COALspot.com keeps you connected across the coal world
  • THE MEoMR OF INDONESIA HAS REVISED DOWN FEBRUARY 2019 COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS EXCEPT POWER PRODUCERS TO US$ 91.80 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

Saturday, 16 February 19
COALTRANS CHINA 2019, CHINA'S LARGEST COAL INDUSTRY GATHERING
Press Release: Coaltrans China 2019 | With the import ban likely to be lifted, it’s time for you to meet your potentia ...


Wednesday, 13 February 19
MALAYSIA WAS THE REGION'S LARGEST COAL IMPORTER WITH 34 MT IN 2018, UP 25% Y-O-Y
Although coal market in 2018 started with strong prices, starting in the beginning of the second half of 2018, the international spot prices for co ...


Wednesday, 13 February 19
SHIPPING MARKET INSIGHT - INTERMODAL
If there is one word that can describe the current shipping environment then that this word is most probably “volatility.” The sentimen ...


Saturday, 09 February 19
SUPRAMAX: A 63,000-TONNER WAS REPORTED FIXED DELIVERY FOR AN EAST KALIMANTAN TRIP, REDELIVERY WEST COAST INDIA, AT $9,250 - THE BALTIC BRIEFING
Cape The Vale disaster weighed heavily on the market for big ships, with uncertainty about shipments/future exports leading to a sharp drop in ...


Friday, 08 February 19
LOWER-QUALITY INDONESIA EXPORTS ROSE 39 MT IN 2018 YOY PRIMARILY IN RESPONSE TO INCREASED DEMAND FROM CHINA AND INDIA - PEABODY
"Underlying seaborne met and thermal coal conditions remain quite positive and the pace of U.S. coal-fueled power plant retirements is expecte ...


   1 2 3 4 5   
Showing 1 to 5 news of total 5400
News by Category
Popular News
 
Total Members : 25,861
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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