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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, 21 February 17
CHINA SUSPENDS COAL IMPORTS FROM NORTH KOREA FROM 19 FEB
COALspot.com: China is suspended coal imports from North Korea until December 2017. China says it will suspend all imports of coal from North Korea ...
Monday, 20 February 17
OCEAN FREIGHT RATES SLIGHTLY UP WEEK OVER WEEK
COALspot.com: The Freight market was firmed up this past week. The Panamax segment was declined for the week ending 17 February 2017.
The Balt ...
Friday, 17 February 17
U.S. COAL PRODUCTION SLIPS SLIGHTLY WEEK OVER WEEK, SAYS EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.5 million sh ...
Thursday, 16 February 17
CAPE MARKET HAVE EXPERIENCED A STRONG DOWNTURN - FEARNLEYS
Supramax
Market has shifted sides from Atlantic to Pacific, where Atlantic is now lagging behind with little action and sliding indices, notably ...
Thursday, 16 February 17
IF I PLAN TO UNDERTAKE A CHARTERPARTY WITH AN UNFAMILIAR ENTITY, WHAT STEPS CAN I TAKE TO ENSURE THE CHARTERER WILL PAY THEIR HIRE? - SHIPOWNERS' CLUB
KNOWLEDGE TO ELEVATE
Due to the difficult conditions currently existing in the shipping market, particularly in the offshore sector, Members a ...
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- Semirara Mining and Power Corporation, Philippines
- Videocon Industries ltd - India
- Intertek Mineral Services - Indonesia
- Eastern Coal Council - USA
- Mintek Dendrill Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Australian Coal Association
- Indonesian Coal Mining Association
- New Zealand Coal & Carbon
- Energy Development Corp, Philippines
- Indian Oil Corporation Limited
- Eastern Energy - Thailand
- Essar Steel Hazira Ltd - India
- Independent Power Producers Association of India
- Samtan Co., Ltd - South Korea
- Maheswari Brothers Coal Limited - India
- Chamber of Mines of South Africa
- Mjunction Services Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Georgia Ports Authority, United States
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
- Petrochimia International Co. Ltd.- Taiwan
- Trasteel International SA, Italy
- Deloitte Consulting - India
- Parry Sugars Refinery, India
- ASAPP Information Group - India
- Sarangani Energy Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Pendopo Energi Batubara - Indonesia
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- The State Trading Corporation of India Ltd
- Billiton Holdings Pty Ltd - Australia
- Edison Trading Spa - Italy
- Coastal Gujarat Power Limited - India
- Central Electricity Authority - India
- Kohat Cement Company Ltd. - Pakistan
- Energy Link Ltd, New Zealand
- Central Java Power - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Carbofer General Trading SA - India
- Renaissance Capital - South Africa
- Indika Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Petron Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- Interocean Group of Companies - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Banpu Public Company Limited - Thailand
- Anglo American - United Kingdom
- Oldendorff Carriers - Singapore
- Kartika Selabumi Mining - Indonesia
- Altura Mining Limited, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jindal Steel & Power Ltd - India
- Power Finance Corporation Ltd., India
- Toyota Tsusho Corporation, Japan
- Kapuas Tunggal Persada - Indonesia
- Rio Tinto Coal - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Jaiprakash Power Ventures ltd
- Marubeni Corporation - India
- Semirara Mining Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Bayan Resources Tbk. - Indonesia
- International Coal Ventures Pvt Ltd - India
- McConnell Dowell - Australia
- Global Business Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
- Gujarat Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Cement Manufacturers Association - India
- Planning Commission, India
- Port Waratah Coal Services - Australia
- Thai Mozambique Logistica
- Aditya Birla Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Baramulti Group, Indonesia
- Minerals Council of Australia
- Kobexindo Tractors - Indoneisa
- Australian Commodity Traders Exchange
- Directorate General of MIneral and Coal - Indonesia
- Romanian Commodities Exchange
- Thiess Contractors Indonesia
- Standard Chartered Bank - UAE
- Vizag Seaport Private Limited - India
- Parliament of New Zealand
- Sree Jayajothi Cements Limited - India
- Simpson Spence & Young - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Karaikal Port Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Sakthi Sugars Limited - India
- Latin American Coal - Colombia
- San Jose City I Power Corp, Philippines
- Agrawal Coal Company - India
- Grasim Industreis Ltd - India
- Larsen & Toubro Limited - India
- Sojitz Corporation - Japan
- PTC India Limited - India
- India Bulls Power Limited - India
- GMR Energy Limited - India
- Africa Commodities Group - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wood Mackenzie - Singapore
- Kumho Petrochemical, South Korea
- Ministry of Finance - Indonesia
- Goldman Sachs - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Meenaskhi Energy Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Star Paper Mills Limited - India
- Makarim & Taira - Indonesia
- Aboitiz Power Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Timah Investasi Mineral - Indoneisa
- Madhucon Powers Ltd - India
- Electricity Generating Authority of Thailand
- CNBM International Corporation - China
- Binh Thuan Hamico - Vietnam
- Medco Energi Mining Internasional
- Global Green Power PLC Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Cigading International Bulk Terminal - Indonesia
- Electricity Authority, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Straits Asia Resources Limited - Singapore
- Savvy Resources Ltd - HongKong
- Siam City Cement PLC, Thailand
- Tamil Nadu electricity Board
- AsiaOL BioFuels Corp., Philippines
- Dalmia Cement Bharat India
- Indo Tambangraya Megah - Indonesia
- Kaltim Prima Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Sidhee Cement - India
- Kalimantan Lumbung Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Vedanta Resources Plc - India
- Holcim Trading Pte Ltd - Singapore
- Coalindo Energy - Indonesia
- GVK Power & Infra Limited - India
- Coal and Oil Company - UAE
- White Energy Company Limited
- Commonwealth Bank - Australia
- Borneo Indobara - Indonesia
- Lanco Infratech Ltd - India
- Bharathi Cement Corporation - India
- Siam City Cement - Thailand
- Malabar Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ICICI Bank Limited - India
- Attock Cement Pakistan Limited
- Merrill Lynch Commodities Europe
- Bulk Trading Sa - Switzerland
- Antam Resourcindo - Indonesia
- Riau Bara Harum - Indonesia
- TeaM Sual Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Maharashtra Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Wilmar Investment Holdings
- Asmin Koalindo Tuhup - Indonesia
- Indogreen Group - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Mercuria Energy - Indonesia
- MS Steel International - UAE
- Meralco Power Generation, Philippines
- Uttam Galva Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Orica Australia Pty. Ltd.
- CIMB Investment Bank - Malaysia
- Economic Council, Georgia
- PowerSource Philippines DevCo
- VISA Power Limited - India
- Indian Energy Exchange, India
- Tata Chemicals Ltd - India
- Singapore Mercantile Exchange
- The University of Queensland
- Ministry of Transport, Egypt
- Price Waterhouse Coopers - Russia
- OPG Power Generation Pvt Ltd - India
- Posco Energy - South Korea
- Sical Logistics Limited - India
- Bangladesh Power Developement Board
- Rashtriya Ispat Nigam Limited - India
- Orica Mining Services - Indonesia
- Xindia Steels Limited - India
- The Treasury - Australian Government
- Salva Resources Pvt Ltd - India
- Bhatia International Limited - India
- Bhushan Steel Limited - India
- PNOC Exploration Corporation - Philippines
- Heidelberg Cement - Germany
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