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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, 17 August 22
CHINA'S COAL-RICH SHANXI MAKES STRIDES IN HIGH-QUALITY DEVELOPMENT - XINHUA
Shanxi, a major coal-producing province in north China, has made continuous advances in high-quality development over the past decade, according to ...
Wednesday, 17 August 22
PAXOCEAN, HONG LAM MARINE AND BUREAU VERITAS SIGN MOU TO DEVELOP AMMONIA BUNKER VESSEL DESIGN - BUREAU VERITAS
PaxOcean Engineering Pte. Ltd. has signed a Memorandum of Understanding (MOU) with Singapore-based bunker vessel operator Hong Lam Marine and class ...
Wednesday, 17 August 22
GOODFUELSS ASIA-PACIFIC BRANCH KICKSTARTS SUSTAINABLE BIOFUEL DELIVERIES WITH NYK AS FIRST CLIENT - GOOD FUELS
GoodFuels, the leading biofuels pioneer for the global transport industry, has today announced that it has successfully supplied sustainable marine ...
Tuesday, 16 August 22
EU BAN ON RUSSIAN COAL IMPORTS COMES INTO FORCE - DEUTSCHE WELLE
The European Union banned Russian coal imports in response to the invasion of Ukraine as part of sanctions in April. Since then, it’s been sc ...
Thursday, 11 August 22
MARKET INSIGHT - INTERMODAL
On July 22nd, Ukraine signed a deal with Russia to release 22mn tons of grain from Ukraine’s 3 major ports (Yuzhny, Chornomorsk, Odesa). Such ...
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- Planning Commission, India
- Tata Chemicals Ltd - India
- TeaM Sual Corporation - Philippines
- IEA Clean Coal Centre - UK
- Siam City Cement - Thailand
- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- New Zealand Coal & Carbon
- Ambuja Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Ministry of Transport, Egypt
- Kohat Cement Company Ltd. - Pakistan
- Sakthi Sugars Limited - India
- Kumho Petrochemical, South Korea
- Coastal Gujarat Power Limited - India
- Carbofer General Trading SA - India
- Petron Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Agrawal Coal Company - India
- Indonesian Coal Mining Association
- Interocean Group of Companies - India
- Latin American Coal - Colombia
- Makarim & Taira - Indonesia
- Kapuas Tunggal Persada - Indonesia
- PNOC Exploration Corporation - Philippines
- Meralco Power Generation, Philippines
- Coalindo Energy - Indonesia
- Marubeni Corporation - India
- Maheswari Brothers Coal Limited - India
- Commonwealth Bank - Australia
- Salva Resources Pvt Ltd - India
- Indian Energy Exchange, India
- Goldman Sachs - Singapore
- Directorate Of Revenue Intelligence - India
- Bayan Resources Tbk. - Indonesia
- Africa Commodities Group - South Africa
- Parliament of New Zealand
- Bukit Baiduri Energy - Indonesia
- Bhushan Steel Limited - India
- CNBM International Corporation - China
- Timah Investasi Mineral - Indoneisa
- Malabar Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Chettinad Cement Corporation Ltd - India
- Orica Mining Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Indika Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- South Luzon Thermal Energy Corporation
- Semirara Mining Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Mercuria Energy - Indonesia
- SMC Global Power, Philippines
- Siam City Cement PLC, Thailand
- GVK Power & Infra Limited - India
- Price Waterhouse Coopers - Russia
- Ministry of Finance - Indonesia
- Sindya Power Generating Company Private Ltd
- Sree Jayajothi Cements Limited - India
- VISA Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Romanian Commodities Exchange
- Georgia Ports Authority, United States
- Star Paper Mills Limited - India
- MS Steel International - UAE
- Savvy Resources Ltd - HongKong
- Karbindo Abesyapradhi - Indoneisa
- Bulk Trading Sa - Switzerland
- Bahari Cakrawala Sebuku - Indonesia
- Indogreen Group - Indonesia
- GMR Energy Limited - India
- Sinarmas Energy and Mining - Indonesia
- Xindia Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Antam Resourcindo - Indonesia
- Orica Australia Pty. Ltd.
- The State Trading Corporation of India Ltd
- Posco Energy - South Korea
- Rashtriya Ispat Nigam Limited - India
- Barasentosa Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- White Energy Company Limited
- Edison Trading Spa - Italy
- Neyveli Lignite Corporation Ltd, - India
- Bukit Makmur.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- ASAPP Information Group - India
- Bangladesh Power Developement Board
- Eastern Energy - Thailand
- Therma Luzon, Inc, Philippines
- Minerals Council of Australia
- Attock Cement Pakistan Limited
- Grasim Industreis Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Green Power PLC Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Chamber of Mines of South Africa
- Cement Manufacturers Association - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sical Logistics Limited - India
- Indian Oil Corporation Limited
- Vijayanagar Sugar Pvt Ltd - India
- Anglo American - United Kingdom
- Vizag Seaport Private Limited - India
- Uttam Galva Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Coal Association
- Larsen & Toubro Limited - India
- Parry Sugars Refinery, India
- Wilmar Investment Holdings
- Mercator Lines Limited - India
- CIMB Investment Bank - Malaysia
- PTC India Limited - India
- Central Java Power - Indonesia
- ICICI Bank Limited - India
- Formosa Plastics Group - Taiwan
- Electricity Generating Authority of Thailand
- Krishnapatnam Port Company Ltd. - India
- SN Aboitiz Power Inc, Philippines
- Wood Mackenzie - Singapore
- Coal and Oil Company - UAE
- India Bulls Power Limited - India
- Merrill Lynch Commodities Europe
- Ind-Barath Power Infra Limited - India
- PowerSource Philippines DevCo
- Oldendorff Carriers - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- International Coal Ventures Pvt Ltd - India
- Madhucon Powers Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Economic Council, Georgia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vedanta Resources Plc - India
- Kepco SPC Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Videocon Industries ltd - India
- Thiess Contractors Indonesia
- Global Coal Blending Company Limited - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Renaissance Capital - South Africa
- Tamil Nadu electricity Board
- SMG Consultants - Indonesia
- London Commodity Brokers - England
- AsiaOL BioFuels Corp., Philippines
- Billiton Holdings Pty Ltd - Australia
- Dalmia Cement Bharat India
- Energy Link Ltd, New Zealand
- Toyota Tsusho Corporation, Japan
- Energy Development Corp, Philippines
- Standard Chartered Bank - UAE
- GN Power Mariveles Coal Plant, Philippines
- Jindal Steel & Power Ltd - India
- Global Business Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- LBH Netherlands Bv - Netherlands
- Riau Bara Harum - Indonesia
- Sojitz Corporation - Japan
- Rio Tinto Coal - Australia
- Bharathi Cement Corporation - India
- GAC Shipping (India) Pvt Ltd
- Kartika Selabumi Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Jorong Barutama Greston.PT - Indonesia
- Medco Energi Mining Internasional
- Gujarat Sidhee Cement - India
- Central Electricity Authority - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Baramulti Group, Indonesia
- Mjunction Services Limited - India
- Heidelberg Cement - Germany
- Mintek Dendrill Indonesia
- McConnell Dowell - Australia
- Maharashtra Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Intertek Mineral Services - Indonesia
- Aditya Birla Group - India
- Gujarat Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Kaltim Prima Coal - Indonesia
- Eastern Coal Council - USA
- Kideco Jaya Agung - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Singapore Mercantile Exchange
- Indo Tambangraya Megah - Indonesia
- Independent Power Producers Association of India
- Bhatia International Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Deloitte Consulting - India
- Australian Commodity Traders Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- Jaiprakash Power Ventures ltd
- Sarangani Energy Corporation, Philippines
- Port Waratah Coal Services - Australia
- Karaikal Port Pvt Ltd - India
- Lanco Infratech Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thai Mozambique Logistica
- Trasteel International SA, Italy
- Ceylon Electricity Board - Sri Lanka
- European Bulk Services B.V. - Netherlands
- Essar Steel Hazira Ltd - India
- Electricity Authority, New Zealand
- The Treasury - Australian Government
- Alfred C Toepfer International GmbH - Germany
- Ministry of Mines - Canada
- Borneo Indobara - Indonesia
- Power Finance Corporation Ltd., India
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