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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, 06 July 16
MARKET INSIGHT - VASSILIS VASSILIOU
After a fairly silent first half of the year in the ship repair sector, we have finally a harmonized workload in the shipyards around the world. Ma ...
Tuesday, 05 July 16
DRY BULK SHIPPING'S RECOVERY NOT SEEN UNTIL 2018 - SGX
SGX freight derivative volumes totaled 36,542 contracts in June (-28% m/m; +52% y/y), while open interest averaged 121,189 contracts during the mon ...
Tuesday, 05 July 16
SPOT COAL INDEXES FOR INDONESIAN COAL CONTINUE TO HOLD FIRM - CS COAL INDEX
COALspot.com: Average 5000 GAR coal index of Indonesian origin was up by 0.83 percent week over week to averaging $39.98 per ton this past week, sh ...
Monday, 04 July 16
INDONESIA COAL PRICE REFERENCE CLIMBED 2.30% IN JULY
COALspot.com: The Indonesia Coal Benchmark Price increased in July 2016.
The Director General of Mineral and Coal of Indonesia, the r ...
Monday, 04 July 16
BDI ROSE ON STRONGER DEMAND ACROSS ALL VESSEL SEGMENTS
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose this past week. The BDI was up 11.16 percent from la ...
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- Cement Manufacturers Association - India
- Mintek Dendrill Indonesia
- The Treasury - Australian Government
- Sical Logistics Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Coal and Oil Company - UAE
- Eastern Coal Council - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parry Sugars Refinery, India
- PNOC Exploration Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Economic Council, Georgia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Iligan Light & Power Inc, Philippines
- Meralco Power Generation, Philippines
- Vedanta Resources Plc - India
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- IHS Mccloskey Coal Group - USA
- Indogreen Group - Indonesia
- PowerSource Philippines DevCo
- Goldman Sachs - Singapore
- OPG Power Generation Pvt Ltd - India
- Singapore Mercantile Exchange
- Merrill Lynch Commodities Europe
- SMG Consultants - Indonesia
- European Bulk Services B.V. - Netherlands
- Aditya Birla Group - India
- Grasim Industreis Ltd - India
- Banpu Public Company Limited - Thailand
- Semirara Mining Corp, Philippines
- ASAPP Information Group - India
- Siam City Cement - Thailand
- Ministry of Finance - Indonesia
- Ind-Barath Power Infra Limited - India
- Posco Energy - South Korea
- SMC Global Power, Philippines
- Ceylon Electricity Board - Sri Lanka
- Kalimantan Lumbung Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
- Madhucon Powers Ltd - India
- Sarangani Energy Corporation, Philippines
- Antam Resourcindo - Indonesia
- Timah Investasi Mineral - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Maheswari Brothers Coal Limited - India
- Indian Oil Corporation Limited
- Borneo Indobara - Indonesia
- IEA Clean Coal Centre - UK
- White Energy Company Limited
- Mercuria Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- CNBM International Corporation - China
- Georgia Ports Authority, United States
- Barasentosa Lestari - Indonesia
- Parliament of New Zealand
- Toyota Tsusho Corporation, Japan
- Agrawal Coal Company - India
- Cigading International Bulk Terminal - Indonesia
- Xindia Steels Limited - India
- Planning Commission, India
- Star Paper Mills Limited - India
- PTC India Limited - India
- Central Electricity Authority - India
- Videocon Industries ltd - India
- Bhushan Steel Limited - India
- Bhatia International Limited - India
- TeaM Sual Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
- Indonesian Coal Mining Association
- Marubeni Corporation - India
- Indo Tambangraya Megah - Indonesia
- Kideco Jaya Agung - Indonesia
- Metalloyd Limited - United Kingdom
- Ministry of Transport, Egypt
- Kapuas Tunggal Persada - Indonesia
- Bangladesh Power Developement Board
- Kaltim Prima Coal - Indonesia
- GMR Energy Limited - India
- Mjunction Services Limited - India
- Standard Chartered Bank - UAE
- Kohat Cement Company Ltd. - Pakistan
- Australian Commodity Traders Exchange
- Simpson Spence & Young - Indonesia
- Tamil Nadu electricity Board
- Independent Power Producers Association of India
- London Commodity Brokers - England
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhoruka Overseas - Indonesia
- Baramulti Group, Indonesia
- Sree Jayajothi Cements Limited - India
- Coastal Gujarat Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
- Anglo American - United Kingdom
- Lanco Infratech Ltd - India
- McConnell Dowell - Australia
- The State Trading Corporation of India Ltd
- Pendopo Energi Batubara - Indonesia
- Ambuja Cements Ltd - India
- Minerals Council of Australia
- Aboitiz Power Corporation - Philippines
- Indika Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Sojitz Corporation - Japan
- Port Waratah Coal Services - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Savvy Resources Ltd - HongKong
- Eastern Energy - Thailand
- Orica Mining Services - Indonesia
- India Bulls Power Limited - India
- Australian Coal Association
- Binh Thuan Hamico - Vietnam
- Sindya Power Generating Company Private Ltd
- Essar Steel Hazira Ltd - India
- Siam City Cement PLC, Thailand
- MS Steel International - UAE
- Alfred C Toepfer International GmbH - Germany
- Dalmia Cement Bharat India
- Chamber of Mines of South Africa
- Directorate Of Revenue Intelligence - India
- Kartika Selabumi Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Energy Link Ltd, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- CIMB Investment Bank - Malaysia
- Formosa Plastics Group - Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Carbofer General Trading SA - India
- Neyveli Lignite Corporation Ltd, - India
- Petron Corporation, Philippines
- Wood Mackenzie - Singapore
- Holcim Trading Pte Ltd - Singapore
- Coalindo Energy - Indonesia
- Riau Bara Harum - Indonesia
- Mercator Lines Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Meenaskhi Energy Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Ministry of Mines - Canada
- Attock Cement Pakistan Limited
- GN Power Mariveles Coal Plant, Philippines
- Heidelberg Cement - Germany
- Trasteel International SA, Italy
- Oldendorff Carriers - Singapore
- Deloitte Consulting - India
- Energy Development Corp, Philippines
- Larsen & Toubro Limited - India
- Thiess Contractors Indonesia
- AsiaOL BioFuels Corp., Philippines
- Krishnapatnam Port Company Ltd. - India
- Asmin Koalindo Tuhup - Indonesia
- Medco Energi Mining Internasional
- Karaikal Port Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Karbindo Abesyapradhi - Indoneisa
- Price Waterhouse Coopers - Russia
- SN Aboitiz Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Renaissance Capital - South Africa
- Commonwealth Bank - Australia
- Romanian Commodities Exchange
- Samtan Co., Ltd - South Korea
- Thai Mozambique Logistica
- Bayan Resources Tbk. - Indonesia
- The University of Queensland
- Gujarat Sidhee Cement - India
- Electricity Authority, New Zealand
- Manunggal Multi Energi - Indonesia
- Global Business Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- GVK Power & Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Kumho Petrochemical, South Korea
- Vizag Seaport Private Limited - India
- Edison Trading Spa - Italy
- Electricity Generating Authority of Thailand
- TNB Fuel Sdn Bhd - Malaysia
- International Coal Ventures Pvt Ltd - India
- Indian Energy Exchange, India
- Bahari Cakrawala Sebuku - Indonesia
- Malabar Cements Ltd - India
- Latin American Coal - Colombia
- Therma Luzon, Inc, Philippines
- Bukit Makmur.PT - Indonesia
- ICICI Bank Limited - India
- Altura Mining Limited, Indonesia
- Global Green Power PLC Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Makarim & Taira - Indonesia
- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
- Central Java Power - Indonesia
- Chettinad Cement Corporation Ltd - India
- Salva Resources Pvt Ltd - India
- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- New Zealand Coal & Carbon
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- San Jose City I Power Corp, Philippines
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