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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 November 21
CHINA TO LAUNCH NEW DATA MONITORING SYSTEM, TARGETING COAL MARKET SPECULATION, HOARDING - GLOBAL TIMES
China’s top economic planner announced on Sunday a new data system for supervising the implementation of medium- and long-term contracts of c ...
Wednesday, 03 November 21
CHINA’S STATE PLANNER SAYS COAL SUPPLY IMPROVING, PRICES STABILISING - REUTERS
China’s coal supply situation has seen significant improvement with joint efforts from coal producers, logistics and downstream users, while ...
Wednesday, 03 November 21
HIGHER COKING COAL PRICES TO PARE PROFITABILITY OF STEELMAKERS IN SECOND HALF OF FY22 - CRISIL RATINGS
The operating margin of primary steelmakers will reduce by a third to 24-26% in the second half of this fiscal versus the first half as input cost ...
Wednesday, 03 November 21
MARKET INSIGHT - INTERMODAL
November is here and soon the all time seasonal favorite “all I want or Christmas is you” by Mariah Carey will be played in radio stati ...
Monday, 01 November 21
COAL PRICES HAVE FURTHER ROOM TO DROP: TOP ECONOMIC PLANNER - GLOBAL TIMES
China’s top economic planner said coal prices have further room to drop on Friday, as the most traded coal futures dropped to below 1,000 yua ...
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- Ministry of Mines - Canada
- European Bulk Services B.V. - Netherlands
- San Jose City I Power Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Eastern Coal Council - USA
- Agrawal Coal Company - India
- Energy Link Ltd, New Zealand
- Tata Chemicals Ltd - India
- Bhoruka Overseas - Indonesia
- OPG Power Generation Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Manunggal Multi Energi - Indonesia
- Goldman Sachs - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Lanco Infratech Ltd - India
- Indo Tambangraya Megah - Indonesia
- SN Aboitiz Power Inc, Philippines
- Central Electricity Authority - India
- Independent Power Producers Association of India
- Sakthi Sugars Limited - India
- Larsen & Toubro Limited - India
- White Energy Company Limited
- London Commodity Brokers - England
- Coalindo Energy - Indonesia
- McConnell Dowell - Australia
- Parliament of New Zealand
- Price Waterhouse Coopers - Russia
- Gujarat Mineral Development Corp Ltd - India
- Vizag Seaport Private Limited - India
- Minerals Council of Australia
- Alfred C Toepfer International GmbH - Germany
- Sinarmas Energy and Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Rio Tinto Coal - Australia
- Latin American Coal - Colombia
- Parry Sugars Refinery, India
- Electricity Generating Authority of Thailand
- South Luzon Thermal Energy Corporation
- Jaiprakash Power Ventures ltd
- Simpson Spence & Young - Indonesia
- Sical Logistics Limited - India
- Mercuria Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Aditya Birla Group - India
- CIMB Investment Bank - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- Central Java Power - Indonesia
- Indonesian Coal Mining Association
- Videocon Industries ltd - India
- Samtan Co., Ltd - South Korea
- Meralco Power Generation, Philippines
- Ambuja Cements Ltd - India
- Malabar Cements Ltd - India
- India Bulls Power Limited - India
- Salva Resources Pvt Ltd - India
- Romanian Commodities Exchange
- SMC Global Power, Philippines
- Kepco SPC Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Edison Trading Spa - Italy
- Petron Corporation, Philippines
- PowerSource Philippines DevCo
- Straits Asia Resources Limited - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Medco Energi Mining Internasional
- Cigading International Bulk Terminal - Indonesia
- Makarim & Taira - Indonesia
- Singapore Mercantile Exchange
- New Zealand Coal & Carbon
- LBH Netherlands Bv - Netherlands
- Jindal Steel & Power Ltd - India
- Baramulti Group, Indonesia
- Therma Luzon, Inc, Philippines
- Heidelberg Cement - Germany
- Trasteel International SA, Italy
- Australian Coal Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Authority, New Zealand
- Indogreen Group - Indonesia
- Ministry of Finance - Indonesia
- Dalmia Cement Bharat India
- GVK Power & Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- MS Steel International - UAE
- International Coal Ventures Pvt Ltd - India
- Orica Mining Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Borneo Indobara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Georgia Ports Authority, United States
- Uttam Galva Steels Limited - India
- Oldendorff Carriers - Singapore
- Renaissance Capital - South Africa
- SMG Consultants - Indonesia
- Globalindo Alam Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Gujarat Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Bhatia International Limited - India
- Australian Commodity Traders Exchange
- The State Trading Corporation of India Ltd
- Maheswari Brothers Coal Limited - India
- Wood Mackenzie - Singapore
- Chettinad Cement Corporation Ltd - India
- Indian Oil Corporation Limited
- Tamil Nadu electricity Board
- Mintek Dendrill Indonesia
- Bukit Makmur.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- ICICI Bank Limited - India
- Semirara Mining and Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- CNBM International Corporation - China
- Neyveli Lignite Corporation Ltd, - India
- Energy Development Corp, Philippines
- Attock Cement Pakistan Limited
- Ceylon Electricity Board - Sri Lanka
- VISA Power Limited - India
- Thiess Contractors Indonesia
- Kobexindo Tractors - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Star Paper Mills Limited - India
- Krishnapatnam Port Company Ltd. - India
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- Metalloyd Limited - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- PTC India Limited - India
- Indika Energy - Indonesia
- Siam City Cement - Thailand
- Bangladesh Power Developement Board
- The Treasury - Australian Government
- Economic Council, Georgia
- Pendopo Energi Batubara - Indonesia
- Antam Resourcindo - Indonesia
- Interocean Group of Companies - India
- Sojitz Corporation - Japan
- Miang Besar Coal Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kohat Cement Company Ltd. - Pakistan
- Merrill Lynch Commodities Europe
- Bahari Cakrawala Sebuku - Indonesia
- Grasim Industreis Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Global Business Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Marubeni Corporation - India
- IEA Clean Coal Centre - UK
- Formosa Plastics Group - Taiwan
- Thai Mozambique Logistica
- Barasentosa Lestari - Indonesia
- GMR Energy Limited - India
- Port Waratah Coal Services - Australia
- Indian Energy Exchange, India
- Commonwealth Bank - Australia
- Karbindo Abesyapradhi - Indoneisa
- Carbofer General Trading SA - India
- Kartika Selabumi Mining - Indonesia
- Bhushan Steel Limited - India
- Binh Thuan Hamico - Vietnam
- Coastal Gujarat Power Limited - India
- Power Finance Corporation Ltd., India
- Bharathi Cement Corporation - India
- Bayan Resources Tbk. - Indonesia
- Gujarat Sidhee Cement - India
- Deloitte Consulting - India
- Kideco Jaya Agung - Indonesia
- Semirara Mining Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Chamber of Mines of South Africa
- Siam City Cement PLC, Thailand
- Bukit Baiduri Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Anglo American - United Kingdom
- Ministry of Transport, Egypt
- Mercator Lines Limited - India
- Directorate Of Revenue Intelligence - India
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
- Sarangani Energy Corporation, Philippines
- Wilmar Investment Holdings
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
- Mjunction Services Limited - India
- Kumho Petrochemical, South Korea
- Essar Steel Hazira Ltd - India
- ASAPP Information Group - India
- Altura Mining Limited, Indonesia
- Coal and Oil Company - UAE
- Standard Chartered Bank - UAE
- Vedanta Resources Plc - India
- The University of Queensland
- Petrochimia International Co. Ltd.- Taiwan
- IHS Mccloskey Coal Group - USA
- Banpu Public Company Limited - Thailand
- Africa Commodities Group - South Africa
- Planning Commission, India
- Toyota Tsusho Corporation, Japan
- Rashtriya Ispat Nigam Limited - India
- Xindia Steels Limited - India
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