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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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Thursday, 26 January 23
AUSTRALIA'S CORONADO GLOBAL SEES COAL PRICES RISING ON RESUMING CHINA IMPORTS - REUTERS
Australia’s Coronado Global Resources said on Tuesday resuming metallurgical coal imports to China would likely push sea-borne coal prices hi ...
Monday, 23 January 23
CHINA'S MAJOR COAL-PRODUCING PROVINCE ACCELERATES DIGITAL TRANSFORMATION - XINHUA
At Chindata Group’s big-data industrial park in Lingqiu County of Datong City, hundreds of thousands of servers are running round-the-clock t ...
Monday, 23 January 23
CHINA'S COAL-RICH PROVINCE SEES COAL PRODUCTION INCREASE IN 2022 - XINHUA
North China’s coal-rich province of Shanxi saw its coal production hit 1.31 billion tonnes in 2022, up 8.7 percent year on year, local author ...
Wednesday, 18 January 23
MARKET INSIGHT - INTERMODAL
From Feb 5, another price cap will be introduced to Russian fuels and oil products, adding to the one for crude oil, already in place from Dec. 3. ...
Tuesday, 17 January 23
FRAUD IS THE BIGGEST THREAT TO CARGO LOSSES - TT CLUB
The almost exclusive use of online facilities to process business transactions allows a myriad of fraudulent pursuits to find opportunities within ...
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- Directorate General of MIneral and Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Renaissance Capital - South Africa
- Borneo Indobara - Indonesia
- London Commodity Brokers - England
- LBH Netherlands Bv - Netherlands
- White Energy Company Limited
- Holcim Trading Pte Ltd - Singapore
- SN Aboitiz Power Inc, Philippines
- Indian Oil Corporation Limited
- Bukit Asam (Persero) Tbk - Indonesia
- SMC Global Power, Philippines
- Port Waratah Coal Services - Australia
- Aditya Birla Group - India
- Cement Manufacturers Association - India
- Energy Development Corp, Philippines
- ASAPP Information Group - India
- Kartika Selabumi Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Oldendorff Carriers - Singapore
- Sakthi Sugars Limited - India
- Banpu Public Company Limited - Thailand
- Miang Besar Coal Terminal - Indonesia
- Georgia Ports Authority, United States
- Anglo American - United Kingdom
- Energy Link Ltd, New Zealand
- Indo Tambangraya Megah - Indonesia
- Simpson Spence & Young - Indonesia
- Indogreen Group - Indonesia
- India Bulls Power Limited - India
- Singapore Mercantile Exchange
- PetroVietnam Power Coal Import and Supply Company
- Metalloyd Limited - United Kingdom
- The Treasury - Australian Government
- Kalimantan Lumbung Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Eastern Energy - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- PTC India Limited - India
- Global Business Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- South Luzon Thermal Energy Corporation
- Central Java Power - Indonesia
- Malabar Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- Altura Mining Limited, Indonesia
- Central Electricity Authority - India
- San Jose City I Power Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Barasentosa Lestari - Indonesia
- Indika Energy - Indonesia
- Larsen & Toubro Limited - India
- Grasim Industreis Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Attock Cement Pakistan Limited
- Makarim & Taira - Indonesia
- Samtan Co., Ltd - South Korea
- IHS Mccloskey Coal Group - USA
- Intertek Mineral Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Standard Chartered Bank - UAE
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement - Thailand
- McConnell Dowell - Australia
- International Coal Ventures Pvt Ltd - India
- Minerals Council of Australia
- Bukit Makmur.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- VISA Power Limited - India
- Straits Asia Resources Limited - Singapore
- Chamber of Mines of South Africa
- Indian Energy Exchange, India
- Ministry of Mines - Canada
- Interocean Group of Companies - India
- Bangladesh Power Developement Board
- Binh Thuan Hamico - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Sindya Power Generating Company Private Ltd
- Sical Logistics Limited - India
- Riau Bara Harum - Indonesia
- Eastern Coal Council - USA
- Leighton Contractors Pty Ltd - Australia
- Electricity Authority, New Zealand
- Jindal Steel & Power Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Uttam Galva Steels Limited - India
- SMG Consultants - Indonesia
- Vedanta Resources Plc - India
- Kaltim Prima Coal - Indonesia
- Gujarat Sidhee Cement - India
- Dalmia Cement Bharat India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petron Corporation, Philippines
- Electricity Generating Authority of Thailand
- Kohat Cement Company Ltd. - Pakistan
- Ceylon Electricity Board - Sri Lanka
- Parliament of New Zealand
- Deloitte Consulting - India
- Mintek Dendrill Indonesia
- Global Green Power PLC Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Kumho Petrochemical, South Korea
- Semirara Mining and Power Corporation, Philippines
- Parry Sugars Refinery, India
- Carbofer General Trading SA - India
- Manunggal Multi Energi - Indonesia
- Siam City Cement PLC, Thailand
- GN Power Mariveles Coal Plant, Philippines
- Kobexindo Tractors - Indoneisa
- Bhatia International Limited - India
- PNOC Exploration Corporation - Philippines
- Thai Mozambique Logistica
- Edison Trading Spa - Italy
- OPG Power Generation Pvt Ltd - India
- Posco Energy - South Korea
- Orica Australia Pty. Ltd.
- Heidelberg Cement - Germany
- Marubeni Corporation - India
- Kideco Jaya Agung - Indonesia
- Planning Commission, India
- Toyota Tsusho Corporation, Japan
- Orica Mining Services - Indonesia
- Savvy Resources Ltd - HongKong
- Xindia Steels Limited - India
- GVK Power & Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Global Coal Blending Company Limited - Australia
- Mercuria Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GMR Energy Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- Mercator Lines Limited - India
- Bharathi Cement Corporation - India
- Thiess Contractors Indonesia
- Star Paper Mills Limited - India
- Timah Investasi Mineral - Indoneisa
- Madhucon Powers Ltd - India
- Pendopo Energi Batubara - Indonesia
- Jaiprakash Power Ventures ltd
- Price Waterhouse Coopers - Russia
- Trasteel International SA, Italy
- GAC Shipping (India) Pvt Ltd
- Chettinad Cement Corporation Ltd - India
- Kepco SPC Power Corporation, Philippines
- Commonwealth Bank - Australia
- Directorate Of Revenue Intelligence - India
- New Zealand Coal & Carbon
- Mjunction Services Limited - India
- Lanco Infratech Ltd - India
- Independent Power Producers Association of India
- PowerSource Philippines DevCo
- Tata Chemicals Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Australian Commodity Traders Exchange
- Iligan Light & Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Aboitiz Power Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Ministry of Transport, Egypt
- MS Steel International - UAE
- Formosa Plastics Group - Taiwan
- CIMB Investment Bank - Malaysia
- Antam Resourcindo - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
- Semirara Mining Corp, Philippines
- Vizag Seaport Private Limited - India
- Essar Steel Hazira Ltd - India
- Indonesian Coal Mining Association
- Economic Council, Georgia
- Medco Energi Mining Internasional
- Bhoruka Overseas - Indonesia
- The State Trading Corporation of India Ltd
- Kapuas Tunggal Persada - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Meralco Power Generation, Philippines
- Ministry of Finance - Indonesia
- The University of Queensland
- Therma Luzon, Inc, Philippines
- Latin American Coal - Colombia
- Wood Mackenzie - Singapore
- CNBM International Corporation - China
- Karaikal Port Pvt Ltd - India
- Power Finance Corporation Ltd., India
- ICICI Bank Limited - India
- Meenaskhi Energy Private Limited - India
- Bulk Trading Sa - Switzerland
- Bayan Resources Tbk. - Indonesia
- Australian Coal Association
- Agrawal Coal Company - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coastal Gujarat Power Limited - India
- Sojitz Corporation - Japan
- Globalindo Alam Lestari - Indonesia
- Coal and Oil Company - UAE
- Videocon Industries ltd - India
- AsiaOL BioFuels Corp., Philippines
- Karbindo Abesyapradhi - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Romanian Commodities Exchange
- IEA Clean Coal Centre - UK
- Tamil Nadu electricity Board
- Rio Tinto Coal - Australia
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