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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, 14 July 22
INDIA'S COAL IMPORTS HIT RECORD HIGH IN JUNE - REUTERS
India's coal imports hit a record high in June despite high global prices, data from three trade sources and Refinitiv ship tracking showed, as ...
Thursday, 14 July 22
CHINA'S JUNE COAL IMPORTS SLUMP AS TRADERS SHUN EXPENSIVE OVERSEAS CARGOES - REUTERS
China’s coal imports fell 33% in June from a year ago, with traders turning down expensive overseas cargoes in favor of domestic ones with ca ...
Wednesday, 13 July 22
KOWEPO TO IMPORT 2.79 MILLION TONS OF LOW TO MEDIUM COAL
COALspot.com: Korea Western Power Co., Ltd. (KOWEPO) has issued an International tender for Total 1360k MT of Min.4400 kcal/kg NCV coal and Total 1 ...
Wednesday, 13 July 22
HAVE MINERS MISSED THE BOAT TO INVEST AND GET AHEAD OF THE ENERGY TRANSITION? - WOOD MACKENZIE
Miners are in rude health, benefiting from economic stimuli, the post-pandemic recovery and associated supply constraints. Initially the Ukraine wa ...
Wednesday, 13 July 22
MARKET INSIGHT - INTERMODAL
Taking the previous market insight a step further, market sentiment remains bullish regarding the overall ROI of scrubbers, facing tailwinds from a ...
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- Ministry of Finance - Indonesia
- Anglo American - United Kingdom
- Chamber of Mines of South Africa
- IHS Mccloskey Coal Group - USA
- Energy Development Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Xindia Steels Limited - India
- Coal and Oil Company - UAE
- The Treasury - Australian Government
- Kalimantan Lumbung Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Commonwealth Bank - Australia
- Edison Trading Spa - Italy
- Electricity Generating Authority of Thailand
- Carbofer General Trading SA - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Sical Logistics Limited - India
- Bhatia International Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- The University of Queensland
- San Jose City I Power Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Parliament of New Zealand
- Thai Mozambique Logistica
- Sinarmas Energy and Mining - Indonesia
- Ambuja Cements Ltd - India
- Mercator Lines Limited - India
- Deloitte Consulting - India
- Jindal Steel & Power Ltd - India
- Savvy Resources Ltd - HongKong
- Gujarat Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Marubeni Corporation - India
- Therma Luzon, Inc, Philippines
- Australian Coal Association
- ICICI Bank Limited - India
- Latin American Coal - Colombia
- Global Green Power PLC Corporation, Philippines
- Eastern Coal Council - USA
- The State Trading Corporation of India Ltd
- Simpson Spence & Young - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Indian Energy Exchange, India
- Pendopo Energi Batubara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Oldendorff Carriers - Singapore
- AsiaOL BioFuels Corp., Philippines
- Borneo Indobara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Asmin Koalindo Tuhup - Indonesia
- PTC India Limited - India
- Bhoruka Overseas - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Romanian Commodities Exchange
- Maharashtra Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Coalindo Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Thiess Contractors Indonesia
- India Bulls Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Ministry of Transport, Egypt
- Global Business Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Economic Council, Georgia
- European Bulk Services B.V. - Netherlands
- Intertek Mineral Services - Indonesia
- Standard Chartered Bank - UAE
- Energy Link Ltd, New Zealand
- Aboitiz Power Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Merrill Lynch Commodities Europe
- Mercuria Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Agrawal Coal Company - India
- McConnell Dowell - Australia
- Tamil Nadu electricity Board
- Singapore Mercantile Exchange
- Bharathi Cement Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement - Thailand
- CNBM International Corporation - China
- Medco Energi Mining Internasional
- Georgia Ports Authority, United States
- GN Power Mariveles Coal Plant, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Globalindo Alam Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Karaikal Port Pvt Ltd - India
- MS Steel International - UAE
- LBH Netherlands Bv - Netherlands
- Malabar Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Indogreen Group - Indonesia
- Aditya Birla Group - India
- IEA Clean Coal Centre - UK
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- VISA Power Limited - India
- Price Waterhouse Coopers - Russia
- Lanco Infratech Ltd - India
- Videocon Industries ltd - India
- Tata Chemicals Ltd - India
- Ministry of Mines - Canada
- Interocean Group of Companies - India
- Siam City Cement PLC, Thailand
- Gujarat Sidhee Cement - India
- Sree Jayajothi Cements Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Trasteel International SA, Italy
- GAC Shipping (India) Pvt Ltd
- Africa Commodities Group - South Africa
- Posco Energy - South Korea
- Orica Australia Pty. Ltd.
- Grasim Industreis Ltd - India
- White Energy Company Limited
- CIMB Investment Bank - Malaysia
- Australian Commodity Traders Exchange
- Larsen & Toubro Limited - India
- SN Aboitiz Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
- Sakthi Sugars Limited - India
- Indo Tambangraya Megah - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Uttam Galva Steels Limited - India
- Riau Bara Harum - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- Jorong Barutama Greston.PT - Indonesia
- Petron Corporation, Philippines
- SMC Global Power, Philippines
- Cement Manufacturers Association - India
- Planning Commission, India
- Vedanta Resources Plc - India
- Pipit Mutiara Jaya. PT, Indonesia
- SMG Consultants - Indonesia
- Indika Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Kideco Jaya Agung - Indonesia
- Eastern Energy - Thailand
- Alfred C Toepfer International GmbH - Germany
- Port Waratah Coal Services - Australia
- Neyveli Lignite Corporation Ltd, - India
- GVK Power & Infra Limited - India
- Makarim & Taira - Indonesia
- Maheswari Brothers Coal Limited - India
- Bayan Resources Tbk. - Indonesia
- Semirara Mining Corp, Philippines
- Renaissance Capital - South Africa
- Power Finance Corporation Ltd., India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meralco Power Generation, Philippines
- Bangladesh Power Developement Board
- Timah Investasi Mineral - Indoneisa
- Indonesian Coal Mining Association
- Minerals Council of Australia
- Mjunction Services Limited - India
- New Zealand Coal & Carbon
- Madhucon Powers Ltd - India
- Independent Power Producers Association of India
- Indian Oil Corporation Limited
- Altura Mining Limited, Indonesia
- Toyota Tsusho Corporation, Japan
- Central Electricity Authority - India
- Orica Mining Services - Indonesia
- Bukit Makmur.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Billiton Holdings Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Goldman Sachs - Singapore
- Attock Cement Pakistan Limited
- Krishnapatnam Port Company Ltd. - India
- TeaM Sual Corporation - Philippines
- Central Java Power - Indonesia
- Sojitz Corporation - Japan
- Vizag Seaport Private Limited - India
- Ind-Barath Power Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- South Luzon Thermal Energy Corporation
- Parry Sugars Refinery, India
- Sarangani Energy Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Star Paper Mills Limited - India
- Kartika Selabumi Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Chettinad Cement Corporation Ltd - India
- Kaltim Prima Coal - Indonesia
- Bulk Trading Sa - Switzerland
- London Commodity Brokers - England
- Rio Tinto Coal - Australia
- Bhushan Steel Limited - India
- Heidelberg Cement - Germany
- Ceylon Electricity Board - Sri Lanka
- Wilmar Investment Holdings
- Antam Resourcindo - Indonesia
- Sindya Power Generating Company Private Ltd
- ASAPP Information Group - India
- GMR Energy Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Kobexindo Tractors - Indoneisa
- Dalmia Cement Bharat India
- PowerSource Philippines DevCo
- Baramulti Group, Indonesia
- Electricity Authority, New Zealand
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