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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, 06 May 20
COST CHALLENGES IN A US$20/BBL WORLD - WOOD MACKENZIE
A new approach is needed to ensure supply sector resilience
How will US$20/bbl affect the oil and gas supply chain?
It’s going to g ...
Wednesday, 06 May 20
MARKET INSIGHT - INTERMODAL
It comes as no surprise that activity in the dry bulk SnP market remains soft, with asset values caught in the downward spiral generated by the Cov ...
Wednesday, 06 May 20
FLOATING STORAGE OF OIL CARGOES - STANDARD CLUB
KNOWLEDGE TO ELEVATE
Due to a combination of circumstances there is now a worldwide shortage of storage space ashore for both unrefi ...
Wednesday, 06 May 20
IRON ORE TRADE REMAINS REMARKABLY RESILIENT THIS YEAR, AT LEAST IN ASIA - BANCHERO COSTA
Iron ore trade remains remarkably resilient this year, at least in Asia, despite the global economic impact from COVID-19. In the first 4 months of ...
Tuesday, 05 May 20
SUPRAMAXES: YTD SLIDE HAS BEEN 45%, WITH THE AVERAGE FOR 2020 TCA HOLDING AT US$5,793 - ALLIED
It has been almost three months since the WHO officially categorized the current coronavirus outbreak as a global pandemic, an outbreak that has br ...
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- Orica Mining Services - Indonesia
- Bulk Trading Sa - Switzerland
- Billiton Holdings Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Central Java Power - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement PLC, Thailand
- Central Electricity Authority - India
- Toyota Tsusho Corporation, Japan
- Ambuja Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- LBH Netherlands Bv - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- The University of Queensland
- Latin American Coal - Colombia
- Miang Besar Coal Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- Cement Manufacturers Association - India
- Indika Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- ICICI Bank Limited - India
- Agrawal Coal Company - India
- Parliament of New Zealand
- Directorate General of MIneral and Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- PTC India Limited - India
- Aboitiz Power Corporation - Philippines
- Indogreen Group - Indonesia
- GVK Power & Infra Limited - India
- Simpson Spence & Young - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Australian Coal Association
- Gujarat Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Minerals Council of Australia
- Holcim Trading Pte Ltd - Singapore
- ASAPP Information Group - India
- Power Finance Corporation Ltd., India
- AsiaOL BioFuels Corp., Philippines
- Anglo American - United Kingdom
- Electricity Generating Authority of Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PowerSource Philippines DevCo
- White Energy Company Limited
- Goldman Sachs - Singapore
- Binh Thuan Hamico - Vietnam
- Vizag Seaport Private Limited - India
- Petron Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- IEA Clean Coal Centre - UK
- VISA Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Trasteel International SA, Italy
- Siam City Cement - Thailand
- South Luzon Thermal Energy Corporation
- Kohat Cement Company Ltd. - Pakistan
- Globalindo Alam Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Kobexindo Tractors - Indoneisa
- Samtan Co., Ltd - South Korea
- Energy Development Corp, Philippines
- Savvy Resources Ltd - HongKong
- Grasim Industreis Ltd - India
- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- London Commodity Brokers - England
- Ministry of Transport, Egypt
- Manunggal Multi Energi - Indonesia
- Formosa Plastics Group - Taiwan
- IHS Mccloskey Coal Group - USA
- Rio Tinto Coal - Australia
- Semirara Mining and Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Port Waratah Coal Services - Australia
- McConnell Dowell - Australia
- New Zealand Coal & Carbon
- Salva Resources Pvt Ltd - India
- Coalindo Energy - Indonesia
- Thai Mozambique Logistica
- Eastern Coal Council - USA
- Ceylon Electricity Board - Sri Lanka
- Heidelberg Cement - Germany
- Sical Logistics Limited - India
- Eastern Energy - Thailand
- Meenaskhi Energy Private Limited - India
- Xindia Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Kepco SPC Power Corporation, Philippines
- Georgia Ports Authority, United States
- CNBM International Corporation - China
- Wilmar Investment Holdings
- Altura Mining Limited, Indonesia
- OPG Power Generation Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Uttam Galva Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Directorate Of Revenue Intelligence - India
- Neyveli Lignite Corporation Ltd, - India
- Commonwealth Bank - Australia
- Renaissance Capital - South Africa
- Iligan Light & Power Inc, Philippines
- Sojitz Corporation - Japan
- Intertek Mineral Services - Indonesia
- Tata Chemicals Ltd - India
- Carbofer General Trading SA - India
- Star Paper Mills Limited - India
- India Bulls Power Limited - India
- Bukit Baiduri Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Chamber of Mines of South Africa
- The State Trading Corporation of India Ltd
- Riau Bara Harum - Indonesia
- Indonesian Coal Mining Association
- PNOC Exploration Corporation - Philippines
- Gujarat Sidhee Cement - India
- Deloitte Consulting - India
- SMG Consultants - Indonesia
- Standard Chartered Bank - UAE
- Alfred C Toepfer International GmbH - Germany
- Tamil Nadu electricity Board
- Antam Resourcindo - Indonesia
- Bukit Makmur.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Lanco Infratech Ltd - India
- Mintek Dendrill Indonesia
- Parry Sugars Refinery, India
- Dalmia Cement Bharat India
- Jorong Barutama Greston.PT - Indonesia
- Bharathi Cement Corporation - India
- San Jose City I Power Corp, Philippines
- Marubeni Corporation - India
- Attock Cement Pakistan Limited
- Videocon Industries ltd - India
- Posco Energy - South Korea
- Sree Jayajothi Cements Limited - India
- Singapore Mercantile Exchange
- Maheswari Brothers Coal Limited - India
- MS Steel International - UAE
- Leighton Contractors Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Medco Energi Mining Internasional
- Maharashtra Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Independent Power Producers Association of India
- Electricity Authority, New Zealand
- Energy Link Ltd, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Sakthi Sugars Limited - India
- Essar Steel Hazira Ltd - India
- Bangladesh Power Developement Board
- Makarim & Taira - Indonesia
- Meralco Power Generation, Philippines
- Malabar Cements Ltd - India
- Semirara Mining Corp, Philippines
- SMC Global Power, Philippines
- Wood Mackenzie - Singapore
- Romanian Commodities Exchange
- Straits Asia Resources Limited - Singapore
- Orica Australia Pty. Ltd.
- Jindal Steel & Power Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Oldendorff Carriers - Singapore
- Australian Commodity Traders Exchange
- Edison Trading Spa - Italy
- Metalloyd Limited - United Kingdom
- Global Business Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Baramulti Group, Indonesia
- International Coal Ventures Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Interocean Group of Companies - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Planning Commission, India
- Banpu Public Company Limited - Thailand
- Bhushan Steel Limited - India
- Africa Commodities Group - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Mercator Lines Limited - India
- Economic Council, Georgia
- Bukit Asam (Persero) Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Ministry of Mines - Canada
- Cigading International Bulk Terminal - Indonesia
- Madhucon Powers Ltd - India
- Coastal Gujarat Power Limited - India
- Coal and Oil Company - UAE
- Gujarat Mineral Development Corp Ltd - India
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- Kaltim Prima Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bhoruka Overseas - Indonesia
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Barasentosa Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bhatia International Limited - India
- GAC Shipping (India) Pvt Ltd
- Vedanta Resources Plc - India
- Mjunction Services Limited - India
- Aditya Birla Group - India
- Rashtriya Ispat Nigam Limited - India
- Jaiprakash Power Ventures ltd
- GMR Energy Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
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