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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, 22 July 22
MARKET INSIGHT - INTERMODAL
Faced with uncertainty regarding the most cost-efficient alternative fuels and the future dominant method to reduce their greenhouse emissions, man ...
Friday, 22 July 22
YANCOAL AUSTRALIA CUTS 2022 COAL OUTPUT VIEW AS FLOODS, COVID BITE - REUTERS
Coal miner Yancoal Australia Ltd YAL.AX cut its 2022 output forecast on Wednesday, signalling a hit from higher-than-expected rainfall, COVID-19-le ...
Wednesday, 20 July 22
BOOST FOR BIOFUELS AS IMO REMOVES REGULATORY HURDLE - GARD
MARPOL Annex VI regulations were written for petroleum derived fuels but also apply to biofuels. It has been a challenge to meet the regulatory req ...
Wednesday, 20 July 22
INDONESIA’S COAL EXPORTS TO THE EU INCREASED SIGNIFICANTLY RECENTLY
European countries have increased coal imports from Indonesia due to the energy crisis that hit the region after Russia cuts gas exports to Europe. ...
Tuesday, 19 July 22
DRY BULK MARKET: CAPESIZE MARKET FIRMS THIS WEEK - BALTIC EXCHANGE
Capesize
Firmer sentiment across both basins pushed the Capesize 5TC route average above the $20,000 threshold this week, closing at $24,209. A ...
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- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- Orica Mining Services - Indonesia
- ICICI Bank Limited - India
- Pendopo Energi Batubara - Indonesia
- Tata Chemicals Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Agrawal Coal Company - India
- Global Business Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Indika Energy - Indonesia
- Sical Logistics Limited - India
- Grasim Industreis Ltd - India
- Georgia Ports Authority, United States
- Kideco Jaya Agung - Indonesia
- New Zealand Coal & Carbon
- Parry Sugars Refinery, India
- Directorate General of MIneral and Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Global Coal Blending Company Limited - Australia
- OPG Power Generation Pvt Ltd - India
- Ambuja Cements Ltd - India
- Barasentosa Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Sindya Power Generating Company Private Ltd
- CNBM International Corporation - China
- Sree Jayajothi Cements Limited - India
- Petron Corporation, Philippines
- Marubeni Corporation - India
- Metalloyd Limited - United Kingdom
- Heidelberg Cement - Germany
- Indian Oil Corporation Limited
- Manunggal Multi Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Romanian Commodities Exchange
- Bukit Baiduri Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Port Waratah Coal Services - Australia
- IHS Mccloskey Coal Group - USA
- European Bulk Services B.V. - Netherlands
- Straits Asia Resources Limited - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Malabar Cements Ltd - India
- Attock Cement Pakistan Limited
- TeaM Sual Corporation - Philippines
- GVK Power & Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- IEA Clean Coal Centre - UK
- SMC Global Power, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Altura Mining Limited, Indonesia
- Chamber of Mines of South Africa
- Parliament of New Zealand
- Australian Coal Association
- Larsen & Toubro Limited - India
- Power Finance Corporation Ltd., India
- Economic Council, Georgia
- Krishnapatnam Port Company Ltd. - India
- Ceylon Electricity Board - Sri Lanka
- Salva Resources Pvt Ltd - India
- Indonesian Coal Mining Association
- Toyota Tsusho Corporation, Japan
- Electricity Generating Authority of Thailand
- Mercator Lines Limited - India
- Edison Trading Spa - Italy
- Electricity Authority, New Zealand
- Planning Commission, India
- AsiaOL BioFuels Corp., Philippines
- Savvy Resources Ltd - HongKong
- Trasteel International SA, Italy
- Global Green Power PLC Corporation, Philippines
- Xindia Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Singapore Mercantile Exchange
- Meenaskhi Energy Private Limited - India
- Jindal Steel & Power Ltd - India
- Eastern Coal Council - USA
- Vizag Seaport Private Limited - India
- Chettinad Cement Corporation Ltd - India
- ASAPP Information Group - India
- Indogreen Group - Indonesia
- Independent Power Producers Association of India
- Intertek Mineral Services - Indonesia
- Price Waterhouse Coopers - Russia
- Central Java Power - Indonesia
- Australian Commodity Traders Exchange
- Bharathi Cement Corporation - India
- London Commodity Brokers - England
- Merrill Lynch Commodities Europe
- VISA Power Limited - India
- Meralco Power Generation, Philippines
- Mercuria Energy - Indonesia
- Siam City Cement - Thailand
- SMG Consultants - Indonesia
- Therma Luzon, Inc, Philippines
- Makarim & Taira - Indonesia
- Mjunction Services Limited - India
- Coastal Gujarat Power Limited - India
- Lanco Infratech Ltd - India
- Billiton Holdings Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Rashtriya Ispat Nigam Limited - India
- Dalmia Cement Bharat India
- McConnell Dowell - Australia
- Coal and Oil Company - UAE
- Ministry of Mines - Canada
- Offshore Bulk Terminal Pte Ltd, Singapore
- Standard Chartered Bank - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PowerSource Philippines DevCo
- Alfred C Toepfer International GmbH - Germany
- Banpu Public Company Limited - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Rio Tinto Coal - Australia
- Essar Steel Hazira Ltd - India
- South Luzon Thermal Energy Corporation
- Formosa Plastics Group - Taiwan
- Karaikal Port Pvt Ltd - India
- Sojitz Corporation - Japan
- PTC India Limited - India
- Kumho Petrochemical, South Korea
- Thiess Contractors Indonesia
- Vedanta Resources Plc - India
- Baramulti Group, Indonesia
- Leighton Contractors Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Neyveli Lignite Corporation Ltd, - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Interocean Group of Companies - India
- Kobexindo Tractors - Indoneisa
- The State Trading Corporation of India Ltd
- Bangladesh Power Developement Board
- Videocon Industries ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Commonwealth Bank - Australia
- Bukit Makmur.PT - Indonesia
- Gujarat Sidhee Cement - India
- Bukit Asam (Persero) Tbk - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Africa Commodities Group - South Africa
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- Sakthi Sugars Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Central Electricity Authority - India
- Semirara Mining Corp, Philippines
- Tamil Nadu electricity Board
- Kaltim Prima Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- The Treasury - Australian Government
- Jorong Barutama Greston.PT - Indonesia
- Samtan Co., Ltd - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Maheswari Brothers Coal Limited - India
- Kartika Selabumi Mining - Indonesia
- Coalindo Energy - Indonesia
- Bhushan Steel Limited - India
- Kapuas Tunggal Persada - Indonesia
- Wood Mackenzie - Singapore
- Carbofer General Trading SA - India
- Sarangani Energy Corporation, Philippines
- Riau Bara Harum - Indonesia
- Renaissance Capital - South Africa
- Semirara Mining and Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Minerals Council of Australia
- Borneo Indobara - Indonesia
- Aditya Birla Group - India
- Ind-Barath Power Infra Limited - India
- Latin American Coal - Colombia
- Goldman Sachs - Singapore
- International Coal Ventures Pvt Ltd - India
- White Energy Company Limited
- Bhatia International Limited - India
- Orica Australia Pty. Ltd.
- Cement Manufacturers Association - India
- Bhoruka Overseas - Indonesia
- San Jose City I Power Corp, Philippines
- GMR Energy Limited - India
- Bulk Trading Sa - Switzerland
- Energy Development Corp, Philippines
- Madhucon Powers Ltd - India
- Ministry of Finance - Indonesia
- SN Aboitiz Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Eastern Energy - Thailand
- Indian Energy Exchange, India
- Siam City Cement PLC, Thailand
- MS Steel International - UAE
- Posco Energy - South Korea
- Miang Besar Coal Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Oldendorff Carriers - Singapore
- Wilmar Investment Holdings
- Thai Mozambique Logistica
- Iligan Light & Power Inc, Philippines
- Anglo American - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- The University of Queensland
- Kohat Cement Company Ltd. - Pakistan
- Kalimantan Lumbung Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Ministry of Transport, Egypt
- Gujarat Mineral Development Corp Ltd - India
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