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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 $410.45 per ton on Tuesday on ICE Futures Europe, and touched a record earlier this year. European coal futures for next year rallied to an all-time high on Tuesday as Russia threatens to curb gas supplies to the continent, as reported by Bloomberg
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Wednesday, 06 July 22
MARKET INSIGHT - INTERMODAL
Following the 3rd Decarbonizing Shipping Forum, held in Hamburg on June 2022, there has been a meaningful resurgence of discussions within the ship ...
Tuesday, 05 July 22
WHY ARE VLSFO PRICES SO HIGH, ESPECIALLY IN SINGAPORE? - STEVE CHRISTY, INTEGR8 FUELS
Tightness in products still trumps talks of recession
Last month we wrote about the fears of recession versus the tightness in product markets ...
Tuesday, 05 July 22
ADANI ENTERPRISES LOWEST BIDDER IN COAL INDIA'S IMPORT TENDER: REPORT - BUSINESS STANDARD
Coal India Ltd floated its first import tender on behalf of power companies, where Adani Enterprises Ltd came out to be the lowest bidder, a report ...
Tuesday, 05 July 22
CHINA POLICY KEY FOR IRON ORE OUTLOOK - ING
China’s covid lockdowns and recessionary risks hit iron ore
Iron ore prices have fallen significantly from their year-to-date high of US$ ...
Monday, 04 July 22
INDONESIAN COAL PRICE REFERENCE SLIGHTLY DOWN IN JULY
COALspot.com: Indonesian Coal Price Reference for July delivery drops 1.52 per cent month on month.
The Indonesian Coal Price Refere ...
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- Bangladesh Power Developement Board
- Indo Tambangraya Megah - Indonesia
- PNOC Exploration Corporation - Philippines
- London Commodity Brokers - England
- IHS Mccloskey Coal Group - USA
- Orica Australia Pty. Ltd.
- Bhatia International Limited - India
- New Zealand Coal & Carbon
- Timah Investasi Mineral - Indoneisa
- Orica Mining Services - Indonesia
- Electricity Authority, New Zealand
- Mercator Lines Limited - India
- Coastal Gujarat Power Limited - India
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
- Global Business Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ambuja Cements Ltd - India
- Riau Bara Harum - Indonesia
- The State Trading Corporation of India Ltd
- ASAPP Information Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Deloitte Consulting - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The University of Queensland
- Indogreen Group - Indonesia
- Bayan Resources Tbk. - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Planning Commission, India
- Miang Besar Coal Terminal - Indonesia
- PowerSource Philippines DevCo
- Singapore Mercantile Exchange
- Karaikal Port Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Tata Chemicals Ltd - India
- Bharathi Cement Corporation - India
- Indian Energy Exchange, India
- Rio Tinto Coal - Australia
- Sree Jayajothi Cements Limited - India
- Vedanta Resources Plc - India
- Therma Luzon, Inc, Philippines
- Savvy Resources Ltd - HongKong
- Meenaskhi Energy Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Altura Mining Limited, Indonesia
- PTC India Limited - India
- Kartika Selabumi Mining - Indonesia
- Coalindo Energy - Indonesia
- Commonwealth Bank - Australia
- Agrawal Coal Company - India
- Thai Mozambique Logistica
- Ministry of Transport, Egypt
- Barasentosa Lestari - Indonesia
- Grasim Industreis Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Dalmia Cement Bharat India
- AsiaOL BioFuels Corp., Philippines
- Electricity Generating Authority of Thailand
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Independent Power Producers Association of India
- Indian Oil Corporation Limited
- LBH Netherlands Bv - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Coal and Oil Company - UAE
- Bukit Baiduri Energy - Indonesia
- Africa Commodities Group - South Africa
- Jaiprakash Power Ventures ltd
- Tamil Nadu electricity Board
- Pendopo Energi Batubara - Indonesia
- Wilmar Investment Holdings
- Latin American Coal - Colombia
- Indonesian Coal Mining Association
- GVK Power & Infra Limited - India
- India Bulls Power Limited - India
- Straits Asia Resources Limited - Singapore
- Attock Cement Pakistan Limited
- Anglo American - United Kingdom
- Banpu Public Company Limited - Thailand
- Kepco SPC Power Corporation, Philippines
- Central Electricity Authority - India
- Jorong Barutama Greston.PT - Indonesia
- Mercuria Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Antam Resourcindo - Indonesia
- Power Finance Corporation Ltd., India
- Billiton Holdings Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Heidelberg Cement - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Goldman Sachs - Singapore
- Ministry of Finance - Indonesia
- CNBM International Corporation - China
- Kideco Jaya Agung - Indonesia
- Sakthi Sugars Limited - India
- Global Coal Blending Company Limited - Australia
- Georgia Ports Authority, United States
- Bukit Makmur.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Interocean Group of Companies - India
- Parry Sugars Refinery, India
- Standard Chartered Bank - UAE
- Bhushan Steel Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bahari Cakrawala Sebuku - Indonesia
- Vizag Seaport Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- SMG Consultants - Indonesia
- Samtan Co., Ltd - South Korea
- Port Waratah Coal Services - Australia
- OPG Power Generation Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Petron Corporation, Philippines
- Star Paper Mills Limited - India
- Price Waterhouse Coopers - Russia
- Oldendorff Carriers - Singapore
- Intertek Mineral Services - Indonesia
- Wood Mackenzie - Singapore
- Alfred C Toepfer International GmbH - Germany
- White Energy Company Limited
- Sindya Power Generating Company Private Ltd
- Borneo Indobara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sojitz Corporation - Japan
- Siam City Cement PLC, Thailand
- IEA Clean Coal Centre - UK
- Lanco Infratech Ltd - India
- TeaM Sual Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- Cement Manufacturers Association - India
- Medco Energi Mining Internasional
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
- Chamber of Mines of South Africa
- Thiess Contractors Indonesia
- Sarangani Energy Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Eastern Coal Council - USA
- Videocon Industries ltd - India
- Romanian Commodities Exchange
- Xindia Steels Limited - India
- Australian Coal Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Commodity Traders Exchange
- Uttam Galva Steels Limited - India
- Metalloyd Limited - United Kingdom
- Bhoruka Overseas - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kumho Petrochemical, South Korea
- Madhucon Powers Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Formosa Plastics Group - Taiwan
- Essar Steel Hazira Ltd - India
- Central Java Power - Indonesia
- CIMB Investment Bank - Malaysia
- Eastern Energy - Thailand
- Makarim & Taira - Indonesia
- Gujarat Sidhee Cement - India
- Economic Council, Georgia
- Aditya Birla Group - India
- SN Aboitiz Power Inc, Philippines
- MS Steel International - UAE
- Iligan Light & Power Inc, Philippines
- Renaissance Capital - South Africa
- Sical Logistics Limited - India
- Kobexindo Tractors - Indoneisa
- Indika Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Jindal Steel & Power Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Trasteel International SA, Italy
- Salva Resources Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Ministry of Mines - Canada
- Carbofer General Trading SA - India
- Energy Development Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Malabar Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- SMC Global Power, Philippines
- Binh Thuan Hamico - Vietnam
- Ind-Barath Power Infra Limited - India
- The Treasury - Australian Government
- Gujarat Mineral Development Corp Ltd - India
- Baramulti Group, Indonesia
- Globalindo Alam Lestari - Indonesia
- VISA Power Limited - India
- Posco Energy - South Korea
- Rashtriya Ispat Nigam Limited - India
- Kaltim Prima Coal - Indonesia
- Parliament of New Zealand
- Bulk Trading Sa - Switzerland
- Mjunction Services Limited - India
- Meralco Power Generation, Philippines
- Toyota Tsusho Corporation, Japan
- Ceylon Electricity Board - Sri Lanka
- Marubeni Corporation - India
- Simpson Spence & Young - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement - Thailand
- ICICI Bank Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Minerals Council of Australia
- GMR Energy Limited - India
- Mintek Dendrill Indonesia
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