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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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Thursday, 24 October 19
PANAMAX: NEGATIVE SENTIMENT IN THE MARKET AS IT CONTINUES TO WEAKEN - FEARNLEYS
Capesize
The market has continued to slide the last week, as lack of fresh requirements and a slight oversupply of tonnage heading towards Sout ...
Wednesday, 23 October 19
CHINA'S 2019 COAL IMPORTS SET TO RISE MORE THAN 10%: ANALYSTS - REUTERS
China, the world’s top coal buyer, is on track to boost imports of the fuel by more than 10% this year, traders and analysts said on Tuesday, ...
Wednesday, 23 October 19
SHIPPING MARKET INSIGHT - INTERMODAL
Moving closer to the end of the year, we are facing what the market was expecting for quite a while, the ship repair sector booming with the shipya ...
Tuesday, 22 October 19
DRY BULK: DESPITE THE DOWNWARD CORRECTION NOTED OVER THE PAST MONTH, RATES ARE STILL HOLDING OFF AT FAVORABLE LEVELS - ALLIED SHIPPING
Despite the downward correction that has been noted in the dry bulk market over the past month, rates are still holding off at favorable levels. Ev ...
Monday, 21 October 19
SHIPPERS CHANGE COURSE AS FUEL RULES TARGET SULPHUR EMISSIONS - WOOD MACKENZIE
The International Maritime Organization (IMO), the industry’s regulator, will require all ships to reduce the level of sulphur in their engin ...
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- London Commodity Brokers - England
- Videocon Industries ltd - India
- Electricity Authority, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Sojitz Corporation - Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petron Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- Bhatia International Limited - India
- Planning Commission, India
- Ambuja Cements Ltd - India
- Indika Energy - Indonesia
- Bangladesh Power Developement Board
- Port Waratah Coal Services - Australia
- Kideco Jaya Agung - Indonesia
- GVK Power & Infra Limited - India
- Formosa Plastics Group - Taiwan
- Kaltim Prima Coal - Indonesia
- Xindia Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Sical Logistics Limited - India
- Riau Bara Harum - Indonesia
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
- Tamil Nadu electricity Board
- PowerSource Philippines DevCo
- Mercuria Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Price Waterhouse Coopers - Russia
- Australian Coal Association
- Goldman Sachs - Singapore
- Ministry of Finance - Indonesia
- Parry Sugars Refinery, India
- PetroVietnam Power Coal Import and Supply Company
- Makarim & Taira - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Georgia Ports Authority, United States
- Semirara Mining Corp, Philippines
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
- Grasim Industreis Ltd - India
- Trasteel International SA, Italy
- Rio Tinto Coal - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Jindal Steel & Power Ltd - India
- CIMB Investment Bank - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Indian Oil Corporation Limited
- Orica Mining Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Minerals Council of Australia
- Power Finance Corporation Ltd., India
- Central Java Power - Indonesia
- Vizag Seaport Private Limited - India
- Sakthi Sugars Limited - India
- Anglo American - United Kingdom
- Star Paper Mills Limited - India
- Globalindo Alam Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Posco Energy - South Korea
- Kepco SPC Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Maheswari Brothers Coal Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Larsen & Toubro Limited - India
- Energy Link Ltd, New Zealand
- Eastern Energy - Thailand
- Bayan Resources Tbk. - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Australian Commodity Traders Exchange
- The Treasury - Australian Government
- IEA Clean Coal Centre - UK
- Sree Jayajothi Cements Limited - India
- VISA Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Barasentosa Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- Ministry of Transport, Egypt
- Indonesian Coal Mining Association
- India Bulls Power Limited - India
- White Energy Company Limited
- Medco Energi Mining Internasional
- The University of Queensland
- Vedanta Resources Plc - India
- Cement Manufacturers Association - India
- Uttam Galva Steels Limited - India
- Siam City Cement - Thailand
- Miang Besar Coal Terminal - Indonesia
- ASAPP Information Group - India
- Wilmar Investment Holdings
- Bank of Tokyo Mitsubishi UFJ Ltd
- Edison Trading Spa - Italy
- Deloitte Consulting - India
- PTC India Limited - India
- Kobexindo Tractors - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Global Business Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Indogreen Group - Indonesia
- Ministry of Mines - Canada
- South Luzon Thermal Energy Corporation
- Therma Luzon, Inc, Philippines
- Heidelberg Cement - Germany
- Kalimantan Lumbung Energi - Indonesia
- New Zealand Coal & Carbon
- Dalmia Cement Bharat India
- Oldendorff Carriers - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Merrill Lynch Commodities Europe
- Electricity Generating Authority of Thailand
- McConnell Dowell - Australia
- Thiess Contractors Indonesia
- Carbofer General Trading SA - India
- Ind-Barath Power Infra Limited - India
- Latin American Coal - Colombia
- Orica Australia Pty. Ltd.
- ICICI Bank Limited - India
- Marubeni Corporation - India
- Gujarat Sidhee Cement - India
- Aboitiz Power Corporation - Philippines
- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- Intertek Mineral Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Iligan Light & Power Inc, Philippines
- GMR Energy Limited - India
- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
- Bhushan Steel Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Sindya Power Generating Company Private Ltd
- Jorong Barutama Greston.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Standard Chartered Bank - UAE
- Wood Mackenzie - Singapore
- TeaM Sual Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CNBM International Corporation - China
- Billiton Holdings Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Independent Power Producers Association of India
- Mercator Lines Limited - India
- Semirara Mining and Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Agrawal Coal Company - India
- GN Power Mariveles Coal Plant, Philippines
- Asmin Koalindo Tuhup - Indonesia
- European Bulk Services B.V. - Netherlands
- Bulk Trading Sa - Switzerland
- Coastal Gujarat Power Limited - India
- Manunggal Multi Energi - Indonesia
- Altura Mining Limited, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Lanco Infratech Ltd - India
- PNOC Exploration Corporation - Philippines
- Renaissance Capital - South Africa
- Meralco Power Generation, Philippines
- Indo Tambangraya Megah - Indonesia
- Malabar Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Timah Investasi Mineral - Indoneisa
- Economic Council, Georgia
- Tata Chemicals Ltd - India
- SMG Consultants - Indonesia
- Alfred C Toepfer International GmbH - Germany
- LBH Netherlands Bv - Netherlands
- IHS Mccloskey Coal Group - USA
- Sinarmas Energy and Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Meenaskhi Energy Private Limited - India
- Savvy Resources Ltd - HongKong
- Africa Commodities Group - South Africa
- Madhucon Powers Ltd - India
- SMC Global Power, Philippines
- Aditya Birla Group - India
- Mjunction Services Limited - India
- Bukit Makmur.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Romanian Commodities Exchange
- Metalloyd Limited - United Kingdom
- Binh Thuan Hamico - Vietnam
- Central Electricity Authority - India
- Chamber of Mines of South Africa
- Antam Resourcindo - Indonesia
- Bharathi Cement Corporation - India
- Indian Energy Exchange, India
- Mintek Dendrill Indonesia
- Global Green Power PLC Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Attock Cement Pakistan Limited
- Chettinad Cement Corporation Ltd - India
- Baramulti Group, Indonesia
- San Jose City I Power Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Parliament of New Zealand
- Energy Development Corp, Philippines
- Banpu Public Company Limited - Thailand
- Commonwealth Bank - Australia
- Karaikal Port Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Singapore Mercantile Exchange
- Rashtriya Ispat Nigam Limited - India
- Directorate Of Revenue Intelligence - India
- Thai Mozambique Logistica
- Pendopo Energi Batubara - Indonesia
- Coalindo Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
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