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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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Sunday, 08 January 23
ELEVATED COAL PRICE A DRAG ON MARGINS OF DOMESTIC BASE METAL PLAYERS: ICRA
The increased price of coal continue to be a drag on the margin of domestic base metal players with no immediate relief in sight, rating agency ICR ...
Monday, 02 January 23
CHINA’S COAL CONSUMPTION TO PEAK BY 2035: REPORT - REUTERS
China’s primary energy consumption is likely to peak at nearly 6.03 billion tonnes of standard coal between 2030 and 2035, refining giant Chi ...
Thursday, 29 December 22
INDIA'S COAL DEMAND LIKELY TO PEAK BETWEEN 2030-2035: MINISTER - ANI
The demand for coal in India will continue and is likely to peak between 2030-2035, Union Minister of Coal, Mines, and Parliamentary Affairs Pralha ...
Thursday, 29 December 22
RIO TINTO AND PARTNERS COULD RECEIVE AS MUCH AS $450M IN GOVERNMENT COMPENSATION FOR COAL PRICE CAP - THE GUARDIAN
Compensation payments for the Gladstone power plant remain the sticking point in the federal government’s coal price cap compensation negotia ...
Wednesday, 28 December 22
MARKET INSIGHT - INTERMODAL
The United Nations Conference on Trade and Development (UNCTAD) published a Global Trade Update on December 13th highlighting that global trade wou ...
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- Riau Bara Harum - Indonesia
- Wood Mackenzie - Singapore
- Miang Besar Coal Terminal - Indonesia
- Indian Energy Exchange, India
- Anglo American - United Kingdom
- Meralco Power Generation, Philippines
- Coastal Gujarat Power Limited - India
- Meenaskhi Energy Private Limited - India
- Altura Mining Limited, Indonesia
- Tata Chemicals Ltd - India
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- VISA Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Rio Tinto Coal - Australia
- Marubeni Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Petrochimia International Co. Ltd.- Taiwan
- Sinarmas Energy and Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- IHS Mccloskey Coal Group - USA
- McConnell Dowell - Australia
- Thiess Contractors Indonesia
- Dalmia Cement Bharat India
- Cement Manufacturers Association - India
- Makarim & Taira - Indonesia
- Mintek Dendrill Indonesia
- Borneo Indobara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- San Jose City I Power Corp, Philippines
- ASAPP Information Group - India
- Mercator Lines Limited - India
- Jindal Steel & Power Ltd - India
- Pendopo Energi Batubara - Indonesia
- Uttam Galva Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Economic Council, Georgia
- Jorong Barutama Greston.PT - Indonesia
- White Energy Company Limited
- Globalindo Alam Lestari - Indonesia
- Heidelberg Cement - Germany
- Metalloyd Limited - United Kingdom
- Merrill Lynch Commodities Europe
- Standard Chartered Bank - UAE
- Rashtriya Ispat Nigam Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- IEA Clean Coal Centre - UK
- Banpu Public Company Limited - Thailand
- Bangladesh Power Developement Board
- Electricity Generating Authority of Thailand
- PowerSource Philippines DevCo
- Interocean Group of Companies - India
- Indo Tambangraya Megah - Indonesia
- Formosa Plastics Group - Taiwan
- Petron Corporation, Philippines
- Indika Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Wilmar Investment Holdings
- Kartika Selabumi Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Eastern Coal Council - USA
- Gujarat Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Bharathi Cement Corporation - India
- Mercuria Energy - Indonesia
- Commonwealth Bank - Australia
- International Coal Ventures Pvt Ltd - India
- Power Finance Corporation Ltd., India
- SMC Global Power, Philippines
- Simpson Spence & Young - Indonesia
- Jaiprakash Power Ventures ltd
- Coalindo Energy - Indonesia
- Ministry of Finance - Indonesia
- Kepco SPC Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Central Java Power - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Carbofer General Trading SA - India
- Bhatia International Limited - India
- Global Coal Blending Company Limited - Australia
- Intertek Mineral Services - Indonesia
- Deloitte Consulting - India
- Bhushan Steel Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- MS Steel International - UAE
- Straits Asia Resources Limited - Singapore
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
- Global Business Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Siam City Cement - Thailand
- Ministry of Mines - Canada
- The Treasury - Australian Government
- Georgia Ports Authority, United States
- Romanian Commodities Exchange
- Ind-Barath Power Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Posco Energy - South Korea
- Agrawal Coal Company - India
- Maharashtra Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Tamil Nadu electricity Board
- New Zealand Coal & Carbon
- Edison Trading Spa - Italy
- Leighton Contractors Pty Ltd - Australia
- Mjunction Services Limited - India
- Orica Australia Pty. Ltd.
- Goldman Sachs - Singapore
- Bukit Baiduri Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Parry Sugars Refinery, India
- GVK Power & Infra Limited - India
- GMR Energy Limited - India
- Lanco Infratech Ltd - India
- Trasteel International SA, Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aditya Birla Group - India
- Electricity Authority, New Zealand
- Planning Commission, India
- Chettinad Cement Corporation Ltd - India
- Bulk Trading Sa - Switzerland
- Holcim Trading Pte Ltd - Singapore
- Independent Power Producers Association of India
- Indogreen Group - Indonesia
- Star Paper Mills Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Australian Coal Association
- Oldendorff Carriers - Singapore
- CNBM International Corporation - China
- Coal and Oil Company - UAE
- LBH Netherlands Bv - Netherlands
- PTC India Limited - India
- Savvy Resources Ltd - HongKong
- Indonesian Coal Mining Association
- GAC Shipping (India) Pvt Ltd
- Toyota Tsusho Corporation, Japan
- Minerals Council of Australia
- Energy Link Ltd, New Zealand
- SN Aboitiz Power Inc, Philippines
- Africa Commodities Group - South Africa
- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- Port Waratah Coal Services - Australia
- Kapuas Tunggal Persada - Indonesia
- London Commodity Brokers - England
- Vedanta Resources Plc - India
- TNB Fuel Sdn Bhd - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Energy Development Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Orica Mining Services - Indonesia
- Price Waterhouse Coopers - Russia
- Barasentosa Lestari - Indonesia
- Sakthi Sugars Limited - India
- Salva Resources Pvt Ltd - India
- Chamber of Mines of South Africa
- Alfred C Toepfer International GmbH - Germany
- Xindia Steels Limited - India
- Binh Thuan Hamico - Vietnam
- Videocon Industries ltd - India
- AsiaOL BioFuels Corp., Philippines
- Medco Energi Mining Internasional
- Bahari Cakrawala Sebuku - Indonesia
- Vizag Seaport Private Limited - India
- Madhucon Powers Ltd - India
- Bukit Makmur.PT - Indonesia
- Gujarat Sidhee Cement - India
- Sojitz Corporation - Japan
- Semirara Mining Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Central Electricity Authority - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- India Bulls Power Limited - India
- European Bulk Services B.V. - Netherlands
- Larsen & Toubro Limited - India
- OPG Power Generation Pvt Ltd - India
- Latin American Coal - Colombia
- Iligan Light & Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Sree Jayajothi Cements Limited - India
- Eastern Energy - Thailand
- The University of Queensland
- Maheswari Brothers Coal Limited - India
- Kumho Petrochemical, South Korea
- Grasim Industreis Ltd - India
- Therma Luzon, Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Bhoruka Overseas - Indonesia
- ICICI Bank Limited - India
- Parliament of New Zealand
- Sical Logistics Limited - India
- Bayan Resources Tbk. - Indonesia
- Indian Oil Corporation Limited
- Antam Resourcindo - Indonesia
- Australian Commodity Traders Exchange
- Manunggal Multi Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- TeaM Sual Corporation - Philippines
- SMG Consultants - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Baramulti Group, Indonesia
- Kideco Jaya Agung - Indonesia
- Attock Cement Pakistan Limited
- Renaissance Capital - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Malabar Cements Ltd - India
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