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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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Tuesday, 17 January 23
CHINA'S SHANXI TARGETS 2023 COAL PRODUCTION OF NEARLY 1.37B TONS - XINHUA
China’s coal-rich province of Shanxi has set a coal production target of nearly 1.37 billion metric tons for 2023, according to a government ...
Tuesday, 17 January 23
MARKET INSIGHT - INTERMODAL
Rumor has it that the New Year has come, to set the pace in, for Russia to continue hostilities against Ukraine. Ten months on the go, into Russia& ...
Tuesday, 17 January 23
INDONESIA IS ACCOUNTING FOR 32.3% OF THE GLOBAL SEABORNE COAL MARKET IN 2022 - BENCHERO COSTA
After a slow start in the first quarter, global coal trade has really picked up pace last year, and is now fully back to pre-Covid levels, Benchero ...
Tuesday, 10 January 23
INDONESIAN HBA IS SEEING A SPIKE IN JANUARY 2023 INSTEAD OF A SIGNIFICANT FALL IN DECEMBER 2022
COALspot.com: Indonesian Coal Price Reference up 8.43% in January 2023.
HBA is seeing a dramatic spike in January 2023 i ...
Sunday, 08 January 23
INDIAN COAL POWER PLANTS SHOULD BE COMPENSATED FOR 2022 FORCED GENERATION – REGULATOR : REUTERS
Indian power plants that rely on imported coal should be fully compensated when forced to supply electricity, the country’s power regulator s ...
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- Global Green Power PLC Corporation, Philippines
- Energy Development Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Africa Commodities Group - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sree Jayajothi Cements Limited - India
- Trasteel International SA, Italy
- Kideco Jaya Agung - Indonesia
- Maheswari Brothers Coal Limited - India
- Chettinad Cement Corporation Ltd - India
- Anglo American - United Kingdom
- Eastern Coal Council - USA
- Simpson Spence & Young - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Global Coal Blending Company Limited - Australia
- Commonwealth Bank - Australia
- Indian Oil Corporation Limited
- Petron Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Miang Besar Coal Terminal - Indonesia
- Renaissance Capital - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bangladesh Power Developement Board
- Essar Steel Hazira Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Formosa Plastics Group - Taiwan
- London Commodity Brokers - England
- Vedanta Resources Plc - India
- Bhatia International Limited - India
- Semirara Mining and Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Wood Mackenzie - Singapore
- Savvy Resources Ltd - HongKong
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- Siam City Cement PLC, Thailand
- McConnell Dowell - Australia
- Goldman Sachs - Singapore
- Borneo Indobara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- ICICI Bank Limited - India
- GAC Shipping (India) Pvt Ltd
- Metalloyd Limited - United Kingdom
- Romanian Commodities Exchange
- TeaM Sual Corporation - Philippines
- Minerals Council of Australia
- Grasim Industreis Ltd - India
- Mercuria Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Barasentosa Lestari - Indonesia
- Thiess Contractors Indonesia
- Star Paper Mills Limited - India
- Tata Chemicals Ltd - India
- Indika Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- VISA Power Limited - India
- CIMB Investment Bank - Malaysia
- Binh Thuan Hamico - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mjunction Services Limited - India
- Kaltim Prima Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Central Electricity Authority - India
- Bharathi Cement Corporation - India
- Kartika Selabumi Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- Jindal Steel & Power Ltd - India
- GMR Energy Limited - India
- Directorate Of Revenue Intelligence - India
- Orica Mining Services - Indonesia
- ASAPP Information Group - India
- Madhucon Powers Ltd - India
- Dalmia Cement Bharat India
- Timah Investasi Mineral - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Ministry of Finance - Indonesia
- Makarim & Taira - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parry Sugars Refinery, India
- Xindia Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Australian Coal Association
- Rio Tinto Coal - Australia
- Kobexindo Tractors - Indoneisa
- SMG Consultants - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- White Energy Company Limited
- Lanco Infratech Ltd - India
- Coalindo Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- PNOC Exploration Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Sinarmas Energy and Mining - Indonesia
- Bhushan Steel Limited - India
- Samtan Co., Ltd - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Planning Commission, India
- Sarangani Energy Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Billiton Holdings Pty Ltd - Australia
- CNBM International Corporation - China
- LBH Netherlands Bv - Netherlands
- Bulk Trading Sa - Switzerland
- Kalimantan Lumbung Energi - Indonesia
- Tamil Nadu electricity Board
- Straits Asia Resources Limited - Singapore
- Singapore Mercantile Exchange
- PTC India Limited - India
- Deloitte Consulting - India
- Gujarat Sidhee Cement - India
- Cement Manufacturers Association - India
- San Jose City I Power Corp, Philippines
- Videocon Industries ltd - India
- Electricity Authority, New Zealand
- Indian Energy Exchange, India
- Latin American Coal - Colombia
- Semirara Mining Corp, Philippines
- Attock Cement Pakistan Limited
- Australian Commodity Traders Exchange
- Bukit Baiduri Energy - Indonesia
- Edison Trading Spa - Italy
- Bhoruka Overseas - Indonesia
- Aboitiz Power Corporation - Philippines
- Port Waratah Coal Services - Australia
- GVK Power & Infra Limited - India
- Agrawal Coal Company - India
- Alfred C Toepfer International GmbH - Germany
- Meenaskhi Energy Private Limited - India
- Indogreen Group - Indonesia
- The University of Queensland
- Sical Logistics Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Economic Council, Georgia
- Price Waterhouse Coopers - Russia
- Globalindo Alam Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- The Treasury - Australian Government
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- Therma Luzon, Inc, Philippines
- India Bulls Power Limited - India
- Uttam Galva Steels Limited - India
- Parliament of New Zealand
- Cigading International Bulk Terminal - Indonesia
- Mintek Dendrill Indonesia
- Siam City Cement - Thailand
- Baramulti Group, Indonesia
- Ministry of Transport, Egypt
- Thai Mozambique Logistica
- Asmin Koalindo Tuhup - Indonesia
- Carbofer General Trading SA - India
- Power Finance Corporation Ltd., India
- Larsen & Toubro Limited - India
- SN Aboitiz Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- New Zealand Coal & Carbon
- Altura Mining Limited, Indonesia
- Malabar Cements Ltd - India
- Merrill Lynch Commodities Europe
- Interocean Group of Companies - India
- Meralco Power Generation, Philippines
- Sakthi Sugars Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Salva Resources Pvt Ltd - India
- Independent Power Producers Association of India
- Marubeni Corporation - India
- Medco Energi Mining Internasional
- Posco Energy - South Korea
- Krishnapatnam Port Company Ltd. - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aditya Birla Group - India
- Sojitz Corporation - Japan
- Pendopo Energi Batubara - Indonesia
- SMC Global Power, Philippines
- Central Java Power - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Global Business Power Corporation, Philippines
- Coal and Oil Company - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jorong Barutama Greston.PT - Indonesia
- Electricity Generating Authority of Thailand
- Oldendorff Carriers - Singapore
- Rashtriya Ispat Nigam Limited - India
- Wilmar Investment Holdings
- Banpu Public Company Limited - Thailand
- IEA Clean Coal Centre - UK
- Ambuja Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Heidelberg Cement - Germany
- Vizag Seaport Private Limited - India
- Riau Bara Harum - Indonesia
- MS Steel International - UAE
- Eastern Energy - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Orica Australia Pty. Ltd.
- South Luzon Thermal Energy Corporation
- Standard Chartered Bank - UAE
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Coastal Gujarat Power Limited - India
- PowerSource Philippines DevCo
- Kumho Petrochemical, South Korea
- Manunggal Multi Energi - Indonesia
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