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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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Thursday, 06 October 22
COAL INDIA ASKED TO ENHANCE SUPPLY TO THERMAL POWER PLANTS - IANS
With the festival season round the corner, Coal India Ltd. has been directed by the government to scale up dispatch to thermal power plants.
&n ...
Wednesday, 05 October 22
BUNKER PRICES DOWN AGAIN; IS THERE MORE TO COME? - INTEGR8 FUELS
It’s the economy…..”
VLSFO prices are now back to levels at the start of this year. After all the extremes of thi ...
Wednesday, 05 October 22
MARKET INSIGHT - INTERMODAL
Amid the looming western sanctions on Russia, the country is challenged to pivot its energy markets away from Europe and toward the East. Yet, Russ ...
Tuesday, 04 October 22
A REMARKABLE SHIFT IN FORTUNES HAS BEEN NOTED IN THE CRUDE OIL TANKER MARKETS - ALLIED SHIPPING
A remarkable shift in fortunes has been noted in the crude oil tanker markets over the past month, yet despite these shifts being seemingly in thei ...
Tuesday, 04 October 22
OIL PRICES COULD SOON RETURN TO $100 AS OPEC+ CONSIDERS ‘HISTORIC’ CUT, ANALYSTS SAY - CNBC
An influential alliance of some of the world’s most powerful oil producers is reportedly considering their largest output cut since the start ...
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Xindia Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Parry Sugars Refinery, India
- Indika Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Attock Cement Pakistan Limited
- Singapore Mercantile Exchange
- Price Waterhouse Coopers - Russia
- Oldendorff Carriers - Singapore
- Bayan Resources Tbk. - Indonesia
- Bharathi Cement Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Energy Development Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- IHS Mccloskey Coal Group - USA
- Commonwealth Bank - Australia
- Sakthi Sugars Limited - India
- Global Coal Blending Company Limited - Australia
- Indonesian Coal Mining Association
- Georgia Ports Authority, United States
- GMR Energy Limited - India
- Chamber of Mines of South Africa
- Billiton Holdings Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Ceylon Electricity Board - Sri Lanka
- San Jose City I Power Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- CNBM International Corporation - China
- Ind-Barath Power Infra Limited - India
- Independent Power Producers Association of India
- Vizag Seaport Private Limited - India
- ASAPP Information Group - India
- New Zealand Coal & Carbon
- Dalmia Cement Bharat India
- Sree Jayajothi Cements Limited - India
- Eastern Energy - Thailand
- Sical Logistics Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Edison Trading Spa - Italy
- Port Waratah Coal Services - Australia
- Rio Tinto Coal - Australia
- Madhucon Powers Ltd - India
- Parliament of New Zealand
- Binh Thuan Hamico - Vietnam
- The Treasury - Australian Government
- Karaikal Port Pvt Ltd - India
- Videocon Industries ltd - India
- Miang Besar Coal Terminal - Indonesia
- Goldman Sachs - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sinarmas Energy and Mining - Indonesia
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- IEA Clean Coal Centre - UK
- Australian Coal Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Link Ltd, New Zealand
- GAC Shipping (India) Pvt Ltd
- Formosa Plastics Group - Taiwan
- Toyota Tsusho Corporation, Japan
- Sojitz Corporation - Japan
- Wilmar Investment Holdings
- Aboitiz Power Corporation - Philippines
- GVK Power & Infra Limited - India
- Therma Luzon, Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Heidelberg Cement - Germany
- Metalloyd Limited - United Kingdom
- Marubeni Corporation - India
- Renaissance Capital - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Medco Energi Mining Internasional
- Directorate Of Revenue Intelligence - India
- Kepco SPC Power Corporation, Philippines
- Ministry of Mines - Canada
- Mjunction Services Limited - India
- Minerals Council of Australia
- Bangladesh Power Developement Board
- Bahari Cakrawala Sebuku - Indonesia
- Salva Resources Pvt Ltd - India
- Posco Energy - South Korea
- PowerSource Philippines DevCo
- Tata Chemicals Ltd - India
- Pendopo Energi Batubara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Mintek Dendrill Indonesia
- Semirara Mining Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Meralco Power Generation, Philippines
- Bhatia International Limited - India
- SMG Consultants - Indonesia
- Manunggal Multi Energi - Indonesia
- Cement Manufacturers Association - India
- Riau Bara Harum - Indonesia
- Globalindo Alam Lestari - Indonesia
- Ambuja Cements Ltd - India
- Electricity Generating Authority of Thailand
- MS Steel International - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- White Energy Company Limited
- Siam City Cement - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- Coastal Gujarat Power Limited - India
- CIMB Investment Bank - Malaysia
- Iligan Light & Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Sindya Power Generating Company Private Ltd
- Electricity Authority, New Zealand
- Mercator Lines Limited - India
- India Bulls Power Limited - India
- South Luzon Thermal Energy Corporation
- Kaltim Prima Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Orica Mining Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Maheswari Brothers Coal Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Aditya Birla Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ICICI Bank Limited - India
- Kapuas Tunggal Persada - Indonesia
- VISA Power Limited - India
- Altura Mining Limited, Indonesia
- Trasteel International SA, Italy
- Jaiprakash Power Ventures ltd
- Anglo American - United Kingdom
- Simpson Spence & Young - Indonesia
- Deloitte Consulting - India
- Romanian Commodities Exchange
- Chettinad Cement Corporation Ltd - India
- Kideco Jaya Agung - Indonesia
- London Commodity Brokers - England
- OPG Power Generation Pvt Ltd - India
- Central Electricity Authority - India
- PTC India Limited - India
- Tamil Nadu electricity Board
- SN Aboitiz Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Transport, Egypt
- Australian Commodity Traders Exchange
- Mercuria Energy - Indonesia
- Lanco Infratech Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Latin American Coal - Colombia
- Savvy Resources Ltd - HongKong
- Uttam Galva Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- The University of Queensland
- Coal and Oil Company - UAE
- Sarangani Energy Corporation, Philippines
- Kumho Petrochemical, South Korea
- Gujarat Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Planning Commission, India
- Straits Asia Resources Limited - Singapore
- Thai Mozambique Logistica
- GN Power Mariveles Coal Plant, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Timah Investasi Mineral - Indoneisa
- Meenaskhi Energy Private Limited - India
- Global Business Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Larsen & Toubro Limited - India
- Rashtriya Ispat Nigam Limited - India
- Central Java Power - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Agrawal Coal Company - India
- Bhoruka Overseas - Indonesia
- Star Paper Mills Limited - India
- Coalindo Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bukit Makmur.PT - Indonesia
- Thiess Contractors Indonesia
- McConnell Dowell - Australia
- Wood Mackenzie - Singapore
- TeaM Sual Corporation - Philippines
- Merrill Lynch Commodities Europe
- Vedanta Resources Plc - India
- Intertek Mineral Services - Indonesia
- Interocean Group of Companies - India
- Barasentosa Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Africa Commodities Group - South Africa
- Essar Steel Hazira Ltd - India
- Petron Corporation, Philippines
- Indian Oil Corporation Limited
- SMC Global Power, Philippines
- Malabar Cements Ltd - India
- Makarim & Taira - Indonesia
- Bhushan Steel Limited - India
- Economic Council, Georgia
- Borneo Indobara - Indonesia
- Ministry of Finance - Indonesia
- LBH Netherlands Bv - Netherlands
- Bukit Baiduri Energy - Indonesia
- Baramulti Group, Indonesia
- Kobexindo Tractors - Indoneisa
- Power Finance Corporation Ltd., India
- Gujarat Sidhee Cement - India
- Samtan Co., Ltd - South Korea
- Indogreen Group - Indonesia
- Carbofer General Trading SA - India
- European Bulk Services B.V. - Netherlands
- Indian Energy Exchange, India
- Orica Australia Pty. Ltd.
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