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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 $410.45 per ton on Tuesday on ICE Futures Europe, and touched a record earlier this year. European coal futures for next year rallied to an all-time high on Tuesday as Russia threatens to curb gas supplies to the continent, as reported by Bloomberg
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Friday, 10 April 15
DRY BULK MARKET'S DOWNFALL ALSO OFFER INVESTMENT BARGAINS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Dry bulk market rates have fallen to historical lows over the past few weeks, with no clear path of recovery, at least in the near term. As such, m ...
Thursday, 09 April 15
CAPESIZE: RATES ARE STILL DISAPPOINTING - FEARNLEYS
Handy
The handy market had a stronger sentiment before the Easter holidays, but have as the bigger panamaxes seen a softening tendency this week. ...
Wednesday, 08 April 15
DRY BULK MARKET SEEMS UNABLE TO CATCH A BREAK - INTERMODAL
COALspot.com: The Dry Bulk market seems unable to catch a break these days.
According to Intermodal, following the market stabilization that p ...
Wednesday, 08 April 15
CHINA BURNS HALF OF THE WORLD'S COAL - CHRISTOPHER T. WHITTY
Intermodal Weekly Market Update
China is the world's largest consumer of coal, using more coal each year than the United States, the Europ ...
Tuesday, 07 April 15
SUB-BIT FOB INDONESIA COAL SWAP KEEPS DROPPING; DROPPED 2% W-W
COALspot.com: Indonesian coal swap for delivery Q2 2015 declined month on month and week over week.
The Q2 swap was declined US$ 2.44 (5.14%) ...
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- Sindya Power Generating Company Private Ltd
- Latin American Coal - Colombia
- Port Waratah Coal Services - Australia
- Energy Link Ltd, New Zealand
- Karaikal Port Pvt Ltd - India
- Independent Power Producers Association of India
- Vedanta Resources Plc - India
- Billiton Holdings Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Indika Energy - Indonesia
- Mjunction Services Limited - India
- Sree Jayajothi Cements Limited - India
- Ceylon Electricity Board - Sri Lanka
- Singapore Mercantile Exchange
- Coastal Gujarat Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Baramulti Group, Indonesia
- Salva Resources Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Kalimantan Lumbung Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- San Jose City I Power Corp, Philippines
- Marubeni Corporation - India
- McConnell Dowell - Australia
- Cement Manufacturers Association - India
- Orica Mining Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Makarim & Taira - Indonesia
- Directorate Of Revenue Intelligence - India
- Lanco Infratech Ltd - India
- Kapuas Tunggal Persada - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
- GAC Shipping (India) Pvt Ltd
- Bulk Trading Sa - Switzerland
- Gujarat Sidhee Cement - India
- Manunggal Multi Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- MS Steel International - UAE
- Globalindo Alam Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Gujarat Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- Bahari Cakrawala Sebuku - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Global Business Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Samtan Co., Ltd - South Korea
- Standard Chartered Bank - UAE
- IEA Clean Coal Centre - UK
- Chamber of Mines of South Africa
- Georgia Ports Authority, United States
- Aboitiz Power Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- GMR Energy Limited - India
- Semirara Mining Corp, Philippines
- Eastern Energy - Thailand
- Larsen & Toubro Limited - India
- Minerals Council of Australia
- Grasim Industreis Ltd - India
- Price Waterhouse Coopers - Russia
- The State Trading Corporation of India Ltd
- Mercuria Energy - Indonesia
- Indian Oil Corporation Limited
- Wilmar Investment Holdings
- Global Green Power PLC Corporation, Philippines
- Sical Logistics Limited - India
- Pendopo Energi Batubara - Indonesia
- Indian Energy Exchange, India
- PetroVietnam Power Coal Import and Supply Company
- Timah Investasi Mineral - Indoneisa
- Interocean Group of Companies - India
- Directorate General of MIneral and Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Ambuja Cements Ltd - India
- Economic Council, Georgia
- Videocon Industries ltd - India
- Binh Thuan Hamico - Vietnam
- Maheswari Brothers Coal Limited - India
- Ministry of Transport, Egypt
- Kideco Jaya Agung - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- PTC India Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Thai Mozambique Logistica
- Agrawal Coal Company - India
- Attock Cement Pakistan Limited
- Altura Mining Limited, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Power Finance Corporation Ltd., India
- The Treasury - Australian Government
- Antam Resourcindo - Indonesia
- Anglo American - United Kingdom
- Heidelberg Cement - Germany
- Eastern Coal Council - USA
- Indo Tambangraya Megah - Indonesia
- Malabar Cements Ltd - India
- ASAPP Information Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhatia International Limited - India
- Banpu Public Company Limited - Thailand
- Kumho Petrochemical, South Korea
- ICICI Bank Limited - India
- Star Paper Mills Limited - India
- Parliament of New Zealand
- The University of Queensland
- Ministry of Mines - Canada
- Toyota Tsusho Corporation, Japan
- Australian Commodity Traders Exchange
- Romanian Commodities Exchange
- Kohat Cement Company Ltd. - Pakistan
- Holcim Trading Pte Ltd - Singapore
- Aditya Birla Group - India
- Jindal Steel & Power Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Vizag Seaport Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Bharathi Cement Corporation - India
- Bayan Resources Tbk. - Indonesia
- Mintek Dendrill Indonesia
- PNOC Exploration Corporation - Philippines
- SMG Consultants - Indonesia
- Siam City Cement PLC, Thailand
- Uttam Galva Steels Limited - India
- Africa Commodities Group - South Africa
- Indonesian Coal Mining Association
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Central Electricity Authority - India
- Therma Luzon, Inc, Philippines
- Posco Energy - South Korea
- Ministry of Finance - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thiess Contractors Indonesia
- CIMB Investment Bank - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Commonwealth Bank - Australia
- Goldman Sachs - Singapore
- Orica Australia Pty. Ltd.
- Bhoruka Overseas - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- GVK Power & Infra Limited - India
- CNBM International Corporation - China
- Bukit Asam (Persero) Tbk - Indonesia
- Medco Energi Mining Internasional
- Renaissance Capital - South Africa
- Bukit Makmur.PT - Indonesia
- White Energy Company Limited
- Kobexindo Tractors - Indoneisa
- Essar Steel Hazira Ltd - India
- South Luzon Thermal Energy Corporation
- Coal and Oil Company - UAE
- VISA Power Limited - India
- Tamil Nadu electricity Board
- India Bulls Power Limited - India
- Savvy Resources Ltd - HongKong
- TNB Fuel Sdn Bhd - Malaysia
- Central Java Power - Indonesia
- Parry Sugars Refinery, India
- New Zealand Coal & Carbon
- Rio Tinto Coal - Australia
- Sinarmas Energy and Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Barasentosa Lestari - Indonesia
- Madhucon Powers Ltd - India
- Indogreen Group - Indonesia
- Oldendorff Carriers - Singapore
- Meenaskhi Energy Private Limited - India
- Xindia Steels Limited - India
- Carbofer General Trading SA - India
- European Bulk Services B.V. - Netherlands
- Deloitte Consulting - India
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Mercator Lines Limited - India
- SMC Global Power, Philippines
- Kaltim Prima Coal - Indonesia
- Australian Coal Association
- London Commodity Brokers - England
- SN Aboitiz Power Inc, Philippines
- Siam City Cement - Thailand
- Electricity Authority, New Zealand
- Borneo Indobara - Indonesia
- Bangladesh Power Developement Board
- Simpson Spence & Young - Indonesia
- Meralco Power Generation, Philippines
- Merrill Lynch Commodities Europe
- Neyveli Lignite Corporation Ltd, - India
- PowerSource Philippines DevCo
- Metalloyd Limited - United Kingdom
- Edison Trading Spa - Italy
- Planning Commission, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- TeaM Sual Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Bhushan Steel Limited - India
- Rashtriya Ispat Nigam Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Petron Corporation, Philippines
- Riau Bara Harum - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Trasteel International SA, Italy
- Dalmia Cement Bharat India
- Sarangani Energy Corporation, Philippines
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