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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, 03 December 15
PANAMAX BUSINESS REMAINED UNDER PRESSURE LAST WEEK
COALspot.com: Following the new record lows the Dry Bulk market witnessed the week prior, the BDI took a much needed breath during the past days.
...
Wednesday, 02 December 15
Q3' 16 FOB RICHARDS BAY COAL SWAP SLIGHTLY UP FOR THE THIRD STRAIGHT WEEK
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q1’ 2016 up month over month and fell week over week.
The Q1’ 2016 &nbs ...
Wednesday, 02 December 15
MARKET INSIGHT - VASSILIS LOGOTHETIS
Boom and bust cycles in commodity prices are not something rare, yet they have important implications both for the world economy in general and for ...
Tuesday, 01 December 15
FOB NEWCASTLE COAL SWAP UP THIS PAST WEEK
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2016 delivery slid $3.75 per ton (9.26%) month over month to US$ 36.75 per ton. The swap ...
Tuesday, 01 December 15
TANKERS VERSUS BULKERS - JUST PLAYING CATCH UP? - CLARKSONS
It’s now more than a year since the tanker market took off. In mid-2014 tanker earnings picked up and since then have been in the $30-$40,000 ...
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- TeaM Sual Corporation - Philippines
- Essar Steel Hazira Ltd - India
- GVK Power & Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Sakthi Sugars Limited - India
- The Treasury - Australian Government
- Carbofer General Trading SA - India
- Wood Mackenzie - Singapore
- Singapore Mercantile Exchange
- Rashtriya Ispat Nigam Limited - India
- Billiton Holdings Pty Ltd - Australia
- Lanco Infratech Ltd - India
- Toyota Tsusho Corporation, Japan
- Jorong Barutama Greston.PT - Indonesia
- Interocean Group of Companies - India
- Sarangani Energy Corporation, Philippines
- Bhatia International Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IEA Clean Coal Centre - UK
- Bukit Makmur.PT - Indonesia
- Mintek Dendrill Indonesia
- OPG Power Generation Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Bhushan Steel Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Borneo Indobara - Indonesia
- SMG Consultants - Indonesia
- International Coal Ventures Pvt Ltd - India
- Attock Cement Pakistan Limited
- Heidelberg Cement - Germany
- Minerals Council of Australia
- Leighton Contractors Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Electricity Generating Authority of Thailand
- South Luzon Thermal Energy Corporation
- Independent Power Producers Association of India
- McConnell Dowell - Australia
- Mjunction Services Limited - India
- Petron Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Therma Luzon, Inc, Philippines
- Price Waterhouse Coopers - Russia
- Ind-Barath Power Infra Limited - India
- Tata Chemicals Ltd - India
- GAC Shipping (India) Pvt Ltd
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- Aditya Birla Group - India
- Indogreen Group - Indonesia
- Pendopo Energi Batubara - Indonesia
- Directorate Of Revenue Intelligence - India
- Malabar Cements Ltd - India
- Latin American Coal - Colombia
- Madhucon Powers Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Uttam Galva Steels Limited - India
- Chamber of Mines of South Africa
- Sinarmas Energy and Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- ICICI Bank Limited - India
- Chettinad Cement Corporation Ltd - India
- Edison Trading Spa - Italy
- Kalimantan Lumbung Energi - Indonesia
- Global Business Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- London Commodity Brokers - England
- Trasteel International SA, Italy
- Bukit Baiduri Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Agrawal Coal Company - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PowerSource Philippines DevCo
- Indonesian Coal Mining Association
- Romanian Commodities Exchange
- Manunggal Multi Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Bulk Trading Sa - Switzerland
- Baramulti Group, Indonesia
- The University of Queensland
- Antam Resourcindo - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Africa Commodities Group - South Africa
- Marubeni Corporation - India
- Makarim & Taira - Indonesia
- CIMB Investment Bank - Malaysia
- Bangladesh Power Developement Board
- Karbindo Abesyapradhi - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Binh Thuan Hamico - Vietnam
- PNOC Exploration Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- PTC India Limited - India
- Bhoruka Overseas - Indonesia
- SN Aboitiz Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Altura Mining Limited, Indonesia
- Georgia Ports Authority, United States
- Anglo American - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Dalmia Cement Bharat India
- India Bulls Power Limited - India
- Ambuja Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Videocon Industries ltd - India
- Central Java Power - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Central Electricity Authority - India
- Xindia Steels Limited - India
- GMR Energy Limited - India
- Parliament of New Zealand
- Jindal Steel & Power Ltd - India
- Larsen & Toubro Limited - India
- New Zealand Coal & Carbon
- LBH Netherlands Bv - Netherlands
- Sindya Power Generating Company Private Ltd
- Iligan Light & Power Inc, Philippines
- Ministry of Transport, Egypt
- Tamil Nadu electricity Board
- Kumho Petrochemical, South Korea
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Deloitte Consulting - India
- Petrochimia International Co. Ltd.- Taiwan
- Banpu Public Company Limited - Thailand
- Oldendorff Carriers - Singapore
- Vizag Seaport Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- European Bulk Services B.V. - Netherlands
- Eastern Energy - Thailand
- Savvy Resources Ltd - HongKong
- Karaikal Port Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- VISA Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Indika Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Coal and Oil Company - UAE
- Simpson Spence & Young - Indonesia
- Coastal Gujarat Power Limited - India
- Australian Commodity Traders Exchange
- MS Steel International - UAE
- Power Finance Corporation Ltd., India
- Energy Development Corp, Philippines
- Goldman Sachs - Singapore
- Cement Manufacturers Association - India
- Ministry of Mines - Canada
- Bharathi Cement Corporation - India
- Indian Energy Exchange, India
- Vedanta Resources Plc - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- Sical Logistics Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Economic Council, Georgia
- Meralco Power Generation, Philippines
- Australian Coal Association
- Formosa Plastics Group - Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Ceylon Electricity Board - Sri Lanka
- Kobexindo Tractors - Indoneisa
- Riau Bara Harum - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- The State Trading Corporation of India Ltd
- Grasim Industreis Ltd - India
- Commonwealth Bank - Australia
- Indian Oil Corporation Limited
- Star Paper Mills Limited - India
- Ministry of Finance - Indonesia
- CNBM International Corporation - China
- Global Coal Blending Company Limited - Australia
- Bayan Resources Tbk. - Indonesia
- San Jose City I Power Corp, Philippines
- Siam City Cement PLC, Thailand
- Orica Australia Pty. Ltd.
- Merrill Lynch Commodities Europe
- Metalloyd Limited - United Kingdom
- Sojitz Corporation - Japan
- Standard Chartered Bank - UAE
- Medco Energi Mining Internasional
- Meenaskhi Energy Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Mercator Lines Limited - India
- Kepco SPC Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Wilmar Investment Holdings
- Eastern Coal Council - USA
- Semirara Mining and Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Thiess Contractors Indonesia
- Port Waratah Coal Services - Australia
- Planning Commission, India
- TNB Fuel Sdn Bhd - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Authority, New Zealand
- Siam City Cement - Thailand
- Renaissance Capital - South Africa
- Coalindo Energy - Indonesia
- SMC Global Power, Philippines
- Posco Energy - South Korea
- Kaltim Prima Coal - Indonesia
- White Energy Company Limited
- Rio Tinto Coal - Australia
- Thai Mozambique Logistica
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