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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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Friday, 23 September 22
CHINA DIGS DEEP TO RAISE COAL OUTPUT TO RECORD HIGH - REUTERS
China’s coal production has surged this year as the government seeks to improve energy security by reducing dependence on imports and amassin ...
Friday, 23 September 22
EUROPEAN STEEL BUYERS SEEK DIRECTION IN VOLATILE MARKET - MEPS INTERNATIONAL
Demand for steel is slow to recover, after the summer break. Mill production costs continue to increase. Steel purchasers are uncertain about the f ...
Friday, 23 September 22
BUOYANT COAL INDUSTRY SEEKS WAYS TO STAY IN THE LONG-TERM ENERGY MIX - REUTERS
There’s no doubt that the global coal industry has been a major beneficiary of Russia’s invasion of Ukraine and the subsequent energy c ...
Friday, 23 September 22
MARKET INSIGHT - INTERMODAL
In view of the forthcoming winter, Europe is trying to escape from its energy (oil & gas) dependency from Russia to ensure energy abundance eve ...
Tuesday, 20 September 22
CHINA'S DAILY COAL OUTPUT HITS 3-MONTH LOW IN AUGUST ON RAINS, COVID CURBS - REUTERS
China’s daily coal output in August slipped to a three-month low as some mines in its biggest coal mining regions reduced operations or even ...
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- Romanian Commodities Exchange
- PNOC Exploration Corporation - Philippines
- Sojitz Corporation - Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Global Coal Blending Company Limited - Australia
- Kaltim Prima Coal - Indonesia
- Makarim & Taira - Indonesia
- Parry Sugars Refinery, India
- Directorate Of Revenue Intelligence - India
- Baramulti Group, Indonesia
- Australian Commodity Traders Exchange
- PowerSource Philippines DevCo
- Georgia Ports Authority, United States
- Siam City Cement PLC, Thailand
- Larsen & Toubro Limited - India
- Mercator Lines Limited - India
- Ministry of Finance - Indonesia
- Kobexindo Tractors - Indoneisa
- Orica Mining Services - Indonesia
- TeaM Sual Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Banpu Public Company Limited - Thailand
- Madhucon Powers Ltd - India
- CIMB Investment Bank - Malaysia
- Electricity Authority, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wood Mackenzie - Singapore
- Eastern Coal Council - USA
- Karaikal Port Pvt Ltd - India
- Minerals Council of Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Vizag Seaport Private Limited - India
- Anglo American - United Kingdom
- Thai Mozambique Logistica
- Billiton Holdings Pty Ltd - Australia
- Chamber of Mines of South Africa
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- San Jose City I Power Corp, Philippines
- ICICI Bank Limited - India
- Pendopo Energi Batubara - Indonesia
- Medco Energi Mining Internasional
- Bhatia International Limited - India
- Rio Tinto Coal - Australia
- Thiess Contractors Indonesia
- Simpson Spence & Young - Indonesia
- Renaissance Capital - South Africa
- Borneo Indobara - Indonesia
- Ambuja Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Global Business Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Kideco Jaya Agung - Indonesia
- Standard Chartered Bank - UAE
- Indonesian Coal Mining Association
- Heidelberg Cement - Germany
- MS Steel International - UAE
- Kartika Selabumi Mining - Indonesia
- Xindia Steels Limited - India
- Star Paper Mills Limited - India
- GVK Power & Infra Limited - India
- Interocean Group of Companies - India
- Mjunction Services Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meenaskhi Energy Private Limited - India
- Tata Chemicals Ltd - India
- LBH Netherlands Bv - Netherlands
- Port Waratah Coal Services - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Coal Association
- Grasim Industreis Ltd - India
- Essar Steel Hazira Ltd - India
- Riau Bara Harum - Indonesia
- Indogreen Group - Indonesia
- Eastern Energy - Thailand
- Formosa Plastics Group - Taiwan
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- Bukit Makmur.PT - Indonesia
- Sical Logistics Limited - India
- Kumho Petrochemical, South Korea
- Mintek Dendrill Indonesia
- Rashtriya Ispat Nigam Limited - India
- Independent Power Producers Association of India
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- Bhoruka Overseas - Indonesia
- SN Aboitiz Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- The University of Queensland
- Indian Oil Corporation Limited
- Alfred C Toepfer International GmbH - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Marubeni Corporation - India
- SMC Global Power, Philippines
- ASAPP Information Group - India
- Posco Energy - South Korea
- New Zealand Coal & Carbon
- Manunggal Multi Energi - Indonesia
- Coal and Oil Company - UAE
- Leighton Contractors Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Ind-Barath Power Infra Limited - India
- Energy Development Corp, Philippines
- Planning Commission, India
- Miang Besar Coal Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Petron Corporation, Philippines
- Parliament of New Zealand
- Economic Council, Georgia
- Indian Energy Exchange, India
- Malabar Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Edison Trading Spa - Italy
- Ministry of Mines - Canada
- Kohat Cement Company Ltd. - Pakistan
- London Commodity Brokers - England
- Pipit Mutiara Jaya. PT, Indonesia
- Merrill Lynch Commodities Europe
- Therma Luzon, Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Meralco Power Generation, Philippines
- Latin American Coal - Colombia
- Bhushan Steel Limited - India
- Africa Commodities Group - South Africa
- South Luzon Thermal Energy Corporation
- Aboitiz Power Corporation - Philippines
- VISA Power Limited - India
- Videocon Industries ltd - India
- IHS Mccloskey Coal Group - USA
- Orica Australia Pty. Ltd.
- Chettinad Cement Corporation Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Oldendorff Carriers - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Coalindo Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- GMR Energy Limited - India
- Lanco Infratech Ltd - India
- Iligan Light & Power Inc, Philippines
- Carbofer General Trading SA - India
- Cement Manufacturers Association - India
- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- PTC India Limited - India
- Samtan Co., Ltd - South Korea
- Aditya Birla Group - India
- Commonwealth Bank - Australia
- McConnell Dowell - Australia
- GAC Shipping (India) Pvt Ltd
- Global Green Power PLC Corporation, Philippines
- Altura Mining Limited, Indonesia
- Indo Tambangraya Megah - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- The Treasury - Australian Government
- Singapore Mercantile Exchange
- Price Waterhouse Coopers - Russia
- Bulk Trading Sa - Switzerland
- Straits Asia Resources Limited - Singapore
- Mercuria Energy - Indonesia
- Power Finance Corporation Ltd., India
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- Kalimantan Lumbung Energi - Indonesia
- White Energy Company Limited
- Cigading International Bulk Terminal - Indonesia
- India Bulls Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Agrawal Coal Company - India
- Indika Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Sakthi Sugars Limited - India
- Gujarat Sidhee Cement - India
- Vedanta Resources Plc - India
- Jaiprakash Power Ventures ltd
- Uttam Galva Steels Limited - India
- CNBM International Corporation - China
- Sree Jayajothi Cements Limited - India
- Kapuas Tunggal Persada - Indonesia
- Kepco SPC Power Corporation, Philippines
- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Bangladesh Power Developement Board
- Vijayanagar Sugar Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- Bharathi Cement Corporation - India
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
- Coastal Gujarat Power Limited - India
- IEA Clean Coal Centre - UK
- SMG Consultants - Indonesia
- International Coal Ventures Pvt Ltd - India
- Siam City Cement - Thailand
- Central Java Power - Indonesia
- Metalloyd Limited - United Kingdom
- Wilmar Investment Holdings
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