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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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Friday, 14 December 18
KOSPO INVITES BIDS FOR 1,177,000 METRIC TONS OF COAL FOR Q1' 19 LOADING
COALspot.com: South Korea state-owned utility Korea Southern Power Co. Ltd (KOSPO) issued a tender for 701,000 MT of min 5,600 kcal/kg NCV coal and ...
Friday, 14 December 18
COAL IMPORT TO BE CHECKED BY RISING DOMESTIC PRODUCTION - FINANCIAL EXPRESS
The government’s effort to increase domestic coal production and power demand falling with the onset of the winters will check coal imports, ...
Thursday, 13 December 18
STRAITS AFFECTED BY TERRITORIAL DISPUTE BETWEEN SINGAPORE AND MALAYSIA - THE STANDARD CLUB
A recent territorial dispute has occurred between Singapore and Malaysia involving the Straits of Johor.
The Malaysian Attorney Gene ...
Wednesday, 12 December 18
SHIPPING MARKET INSIGHT - CHRISTOPHER WHITTY
China’s monthly iron ore imports dropped for the first time this year joined by declines in copper and soybeans as economic growth slows in t ...
Tuesday, 11 December 18
SHIPPING MARKET ANALYSIS - ALLIED
A lot of discussions have been made as to the effects of the IMO 2020 regulation on OPEX levels, investment feasibility of& ...
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- Xindia Steels Limited - India
- Altura Mining Limited, Indonesia
- Bukit Baiduri Energy - Indonesia
- GVK Power & Infra Limited - India
- Australian Commodity Traders Exchange
- Carbofer General Trading SA - India
- Aditya Birla Group - India
- Karaikal Port Pvt Ltd - India
- Orica Mining Services - Indonesia
- Sojitz Corporation - Japan
- Bharathi Cement Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Marubeni Corporation - India
- Planning Commission, India
- Directorate Of Revenue Intelligence - India
- Electricity Generating Authority of Thailand
- Miang Besar Coal Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Medco Energi Mining Internasional
- Kartika Selabumi Mining - Indonesia
- PTC India Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Anglo American - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Edison Trading Spa - Italy
- Ministry of Transport, Egypt
- The Treasury - Australian Government
- Petrochimia International Co. Ltd.- Taiwan
- CIMB Investment Bank - Malaysia
- Krishnapatnam Port Company Ltd. - India
- India Bulls Power Limited - India
- Minerals Council of Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Banpu Public Company Limited - Thailand
- Grasim Industreis Ltd - India
- Cement Manufacturers Association - India
- Sarangani Energy Corporation, Philippines
- Africa Commodities Group - South Africa
- Iligan Light & Power Inc, Philippines
- GMR Energy Limited - India
- New Zealand Coal & Carbon
- Georgia Ports Authority, United States
- Borneo Indobara - Indonesia
- Deloitte Consulting - India
- Indogreen Group - Indonesia
- Indika Energy - Indonesia
- VISA Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Metalloyd Limited - United Kingdom
- Madhucon Powers Ltd - India
- Savvy Resources Ltd - HongKong
- TNB Fuel Sdn Bhd - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Eastern Energy - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Samtan Co., Ltd - South Korea
- Vizag Seaport Private Limited - India
- Latin American Coal - Colombia
- Kideco Jaya Agung - Indonesia
- Central Java Power - Indonesia
- London Commodity Brokers - England
- Vedanta Resources Plc - India
- Thiess Contractors Indonesia
- Straits Asia Resources Limited - Singapore
- Binh Thuan Hamico - Vietnam
- White Energy Company Limited
- Trasteel International SA, Italy
- Kumho Petrochemical, South Korea
- Indo Tambangraya Megah - Indonesia
- Australian Coal Association
- PowerSource Philippines DevCo
- Sical Logistics Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Mercator Lines Limited - India
- Semirara Mining Corp, Philippines
- TeaM Sual Corporation - Philippines
- Baramulti Group, Indonesia
- Meralco Power Generation, Philippines
- SN Aboitiz Power Inc, Philippines
- Siam City Cement - Thailand
- Attock Cement Pakistan Limited
- Mercuria Energy - Indonesia
- Eastern Coal Council - USA
- Coal and Oil Company - UAE
- Goldman Sachs - Singapore
- Lanco Infratech Ltd - India
- Power Finance Corporation Ltd., India
- Bhatia International Limited - India
- Mjunction Services Limited - India
- Energy Development Corp, Philippines
- Jindal Steel & Power Ltd - India
- Indian Oil Corporation Limited
- Independent Power Producers Association of India
- Tamil Nadu electricity Board
- Port Waratah Coal Services - Australia
- European Bulk Services B.V. - Netherlands
- Ministry of Mines - Canada
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- International Coal Ventures Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Chamber of Mines of South Africa
- MS Steel International - UAE
- ASAPP Information Group - India
- Interocean Group of Companies - India
- Pendopo Energi Batubara - Indonesia
- IEA Clean Coal Centre - UK
- Heidelberg Cement - Germany
- CNBM International Corporation - China
- Indian Energy Exchange, India
- Sakthi Sugars Limited - India
- Gujarat Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Singapore Mercantile Exchange
- Manunggal Multi Energi - Indonesia
- Simpson Spence & Young - Indonesia
- Wilmar Investment Holdings
- Parliament of New Zealand
- Essar Steel Hazira Ltd - India
- Bayan Resources Tbk. - Indonesia
- Coastal Gujarat Power Limited - India
- Bukit Makmur.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- SMC Global Power, Philippines
- Barasentosa Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Videocon Industries ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kepco SPC Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Coalindo Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Alfred C Toepfer International GmbH - Germany
- San Jose City I Power Corp, Philippines
- Riau Bara Harum - Indonesia
- Gujarat Sidhee Cement - India
- Petron Corporation, Philippines
- Agrawal Coal Company - India
- Ceylon Electricity Board - Sri Lanka
- Orica Australia Pty. Ltd.
- Economic Council, Georgia
- Sindya Power Generating Company Private Ltd
- Dalmia Cement Bharat India
- Jaiprakash Power Ventures ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Finance - Indonesia
- Bhushan Steel Limited - India
- PNOC Exploration Corporation - Philippines
- SMG Consultants - Indonesia
- Intertek Mineral Services - Indonesia
- Central Electricity Authority - India
- Parry Sugars Refinery, India
- Siam City Cement PLC, Thailand
- PetroVietnam Power Coal Import and Supply Company
- Toyota Tsusho Corporation, Japan
- Cigading International Bulk Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Tata Chemicals Ltd - India
- Ind-Barath Power Infra Limited - India
- Bhoruka Overseas - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Commonwealth Bank - Australia
- ICICI Bank Limited - India
- Rio Tinto Coal - Australia
- Meenaskhi Energy Private Limited - India
- The University of Queensland
- Aboitiz Power Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Larsen & Toubro Limited - India
- Bulk Trading Sa - Switzerland
- Renaissance Capital - South Africa
- Thai Mozambique Logistica
- Merrill Lynch Commodities Europe
- Energy Link Ltd, New Zealand
- Wood Mackenzie - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Romanian Commodities Exchange
- The State Trading Corporation of India Ltd
- Star Paper Mills Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Price Waterhouse Coopers - Russia
- Formosa Plastics Group - Taiwan
- Kobexindo Tractors - Indoneisa
- Electricity Authority, New Zealand
- Chettinad Cement Corporation Ltd - India
- Global Green Power PLC Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Ambuja Cements Ltd - India
- Antam Resourcindo - Indonesia
- IHS Mccloskey Coal Group - USA
- Uttam Galva Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indonesian Coal Mining Association
- LBH Netherlands Bv - Netherlands
- Salva Resources Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Therma Luzon, Inc, Philippines
- Bangladesh Power Developement Board
- Makarim & Taira - Indonesia
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Standard Chartered Bank - UAE
- McConnell Dowell - Australia
- Malabar Cements Ltd - India
- Mintek Dendrill Indonesia
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