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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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Saturday, 18 March 23
HEDGE TO OFFSET LNG VOLATILITY, TRADERS TOLD - BALTIC EXCHANGE
A shift in imports from Asia to Europe led to significant volatility in liquefied natural gas shipping last year, prompting industry experts to urg ...
Friday, 17 March 23
INDONESIAN COAL PRICE REFERENCE UP AROUND 2.17% IN MARCH 2023
COALspot.com: Indonesian Coal Price Reference up around 2.17% in March 2023.
According to the new HBA regulation No. 41.K/MB.0 ...
Saturday, 11 March 23
MARKET INSIGHT - INTERMODAL
Uncertainty over the recovery of Chinese demand, demand destruction in Europe, as well as weather conditions will pivot the LNG market this summer. ...
Wednesday, 08 March 23
INDONESIAN COAL REFERENCE PRICE FORMULA HAS OFFICIALLY CHANGED
Indonesian Minister of Energy and Mineral Resources has officially changed the guideline for determining the benchmark price for the sale of coal c ...
Thursday, 02 March 23
INDIA'S SEABORNE CRUDE OIL IMPORTS IN 2022 INCREASED BY 11.5% YOY - BANCHERO COSTA
2022 has turned out to be a very positive year for crude oil trade, despite the surging oil prices and risks of economic recession, Banchero Costa ...
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- PowerSource Philippines DevCo
- Bulk Trading Sa - Switzerland
- Commonwealth Bank - Australia
- Kideco Jaya Agung - Indonesia
- Mintek Dendrill Indonesia
- Indonesian Coal Mining Association
- Indo Tambangraya Megah - Indonesia
- Energy Link Ltd, New Zealand
- Anglo American - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Merrill Lynch Commodities Europe
- Semirara Mining and Power Corporation, Philippines
- SMC Global Power, Philippines
- Independent Power Producers Association of India
- Globalindo Alam Lestari - Indonesia
- Central Java Power - Indonesia
- Kaltim Prima Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining Corp, Philippines
- Rio Tinto Coal - Australia
- Latin American Coal - Colombia
- Antam Resourcindo - Indonesia
- Edison Trading Spa - Italy
- Sindya Power Generating Company Private Ltd
- Samtan Co., Ltd - South Korea
- Dalmia Cement Bharat India
- Central Electricity Authority - India
- GAC Shipping (India) Pvt Ltd
- Vizag Seaport Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Therma Luzon, Inc, Philippines
- Intertek Mineral Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sakthi Sugars Limited - India
- Straits Asia Resources Limited - Singapore
- Manunggal Multi Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Africa Commodities Group - South Africa
- Siam City Cement PLC, Thailand
- New Zealand Coal & Carbon
- White Energy Company Limited
- Aditya Birla Group - India
- Coalindo Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- Economic Council, Georgia
- Wilmar Investment Holdings
- Bahari Cakrawala Sebuku - Indonesia
- Bhatia International Limited - India
- Neyveli Lignite Corporation Ltd, - India
- GVK Power & Infra Limited - India
- Bhoruka Overseas - Indonesia
- London Commodity Brokers - England
- LBH Netherlands Bv - Netherlands
- Orica Mining Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Kumho Petrochemical, South Korea
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- IEA Clean Coal Centre - UK
- Savvy Resources Ltd - HongKong
- San Jose City I Power Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Meralco Power Generation, Philippines
- Goldman Sachs - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Indian Energy Exchange, India
- Electricity Generating Authority of Thailand
- The State Trading Corporation of India Ltd
- TeaM Sual Corporation - Philippines
- Siam City Cement - Thailand
- Lanco Infratech Ltd - India
- Karaikal Port Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Agrawal Coal Company - India
- Coastal Gujarat Power Limited - India
- Orica Australia Pty. Ltd.
- Chettinad Cement Corporation Ltd - India
- Bukit Makmur.PT - Indonesia
- Medco Energi Mining Internasional
- Jindal Steel & Power Ltd - India
- Ambuja Cements Ltd - India
- India Bulls Power Limited - India
- Videocon Industries ltd - India
- Parliament of New Zealand
- Tamil Nadu electricity Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Alfred C Toepfer International GmbH - Germany
- Georgia Ports Authority, United States
- Vijayanagar Sugar Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Kartika Selabumi Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Renaissance Capital - South Africa
- AsiaOL BioFuels Corp., Philippines
- Larsen & Toubro Limited - India
- Billiton Holdings Pty Ltd - Australia
- SMG Consultants - Indonesia
- Sree Jayajothi Cements Limited - India
- Romanian Commodities Exchange
- Eastern Energy - Thailand
- Trasteel International SA, Italy
- Miang Besar Coal Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Ministry of Finance - Indonesia
- Marubeni Corporation - India
- Thai Mozambique Logistica
- Carbofer General Trading SA - India
- Sarangani Energy Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Indogreen Group - Indonesia
- European Bulk Services B.V. - Netherlands
- Kepco SPC Power Corporation, Philippines
- Posco Energy - South Korea
- Energy Development Corp, Philippines
- Heidelberg Cement - Germany
- Gujarat Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sical Logistics Limited - India
- Price Waterhouse Coopers - Russia
- PTC India Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jaiprakash Power Ventures ltd
- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
- Bayan Resources Tbk. - Indonesia
- GMR Energy Limited - India
- Chamber of Mines of South Africa
- Rashtriya Ispat Nigam Limited - India
- Holcim Trading Pte Ltd - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Madhucon Powers Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Grasim Industreis Ltd - India
- Bhushan Steel Limited - India
- Mjunction Services Limited - India
- VISA Power Limited - India
- Banpu Public Company Limited - Thailand
- Directorate Of Revenue Intelligence - India
- Aboitiz Power Corporation - Philippines
- Riau Bara Harum - Indonesia
- Attock Cement Pakistan Limited
- Tata Chemicals Ltd - India
- Planning Commission, India
- ASAPP Information Group - India
- Bangladesh Power Developement Board
- The University of Queensland
- Binh Thuan Hamico - Vietnam
- Baramulti Group, Indonesia
- Malabar Cements Ltd - India
- Barasentosa Lestari - Indonesia
- McConnell Dowell - Australia
- Interocean Group of Companies - India
- Oldendorff Carriers - Singapore
- Ministry of Transport, Egypt
- Global Green Power PLC Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Borneo Indobara - Indonesia
- Deloitte Consulting - India
- CNBM International Corporation - China
- Bukit Baiduri Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Altura Mining Limited, Indonesia
- Gujarat Sidhee Cement - India
- Petron Corporation, Philippines
- ICICI Bank Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Thiess Contractors Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Coal Council - USA
- Mercator Lines Limited - India
- Star Paper Mills Limited - India
- Cigading International Bulk Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- MS Steel International - UAE
- Simpson Spence & Young - Indonesia
- Vedanta Resources Plc - India
- Ind-Barath Power Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Australian Commodity Traders Exchange
- Singapore Mercantile Exchange
- Makarim & Taira - Indonesia
- Indika Energy - Indonesia
- Global Business Power Corporation, Philippines
- Cement Manufacturers Association - India
- Timah Investasi Mineral - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Mercuria Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Australian Coal Association
- Kapuas Tunggal Persada - Indonesia
- The Treasury - Australian Government
- Pipit Mutiara Jaya. PT, Indonesia
- Xindia Steels Limited - India
- Minerals Council of Australia
- Parry Sugars Refinery, India
- Indian Oil Corporation Limited
- Coal and Oil Company - UAE
- PNOC Exploration Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Uttam Galva Steels Limited - India
- Sojitz Corporation - Japan
- Ministry of Mines - Canada
- Wood Mackenzie - Singapore
- CIMB Investment Bank - Malaysia
- IHS Mccloskey Coal Group - USA
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