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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 $410.45 per ton on Tuesday on ICE Futures Europe, and touched a record earlier this year. European coal futures for next year rallied to an all-time high on Tuesday as Russia threatens to curb gas supplies to the continent, as reported by Bloomberg
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Sunday, 08 March 15
FREIGHT RATES FROM INDONESIA TO INDIA IS TRENDING UP
COALspot.com: The freight market continued to see gains this week and all the indices were rose except for Cape index. The BDI was increased 4.62 p ...
Friday, 06 March 15
BALTIC DRY INDEX: IS THIS POWERFUL INDICATOR SIGNALING A GLOBAL RECESSION? - STREET AUTHORITY
Although memories of the Great Recession linger, a case can be made that better days lie ahead.
That’s because central banks around the ...
Friday, 06 March 15
U.S. WEEKLY COAL PRODUCTION ROSE 3.5% WEEK ON WEEK
COALspot.com – United States the world's one of the largest coal producers, produced approximately 17.1 million short tons (mmst) of coal ...
Thursday, 05 March 15
PANAMAX : THE ATLANTIC ROUND IS NOW PAYING AROUND US$ 5K PER DAY
COALspot.com: Handy - The activity in the handy/supra segment is back. “ We see more fresh cargo in the market for 2nd half March dates ...
Thursday, 05 March 15
INDIA WILL BE THE LARGEST DRIVER OF GLOBAL SEABORNE COKING COAL DEMAND GROWTH IN 2015 - WOOD MACKENZIE
Global demand growth will remain weak because of China’s negative demand growth.
COALspot.com: At Coaltrans India, Wood Mackenzie says I ...
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- MS Steel International - UAE
- Indonesian Coal Mining Association
- CNBM International Corporation - China
- Simpson Spence & Young - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Energy Development Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Sree Jayajothi Cements Limited - India
- Semirara Mining Corp, Philippines
- Jindal Steel & Power Ltd - India
- Ambuja Cements Ltd - India
- Global Business Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Vijayanagar Sugar Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Ind-Barath Power Infra Limited - India
- Thiess Contractors Indonesia
- Larsen & Toubro Limited - India
- London Commodity Brokers - England
- San Jose City I Power Corp, Philippines
- Dalmia Cement Bharat India
- Electricity Generating Authority of Thailand
- Global Green Power PLC Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Mercuria Energy - Indonesia
- Riau Bara Harum - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Asmin Koalindo Tuhup - Indonesia
- Antam Resourcindo - Indonesia
- SN Aboitiz Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Romanian Commodities Exchange
- Directorate General of MIneral and Coal - Indonesia
- Central Electricity Authority - India
- GMR Energy Limited - India
- Renaissance Capital - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Australian Coal Association
- Commonwealth Bank - Australia
- Kalimantan Lumbung Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Makarim & Taira - Indonesia
- ASAPP Information Group - India
- Directorate Of Revenue Intelligence - India
- Karbindo Abesyapradhi - Indoneisa
- Medco Energi Mining Internasional
- Deloitte Consulting - India
- Georgia Ports Authority, United States
- Pendopo Energi Batubara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Indo Tambangraya Megah - Indonesia
- Therma Luzon, Inc, Philippines
- Eastern Energy - Thailand
- Savvy Resources Ltd - HongKong
- Wilmar Investment Holdings
- Kideco Jaya Agung - Indonesia
- Bhushan Steel Limited - India
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- Orica Australia Pty. Ltd.
- Gujarat Sidhee Cement - India
- SMC Global Power, Philippines
- Attock Cement Pakistan Limited
- Australian Commodity Traders Exchange
- Essar Steel Hazira Ltd - India
- Leighton Contractors Pty Ltd - Australia
- VISA Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- Chettinad Cement Corporation Ltd - India
- Timah Investasi Mineral - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- Krishnapatnam Port Company Ltd. - India
- India Bulls Power Limited - India
- Jaiprakash Power Ventures ltd
- Minerals Council of Australia
- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Baramulti Group, Indonesia
- Madhucon Powers Ltd - India
- Maheswari Brothers Coal Limited - India
- Latin American Coal - Colombia
- Samtan Co., Ltd - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GAC Shipping (India) Pvt Ltd
- Uttam Galva Steels Limited - India
- Tamil Nadu electricity Board
- Bangladesh Power Developement Board
- Grasim Industreis Ltd - India
- PNOC Exploration Corporation - Philippines
- Intertek Mineral Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Lanco Infratech Ltd - India
- SMG Consultants - Indonesia
- Sical Logistics Limited - India
- Salva Resources Pvt Ltd - India
- Indian Energy Exchange, India
- Meralco Power Generation, Philippines
- Manunggal Multi Energi - Indonesia
- ICICI Bank Limited - India
- Siam City Cement - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Posco Energy - South Korea
- Parliament of New Zealand
- Barasentosa Lestari - Indonesia
- Anglo American - United Kingdom
- Coal and Oil Company - UAE
- GN Power Mariveles Coal Plant, Philippines
- Marubeni Corporation - India
- Sojitz Corporation - Japan
- Maharashtra Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Cigading International Bulk Terminal - Indonesia
- Interocean Group of Companies - India
- Kobexindo Tractors - Indoneisa
- Bulk Trading Sa - Switzerland
- PowerSource Philippines DevCo
- Vedanta Resources Plc - India
- Petron Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Carbofer General Trading SA - India
- Coastal Gujarat Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Heidelberg Cement - Germany
- Metalloyd Limited - United Kingdom
- Videocon Industries ltd - India
- Sakthi Sugars Limited - India
- Price Waterhouse Coopers - Russia
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- Bukit Asam (Persero) Tbk - Indonesia
- The State Trading Corporation of India Ltd
- Mjunction Services Limited - India
- Ministry of Finance - Indonesia
- Bukit Makmur.PT - Indonesia
- Borneo Indobara - Indonesia
- Thai Mozambique Logistica
- Bharathi Cement Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- European Bulk Services B.V. - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Oldendorff Carriers - Singapore
- Indogreen Group - Indonesia
- Star Paper Mills Limited - India
- Goldman Sachs - Singapore
- White Energy Company Limited
- PTC India Limited - India
- Sarangani Energy Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- The Treasury - Australian Government
- Banpu Public Company Limited - Thailand
- Planning Commission, India
- Karaikal Port Pvt Ltd - India
- Aditya Birla Group - India
- Chamber of Mines of South Africa
- Altura Mining Limited, Indonesia
- Indian Oil Corporation Limited
- Sindya Power Generating Company Private Ltd
- Malabar Cements Ltd - India
- Port Waratah Coal Services - Australia
- Siam City Cement PLC, Thailand
- Ministry of Mines - Canada
- Edison Trading Spa - Italy
- Binh Thuan Hamico - Vietnam
- Wood Mackenzie - Singapore
- Iligan Light & Power Inc, Philippines
- McConnell Dowell - Australia
- Tata Chemicals Ltd - India
- Eastern Coal Council - USA
- Economic Council, Georgia
- Bhoruka Overseas - Indonesia
- Africa Commodities Group - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kartika Selabumi Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Parry Sugars Refinery, India
- Ministry of Transport, Egypt
- Kaltim Prima Coal - Indonesia
- IEA Clean Coal Centre - UK
- South Luzon Thermal Energy Corporation
- Toyota Tsusho Corporation, Japan
- Xindia Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Agrawal Coal Company - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Trasteel International SA, Italy
- LBH Netherlands Bv - Netherlands
- Cement Manufacturers Association - India
- GVK Power & Infra Limited - India
- Electricity Authority, New Zealand
- New Zealand Coal & Carbon
- Indika Energy - Indonesia
- Vizag Seaport Private Limited - India
- Mercator Lines Limited - India
- Orica Mining Services - Indonesia
- The University of Queensland
- Petrochimia International Co. Ltd.- Taiwan
- Bhatia International Limited - India
- Global Coal Blending Company Limited - Australia
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