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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, 02 March 23
DRY BULK MARKET: THE WAY CHINA GOES, SO GOES THE MARKET - BIMCO
We expect demand growth within the 1.5-2.5% range in 2023, driven by China’s economic recovery. Improvements in consumer sentiment should hel ...
Thursday, 02 March 23
INDIA, CHINA DEMAND BOOST LOW-RANK THERMAL COAL PRICES IN ASIA - RUSSELL, REUTERS
Signs of stronger import demand from India have arrested the decline in price of the thermal coal grades most commonly sought by the world’s ...
Thursday, 02 March 23
INDIA CHEERS THE RETURN OF ‘KING COAL’ AS INDUSTRY SEES BUOYANT FUTURE - REUTERS
India’s coal industry celebrated the return of its major conference after a three-year pandemic hiatus by presenting a bullish view of demand ...
Wednesday, 01 March 23
GEO CONNECT ASIA RETURNS IN MARCH TO ACCELERATE THE REGION’S GEOSPATIAL AND LOCATION INTELLIGENCE CAPABILITIES
Press Release: The third edition of GCA will be held in conjunction with Digital Construction Asia and the inaugural Drones Asia – an event d ...
Wednesday, 01 March 23
THE DECLINE IN THE COAL PRICE SINCE THE BEGINNING OF THE YEAR HAS BEEN SIGNIFICANT - INTERMODAL
Last week, the front-month API2 future rose by 3.5%, but since the beginning of the year the future has fallen by 39% to $136.65/t, while the Newca ...
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- South Luzon Thermal Energy Corporation
- Chamber of Mines of South Africa
- Sical Logistics Limited - India
- Kepco SPC Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Salva Resources Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- MS Steel International - UAE
- Mercator Lines Limited - India
- Cement Manufacturers Association - India
- Ministry of Finance - Indonesia
- Parry Sugars Refinery, India
- Pipit Mutiara Jaya. PT, Indonesia
- Ambuja Cements Ltd - India
- Planning Commission, India
- Antam Resourcindo - Indonesia
- Larsen & Toubro Limited - India
- Trasteel International SA, Italy
- Sakthi Sugars Limited - India
- Oldendorff Carriers - Singapore
- International Coal Ventures Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Orica Mining Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kapuas Tunggal Persada - Indonesia
- Ind-Barath Power Infra Limited - India
- Indonesian Coal Mining Association
- Posco Energy - South Korea
- AsiaOL BioFuels Corp., Philippines
- Directorate General of MIneral and Coal - Indonesia
- Eastern Energy - Thailand
- The Treasury - Australian Government
- Petron Corporation, Philippines
- Jindal Steel & Power Ltd - India
- SN Aboitiz Power Inc, Philippines
- Central Electricity Authority - India
- Parliament of New Zealand
- GAC Shipping (India) Pvt Ltd
- Economic Council, Georgia
- Iligan Light & Power Inc, Philippines
- McConnell Dowell - Australia
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Electricity Authority, New Zealand
- Bukit Baiduri Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Marubeni Corporation - India
- Borneo Indobara - Indonesia
- The University of Queensland
- Bahari Cakrawala Sebuku - Indonesia
- ICICI Bank Limited - India
- Indian Energy Exchange, India
- Karaikal Port Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Independent Power Producers Association of India
- Samtan Co., Ltd - South Korea
- Singapore Mercantile Exchange
- Lanco Infratech Ltd - India
- Therma Luzon, Inc, Philippines
- Indian Oil Corporation Limited
- Kartika Selabumi Mining - Indonesia
- Power Finance Corporation Ltd., India
- Star Paper Mills Limited - India
- Energy Link Ltd, New Zealand
- Renaissance Capital - South Africa
- Sojitz Corporation - Japan
- Meralco Power Generation, Philippines
- Indo Tambangraya Megah - Indonesia
- SMG Consultants - Indonesia
- Siam City Cement PLC, Thailand
- Bhushan Steel Limited - India
- Bayan Resources Tbk. - Indonesia
- Australian Coal Association
- Barasentosa Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Sindya Power Generating Company Private Ltd
- Indika Energy - Indonesia
- VISA Power Limited - India
- LBH Netherlands Bv - Netherlands
- Eastern Coal Council - USA
- Mintek Dendrill Indonesia
- Vedanta Resources Plc - India
- Bhatia International Limited - India
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Central Java Power - Indonesia
- Carbofer General Trading SA - India
- Toyota Tsusho Corporation, Japan
- San Jose City I Power Corp, Philippines
- Commonwealth Bank - Australia
- Makarim & Taira - Indonesia
- Simpson Spence & Young - Indonesia
- Romanian Commodities Exchange
- Madhucon Powers Ltd - India
- Baramulti Group, Indonesia
- Binh Thuan Hamico - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Interocean Group of Companies - India
- PowerSource Philippines DevCo
- PTC India Limited - India
- Bharathi Cement Corporation - India
- Ministry of Mines - Canada
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indogreen Group - Indonesia
- Edison Trading Spa - Italy
- Formosa Plastics Group - Taiwan
- Minerals Council of Australia
- Agrawal Coal Company - India
- Kobexindo Tractors - Indoneisa
- London Commodity Brokers - England
- Coastal Gujarat Power Limited - India
- Latin American Coal - Colombia
- Sinarmas Energy and Mining - Indonesia
- Ministry of Transport, Egypt
- Coalindo Energy - Indonesia
- IEA Clean Coal Centre - UK
- Semirara Mining Corp, Philippines
- Malabar Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meenaskhi Energy Private Limited - India
- Bulk Trading Sa - Switzerland
- Bukit Makmur.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Global Business Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- White Energy Company Limited
- Miang Besar Coal Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Price Waterhouse Coopers - Russia
- Directorate Of Revenue Intelligence - India
- Energy Development Corp, Philippines
- Gujarat Sidhee Cement - India
- PNOC Exploration Corporation - Philippines
- Anglo American - United Kingdom
- Standard Chartered Bank - UAE
- Dalmia Cement Bharat India
- Globalindo Alam Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- SMC Global Power, Philippines
- Semirara Mining and Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- Videocon Industries ltd - India
- Aboitiz Power Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Medco Energi Mining Internasional
- India Bulls Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Tata Chemicals Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Heidelberg Cement - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
- Deloitte Consulting - India
- Mjunction Services Limited - India
- Georgia Ports Authority, United States
- Thiess Contractors Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- Uttam Galva Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pendopo Energi Batubara - Indonesia
- European Bulk Services B.V. - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Global Green Power PLC Corporation, Philippines
- Australian Commodity Traders Exchange
- Global Coal Blending Company Limited - Australia
- Banpu Public Company Limited - Thailand
- Ceylon Electricity Board - Sri Lanka
- ASAPP Information Group - India
- Coal and Oil Company - UAE
- Grasim Industreis Ltd - India
- New Zealand Coal & Carbon
- Thai Mozambique Logistica
- Goldman Sachs - Singapore
- Xindia Steels Limited - India
- Africa Commodities Group - South Africa
- Tamil Nadu electricity Board
- Rio Tinto Coal - Australia
- Sree Jayajothi Cements Limited - India
- GMR Energy Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Port Waratah Coal Services - Australia
- Merrill Lynch Commodities Europe
- GN Power Mariveles Coal Plant, Philippines
- IHS Mccloskey Coal Group - USA
- CNBM International Corporation - China
- Attock Cement Pakistan Limited
- GVK Power & Infra Limited - India
- CIMB Investment Bank - Malaysia
- Wilmar Investment Holdings
- Kumho Petrochemical, South Korea
- Riau Bara Harum - Indonesia
- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
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