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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, 03 December 14
SHIPPING MARKET INSIGHT - KONSTANTINOS KONTOMICHIS
The dry bulk market seems unable to turn sentiment round and is still looking for direction. The BCI's 887-point free fall last week had an obv ...
Wednesday, 03 December 14
CAPESIZE DRY BULK CARRIERS ENTER 2015 WITH MIXED FORTUNES, WITH A POSITIVE AND A NEGATIVE SCENARIO BOTH EMERGING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The future of the Capesize dry bulk market appears to be engulfed from mixed “feelings” among analysts and market participants, despite ...
Tuesday, 02 December 14
KEY PLAYERS SHED NEW PERSPECTIVES ON COAL MARKETS
Press Release: Singapore’s ONLY and longest established Coal Trade event. Whilst Coal prices remain challenging, there is widespread consensu ...
Tuesday, 02 December 14
KOMIPO INVITES BIDS FOR 585,000 METRIC TONS OF COAL FOR Q1'15
COALspot.com - Korea Midland Power Co. Ltd. (KOMIPO) is inviting bids for the supply of 585,000 Metric Tons of coal. According to invitation, 5700 ...
Tuesday, 02 December 14
U.S WEEKLY COAL PRODUCTION FELL 1.4% WEEK ON WEEK - EIA
COALspot.com – United States the world's one of the largest coal producers, produced approximately 18.6 million short tons (mmst) o ...
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- Lanco Infratech Ltd - India
- Cigading International Bulk Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Tata Chemicals Ltd - India
- McConnell Dowell - Australia
- Riau Bara Harum - Indonesia
- Central Electricity Authority - India
- Siam City Cement PLC, Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- PowerSource Philippines DevCo
- Sinarmas Energy and Mining - Indonesia
- Cement Manufacturers Association - India
- Holcim Trading Pte Ltd - Singapore
- Sarangani Energy Corporation, Philippines
- Bhatia International Limited - India
- Coal and Oil Company - UAE
- Altura Mining Limited, Indonesia
- Central Java Power - Indonesia
- Australian Coal Association
- Mjunction Services Limited - India
- Videocon Industries ltd - India
- Jaiprakash Power Ventures ltd
- San Jose City I Power Corp, Philippines
- Aboitiz Power Corporation - Philippines
- The Treasury - Australian Government
- Asmin Koalindo Tuhup - Indonesia
- Indika Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kobexindo Tractors - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Rio Tinto Coal - Australia
- IEA Clean Coal Centre - UK
- Power Finance Corporation Ltd., India
- Globalindo Alam Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Larsen & Toubro Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Parry Sugars Refinery, India
- Bayan Resources Tbk. - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- Sakthi Sugars Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- New Zealand Coal & Carbon
- Binh Thuan Hamico - Vietnam
- Maheswari Brothers Coal Limited - India
- CIMB Investment Bank - Malaysia
- Edison Trading Spa - Italy
- Baramulti Group, Indonesia
- Semirara Mining Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Ministry of Mines - Canada
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- Vizag Seaport Private Limited - India
- Toyota Tsusho Corporation, Japan
- Madhucon Powers Ltd - India
- Indo Tambangraya Megah - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Australian Commodity Traders Exchange
- Electricity Authority, New Zealand
- Singapore Mercantile Exchange
- Dalmia Cement Bharat India
- IHS Mccloskey Coal Group - USA
- Eastern Energy - Thailand
- Ambuja Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- London Commodity Brokers - England
- Antam Resourcindo - Indonesia
- Attock Cement Pakistan Limited
- TeaM Sual Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Price Waterhouse Coopers - Russia
- Ministry of Finance - Indonesia
- Coastal Gujarat Power Limited - India
- GVK Power & Infra Limited - India
- Posco Energy - South Korea
- Latin American Coal - Colombia
- Kideco Jaya Agung - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Independent Power Producers Association of India
- Kepco SPC Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Petron Corporation, Philippines
- Chamber of Mines of South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Agrawal Coal Company - India
- Interocean Group of Companies - India
- Mercator Lines Limited - India
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meenaskhi Energy Private Limited - India
- Intertek Mineral Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Energy Development Corp, Philippines
- South Luzon Thermal Energy Corporation
- Standard Chartered Bank - UAE
- Medco Energi Mining Internasional
- Leighton Contractors Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- SN Aboitiz Power Inc, Philippines
- Deloitte Consulting - India
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- Energy Link Ltd, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Aditya Birla Group - India
- Sindya Power Generating Company Private Ltd
- Planning Commission, India
- Romanian Commodities Exchange
- Indogreen Group - Indonesia
- Makarim & Taira - Indonesia
- Electricity Generating Authority of Thailand
- Jindal Steel & Power Ltd - India
- Bharathi Cement Corporation - India
- Tamil Nadu electricity Board
- Salva Resources Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ICICI Bank Limited - India
- Rashtriya Ispat Nigam Limited - India
- Thai Mozambique Logistica
- Chettinad Cement Corporation Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Africa Commodities Group - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Commonwealth Bank - Australia
- PetroVietnam Power Coal Import and Supply Company
- Bhushan Steel Limited - India
- Barasentosa Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Vedanta Resources Plc - India
- Kohat Cement Company Ltd. - Pakistan
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- Simpson Spence & Young - Indonesia
- Wood Mackenzie - Singapore
- Grasim Industreis Ltd - India
- Uttam Galva Steels Limited - India
- The University of Queensland
- Orica Mining Services - Indonesia
- SMG Consultants - Indonesia
- Indonesian Coal Mining Association
- Straits Asia Resources Limited - Singapore
- Indian Oil Corporation Limited
- SMC Global Power, Philippines
- AsiaOL BioFuels Corp., Philippines
- MS Steel International - UAE
- Kapuas Tunggal Persada - Indonesia
- Global Coal Blending Company Limited - Australia
- VISA Power Limited - India
- Mercuria Energy - Indonesia
- Ministry of Transport, Egypt
- Orica Australia Pty. Ltd.
- Eastern Coal Council - USA
- Bhoruka Overseas - Indonesia
- Mintek Dendrill Indonesia
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Wilmar Investment Holdings
- Georgia Ports Authority, United States
- Billiton Holdings Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- CNBM International Corporation - China
- Maharashtra Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Bukit Baiduri Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Star Paper Mills Limited - India
- Marubeni Corporation - India
- Karaikal Port Pvt Ltd - India
- Bangladesh Power Developement Board
- Indian Energy Exchange, India
- ASAPP Information Group - India
- Gujarat Mineral Development Corp Ltd - India
- Thiess Contractors Indonesia
- Samtan Co., Ltd - South Korea
- Sical Logistics Limited - India
- Kumho Petrochemical, South Korea
- PNOC Exploration Corporation - Philippines
- Economic Council, Georgia
- India Bulls Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Malabar Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Savvy Resources Ltd - HongKong
- Xindia Steels Limited - India
- Kaltim Prima Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Borneo Indobara - Indonesia
- White Energy Company Limited
- Global Business Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Iligan Light & Power Inc, Philippines
- Coalindo Energy - Indonesia
- Minerals Council of Australia
- Alfred C Toepfer International GmbH - Germany
- Heidelberg Cement - Germany
- Miang Besar Coal Terminal - Indonesia
- GMR Energy Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Carbofer General Trading SA - India
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