ltd - India
- Bulk Trading Sa - Switzerland
- Metalloyd Limited - United Kingdom
- Economic Council, Georgia
- Bangladesh Power Developement Board
- Romanian Commodities Exchange
- Intertek Mineral Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Mercator Lines Limited - India
- Jindal Steel & Power Ltd - India
- Kobexindo Tractors - Indoneisa
- Bharathi Cement Corporation - India
- Edison Trading Spa - Italy
- Savvy Resources Ltd - HongKong
- Coastal Gujarat Power Limited - India
- Tamil Nadu electricity Board
- Samtan Co., Ltd - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement - Thailand
- Gujarat Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- PNOC Exploration Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- The University of Queensland
- Straits Asia Resources Limited - Singapore
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Antam Resourcindo - Indonesia
- Madhucon Powers Ltd - India
- Indian Oil Corporation Limited
- Central Java Power - Indonesia
- Cement Manufacturers Association - India
- Ministry of Transport, Egypt
- Semirara Mining Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meralco Power Generation, Philippines
- Bayan Resources Tbk. - Indonesia
- Electricity Generating Authority of Thailand
- Borneo Indobara - Indonesia
- Baramulti Group, Indonesia
- Chamber of Mines of South Africa
- Rio Tinto Coal - Australia
- Africa Commodities Group - South Africa
- Sical Logistics Limited - India
- Australian Commodity Traders Exchange
- Merrill Lynch Commodities Europe
- GMR Energy Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Riau Bara Harum - Indonesia
- ASAPP Information Group - India
- European Bulk Services B.V. - Netherlands
- CNBM International Corporation - China
- Oldendorff Carriers - Singapore
- Commonwealth Bank - Australia
- Energy Link Ltd, New Zealand
- Thai Mozambique Logistica
- Jaiprakash Power Ventures ltd
- Heidelberg Cement - Germany
- Standard Chartered Bank - UAE
- Asmin Koalindo Tuhup - Indonesia
- Pendopo Energi Batubara - Indonesia
- Uttam Galva Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Australian Coal Association
- VISA Power Limited - India
- Banpu Public Company Limited - Thailand
- Manunggal Multi Energi - Indonesia
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