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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, 01 December 21
MARKET INSIGHT - INTERMODAL
Essentially, anyone involved in the shipping and commodity markets still struggle with commodity supply issues and skyrocketing prices in the conte ...
Tuesday, 30 November 21
CHINA'S TOP ECONOMIC PLANNER SUMMONS COAL PRODUCERS; LONG-TERM PRICING MECHANISM IS ADVISED - GLOBAL TIMES
China’s top economic planner the National Development and Reform Commission (NDRC) said on Monday that they summoned coal producers for a hea ...
Tuesday, 30 November 21
CHINA'S COAL PRICES PLUNGE AFTER GOVT SIGNALS MORE PRICE REGULATION - REUTERS
China’s thermal coal futures dropped 5.6% on Monday after the state economic planner signaled further regulations for prices of the dirty pow ...
Friday, 26 November 21
AS COAL MARKET STABILIZES, CHINA STEPS UP NATURAL GAS SUPPLY TO MEET WINTER DEMAND - GLOBAL TIMES
The daily supply of natural gas in China has exceeded 1 billion cubic meters (bcm) since November began, up 11 percent year-on-year, data from stat ...
Friday, 26 November 21
CHINA FINDS COMPLIANCE PROBLEMS IN COAL PRICE INDEX PROBE - REUTERS
China’s state planner on Wednesday said it had discovered some “noncompliant” behaviour among coal price index providers as it an ...
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- TNB Fuel Sdn Bhd - Malaysia
- Global Green Power PLC Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Sojitz Corporation - Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- LBH Netherlands Bv - Netherlands
- CNBM International Corporation - China
- Thai Mozambique Logistica
- Renaissance Capital - South Africa
- Attock Cement Pakistan Limited
- Jaiprakash Power Ventures ltd
- Uttam Galva Steels Limited - India
- TeaM Sual Corporation - Philippines
- Energy Link Ltd, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kalimantan Lumbung Energi - Indonesia
- Georgia Ports Authority, United States
- Formosa Plastics Group - Taiwan
- Minerals Council of Australia
- Neyveli Lignite Corporation Ltd, - India
- Billiton Holdings Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Sakthi Sugars Limited - India
- SMC Global Power, Philippines
- Merrill Lynch Commodities Europe
- IEA Clean Coal Centre - UK
- ASAPP Information Group - India
- Antam Resourcindo - Indonesia
- Mjunction Services Limited - India
- Tata Chemicals Ltd - India
- Riau Bara Harum - Indonesia
- Semirara Mining Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- Barasentosa Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement - Thailand
- White Energy Company Limited
- Kepco SPC Power Corporation, Philippines
- Ministry of Transport, Egypt
- AsiaOL BioFuels Corp., Philippines
- Rashtriya Ispat Nigam Limited - India
- Maharashtra Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- India Bulls Power Limited - India
- Coal and Oil Company - UAE
- The University of Queensland
- Samtan Co., Ltd - South Korea
- Altura Mining Limited, Indonesia
- Eastern Energy - Thailand
- Vizag Seaport Private Limited - India
- Sical Logistics Limited - India
- Meenaskhi Energy Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Straits Asia Resources Limited - Singapore
- Deloitte Consulting - India
- Bhatia International Limited - India
- Independent Power Producers Association of India
- Karaikal Port Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Bangladesh Power Developement Board
- Asmin Koalindo Tuhup - Indonesia
- Coastal Gujarat Power Limited - India
- Bharathi Cement Corporation - India
- Aboitiz Power Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Indian Oil Corporation Limited
- Savvy Resources Ltd - HongKong
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- Ambuja Cements Ltd - India
- Romanian Commodities Exchange
- Kumho Petrochemical, South Korea
- Carbofer General Trading SA - India
- Orica Mining Services - Indonesia
- Indogreen Group - Indonesia
- Trasteel International SA, Italy
- Marubeni Corporation - India
- Cement Manufacturers Association - India
- Coalindo Energy - Indonesia
- The State Trading Corporation of India Ltd
- Indonesian Coal Mining Association
- Banpu Public Company Limited - Thailand
- MS Steel International - UAE
- Aditya Birla Group - India
- GVK Power & Infra Limited - India
- Baramulti Group, Indonesia
- The Treasury - Australian Government
- Heidelberg Cement - Germany
- Kideco Jaya Agung - Indonesia
- Australian Commodity Traders Exchange
- GMR Energy Limited - India
- Bhushan Steel Limited - India
- Timah Investasi Mineral - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Authority, New Zealand
- Goldman Sachs - Singapore
- International Coal Ventures Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Latin American Coal - Colombia
- Directorate General of MIneral and Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Eastern Coal Council - USA
- Indian Energy Exchange, India
- Intertek Mineral Services - Indonesia
- Toyota Tsusho Corporation, Japan
- SN Aboitiz Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Posco Energy - South Korea
- Global Coal Blending Company Limited - Australia
- New Zealand Coal & Carbon
- Standard Chartered Bank - UAE
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- Medco Energi Mining Internasional
- Orica Australia Pty. Ltd.
- Global Business Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- Parry Sugars Refinery, India
- Grasim Industreis Ltd - India
- Ind-Barath Power Infra Limited - India
- San Jose City I Power Corp, Philippines
- Mercuria Energy - Indonesia
- Videocon Industries ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Pendopo Energi Batubara - Indonesia
- Directorate Of Revenue Intelligence - India
- Xindia Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Therma Luzon, Inc, Philippines
- South Luzon Thermal Energy Corporation
- GN Power Mariveles Coal Plant, Philippines
- Agrawal Coal Company - India
- Port Waratah Coal Services - Australia
- Mercator Lines Limited - India
- Borneo Indobara - Indonesia
- Ministry of Finance - Indonesia
- Interocean Group of Companies - India
- ICICI Bank Limited - India
- Tamil Nadu electricity Board
- Sree Jayajothi Cements Limited - India
- Sindya Power Generating Company Private Ltd
- Meralco Power Generation, Philippines
- PNOC Exploration Corporation - Philippines
- Thiess Contractors Indonesia
- Sinarmas Energy and Mining - Indonesia
- Simpson Spence & Young - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Indika Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Wood Mackenzie - Singapore
- Bayan Resources Tbk. - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
- Gujarat Electricity Regulatory Commission - India
- Parliament of New Zealand
- Holcim Trading Pte Ltd - Singapore
- European Bulk Services B.V. - Netherlands
- Larsen & Toubro Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vedanta Resources Plc - India
- Central Java Power - Indonesia
- Gujarat Sidhee Cement - India
- Iligan Light & Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Star Paper Mills Limited - India
- Edison Trading Spa - Italy
- Leighton Contractors Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Kobexindo Tractors - Indoneisa
- Metalloyd Limited - United Kingdom
- Economic Council, Georgia
- VISA Power Limited - India
- Oldendorff Carriers - Singapore
- Bulk Trading Sa - Switzerland
- Bukit Asam (Persero) Tbk - Indonesia
- SMG Consultants - Indonesia
- Siam City Cement PLC, Thailand
- Jindal Steel & Power Ltd - India
- PTC India Limited - India
- Globalindo Alam Lestari - Indonesia
- Dalmia Cement Bharat India
- Karbindo Abesyapradhi - Indoneisa
- CIMB Investment Bank - Malaysia
- Madhucon Powers Ltd - India
- Kaltim Prima Coal - Indonesia
- Planning Commission, India
- Anglo American - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Essar Steel Hazira Ltd - India
- Chamber of Mines of South Africa
- Australian Coal Association
- Energy Development Corp, Philippines
- McConnell Dowell - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Central Electricity Authority - India
- Semirara Mining and Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Lanco Infratech Ltd - India
- Singapore Mercantile Exchange
- Krishnapatnam Port Company Ltd. - India
- Africa Commodities Group - South Africa
- Malabar Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- London Commodity Brokers - England
- Manunggal Multi Energi - Indonesia
- Petron Corporation, Philippines
- PowerSource Philippines DevCo
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