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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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Sunday, 10 September 23
CHINA AUGUST COAL IMPORTS OF 44.3 MLN T HIT RECORD - REUTERS
China, the world’s top coal consumer, imported 44.3 million metric tons of the fuel last month, customs data showed, the highest amount in an ...
Tuesday, 22 August 23
CHINA'S COAL PRODUCTION LOGS STEADY GROWTH IN JANUARY-JULY: XINHUA
China’s output of raw coal went up 3.6 percent year on year in the first seven months of this year, official data showed.
The ...
Sunday, 13 August 23
THE COMMODITIES FEED: LNG SUPPLY RISKS LINGER - ING
Energy – OPEC sees deficit over remainder of 2023
Oil prices came under some pressure yesterday with ICE Brent settling a litt ...
Wednesday, 09 August 23
COAL TRADE TO RETURN TO 2019 LEVELS - BALTIC EXCHANGE
The International Energy Agency’s mid-year Coal Market Update for 2023 brings both positive and concerning news for the global coal industry. ...
Sunday, 23 July 23
ANALYSIS-INDIA'S COAL MINING BET STUMBLES AS WARY BANKS WEIGH RISING RISKS - REUTERS
India’s drive to ramp up coal output to meet growing energy demand is faltering due to banks’ reluctance to finance newly auctioned min ...
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- OPG Power Generation Pvt Ltd - India
- Bhatia International Limited - India
- Central Java Power - Indonesia
- Coal and Oil Company - UAE
- Banpu Public Company Limited - Thailand
- Sojitz Corporation - Japan
- Bulk Trading Sa - Switzerland
- Commonwealth Bank - Australia
- Maheswari Brothers Coal Limited - India
- Antam Resourcindo - Indonesia
- Medco Energi Mining Internasional
- Marubeni Corporation - India
- Electricity Authority, New Zealand
- GVK Power & Infra Limited - India
- Global Business Power Corporation, Philippines
- Agrawal Coal Company - India
- Aditya Birla Group - India
- GN Power Mariveles Coal Plant, Philippines
- Sical Logistics Limited - India
- Dalmia Cement Bharat India
- Vizag Seaport Private Limited - India
- Parliament of New Zealand
- Tamil Nadu electricity Board
- CIMB Investment Bank - Malaysia
- Rio Tinto Coal - Australia
- SMC Global Power, Philippines
- Ceylon Electricity Board - Sri Lanka
- Neyveli Lignite Corporation Ltd, - India
- Bayan Resources Tbk. - Indonesia
- Ind-Barath Power Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- SN Aboitiz Power Inc, Philippines
- Baramulti Group, Indonesia
- Indogreen Group - Indonesia
- Posco Energy - South Korea
- Global Green Power PLC Corporation, Philippines
- Interocean Group of Companies - India
- Essar Steel Hazira Ltd - India
- VISA Power Limited - India
- Cement Manufacturers Association - India
- GAC Shipping (India) Pvt Ltd
- Gujarat Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- McConnell Dowell - Australia
- Siam City Cement PLC, Thailand
- Energy Link Ltd, New Zealand
- Borneo Indobara - Indonesia
- Thai Mozambique Logistica
- Siam City Cement - Thailand
- Maharashtra Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- San Jose City I Power Corp, Philippines
- Edison Trading Spa - Italy
- Gujarat Mineral Development Corp Ltd - India
- Power Finance Corporation Ltd., India
- MS Steel International - UAE
- Africa Commodities Group - South Africa
- Attock Cement Pakistan Limited
- PTC India Limited - India
- The University of Queensland
- Anglo American - United Kingdom
- Carbofer General Trading SA - India
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Development Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Jorong Barutama Greston.PT - Indonesia
- Makarim & Taira - Indonesia
- Australian Coal Association
- Coastal Gujarat Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Mercuria Energy - Indonesia
- Mintek Dendrill Indonesia
- Port Waratah Coal Services - Australia
- Indonesian Coal Mining Association
- Renaissance Capital - South Africa
- The Treasury - Australian Government
- Kepco SPC Power Corporation, Philippines
- GMR Energy Limited - India
- Directorate Of Revenue Intelligence - India
- Romanian Commodities Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Samtan Co., Ltd - South Korea
- Salva Resources Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Trasteel International SA, Italy
- PNOC Exploration Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Malabar Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- SMG Consultants - Indonesia
- Electricity Generating Authority of Thailand
- Price Waterhouse Coopers - Russia
- Krishnapatnam Port Company Ltd. - India
- Orica Australia Pty. Ltd.
- Sree Jayajothi Cements Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jindal Steel & Power Ltd - India
- Ministry of Mines - Canada
- Petron Corporation, Philippines
- Georgia Ports Authority, United States
- White Energy Company Limited
- Sindya Power Generating Company Private Ltd
- Latin American Coal - Colombia
- Thiess Contractors Indonesia
- Central Electricity Authority - India
- Vijayanagar Sugar Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Parry Sugars Refinery, India
- Grasim Industreis Ltd - India
- Ministry of Transport, Egypt
- Holcim Trading Pte Ltd - Singapore
- ASAPP Information Group - India
- Karbindo Abesyapradhi - Indoneisa
- Larsen & Toubro Limited - India
- Semirara Mining Corp, Philippines
- Independent Power Producers Association of India
- Australian Commodity Traders Exchange
- PetroVietnam Power Coal Import and Supply Company
- Heidelberg Cement - Germany
- Meralco Power Generation, Philippines
- Pendopo Energi Batubara - Indonesia
- Ambuja Cements Ltd - India
- Bangladesh Power Developement Board
- Eastern Energy - Thailand
- Sinarmas Energy and Mining - Indonesia
- Riau Bara Harum - Indonesia
- Straits Asia Resources Limited - Singapore
- Barasentosa Lestari - Indonesia
- London Commodity Brokers - England
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Kohat Cement Company Ltd. - Pakistan
- Karaikal Port Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Deloitte Consulting - India
- Kaltim Prima Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Wood Mackenzie - Singapore
- Bhushan Steel Limited - India
- Bharathi Cement Corporation - India
- Coalindo Energy - Indonesia
- Xindia Steels Limited - India
- Savvy Resources Ltd - HongKong
- Indika Energy - Indonesia
- Economic Council, Georgia
- Sakthi Sugars Limited - India
- Minerals Council of Australia
- Kideco Jaya Agung - Indonesia
- Lanco Infratech Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Oil Corporation Limited
- Jaiprakash Power Ventures ltd
- AsiaOL BioFuels Corp., Philippines
- Leighton Contractors Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Bukit Makmur.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Standard Chartered Bank - UAE
- Kumho Petrochemical, South Korea
- CNBM International Corporation - China
- Mjunction Services Limited - India
- Star Paper Mills Limited - India
- Manunggal Multi Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- European Bulk Services B.V. - Netherlands
- Orica Mining Services - Indonesia
- Uttam Galva Steels Limited - India
- Indian Energy Exchange, India
- Singapore Mercantile Exchange
- Goldman Sachs - Singapore
- Chamber of Mines of South Africa
- Kalimantan Lumbung Energi - Indonesia
- IEA Clean Coal Centre - UK
- Kartika Selabumi Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- India Bulls Power Limited - India
- Oldendorff Carriers - Singapore
- Chettinad Cement Corporation Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Therma Luzon, Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Vedanta Resources Plc - India
- Intertek Mineral Services - Indonesia
- Wilmar Investment Holdings
- Globalindo Alam Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Mercator Lines Limited - India
- Semirara Mining and Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asmin Koalindo Tuhup - Indonesia
- Metalloyd Limited - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Bhoruka Overseas - Indonesia
- Planning Commission, India
- Kapuas Tunggal Persada - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Altura Mining Limited, Indonesia
- ICICI Bank Limited - India
- New Zealand Coal & Carbon
- Eastern Coal Council - USA
- Videocon Industries ltd - India
- Timah Investasi Mineral - Indoneisa
- Ministry of Finance - Indonesia
- Tata Chemicals Ltd - India
- Merrill Lynch Commodities Europe
- PowerSource Philippines DevCo
- Billiton Holdings Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
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