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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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Sunday, 08 January 23
ELEVATED COAL PRICE A DRAG ON MARGINS OF DOMESTIC BASE METAL PLAYERS: ICRA
The increased price of coal continue to be a drag on the margin of domestic base metal players with no immediate relief in sight, rating agency ICR ...
Monday, 02 January 23
CHINA’S COAL CONSUMPTION TO PEAK BY 2035: REPORT - REUTERS
China’s primary energy consumption is likely to peak at nearly 6.03 billion tonnes of standard coal between 2030 and 2035, refining giant Chi ...
Thursday, 29 December 22
INDIA'S COAL DEMAND LIKELY TO PEAK BETWEEN 2030-2035: MINISTER - ANI
The demand for coal in India will continue and is likely to peak between 2030-2035, Union Minister of Coal, Mines, and Parliamentary Affairs Pralha ...
Thursday, 29 December 22
RIO TINTO AND PARTNERS COULD RECEIVE AS MUCH AS $450M IN GOVERNMENT COMPENSATION FOR COAL PRICE CAP - THE GUARDIAN
Compensation payments for the Gladstone power plant remain the sticking point in the federal government’s coal price cap compensation negotia ...
Wednesday, 28 December 22
MARKET INSIGHT - INTERMODAL
The United Nations Conference on Trade and Development (UNCTAD) published a Global Trade Update on December 13th highlighting that global trade wou ...
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- Kohat Cement Company Ltd. - Pakistan
- India Bulls Power Limited - India
- Tamil Nadu electricity Board
- Wood Mackenzie - Singapore
- Savvy Resources Ltd - HongKong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rashtriya Ispat Nigam Limited - India
- Commonwealth Bank - Australia
- Malabar Cements Ltd - India
- Electricity Authority, New Zealand
- Meenaskhi Energy Private Limited - India
- Price Waterhouse Coopers - Russia
- Simpson Spence & Young - Indonesia
- White Energy Company Limited
- Petron Corporation, Philippines
- Australian Commodity Traders Exchange
- Latin American Coal - Colombia
- Parliament of New Zealand
- Mercator Lines Limited - India
- Krishnapatnam Port Company Ltd. - India
- Gujarat Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Cigading International Bulk Terminal - Indonesia
- Indonesian Coal Mining Association
- Madhucon Powers Ltd - India
- Globalindo Alam Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Semirara Mining and Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Bhushan Steel Limited - India
- Videocon Industries ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Agrawal Coal Company - India
- Directorate General of MIneral and Coal - Indonesia
- Rio Tinto Coal - Australia
- Orica Mining Services - Indonesia
- Kideco Jaya Agung - Indonesia
- San Jose City I Power Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Karaikal Port Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Central Electricity Authority - India
- Maheswari Brothers Coal Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Port Waratah Coal Services - Australia
- Kaltim Prima Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- London Commodity Brokers - England
- Indogreen Group - Indonesia
- Sindya Power Generating Company Private Ltd
- Energy Development Corp, Philippines
- Eastern Energy - Thailand
- Jindal Steel & Power Ltd - India
- Sarangani Energy Corporation, Philippines
- Vizag Seaport Private Limited - India
- Eastern Coal Council - USA
- Altura Mining Limited, Indonesia
- Riau Bara Harum - Indonesia
- Anglo American - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining Corp, Philippines
- Siam City Cement - Thailand
- IHS Mccloskey Coal Group - USA
- Sree Jayajothi Cements Limited - India
- Karbindo Abesyapradhi - Indoneisa
- IEA Clean Coal Centre - UK
- Standard Chartered Bank - UAE
- Alfred C Toepfer International GmbH - Germany
- Vedanta Resources Plc - India
- AsiaOL BioFuels Corp., Philippines
- Tata Chemicals Ltd - India
- Makarim & Taira - Indonesia
- Thiess Contractors Indonesia
- Bulk Trading Sa - Switzerland
- Star Paper Mills Limited - India
- Bukit Baiduri Energy - Indonesia
- Coal and Oil Company - UAE
- Planning Commission, India
- Indian Energy Exchange, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Sojitz Corporation - Japan
- Independent Power Producers Association of India
- Renaissance Capital - South Africa
- Indo Tambangraya Megah - Indonesia
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- GMR Energy Limited - India
- TeaM Sual Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Mines - Canada
- Ministry of Finance - Indonesia
- Global Business Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- New Zealand Coal & Carbon
- Kumho Petrochemical, South Korea
- Uttam Galva Steels Limited - India
- Sakthi Sugars Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Samtan Co., Ltd - South Korea
- Essar Steel Hazira Ltd - India
- Chamber of Mines of South Africa
- Thai Mozambique Logistica
- Attock Cement Pakistan Limited
- PTC India Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- The Treasury - Australian Government
- Larsen & Toubro Limited - India
- Georgia Ports Authority, United States
- OPG Power Generation Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Ind-Barath Power Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Chettinad Cement Corporation Ltd - India
- Binh Thuan Hamico - Vietnam
- Central Java Power - Indonesia
- Directorate Of Revenue Intelligence - India
- Economic Council, Georgia
- Heidelberg Cement - Germany
- Indian Oil Corporation Limited
- SMC Global Power, Philippines
- Trasteel International SA, Italy
- Oldendorff Carriers - Singapore
- Carbofer General Trading SA - India
- SN Aboitiz Power Inc, Philippines
- Ministry of Transport, Egypt
- CNBM International Corporation - China
- Miang Besar Coal Terminal - Indonesia
- Marubeni Corporation - India
- Barasentosa Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Bharathi Cement Corporation - India
- Africa Commodities Group - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Therma Luzon, Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Lanco Infratech Ltd - India
- PNOC Exploration Corporation - Philippines
- Australian Coal Association
- Cement Manufacturers Association - India
- Sinarmas Energy and Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- Siam City Cement PLC, Thailand
- McConnell Dowell - Australia
- Ambuja Cements Ltd - India
- VISA Power Limited - India
- Aditya Birla Group - India
- Meralco Power Generation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- Dalmia Cement Bharat India
- CIMB Investment Bank - Malaysia
- Kepco SPC Power Corporation, Philippines
- Sical Logistics Limited - India
- Manunggal Multi Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Energy Link Ltd, New Zealand
- Mercuria Energy - Indonesia
- PowerSource Philippines DevCo
- Merrill Lynch Commodities Europe
- Jorong Barutama Greston.PT - Indonesia
- Xindia Steels Limited - India
- Borneo Indobara - Indonesia
- Wilmar Investment Holdings
- Global Coal Blending Company Limited - Australia
- Indika Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Power Finance Corporation Ltd., India
- Gujarat Mineral Development Corp Ltd - India
- Coalindo Energy - Indonesia
- ICICI Bank Limited - India
- Medco Energi Mining Internasional
- Leighton Contractors Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Interocean Group of Companies - India
- GAC Shipping (India) Pvt Ltd
- Bayan Resources Tbk. - Indonesia
- Goldman Sachs - Singapore
- Straits Asia Resources Limited - Singapore
- GVK Power & Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- MS Steel International - UAE
- Ceylon Electricity Board - Sri Lanka
- Singapore Mercantile Exchange
- Grasim Industreis Ltd - India
- Iligan Light & Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- SMG Consultants - Indonesia
- Timah Investasi Mineral - Indoneisa
- European Bulk Services B.V. - Netherlands
- Bangladesh Power Developement Board
- Mintek Dendrill Indonesia
- Salva Resources Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The University of Queensland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Minerals Council of Australia
- Baramulti Group, Indonesia
- ASAPP Information Group - India
- Posco Energy - South Korea
- Bhatia International Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Jaiprakash Power Ventures ltd
- Mjunction Services Limited - India
- Electricity Generating Authority of Thailand
- Orica Australia Pty. Ltd.
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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