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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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Wednesday, 31 January 18
SHIPPING MARKET INSIGHT - TIMOS PAPADIMITRIOU
Days before the celebrations of the Lunar New Year, the dry bulk market seems to be holding well, against negative predictions. Period numbers repo ...
Monday, 29 January 18
BALTIC INDEX GAINS ON STRONGER BIG VESSEL ACTIVITY
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose this past week and ending on a positive note week ov ...
Monday, 29 January 18
U.S.WEEKLY COAL OUTPUT UP 8.7% W/W - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 14.6 million short tons ...
Wednesday, 24 January 18
SHIPPING MARKET INSIGHT - GEORGE ILIOPOULOS
Since the beginning of the New Year we have been witnessing the BDI correcting downwards, which nonetheless seems to have no effect at ...
Tuesday, 23 January 18
OIL MARKET ANALYSIS - ALLIED
Brent oil futures hit a three year high on January 16th touching around USD 70.30 before falling back down to around USD 68.60 at the Time of this ...
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Showing 1821 to 1825 news of total 6871 |
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- Semirara Mining Corp, Philippines
- Wilmar Investment Holdings
- Ceylon Electricity Board - Sri Lanka
- Economic Council, Georgia
- Uttam Galva Steels Limited - India
- Thai Mozambique Logistica
- Siam City Cement PLC, Thailand
- Banpu Public Company Limited - Thailand
- Chettinad Cement Corporation Ltd - India
- Eastern Energy - Thailand
- Tata Chemicals Ltd - India
- Timah Investasi Mineral - Indoneisa
- Indian Energy Exchange, India
- Sical Logistics Limited - India
- India Bulls Power Limited - India
- Mercuria Energy - Indonesia
- PowerSource Philippines DevCo
- Ministry of Finance - Indonesia
- Aboitiz Power Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Rio Tinto Coal - Australia
- Indo Tambangraya Megah - Indonesia
- Lanco Infratech Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Metalloyd Limited - United Kingdom
- Kumho Petrochemical, South Korea
- Salva Resources Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Bhatia International Limited - India
- Intertek Mineral Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Parry Sugars Refinery, India
- Jindal Steel & Power Ltd - India
- Africa Commodities Group - South Africa
- Binh Thuan Hamico - Vietnam
- Merrill Lynch Commodities Europe
- PTC India Limited - India
- Rashtriya Ispat Nigam Limited - India
- Sindya Power Generating Company Private Ltd
- Wood Mackenzie - Singapore
- Kideco Jaya Agung - Indonesia
- Simpson Spence & Young - Indonesia
- Globalindo Alam Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Pendopo Energi Batubara - Indonesia
- Vedanta Resources Plc - India
- Gujarat Sidhee Cement - India
- Thiess Contractors Indonesia
- Interocean Group of Companies - India
- The University of Queensland
- Independent Power Producers Association of India
- OPG Power Generation Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ICICI Bank Limited - India
- Energy Development Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Renaissance Capital - South Africa
- Tamil Nadu electricity Board
- Sinarmas Energy and Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- VISA Power Limited - India
- Edison Trading Spa - Italy
- Deloitte Consulting - India
- Port Waratah Coal Services - Australia
- Antam Resourcindo - Indonesia
- Eastern Coal Council - USA
- Medco Energi Mining Internasional
- CIMB Investment Bank - Malaysia
- Romanian Commodities Exchange
- Bukit Baiduri Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Baramulti Group, Indonesia
- Electricity Authority, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Therma Luzon, Inc, Philippines
- Savvy Resources Ltd - HongKong
- Makarim & Taira - Indonesia
- Ind-Barath Power Infra Limited - India
- The State Trading Corporation of India Ltd
- Toyota Tsusho Corporation, Japan
- Sakthi Sugars Limited - India
- Straits Asia Resources Limited - Singapore
- Larsen & Toubro Limited - India
- Goldman Sachs - Singapore
- ASAPP Information Group - India
- White Energy Company Limited
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Riau Bara Harum - Indonesia
- Mercator Lines Limited - India
- Bayan Resources Tbk. - Indonesia
- Central Electricity Authority - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indika Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Trasteel International SA, Italy
- Meenaskhi Energy Private Limited - India
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Malabar Cements Ltd - India
- Agrawal Coal Company - India
- Australian Commodity Traders Exchange
- International Coal Ventures Pvt Ltd - India
- Anglo American - United Kingdom
- Grasim Industreis Ltd - India
- Kartika Selabumi Mining - Indonesia
- Carbofer General Trading SA - India
- Ministry of Mines - Canada
- Madhucon Powers Ltd - India
- Barasentosa Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Dalmia Cement Bharat India
- Indogreen Group - Indonesia
- Marubeni Corporation - India
- Australian Coal Association
- Planning Commission, India
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
- Petron Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Vizag Seaport Private Limited - India
- LBH Netherlands Bv - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Oil Corporation Limited
- Miang Besar Coal Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Bharathi Cement Corporation - India
- Singapore Mercantile Exchange
- Parliament of New Zealand
- Bhushan Steel Limited - India
- Posco Energy - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Kepco SPC Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Georgia Ports Authority, United States
- Offshore Bulk Terminal Pte Ltd, Singapore
- Leighton Contractors Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Chamber of Mines of South Africa
- Power Finance Corporation Ltd., India
- European Bulk Services B.V. - Netherlands
- South Luzon Thermal Energy Corporation
- GVK Power & Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Orica Australia Pty. Ltd.
- GAC Shipping (India) Pvt Ltd
- Jaiprakash Power Ventures ltd
- Bulk Trading Sa - Switzerland
- Cement Manufacturers Association - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMG Consultants - Indonesia
- Star Paper Mills Limited - India
- Xindia Steels Limited - India
- CNBM International Corporation - China
- Standard Chartered Bank - UAE
- Central Java Power - Indonesia
- Borneo Indobara - Indonesia
- Manunggal Multi Energi - Indonesia
- Global Business Power Corporation, Philippines
- Orica Mining Services - Indonesia
- San Jose City I Power Corp, Philippines
- Aditya Birla Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Mjunction Services Limited - India
- Indonesian Coal Mining Association
- AsiaOL BioFuels Corp., Philippines
- Electricity Generating Authority of Thailand
- Price Waterhouse Coopers - Russia
- Kohat Cement Company Ltd. - Pakistan
- Attock Cement Pakistan Limited
- Petrochimia International Co. Ltd.- Taiwan
- Energy Link Ltd, New Zealand
- MS Steel International - UAE
- Oldendorff Carriers - Singapore
- New Zealand Coal & Carbon
- TeaM Sual Corporation - Philippines
- GMR Energy Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- McConnell Dowell - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- PNOC Exploration Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Commonwealth Bank - Australia
- Kapuas Tunggal Persada - Indonesia
- Latin American Coal - Colombia
- Ambuja Cements Ltd - India
- Bangladesh Power Developement Board
- Mintek Dendrill Indonesia
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Krishnapatnam Port Company Ltd. - India
- The Treasury - Australian Government
- Sojitz Corporation - Japan
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Ministry of Transport, Egypt
- Coal and Oil Company - UAE
- Videocon Industries ltd - India
- Alfred C Toepfer International GmbH - Germany
- SMC Global Power, Philippines
- Gujarat Electricity Regulatory Commission - India
- Minerals Council of Australia
- Bhoruka Overseas - Indonesia
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