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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, 15 July 20
MARKET INSIGHT - INTERMODAL
The Covid-19 virus spread around the world has obviously impacted the global oil demand while the situation remains fluid. The overall constraint ...
Tuesday, 14 July 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.75 PCT - XINHUA
China Taiyuan coal transaction price index stood at 126.01 points Monday, up 0.75 percent week on week.
The index, released by China ...
Tuesday, 14 July 20
TURKEY - A CASE OF UNDECLARED BUNKER - GARD
KNOWLEDGE TO ELEVATE
Undeclared/excess bunkers can be considered a criminal act by Turkish customs officials with the ship's crew being ac ...
Monday, 13 July 20
PANAMAX: A TUMULTUOUS WEEK IN THE PANAMAX MARKET ENSURED ALL MARKETS GAINED VALUE ON THE WEEK - BALTIC BRIEFING
Capesize
This week witnessed the dreaded correction in the Capesize market, with the time charter average shedding almost 18 per cent to close ...
Friday, 10 July 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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- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- Maharashtra Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Cement Manufacturers Association - India
- Formosa Plastics Group - Taiwan
- Tata Chemicals Ltd - India
- Riau Bara Harum - Indonesia
- Maheswari Brothers Coal Limited - India
- Commonwealth Bank - Australia
- The Treasury - Australian Government
- SN Aboitiz Power Inc, Philippines
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- MS Steel International - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Videocon Industries ltd - India
- Bukit Makmur.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Mercator Lines Limited - India
- Billiton Holdings Pty Ltd - Australia
- SMG Consultants - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- GMR Energy Limited - India
- Kideco Jaya Agung - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Sinarmas Energy and Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement - Thailand
- Interocean Group of Companies - India
- Semirara Mining Corp, Philippines
- The University of Queensland
- Agrawal Coal Company - India
- Star Paper Mills Limited - India
- Antam Resourcindo - Indonesia
- Essar Steel Hazira Ltd - India
- Banpu Public Company Limited - Thailand
- Wilmar Investment Holdings
- Kaltim Prima Coal - Indonesia
- Latin American Coal - Colombia
- Carbofer General Trading SA - India
- Samtan Co., Ltd - South Korea
- GVK Power & Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parry Sugars Refinery, India
- Vedanta Resources Plc - India
- Binh Thuan Hamico - Vietnam
- Ind-Barath Power Infra Limited - India
- Australian Commodity Traders Exchange
- Directorate Of Revenue Intelligence - India
- Sree Jayajothi Cements Limited - India
- CNBM International Corporation - China
- Rio Tinto Coal - Australia
- Asmin Koalindo Tuhup - Indonesia
- San Jose City I Power Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Iligan Light & Power Inc, Philippines
- SMC Global Power, Philippines
- Meenaskhi Energy Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Global Business Power Corporation, Philippines
- Planning Commission, India
- Anglo American - United Kingdom
- Bharathi Cement Corporation - India
- Bayan Resources Tbk. - Indonesia
- Uttam Galva Steels Limited - India
- Minerals Council of Australia
- Aditya Birla Group - India
- Kartika Selabumi Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Economic Council, Georgia
- Jorong Barutama Greston.PT - Indonesia
- Oldendorff Carriers - Singapore
- Standard Chartered Bank - UAE
- Central Java Power - Indonesia
- Kobexindo Tractors - Indoneisa
- Renaissance Capital - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Electricity Generating Authority of Thailand
- Indian Oil Corporation Limited
- McConnell Dowell - Australia
- Merrill Lynch Commodities Europe
- CIMB Investment Bank - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Romanian Commodities Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Holcim Trading Pte Ltd - Singapore
- PTC India Limited - India
- Manunggal Multi Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Aboitiz Power Corporation - Philippines
- India Bulls Power Limited - India
- White Energy Company Limited
- Sical Logistics Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Xindia Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
- Indian Energy Exchange, India
- Eastern Energy - Thailand
- Chettinad Cement Corporation Ltd - India
- Thai Mozambique Logistica
- Sindya Power Generating Company Private Ltd
- Tamil Nadu electricity Board
- LBH Netherlands Bv - Netherlands
- Electricity Authority, New Zealand
- Malabar Cements Ltd - India
- Altura Mining Limited, Indonesia
- Coastal Gujarat Power Limited - India
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- Trasteel International SA, Italy
- Sarangani Energy Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sojitz Corporation - Japan
- Jindal Steel & Power Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Orica Australia Pty. Ltd.
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Medco Energi Mining Internasional
- Grasim Industreis Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Power Finance Corporation Ltd., India
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- Africa Commodities Group - South Africa
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- Energy Link Ltd, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parliament of New Zealand
- Madhucon Powers Ltd - India
- Jaiprakash Power Ventures ltd
- Coalindo Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Straits Asia Resources Limited - Singapore
- Gujarat Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Singapore Mercantile Exchange
- Global Coal Blending Company Limited - Australia
- Port Waratah Coal Services - Australia
- Price Waterhouse Coopers - Russia
- Independent Power Producers Association of India
- Baramulti Group, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Chamber of Mines of South Africa
- Metalloyd Limited - United Kingdom
- Orica Mining Services - Indonesia
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Mercuria Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Eastern Coal Council - USA
- Posco Energy - South Korea
- Bukit Baiduri Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- GAC Shipping (India) Pvt Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- ICICI Bank Limited - India
- Attock Cement Pakistan Limited
- New Zealand Coal & Carbon
- Lanco Infratech Ltd - India
- PowerSource Philippines DevCo
- Ambuja Cements Ltd - India
- South Luzon Thermal Energy Corporation
- VISA Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Mintek Dendrill Indonesia
- Georgia Ports Authority, United States
- Wood Mackenzie - Singapore
- Intertek Mineral Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Coal Association
- Vizag Seaport Private Limited - India
- Mjunction Services Limited - India
- Ministry of Mines - Canada
- Kumho Petrochemical, South Korea
- Marubeni Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Mineral Development Corp Ltd - India
- Heidelberg Cement - Germany
- Central Electricity Authority - India
- Siam City Cement PLC, Thailand
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- PNOC Exploration Corporation - Philippines
- Makarim & Taira - Indonesia
- Indika Energy - Indonesia
- Thiess Contractors Indonesia
- TeaM Sual Corporation - Philippines
- IEA Clean Coal Centre - UK
- Cigading International Bulk Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Savvy Resources Ltd - HongKong
- Bhatia International Limited - India
- ASAPP Information Group - India
- European Bulk Services B.V. - Netherlands
- Bhoruka Overseas - Indonesia
- Globalindo Alam Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bhushan Steel Limited - India
- Edison Trading Spa - Italy
- International Coal Ventures Pvt Ltd - India
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