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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, 22 December 22
RUSSIAN OIL EXPORTS CRATER BY 54% IN THE FIRST FULL WEEK OF THE EU'S EMBARGO AMID A SHORTAGE OF TANKERS WILLING TO CARRY CARGOES - BUSINESS INSIDER
Since the European Union imposed its seaborne crude sanctions, Russian oil exports have tumbled by more than half, according to data compiled by Bl ...
Thursday, 22 December 22
CHINA TIGHTENS VERIFICATION OF SHIPS’ ENERGY CONSUMPTION DATA - GARD
From 22 December 2022, ships trading to Chinese ports must record their energy consumption data in accordance with the requirements of their Ship E ...
Thursday, 22 December 22
AN OVERVIEW OF THE LNG MARKET - VESSELSVALUE
LNG values have continued to strengthen, spurred by skyrocketing earnings that have surpassed last year’s record breaking peaks. In November, ...
Thursday, 22 December 22
COKING COAL SLUMPS AS TALKS ON AUSTRALIA-CHINA TRADE RIFT LOOM - REUTERS
Chinese coking coal futures dropped more than 3 per cent on Tuesday (Dec 20), extending losses, as supply of the steelmaking input might increase i ...
Thursday, 22 December 22
COAL AND GAS PRICE CAPS MAY COMPOUND POLITICAL RISK FOR AUSTRALIAN CORPORATES - FITCH RATINGS
Australia’s introduction of temporary price caps on domestic sales of gas and coal used for electricity generation will probably have limited ...
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- Vijayanagar Sugar Pvt Ltd - India
- Orica Mining Services - Indonesia
- Heidelberg Cement - Germany
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- Cigading International Bulk Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Indo Tambangraya Megah - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining Corp, Philippines
- ASAPP Information Group - India
- Formosa Plastics Group - Taiwan
- Alfred C Toepfer International GmbH - Germany
- Global Business Power Corporation, Philippines
- ICICI Bank Limited - India
- Sakthi Sugars Limited - India
- Ind-Barath Power Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining and Power Corporation, Philippines
- Ministry of Mines - Canada
- Karaikal Port Pvt Ltd - India
- Central Electricity Authority - India
- Kartika Selabumi Mining - Indonesia
- Sical Logistics Limited - India
- Parliament of New Zealand
- Mintek Dendrill Indonesia
- Asmin Koalindo Tuhup - Indonesia
- SN Aboitiz Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Renaissance Capital - South Africa
- Thiess Contractors Indonesia
- Ministry of Transport, Egypt
- Asia Pacific Energy Resources Ventures Inc, Philippines
- New Zealand Coal & Carbon
- Kumho Petrochemical, South Korea
- Sarangani Energy Corporation, Philippines
- PTC India Limited - India
- Carbofer General Trading SA - India
- PowerSource Philippines DevCo
- Billiton Holdings Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- Miang Besar Coal Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Lanco Infratech Ltd - India
- Grasim Industreis Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Siam City Cement PLC, Thailand
- Orica Australia Pty. Ltd.
- Bukit Asam (Persero) Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Energy Development Corp, Philippines
- Commonwealth Bank - Australia
- Krishnapatnam Port Company Ltd. - India
- GAC Shipping (India) Pvt Ltd
- Wilmar Investment Holdings
- Oldendorff Carriers - Singapore
- Baramulti Group, Indonesia
- Aditya Birla Group - India
- Altura Mining Limited, Indonesia
- SMC Global Power, Philippines
- Jaiprakash Power Ventures ltd
- Kalimantan Lumbung Energi - Indonesia
- Georgia Ports Authority, United States
- Banpu Public Company Limited - Thailand
- Vedanta Resources Plc - India
- Kapuas Tunggal Persada - Indonesia
- International Coal Ventures Pvt Ltd - India
- Cement Manufacturers Association - India
- Energy Link Ltd, New Zealand
- GVK Power & Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Bukit Makmur.PT - Indonesia
- Africa Commodities Group - South Africa
- Ambuja Cements Ltd - India
- Standard Chartered Bank - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Makarim & Taira - Indonesia
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- Bayan Resources Tbk. - Indonesia
- Videocon Industries ltd - India
- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- Therma Luzon, Inc, Philippines
- White Energy Company Limited
- Interocean Group of Companies - India
- Essar Steel Hazira Ltd - India
- India Bulls Power Limited - India
- LBH Netherlands Bv - Netherlands
- Electricity Authority, New Zealand
- Kaltim Prima Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dalmia Cement Bharat India
- CIMB Investment Bank - Malaysia
- Bhatia International Limited - India
- IEA Clean Coal Centre - UK
- Barasentosa Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate Of Revenue Intelligence - India
- Malabar Cements Ltd - India
- Vizag Seaport Private Limited - India
- The University of Queensland
- Petrochimia International Co. Ltd.- Taiwan
- Globalindo Alam Lestari - Indonesia
- Marubeni Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Kobexindo Tractors - Indoneisa
- Intertek Mineral Services - Indonesia
- Coalindo Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Tamil Nadu electricity Board
- Sree Jayajothi Cements Limited - India
- South Luzon Thermal Energy Corporation
- GMR Energy Limited - India
- Planning Commission, India
- Indian Energy Exchange, India
- Posco Energy - South Korea
- Mercator Lines Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- European Bulk Services B.V. - Netherlands
- Mjunction Services Limited - India
- Singapore Mercantile Exchange
- Bukit Baiduri Energy - Indonesia
- MS Steel International - UAE
- Thai Mozambique Logistica
- CNBM International Corporation - China
- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
- Eastern Coal Council - USA
- Star Paper Mills Limited - India
- London Commodity Brokers - England
- Jindal Steel & Power Ltd - India
- Borneo Indobara - Indonesia
- Australian Commodity Traders Exchange
- Directorate General of MIneral and Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Edison Trading Spa - Italy
- Manunggal Multi Energi - Indonesia
- Port Waratah Coal Services - Australia
- Uttam Galva Steels Limited - India
- SMG Consultants - Indonesia
- Sojitz Corporation - Japan
- GN Power Mariveles Coal Plant, Philippines
- Parry Sugars Refinery, India
- Madhucon Powers Ltd - India
- Riau Bara Harum - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Sidhee Cement - India
- Savvy Resources Ltd - HongKong
- The Treasury - Australian Government
- Coastal Gujarat Power Limited - India
- Iligan Light & Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Independent Power Producers Association of India
- Romanian Commodities Exchange
- Maheswari Brothers Coal Limited - India
- The State Trading Corporation of India Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Petron Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Siam City Cement - Thailand
- Medco Energi Mining Internasional
- Attock Cement Pakistan Limited
- Australian Coal Association
- Chamber of Mines of South Africa
- Metalloyd Limited - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Indika Energy - Indonesia
- McConnell Dowell - Australia
- Price Waterhouse Coopers - Russia
- Jorong Barutama Greston.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Anglo American - United Kingdom
- Tata Chemicals Ltd - India
- Pendopo Energi Batubara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bangladesh Power Developement Board
- Gujarat Mineral Development Corp Ltd - India
- Agrawal Coal Company - India
- Gujarat Electricity Regulatory Commission - India
- Economic Council, Georgia
- Latin American Coal - Colombia
- Meralco Power Generation, Philippines
- Eastern Energy - Thailand
- Central Java Power - Indonesia
- Minerals Council of Australia
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- Kideco Jaya Agung - Indonesia
- Coal and Oil Company - UAE
- Samtan Co., Ltd - South Korea
- Chettinad Cement Corporation Ltd - India
- Bharathi Cement Corporation - India
- Deloitte Consulting - India
- Binh Thuan Hamico - Vietnam
- Indonesian Coal Mining Association
- TNB Fuel Sdn Bhd - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Rio Tinto Coal - Australia
- Trasteel International SA, Italy
- Xindia Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Salva Resources Pvt Ltd - India
- Larsen & Toubro Limited - India
- Straits Asia Resources Limited - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Kepco SPC Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- IHS Mccloskey Coal Group - USA
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