COALspot.com keeps you connected across the coal world
  • THE MEoMR OF INDONESIA HAS REVISED DOWN OCTOBER 2018 COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS EXCEPT POWER PRODUCERS TO US$ 100.89 A TON
  • SHARE YOUR CORPORATE COAL & SHIPPING NEWS WITH US - NEWS@COALSPOT.COM
  • WE WELCOME ARTICLE SUBMISSIONS FROM EXPERTS IN THE AREAS OF COAL, MINING, SHIPPING, ETC.

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


WTI Crude Oil

BRENT Crude Oil

Search News
Latest CoalNews Headlines
Monday, 17 September 18
GLENCORE RETURNS TO JAPAN COAL TALKS SCUPPERED BY HIGH PRICES - BLOOMBERG
BloombergMining giant Glencore Plc and Japanese utilities have resumed thermal coal supply negotiations, restarting talks that fell apart earlier this year as prices hovered near a six-year high.
 
Glencore and Japan’s Tohoku Electric Power Co are discussing an annual supply contract starting in October at $103 to $118 a metric tonne, analysts at Credit Suisse Group AG wrote in a report this week.
 
Previous efforts to reach a deal, for supplies starting in April this year, broke down.
Spot prices for Australia’s Newcastle coal, a regional benchmark, have been robust the past three months, trading near the highest in more than six years.
 
Glencore declined to comment on contract discussion. A spokesman for the Japanese utility said the company holds discussions with suppliers as needed, but declined to comment specifically on talks with Glencore. “Tohoku usually buys more volume under the October-September contract, therefore, a settlement is more likely to be reached this time,” said Prakash Sharma, research director at Wood Mackenzie Ltd, predicting they would eventually agree to around $110. “Even if the April episode is repeated, we don’t think it would be the end of the reference pricing system as some buyers in Japan and wider Asia continue to have a preference for contract pricing.”
 
Newcastle coal on the Globalcoal index hit $117.95 a ton in July, the highest since February 2012. The fuel has averaged about $105 in 2018, heading for the most since 2011.
Prices closed at $114.40 on Thursday.
 
Japanese coal users have raised concerns over Glencore’s expansion in Australia, where Japan gets about three-quarters of its thermal coal.
Jera Co, one of Japan’s biggest buyers, warned the nation’s antitrust regulators last year that Glencore’s purchase of Rio Tinto Group’s Hunter Valley mines in Australia would give it a dominant position as a supplier and hurt competition, Bloomberg News reported in December.
 
Analysts at Credit Suisse see possible support for those worries.
Major miners could avoid trading cargoes on platforms such as Globalcoal to keep visible pricing illiquid, they wrote in the September 12 note, citing a McCloskey report that Glencore won a tender to sell coal to Korean companies at $95 a tonne.
 
“We conclude that Glencore – the biggest Hunter Valley coal producer – would prefer to win contracts at lower prices than add liquidity to the spot market,” they wrote. “Extreme illiquidity has probably helped the Newcastle spot coal price remain so resilient.
It could be intentional – an expression of the pricing power that major miners are beginning to exercise over the price following consolidation.”
Glencore declined to comment on the Credit Suisse report.
Source: Bloomberg


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Thursday, 18 October 18
SUPRAMAX: INDO/WC INDIA SUPRAS ARE FIXING AROUND MID $14000S P/D BASIS SPORE DELIVERY
Capesize The volatile Cape market continues this week, especially in the Pacific says Fearnleys in its latest weekly report.    ...


Thursday, 18 October 18
COAL SHORTAGE HITS POWER SECTOR AGAIN; HOW INDIA CAN GET ITS PRODUCTION RIGHT - ANIL SWARUP
By convincing states of the value proposition of increased production, the record production of Fy15 & Fy16 can be emulated.   The ...


Thursday, 18 October 18
CHINA POWER REFORM NEUTRAL ON GRIDS, PRESSURES IPP MARGINS - FITCH RATINGS
China's power sector reform has a broadly neutral impact on transmission grids although it will pressure the power producers' margins, says ...


Wednesday, 17 October 18
ESCROW SERVICE FOR BALTIC MEMBERS NOW LIVE
The Baltic Exchange’s Escrow Service for its members to hold deposits for ship sale transactions goes live today (15 October). The service is ...


Wednesday, 17 October 18
SHIPPING MARKET INSIGHT - TIMOS PAPADIMITRIOU
In the last three months approximately 72 tankers changed hands involving ships larger than 33kdwt up to VLCC.  43 of those vessels had to do ...


   1 2 3 4 5   
Showing 1 to 5 news of total 5283
News by Category
Popular News
 
Total Members : 25,503
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • The State Trading Corporation of India Ltd
  • Altura Mining Limited, Indonesia
  • Adani Power Ltd - India
  • Sinarmas Energy and Mining - Indonesia
  • Argus Media - Singapore
  • Sucofindo - Indonesia
  • Adaro Indonesia
  • IMC Shipping - Singapore
  • Mitra SK Pvt Ltd - India
  • OPG Power Generation Pvt Ltd - India
  • Petrosea - Indonesia
  • Planning Commission, India
  • Maharashtra Electricity Regulatory Commission - India
  • World Bank
  • Romanian Commodities Exchange
  • Holcim Trading Pte Ltd - Singapore
  • Binh Thuan Hamico - Vietnam
  • Sical Logistics Limited - India
  • RBS Sempra - UK
  • Attock Cement Pakistan Limited
  • Bank of America
  • MS Steel International - UAE
  • PLN - Indonesia
  • BNP Paribas - Singapore
  • Ceylon Electricity Board - Sri Lanka
  • Larsen & Toubro Limited - India
  • Economic Council, Georgia
  • SASOL - South Africa
  • Noble Europe Ltd - UK
  • Madhucon Powers Ltd - India
  • Jaiprakash Power Ventures ltd
  • Idemitsu - Japan
  • Kaltim Prima Coal - Indonesia
  • PTC India Limited - India
  • Clarksons - UK
  • TeaM Sual Corporation - Philippines
  • Central Electricity Authority - India
  • Fearnleys - India
  • Salva Resources Pvt Ltd - India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Arch Coal - USA
  • Australian Commodity Traders Exchange
  • Alfred C Toepfer International GmbH - Germany
  • Jorong Barutama Greston.PT - Indonesia
  • Aditya Birla Group - India
  • Samtan Co., Ltd - South Korea
  • Merrill Lynch Bank
  • Ministry of Mines - Canada
  • BRS Brokers - Singapore
  • Siam City Cement - Thailand
  • TNB Fuel Sdn Bhd - Malaysia
  • Geoservices-GeoAssay Lab
  • International Coal Ventures Pvt Ltd - India
  • GVK Power & Infra Limited - India
  • Chettinad Cement Corporation Ltd - India
  • Posco Energy - South Korea
  • Malabar Cements Ltd - India
  • Oldendorff Carriers - Singapore
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Singapore Mercantile Exchange
  • Central Java Power - Indonesia
  • Carbofer General Trading SA - India
  • Straits Asia Resources Limited - Singapore
  • Kapuas Tunggal Persada - Indonesia
  • Mjunction Services Limited - India
  • globalCOAL - UK
  • Kideco Jaya Agung - Indonesia
  • Cargill India Pvt Ltd
  • Barasentosa Lestari - Indonesia
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Kobexindo Tractors - Indoneisa
  • Mercator Lines Limited - India
  • Indogreen Group - Indonesia
  • Standard Chartered Bank - UAE
  • Russian Coal LLC
  • Core Mineral Indonesia
  • Maybank - Singapore
  • Permata Bank - Indonesia
  • Krishnapatnam Port Company Ltd. - India
  • PetroVietnam Power Coal Import and Supply Company
  • Gujarat Electricity Regulatory Commission - India
  • IEA Clean Coal Centre - UK
  • Mechel - Russia
  • Energy Link Ltd, New Zealand
  • Rio Tinto Coal - Australia
  • Coal and Oil Company - UAE
  • Maheswari Brothers Coal Limited - India
  • Eastern Energy - Thailand
  • Coal India Limited
  • Riau Bara Harum - Indonesia
  • Directorate General of MIneral and Coal - Indonesia
  • Bhushan Steel Limited - India
  • Thriveni
  • SRK Consulting
  • Anglo American - United Kingdom
  • Vijayanagar Sugar Pvt Ltd - India
  • Gresik Semen - Indonesia
  • TANGEDCO India
  • Merrill Lynch Commodities Europe
  • Maruti Cements - India
  • Commonwealth Bank - Australia
  • Dalmia Cement Bharat India
  • Pinang Coal Indonesia
  • The Treasury - Australian Government
  • Edison Trading Spa - Italy
  • Gujarat Sidhee Cement - India
  • KOWEPO - South Korea
  • OCBC - Singapore
  • Jindal Steel & Power Ltd - India
  • South Luzon Thermal Energy Corporation
  • SUEK AG - Indonesia
  • Indika Energy - Indonesia
  • IHS Mccloskey Coal Group - USA
  • Australian Coal Association
  • CESC Limited - India
  • Gujarat Mineral Development Corp Ltd - India
  • Independent Power Producers Association of India
  • ICICI Bank Limited - India
  • Credit Suisse - India
  • Mitsui - Indonesia
  • Parry Sugars Refinery, India
  • Star Paper Mills Limited - India
  • Electricity Generating Authority of Thailand
  • Berau Coal - Indonesia
  • Enel Italy
  • UOB Asia (HK) Ltd
  • Bayan Resources Tbk. - Indonesia
  • Toyota Tsusho Corporation, Japan
  • Thermax Limited - India
  • Infraline Energy - India
  • Indorama - Singapore
  • Agrawal Coal Company - India
  • Kalimantan Lumbung Energi - Indonesia
  • McKinsey & Co - India
  • Siam City Cement PLC, Thailand
  • Cosco
  • Heidelberg Cement - Germany
  • Essar Steel Hazira Ltd - India
  • GHCL Limited - India
  • The University of Queensland
  • Moodys - Singapore
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Thailand Anthracite
  • White Energy Company Limited
  • Japan Coal Energy Center
  • Xstrata Coal
  • Coeclerici Indonesia
  • Borneo Indobara - Indonesia
  • Bukit Asam (Persero) Tbk - Indonesia
  • Trasteel International SA, Italy
  • Georgia Ports Authority, United States
  • Latin American Coal - Colombia
  • CCIC - Indonesia
  • Port Waratah Coal Services - Australia
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Bank of China, Malaysia
  • Grasim Industreis Ltd - India
  • Wood Mackenzie - Singapore
  • NTPC Limited - India
  • Tata Chemicals Ltd - India
  • Coaltrans Conferences
  • MEC Coal - Indonesia
  • Vitol - Bahrain
  • Thiess Contractors Indonesia
  • PNOC Exploration Corporation - Philippines
  • The India Cements Ltd
  • Lafarge - France
  • Videocon Industries ltd - India
  • European Bulk Services B.V. - Netherlands
  • Marubeni Corporation - India
  • Kartika Selabumi Mining - Indonesia
  • ING Bank NV - Singapore
  • Rudhra Energy - India
  • Ind-Barath Power Infra Limited - India
  • Asia Cement - Taiwan
  • Medco Energi Mining Internasional
  • Savvy Resources Ltd - HongKong
  • Humpuss - Indonesia
  • Coal Orbis AG
  • Orica Australia Pty. Ltd.
  • GAC Shipping (India) Pvt Ltd
  • Rashtriya Ispat Nigam Limited - India
  • Cemex - Philippines
  • Indonesia Power. PT
  • Asian Development Bank
  • Sree Jayajothi Cements Limited - India
  • Aboitiz Power Corporation - Philippines
  • Formosa Plastics Group - Taiwan
  • Vale Mozambique
  • Indian Oil Corporation Limited
  • KPMG - USA
  • IBC Asia (S) Pte Ltd
  • Mercuria Energy - Indonesia
  • Banpu Public Company Limited - Thailand
  • Bahari Cakrawala Sebuku - Indonesia
  • Shree Cement - India
  • Platts
  • Bhatia International Limited - India
  • Kohat Cement Company Ltd. - Pakistan
  • Jatenergy - Australia
  • Neyveli Lignite Corporation Ltd, - India
  • Kobe Steel Ltd - Japan
  • LBH Netherlands Bv - Netherlands
  • Ministry of Transport, Egypt
  • Interocean Group of Companies - India
  • Coalindo Energy - Indonesia
  • PowerSource Philippines DevCo
  • Gupta Coal India Ltd
  • Manunggal Multi Energi - Indonesia
  • Malco - India
  • J M Baxi & Co - India
  • Barclays Capital - USA
  • Panama Canal Authority
  • Indo Tambangraya Megah - Indonesia
  • New Zealand Coal & Carbon
  • Parliament of New Zealand
  • EMO - The Netherlands
  • Pendopo Energi Batubara - Indonesia
  • Freeport Indonesia
  • GMR Energy Limited - India
  • U S Energy Resources
  • TNPL - India
  • Britmindo - Indonesia
  • Coastal Gujarat Power Limited - India
  • Xindia Steels Limited - India
  • Ince & co LLP
  • Thomson Reuters GRC
  • WorleyParsons
  • Platou - Singapore
  • McConnell Dowell - Australia
  • Sindya Power Generating Company Private Ltd
  • Intertek Mineral Services - Indonesia
  • Deloitte Consulting - India
  • Eastern Coal Council - USA
  • ETA - Dubai
  • India Bulls Power Limited - India
  • London Commodity Brokers - England
  • CNBM International Corporation - China
  • KEPCO - South Korea
  • Directorate Of Revenue Intelligence - India
  • Uttam Galva Steels Limited - India
  • Asmin Koalindo Tuhup - Indonesia
  • EIA - United States
  • Renaissance Capital - South Africa
  • HSBC - Hong Kong
  • GNFC Limited - India
  • Goldman Sachs - Singapore
  • Timah Investasi Mineral - Indoneisa
  • Surastha Cement
  • Minerals Council of Australia
  • Bharathi Cement Corporation - India
  • Wilmar Investment Holdings
  • Inco-Indonesia
  • Thai Mozambique Logistica
  • Deutsche Bank - India
  • Kumho Petrochemical, South Korea
  • Billiton Holdings Pty Ltd - Australia
  • Africa Commodities Group - South Africa
  • Tanito Harum - Indonesia
  • Global Coal Blending Company Limited - Australia
  • Antam Resourcindo - Indonesia
  • PLN Batubara - Indonesia
  • Peabody Energy - USA
  • Sakthi Sugars Limited - India
  • Miang Besar Coal Terminal - Indonesia
  • Shenhua Group - China
  • Meenaskhi Energy Private Limited - India
  • Simpson Spence & Young - Indonesia
  • Reliance Power - India
  • Makarim & Taira - Indonesia
  • PetroVietnam
  • Metalloyd Limited - United Kingdom
  • CoalTek, United States
  • ACC Limited - India
  • Bhoruka Overseas - Indonesia
  • Ambuja Cements Ltd - India
  • APGENCO India
  • UBS Singapore
  • Inspectorate - India
  • Chamber of Mines of South Africa
  • bp singapore
  • Qatrana Cement - Jordan
  • Total Coal South Africa
  • Karbindo Abesyapradhi - Indoneisa
  • ANZ Bank - Australia
  • Bukit Baiduri Energy - Indonesia
  • SMG Consultants - Indonesia
  • Globalindo Alam Lestari - Indonesia
  • Arutmin Indonesia
  • Cardiff University - UK
  • Maersk Broker
  • Indonesian Coal Mining Association
  • NALCO India
  • ASAPP Information Group - India
  • Ernst & Young Pvt. Ltd.
  • Tata Power - India
  • Bangladesh Power Developement Board
  • Power Finance Corporation Ltd., India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Mitsubishi Corporation
  • Cigading International Bulk Terminal - Indonesia
  • VISA Power Limited - India
  • Mintek Dendrill Indonesia
  • Karaikal Port Pvt Ltd - India
  • Glencore India Pvt. Ltd
  • JPower - Japan
  • Leighton Contractors Pty Ltd - Australia
  • Price Waterhouse Coopers - Russia
  • World Coal - UK
  • Vizag Seaport Private Limited - India
  • Samsung - South Korea
  • GB Group - China
  • KPCL - India
  • Lanco Infratech Ltd - India
  • Ministry of Finance - Indonesia
  • DBS Bank - Singapore
  • Bangkok Bank PCL
  • Vedanta Resources Plc - India
  • IOL Indonesia
  • Orica Mining Services - Indonesia
  • Indian School of Mines
  • Runge Indonesia
  • CIMB Investment Bank - Malaysia
  • Petrochimia International Co. Ltd.- Taiwan
  • Bulk Trading Sa - Switzerland
  • Bukit Makmur.PT - Indonesia
  • Cement Manufacturers Association - India
  • Sojitz Corporation - Japan
  • SGS (Thailand) Limited
  • JPMorgan - India