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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, 20 January 22
CHINESE COAL JUMPS OVER 6% ON PRE-HOLIDAY SUPPLY WORRY - REUTERS
China’s thermal coal futures soared more than 6% on Wednesday, hitting a level last seen in late November as investors grew concerned over ti ...
Thursday, 20 January 22
VIETNAM: COAL SECTOR SEES POSITIVE PROSPECT IN 2022 - VNA
With many signs of rising demand for coal in various economic sectors in 2022, the Vietnam National Coal – Mineral Industries Group (Vinacomi ...
Wednesday, 19 January 22
MARKET INSIGHT - INTERMODAL
Since the beginning of the year, we have been witnessing the BDI correcting downwards with sizable drops across all segments. Latest similar levels ...
Sunday, 09 January 22
INDONESIA MINISTER SAYS 'EMERGENCY OVER' ON COAL SUPPLY CRUNCH - REUTERS
Indonesia’s power emergency which has triggered a coal export ban is over but the government will still continue to discuss policies in this ...
Wednesday, 05 January 22
CHINA COAL FUTURES SURGE ON SUPPLY WORRIES AMID INDONESIA EXPORT BAN - REUTERS
China’s thermal coal futures surged by as much as 7.8per cent to kick off 2022 on concerns of supply disruptions after Indonesia, its biggest ...
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- TeaM Sual Corporation - Philippines
- Vizag Seaport Private Limited - India
- Siam City Cement - Thailand
- Bayan Resources Tbk. - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Port Waratah Coal Services - Australia
- Africa Commodities Group - South Africa
- Bulk Trading Sa - Switzerland
- Commonwealth Bank - Australia
- Bangladesh Power Developement Board
- Gujarat Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Mercator Lines Limited - India
- Independent Power Producers Association of India
- Xindia Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Sojitz Corporation - Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Aditya Birla Group - India
- Directorate General of MIneral and Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Deloitte Consulting - India
- Sakthi Sugars Limited - India
- Banpu Public Company Limited - Thailand
- Uttam Galva Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- ASAPP Information Group - India
- Australian Commodity Traders Exchange
- Timah Investasi Mineral - Indoneisa
- Formosa Plastics Group - Taiwan
- SMG Consultants - Indonesia
- Borneo Indobara - Indonesia
- ICICI Bank Limited - India
- Economic Council, Georgia
- Indian Energy Exchange, India
- Georgia Ports Authority, United States
- Wood Mackenzie - Singapore
- Coal and Oil Company - UAE
- Samtan Co., Ltd - South Korea
- Central Java Power - Indonesia
- PNOC Exploration Corporation - Philippines
- Star Paper Mills Limited - India
- Ceylon Electricity Board - Sri Lanka
- VISA Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Merrill Lynch Commodities Europe
- Petron Corporation, Philippines
- IEA Clean Coal Centre - UK
- Altura Mining Limited, Indonesia
- Cement Manufacturers Association - India
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Grasim Industreis Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Neyveli Lignite Corporation Ltd, - India
- Meralco Power Generation, Philippines
- Mercuria Energy - Indonesia
- Siam City Cement PLC, Thailand
- Ambuja Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Authority, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Tamil Nadu electricity Board
- Miang Besar Coal Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Indogreen Group - Indonesia
- Electricity Generating Authority of Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Anglo American - United Kingdom
- Salva Resources Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Trasteel International SA, Italy
- Petrochimia International Co. Ltd.- Taiwan
- India Bulls Power Limited - India
- Bharathi Cement Corporation - India
- PowerSource Philippines DevCo
- Kaltim Prima Coal - Indonesia
- Videocon Industries ltd - India
- San Jose City I Power Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maheswari Brothers Coal Limited - India
- Alfred C Toepfer International GmbH - Germany
- Larsen & Toubro Limited - India
- Essar Steel Hazira Ltd - India
- PTC India Limited - India
- South Luzon Thermal Energy Corporation
- Maharashtra Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Antam Resourcindo - Indonesia
- Energy Development Corp, Philippines
- Sarangani Energy Corporation, Philippines
- CNBM International Corporation - China
- Kobexindo Tractors - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Attock Cement Pakistan Limited
- Bhushan Steel Limited - India
- Thai Mozambique Logistica
- GN Power Mariveles Coal Plant, Philippines
- LBH Netherlands Bv - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Price Waterhouse Coopers - Russia
- OPG Power Generation Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Kohat Cement Company Ltd. - Pakistan
- Global Business Power Corporation, Philippines
- Indonesian Coal Mining Association
- Central Electricity Authority - India
- Gujarat Sidhee Cement - India
- Binh Thuan Hamico - Vietnam
- Bhatia International Limited - India
- Savvy Resources Ltd - HongKong
- Manunggal Multi Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Vedanta Resources Plc - India
- Interocean Group of Companies - India
- International Coal Ventures Pvt Ltd - India
- Eastern Coal Council - USA
- IHS Mccloskey Coal Group - USA
- Kartika Selabumi Mining - Indonesia
- Orica Australia Pty. Ltd.
- Sinarmas Energy and Mining - Indonesia
- Latin American Coal - Colombia
- The State Trading Corporation of India Ltd
- Energy Link Ltd, New Zealand
- The University of Queensland
- Ind-Barath Power Infra Limited - India
- Parliament of New Zealand
- Bhoruka Overseas - Indonesia
- Indo Tambangraya Megah - Indonesia
- The Treasury - Australian Government
- Ministry of Mines - Canada
- Therma Luzon, Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Baramulti Group, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Aboitiz Power Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- GVK Power & Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Semirara Mining Corp, Philippines
- Orica Mining Services - Indonesia
- Coalindo Energy - Indonesia
- Mintek Dendrill Indonesia
- Medco Energi Mining Internasional
- Singapore Mercantile Exchange
- Barasentosa Lestari - Indonesia
- Goldman Sachs - Singapore
- Indian Oil Corporation Limited
- Kideco Jaya Agung - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Renaissance Capital - South Africa
- Holcim Trading Pte Ltd - Singapore
- Mjunction Services Limited - India
- Globalindo Alam Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Marubeni Corporation - India
- Ministry of Transport, Egypt
- AsiaOL BioFuels Corp., Philippines
- Edison Trading Spa - Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Planning Commission, India
- TNB Fuel Sdn Bhd - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- New Zealand Coal & Carbon
- Carbofer General Trading SA - India
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining and Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Sical Logistics Limited - India
- Global Green Power PLC Corporation, Philippines
- Indika Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Tata Chemicals Ltd - India
- Rio Tinto Coal - Australia
- McConnell Dowell - Australia
- Makarim & Taira - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- London Commodity Brokers - England
- Jindal Steel & Power Ltd - India
- Lanco Infratech Ltd - India
- Sindya Power Generating Company Private Ltd
- Kumho Petrochemical, South Korea
- Bukit Makmur.PT - Indonesia
- Minerals Council of Australia
- Pendopo Energi Batubara - Indonesia
- Iligan Light & Power Inc, Philippines
- White Energy Company Limited
- Agrawal Coal Company - India
- Meenaskhi Energy Private Limited - India
- Australian Coal Association
- Standard Chartered Bank - UAE
- Eastern Energy - Thailand
- SMC Global Power, Philippines
- Simpson Spence & Young - Indonesia
- Sree Jayajothi Cements Limited - India
- Romanian Commodities Exchange
- Directorate Of Revenue Intelligence - India
- SN Aboitiz Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Wilmar Investment Holdings
- Malabar Cements Ltd - India
- Dalmia Cement Bharat India
- Oldendorff Carriers - Singapore
- Posco Energy - South Korea
- GMR Energy Limited - India
- Chamber of Mines of South Africa
- Jorong Barutama Greston.PT - Indonesia
- Madhucon Powers Ltd - India
- Thiess Contractors Indonesia
- MS Steel International - UAE
- Heidelberg Cement - Germany
- Kepco SPC Power Corporation, Philippines
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