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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, 10 October 19
THERMAL COAL IMPORT LIKELY TO CROSS 200 MT IN 2019-20 - TIME OF INDIA
The country's overall thermal coal import is likely to cross the 200-million tonnes (MT) mark in the current financial year, according to Icra. ...
Wednesday, 09 October 19
SHIPPING MARKET INSIGHT - INTERMODAL
As we have already stated in previous insights, we had expected that the recovery on rates and activity across all segments in the offshore market ...
Thursday, 03 October 19
OIL PRICE ASSUMPTIONS UNCHANGED, NBP GAS PRICE LOWERED - FITCH RATINGS PRIMARY - FITCH RATINGS
Our oil price assumptions are unchanged, despite the recent price volatility following the attacks on Saudi Arabia's oil infrastructure, Fitch ...
Thursday, 03 October 19
SHIPPING MARKET INSIGHT
Edible oil products across the board are showing healthy amount of export activity, however, rates in most cases are struggling to move accordingly ...
Friday, 27 September 19
LOWDOWN ON INCOTERMS 2020 OVERHAUL - BALTIC EXCHANGE
KNOWLEDGE TO ELEVATE
This ninth revision of Incoterms is changed in style and substance. The revisions improve certain aspects of Incoterms 20 ...
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- Heidelberg Cement - Germany
- Energy Development Corp, Philippines
- Chamber of Mines of South Africa
- Billiton Holdings Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Independent Power Producers Association of India
- IHS Mccloskey Coal Group - USA
- Riau Bara Harum - Indonesia
- GVK Power & Infra Limited - India
- Ministry of Transport, Egypt
- Indian Oil Corporation Limited
- Lanco Infratech Ltd - India
- OPG Power Generation Pvt Ltd - India
- Renaissance Capital - South Africa
- Timah Investasi Mineral - Indoneisa
- Baramulti Group, Indonesia
- Globalindo Alam Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Indika Energy - Indonesia
- Electricity Generating Authority of Thailand
- South Luzon Thermal Energy Corporation
- MS Steel International - UAE
- Indo Tambangraya Megah - Indonesia
- Energy Link Ltd, New Zealand
- Indian Energy Exchange, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
- Vedanta Resources Plc - India
- Kobexindo Tractors - Indoneisa
- Thai Mozambique Logistica
- Miang Besar Coal Terminal - Indonesia
- The University of Queensland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Sidhee Cement - India
- Thiess Contractors Indonesia
- Banpu Public Company Limited - Thailand
- Bhatia International Limited - India
- Global Coal Blending Company Limited - Australia
- Romanian Commodities Exchange
- GN Power Mariveles Coal Plant, Philippines
- Directorate General of MIneral and Coal - Indonesia
- White Energy Company Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Parry Sugars Refinery, India
- Bulk Trading Sa - Switzerland
- PTC India Limited - India
- Commonwealth Bank - Australia
- Interocean Group of Companies - India
- Maheswari Brothers Coal Limited - India
- Planning Commission, India
- Savvy Resources Ltd - HongKong
- Salva Resources Pvt Ltd - India
- Makarim & Taira - Indonesia
- Medco Energi Mining Internasional
- VISA Power Limited - India
- Formosa Plastics Group - Taiwan
- Sree Jayajothi Cements Limited - India
- Tamil Nadu electricity Board
- Sinarmas Energy and Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Sindya Power Generating Company Private Ltd
- Jindal Steel & Power Ltd - India
- Electricity Authority, New Zealand
- Bhushan Steel Limited - India
- Standard Chartered Bank - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Anglo American - United Kingdom
- Dalmia Cement Bharat India
- Minerals Council of Australia
- AsiaOL BioFuels Corp., Philippines
- Ambuja Cements Ltd - India
- Siam City Cement - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Bangladesh Power Developement Board
- Agrawal Coal Company - India
- Orica Mining Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Tata Chemicals Ltd - India
- New Zealand Coal & Carbon
- Bhoruka Overseas - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Mercator Lines Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement PLC, Thailand
- Gujarat Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- India Bulls Power Limited - India
- Sakthi Sugars Limited - India
- International Coal Ventures Pvt Ltd - India
- Australian Commodity Traders Exchange
- Vizag Seaport Private Limited - India
- PowerSource Philippines DevCo
- Semirara Mining and Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Kartika Selabumi Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- ICICI Bank Limited - India
- Meenaskhi Energy Private Limited - India
- Mintek Dendrill Indonesia
- Ministry of Finance - Indonesia
- Altura Mining Limited, Indonesia
- Posco Energy - South Korea
- Carbofer General Trading SA - India
- Wilmar Investment Holdings
- Ind-Barath Power Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Merrill Lynch Commodities Europe
- Bukit Baiduri Energy - Indonesia
- Meralco Power Generation, Philippines
- Kideco Jaya Agung - Indonesia
- European Bulk Services B.V. - Netherlands
- Port Waratah Coal Services - Australia
- Xindia Steels Limited - India
- Trasteel International SA, Italy
- Malabar Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Latin American Coal - Colombia
- Aboitiz Power Corporation - Philippines
- Indonesian Coal Mining Association
- Uttam Galva Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- San Jose City I Power Corp, Philippines
- Orica Australia Pty. Ltd.
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
- Borneo Indobara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parliament of New Zealand
- PNOC Exploration Corporation - Philippines
- IEA Clean Coal Centre - UK
- Cement Manufacturers Association - India
- Goldman Sachs - Singapore
- SMC Global Power, Philippines
- Ministry of Mines - Canada
- The Treasury - Australian Government
- Global Business Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
- Antam Resourcindo - Indonesia
- Star Paper Mills Limited - India
- Sical Logistics Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Mjunction Services Limited - India
- SMG Consultants - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Vijayanagar Sugar Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Kaltim Prima Coal - Indonesia
- Kumho Petrochemical, South Korea
- Grasim Industreis Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- Edison Trading Spa - Italy
- Cigading International Bulk Terminal - Indonesia
- Africa Commodities Group - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Java Power - Indonesia
- Indogreen Group - Indonesia
- Essar Steel Hazira Ltd - India
- Iligan Light & Power Inc, Philippines
- GMR Energy Limited - India
- Georgia Ports Authority, United States
- Madhucon Powers Ltd - India
- Bharathi Cement Corporation - India
- Coastal Gujarat Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Ceylon Electricity Board - Sri Lanka
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Aditya Birla Group - India
- GAC Shipping (India) Pvt Ltd
- Holcim Trading Pte Ltd - Singapore
- SN Aboitiz Power Inc, Philippines
- Singapore Mercantile Exchange
- Oldendorff Carriers - Singapore
- CNBM International Corporation - China
- Eastern Coal Council - USA
- Sojitz Corporation - Japan
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- Directorate Of Revenue Intelligence - India
- Attock Cement Pakistan Limited
- Economic Council, Georgia
- Videocon Industries ltd - India
- McConnell Dowell - Australia
- Larsen & Toubro Limited - India
- Toyota Tsusho Corporation, Japan
- ASAPP Information Group - India
- London Commodity Brokers - England
- Marubeni Corporation - India
- Central Electricity Authority - India
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- Power Finance Corporation Ltd., India
- Australian Coal Association
- Therma Luzon, Inc, Philippines
- Barasentosa Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Alfred C Toepfer International GmbH - Germany
- Metalloyd Limited - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Rio Tinto Coal - Australia
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