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Monday, 17 September 18
GLENCORE RETURNS TO JAPAN COAL TALKS SCUPPERED BY HIGH PRICES - BLOOMBERG
 Mining 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
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Tuesday, 28 August 18
SUPRAMAX: A COAL TRIP VIA INDONESIA PAID $13,500 ON A 56,000DWT TO WC INDIA - BALTIC BRIEFING
Capesize
The Singapore holiday mid-week disrupted trading and unsettled the market, with owners losing some resilience. The market took on a la ...
Tuesday, 28 August 18
SHIPPING MARKET UPDATE - GEORGE LAZARIDIS
As we edge close to the start of the Autumn Season, a period within the year that is usually characterized as the pivot point from the final quarte ...
Friday, 24 August 18
KOREAN RESTRICTIONS ON COAL SULPHUR IMPACTING HUNTER EXPORTS - THE HERALD
WARNINGS that Korean restrictions on sulphur levels in coal could hurt the Hunter industry appear to have been accurate, according to a report in t ...
Thursday, 23 August 18
RUSSIA'S MECHEL PRODUCED 9.69 MMT OF RUN-OF-MINE COAL IN 1H'2018
Mechel PAO, one of the leading Russian mining and metals companies, announces 1H2018 operational results.
Mechel PAO’s Chief E ...
Thursday, 23 August 18
SUPRAMAX: SOME FRESH COAL CARGOES APPEARED IN SE ASIA, GIVING A BIT PRESSURE ON RATES FOR END AUGUST SHIPMENTS - FEARNLEYS
Capesize
Slightly softer but generally very healthy for the big ships, with limited supply of early tonnage and positive Brazilian ore export v ...
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Showing 1636 to 1640 news of total 6871 |
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- Indogreen Group - Indonesia
- GMR Energy Limited - India
- Bhatia International Limited - India
- Oldendorff Carriers - Singapore
- Eastern Coal Council - USA
- Africa Commodities Group - South Africa
- MS Steel International - UAE
- Directorate Of Revenue Intelligence - India
- Lanco Infratech Ltd - India
- Antam Resourcindo - Indonesia
- Standard Chartered Bank - UAE
- Billiton Holdings Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- Australian Coal Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Agrawal Coal Company - India
- Kapuas Tunggal Persada - Indonesia
- Australian Commodity Traders Exchange
- Metalloyd Limited - United Kingdom
- McConnell Dowell - Australia
- GN Power Mariveles Coal Plant, Philippines
- Electricity Generating Authority of Thailand
- Wilmar Investment Holdings
- ICICI Bank Limited - India
- Romanian Commodities Exchange
- Xindia Steels Limited - India
- Baramulti Group, Indonesia
- White Energy Company Limited
- Meenaskhi Energy Private Limited - India
- Indika Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- New Zealand Coal & Carbon
- Karbindo Abesyapradhi - Indoneisa
- Energy Link Ltd, New Zealand
- CIMB Investment Bank - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- Savvy Resources Ltd - HongKong
- Petrochimia International Co. Ltd.- Taiwan
- Posco Energy - South Korea
- Simpson Spence & Young - Indonesia
- Thiess Contractors Indonesia
- Energy Development Corp, Philippines
- Dalmia Cement Bharat India
- Merrill Lynch Commodities Europe
- Electricity Authority, New Zealand
- Ministry of Finance - Indonesia
- Malabar Cements Ltd - India
- Orica Australia Pty. Ltd.
- Bharathi Cement Corporation - India
- Interocean Group of Companies - India
- Jorong Barutama Greston.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- ASAPP Information Group - India
- Rio Tinto Coal - Australia
- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
- Neyveli Lignite Corporation Ltd, - India
- Bulk Trading Sa - Switzerland
- Rashtriya Ispat Nigam Limited - India
- Salva Resources Pvt Ltd - India
- Medco Energi Mining Internasional
- Jindal Steel & Power Ltd - India
- Semirara Mining Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Videocon Industries ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Tamil Nadu electricity Board
- Bangladesh Power Developement Board
- Thai Mozambique Logistica
- Sinarmas Energy and Mining - Indonesia
- Grasim Industreis Ltd - India
- Edison Trading Spa - Italy
- Kaltim Prima Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Ambuja Cements Ltd - India
- SMC Global Power, Philippines
- Latin American Coal - Colombia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aditya Birla Group - India
- Miang Besar Coal Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhoruka Overseas - Indonesia
- San Jose City I Power Corp, Philippines
- Barasentosa Lestari - Indonesia
- IEA Clean Coal Centre - UK
- AsiaOL BioFuels Corp., Philippines
- Madhucon Powers Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Holcim Trading Pte Ltd - Singapore
- Iligan Light & Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Sical Logistics Limited - India
- Trasteel International SA, Italy
- Makarim & Taira - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Power Finance Corporation Ltd., India
- Alfred C Toepfer International GmbH - Germany
- Leighton Contractors Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Siam City Cement PLC, Thailand
- Indo Tambangraya Megah - Indonesia
- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
- Cement Manufacturers Association - India
- Georgia Ports Authority, United States
- Commonwealth Bank - Australia
- Minerals Council of Australia
- Renaissance Capital - South Africa
- Karaikal Port Pvt Ltd - India
- Parliament of New Zealand
- Sojitz Corporation - Japan
- The University of Queensland
- PowerSource Philippines DevCo
- Price Waterhouse Coopers - Russia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Mintek Dendrill Indonesia
- Aboitiz Power Corporation - Philippines
- Attock Cement Pakistan Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Oil Corporation Limited
- Vizag Seaport Private Limited - India
- PTC India Limited - India
- Bukit Baiduri Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Mercuria Energy - Indonesia
- Petron Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Chamber of Mines of South Africa
- Indian Energy Exchange, India
- Global Coal Blending Company Limited - Australia
- Vedanta Resources Plc - India
- IHS Mccloskey Coal Group - USA
- Chettinad Cement Corporation Ltd - India
- Economic Council, Georgia
- Krishnapatnam Port Company Ltd. - India
- Larsen & Toubro Limited - India
- Central Java Power - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sarangani Energy Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Pendopo Energi Batubara - Indonesia
- Port Waratah Coal Services - Australia
- GVK Power & Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- VISA Power Limited - India
- Jaiprakash Power Ventures ltd
- Maharashtra Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Ministry of Mines - Canada
- Sindya Power Generating Company Private Ltd
- Borneo Indobara - Indonesia
- Heidelberg Cement - Germany
- Intertek Mineral Services - Indonesia
- Carbofer General Trading SA - India
- TeaM Sual Corporation - Philippines
- Riau Bara Harum - Indonesia
- Star Paper Mills Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Indonesian Coal Mining Association
- GAC Shipping (India) Pvt Ltd
- The Treasury - Australian Government
- Toyota Tsusho Corporation, Japan
- Marubeni Corporation - India
- Gujarat Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Bhushan Steel Limited - India
- Deloitte Consulting - India
- Coalindo Energy - Indonesia
- Goldman Sachs - Singapore
- Independent Power Producers Association of India
- Cigading International Bulk Terminal - Indonesia
- SMG Consultants - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Central Electricity Authority - India
- Anglo American - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Therma Luzon, Inc, Philippines
- Tata Chemicals Ltd - India
- Global Business Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Coastal Gujarat Power Limited - India
- Eastern Energy - Thailand
- Sree Jayajothi Cements Limited - India
- The State Trading Corporation of India Ltd
- Mercator Lines Limited - India
- Kumho Petrochemical, South Korea
- India Bulls Power Limited - India
- Bayan Resources Tbk. - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Uttam Galva Steels Limited - India
- Orica Mining Services - Indonesia
- Siam City Cement - Thailand
- Altura Mining Limited, Indonesia
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- Ind-Barath Power Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Parry Sugars Refinery, India
- Gujarat Sidhee Cement - India
- Planning Commission, India
- Sakthi Sugars Limited - India
- Banpu Public Company Limited - Thailand
- London Commodity Brokers - England
- Mjunction Services Limited - India
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