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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 May 17
MARKET INSIGHT - KONSTANTINOS KAKAVITSAS
In the next episode of the oil market; The market reacts to OPEC’s production cut extension, the US shale oil producers are ruining the carte ...
Tuesday, 30 May 17
MARKET ANALYSIS - GEORGE LAZARIDIS
Despite the fair performance that has been noted in the Chinese economy over the past 5 months, we have started to see an increase in the skepticis ...
Friday, 26 May 17
MOST COAL PLANTS IN THE UNITED STATES WERE BUILT BEFORE 1990 - EIA
Coal-fired electricity generators accounted for 25% of operating electricity generating capacity in the United States and generated about 30% of U. ...
Friday, 26 May 17
U.S WEEKLY COAL OUTPUT ESTIMATE UP 6.3% W/W
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 14.3 million short ton ...
Wednesday, 24 May 17
LR MARKET IT SEEMS THAT EARNINGS ARE STILL UNDER PRESSURE - INTERMODAL
As we are approaching the summer season, the Clean Product market appears poised to become more challenging, either on East or West of Suez.
L ...
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- Riau Bara Harum - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Lanco Infratech Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- PTC India Limited - India
- Altura Mining Limited, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Xindia Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Ministry of Mines - Canada
- McConnell Dowell - Australia
- Kaltim Prima Coal - Indonesia
- The State Trading Corporation of India Ltd
- Orica Australia Pty. Ltd.
- Barasentosa Lestari - Indonesia
- London Commodity Brokers - England
- CNBM International Corporation - China
- Salva Resources Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Goldman Sachs - Singapore
- Toyota Tsusho Corporation, Japan
- Sindya Power Generating Company Private Ltd
- Parliament of New Zealand
- Kapuas Tunggal Persada - Indonesia
- South Luzon Thermal Energy Corporation
- Indika Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Thiess Contractors Indonesia
- Formosa Plastics Group - Taiwan
- Posco Energy - South Korea
- Economic Council, Georgia
- Star Paper Mills Limited - India
- Straits Asia Resources Limited - Singapore
- Deloitte Consulting - India
- Eastern Energy - Thailand
- Central Electricity Authority - India
- Standard Chartered Bank - UAE
- Australian Commodity Traders Exchange
- Oldendorff Carriers - Singapore
- Meenaskhi Energy Private Limited - India
- Rio Tinto Coal - Australia
- Malabar Cements Ltd - India
- Tata Chemicals Ltd - India
- Bayan Resources Tbk. - Indonesia
- Madhucon Powers Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Borneo Indobara - Indonesia
- Aditya Birla Group - India
- Semirara Mining Corp, Philippines
- Latin American Coal - Colombia
- Carbofer General Trading SA - India
- Miang Besar Coal Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Independent Power Producers Association of India
- Siam City Cement - Thailand
- Central Java Power - Indonesia
- Electricity Authority, New Zealand
- European Bulk Services B.V. - Netherlands
- Samtan Co., Ltd - South Korea
- Siam City Cement PLC, Thailand
- Binh Thuan Hamico - Vietnam
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- Power Finance Corporation Ltd., India
- Makarim & Taira - Indonesia
- Agrawal Coal Company - India
- Bhoruka Overseas - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Simpson Spence & Young - Indonesia
- Minerals Council of Australia
- Rashtriya Ispat Nigam Limited - India
- Sakthi Sugars Limited - India
- SMC Global Power, Philippines
- Africa Commodities Group - South Africa
- Iligan Light & Power Inc, Philippines
- ASAPP Information Group - India
- Wilmar Investment Holdings
- Bahari Cakrawala Sebuku - Indonesia
- Medco Energi Mining Internasional
- Timah Investasi Mineral - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Energy Link Ltd, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Neyveli Lignite Corporation Ltd, - India
- Ambuja Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Indian Energy Exchange, India
- Parry Sugars Refinery, India
- Trasteel International SA, Italy
- Baramulti Group, Indonesia
- Indo Tambangraya Megah - Indonesia
- The University of Queensland
- Petrochimia International Co. Ltd.- Taiwan
- Maheswari Brothers Coal Limited - India
- Leighton Contractors Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- New Zealand Coal & Carbon
- Anglo American - United Kingdom
- Ministry of Finance - Indonesia
- White Energy Company Limited
- Marubeni Corporation - India
- San Jose City I Power Corp, Philippines
- Therma Luzon, Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Romanian Commodities Exchange
- Georgia Ports Authority, United States
- Antam Resourcindo - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Larsen & Toubro Limited - India
- Sarangani Energy Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Cement Manufacturers Association - India
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- MS Steel International - UAE
- Chettinad Cement Corporation Ltd - India
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- Mercuria Energy - Indonesia
- Planning Commission, India
- Sojitz Corporation - Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GMR Energy Limited - India
- Merrill Lynch Commodities Europe
- Grasim Industreis Ltd - India
- Chamber of Mines of South Africa
- ICICI Bank Limited - India
- Petron Corporation, Philippines
- Uttam Galva Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Essar Steel Hazira Ltd - India
- SN Aboitiz Power Inc, Philippines
- Singapore Mercantile Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Savvy Resources Ltd - HongKong
- Global Green Power PLC Corporation, Philippines
- Sical Logistics Limited - India
- Australian Coal Association
- Kumho Petrochemical, South Korea
- Bhatia International Limited - India
- Electricity Generating Authority of Thailand
- Banpu Public Company Limited - Thailand
- Manunggal Multi Energi - Indonesia
- Gujarat Sidhee Cement - India
- Commonwealth Bank - Australia
- Kohat Cement Company Ltd. - Pakistan
- Directorate Of Revenue Intelligence - India
- Kartika Selabumi Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Vedanta Resources Plc - India
- Bhushan Steel Limited - India
- PowerSource Philippines DevCo
- GAC Shipping (India) Pvt Ltd
- Wood Mackenzie - Singapore
- Bulk Trading Sa - Switzerland
- Ministry of Transport, Egypt
- GVK Power & Infra Limited - India
- Mjunction Services Limited - India
- Mercator Lines Limited - India
- AsiaOL BioFuels Corp., Philippines
- Dalmia Cement Bharat India
- Indonesian Coal Mining Association
- Gujarat Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Globalindo Alam Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sree Jayajothi Cements Limited - India
- Attock Cement Pakistan Limited
- LBH Netherlands Bv - Netherlands
- Heidelberg Cement - Germany
- Cigading International Bulk Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Tamil Nadu electricity Board
- Orica Mining Services - Indonesia
- VISA Power Limited - India
- Vizag Seaport Private Limited - India
- The Treasury - Australian Government
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thai Mozambique Logistica
- Pendopo Energi Batubara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Interocean Group of Companies - India
- Gujarat Mineral Development Corp Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Global Business Power Corporation, Philippines
- Energy Development Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- Indian Oil Corporation Limited
- Metalloyd Limited - United Kingdom
- SMG Consultants - Indonesia
- Coalindo Energy - Indonesia
- Port Waratah Coal Services - Australia
- International Coal Ventures Pvt Ltd - India
- India Bulls Power Limited - India
- Mintek Dendrill Indonesia
- Edison Trading Spa - Italy
- Eastern Coal Council - USA
- Bangladesh Power Developement Board
- IHS Mccloskey Coal Group - USA
- TNB Fuel Sdn Bhd - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kobexindo Tractors - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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