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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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Friday, 23 September 22
CHINA DIGS DEEP TO RAISE COAL OUTPUT TO RECORD HIGH - REUTERS
China’s coal production has surged this year as the government seeks to improve energy security by reducing dependence on imports and amassin ...
Friday, 23 September 22
EUROPEAN STEEL BUYERS SEEK DIRECTION IN VOLATILE MARKET - MEPS INTERNATIONAL
Demand for steel is slow to recover, after the summer break. Mill production costs continue to increase. Steel purchasers are uncertain about the f ...
Friday, 23 September 22
BUOYANT COAL INDUSTRY SEEKS WAYS TO STAY IN THE LONG-TERM ENERGY MIX - REUTERS
There’s no doubt that the global coal industry has been a major beneficiary of Russia’s invasion of Ukraine and the subsequent energy c ...
Friday, 23 September 22
MARKET INSIGHT - INTERMODAL
In view of the forthcoming winter, Europe is trying to escape from its energy (oil & gas) dependency from Russia to ensure energy abundance eve ...
Tuesday, 20 September 22
CHINA'S DAILY COAL OUTPUT HITS 3-MONTH LOW IN AUGUST ON RAINS, COVID CURBS - REUTERS
China’s daily coal output in August slipped to a three-month low as some mines in its biggest coal mining regions reduced operations or even ...
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- Bangladesh Power Developement Board
- PowerSource Philippines DevCo
- International Coal Ventures Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Global Coal Blending Company Limited - Australia
- Meenaskhi Energy Private Limited - India
- Parry Sugars Refinery, India
- The State Trading Corporation of India Ltd
- Pendopo Energi Batubara - Indonesia
- Mercuria Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Mjunction Services Limited - India
- Sinarmas Energy and Mining - Indonesia
- Ministry of Finance - Indonesia
- VISA Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- White Energy Company Limited
- European Bulk Services B.V. - Netherlands
- GMR Energy Limited - India
- Binh Thuan Hamico - Vietnam
- Central Java Power - Indonesia
- Kobexindo Tractors - Indoneisa
- Sojitz Corporation - Japan
- New Zealand Coal & Carbon
- Interocean Group of Companies - India
- Borneo Indobara - Indonesia
- Posco Energy - South Korea
- Iligan Light & Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Indika Energy - Indonesia
- Kumho Petrochemical, South Korea
- Ceylon Electricity Board - Sri Lanka
- Orica Mining Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Sindya Power Generating Company Private Ltd
- SMC Global Power, Philippines
- Manunggal Multi Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Vizag Seaport Private Limited - India
- Meralco Power Generation, Philippines
- Independent Power Producers Association of India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IHS Mccloskey Coal Group - USA
- GVK Power & Infra Limited - India
- London Commodity Brokers - England
- Barasentosa Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Power Finance Corporation Ltd., India
- Pipit Mutiara Jaya. PT, Indonesia
- Globalindo Alam Lestari - Indonesia
- Trasteel International SA, Italy
- Ambuja Cements Ltd - India
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- Baramulti Group, Indonesia
- Global Business Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Bulk Trading Sa - Switzerland
- IEA Clean Coal Centre - UK
- Semirara Mining and Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coal and Oil Company - UAE
- Kideco Jaya Agung - Indonesia
- Parliament of New Zealand
- Sakthi Sugars Limited - India
- Medco Energi Mining Internasional
- Carbofer General Trading SA - India
- San Jose City I Power Corp, Philippines
- Ministry of Transport, Egypt
- Kapuas Tunggal Persada - Indonesia
- Malabar Cements Ltd - India
- Australian Commodity Traders Exchange
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Gujarat Sidhee Cement - India
- Bukit Baiduri Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Bharathi Cement Corporation - India
- Energy Link Ltd, New Zealand
- Petron Corporation, Philippines
- ICICI Bank Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Economic Council, Georgia
- Petrochimia International Co. Ltd.- Taiwan
- Madhucon Powers Ltd - India
- Singapore Mercantile Exchange
- Neyveli Lignite Corporation Ltd, - India
- Dalmia Cement Bharat India
- Jaiprakash Power Ventures ltd
- Leighton Contractors Pty Ltd - Australia
- Thiess Contractors Indonesia
- Banpu Public Company Limited - Thailand
- Eastern Coal Council - USA
- Electricity Authority, New Zealand
- Intertek Mineral Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Goldman Sachs - Singapore
- Merrill Lynch Commodities Europe
- Gujarat Mineral Development Corp Ltd - India
- Lanco Infratech Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Larsen & Toubro Limited - India
- MS Steel International - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Deloitte Consulting - India
- Karbindo Abesyapradhi - Indoneisa
- The Treasury - Australian Government
- Gujarat Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Krishnapatnam Port Company Ltd. - India
- Karaikal Port Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Riau Bara Harum - Indonesia
- CNBM International Corporation - China
- Bukit Asam (Persero) Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Thai Mozambique Logistica
- Metalloyd Limited - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Coastal Gujarat Power Limited - India
- Toyota Tsusho Corporation, Japan
- Bukit Makmur.PT - Indonesia
- Electricity Generating Authority of Thailand
- PTC India Limited - India
- The University of Queensland
- Billiton Holdings Pty Ltd - Australia
- Rio Tinto Coal - Australia
- Mintek Dendrill Indonesia
- Wood Mackenzie - Singapore
- Tamil Nadu electricity Board
- Asmin Koalindo Tuhup - Indonesia
- Heidelberg Cement - Germany
- Latin American Coal - Colombia
- Commonwealth Bank - Australia
- Rashtriya Ispat Nigam Limited - India
- SMG Consultants - Indonesia
- Essar Steel Hazira Ltd - India
- Energy Development Corp, Philippines
- Mercator Lines Limited - India
- Oldendorff Carriers - Singapore
- Altura Mining Limited, Indonesia
- Antam Resourcindo - Indonesia
- Simpson Spence & Young - Indonesia
- Port Waratah Coal Services - Australia
- Straits Asia Resources Limited - Singapore
- Orica Australia Pty. Ltd.
- Renaissance Capital - South Africa
- Agrawal Coal Company - India
- Planning Commission, India
- Australian Coal Association
- Africa Commodities Group - South Africa
- Indian Oil Corporation Limited
- Bhatia International Limited - India
- PetroVietnam Power Coal Import and Supply Company
- OPG Power Generation Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhushan Steel Limited - India
- India Bulls Power Limited - India
- Maheswari Brothers Coal Limited - India
- Chettinad Cement Corporation Ltd - India
- South Luzon Thermal Energy Corporation
- Jindal Steel & Power Ltd - India
- Videocon Industries ltd - India
- CIMB Investment Bank - Malaysia
- Kaltim Prima Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement - Thailand
- Cement Manufacturers Association - India
- Marubeni Corporation - India
- Indian Energy Exchange, India
- Kalimantan Lumbung Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- SN Aboitiz Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- McConnell Dowell - Australia
- Attock Cement Pakistan Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Star Paper Mills Limited - India
- Standard Chartered Bank - UAE
- Sree Jayajothi Cements Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Tata Chemicals Ltd - India
- Eastern Energy - Thailand
- Vedanta Resources Plc - India
- Minerals Council of Australia
- Anglo American - United Kingdom
- Makarim & Taira - Indonesia
- Directorate Of Revenue Intelligence - India
- PNOC Exploration Corporation - Philippines
- Aditya Birla Group - India
- Chamber of Mines of South Africa
- Kartika Selabumi Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Xindia Steels Limited - India
- Wilmar Investment Holdings
- Romanian Commodities Exchange
- ASAPP Information Group - India
- Grasim Industreis Ltd - India
- Bayan Resources Tbk. - Indonesia
- Central Electricity Authority - India
- Coalindo Energy - Indonesia
- Siam City Cement PLC, Thailand
- Kepco SPC Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Alfred C Toepfer International GmbH - Germany
- GAC Shipping (India) Pvt Ltd
- Indogreen Group - Indonesia
- Edison Trading Spa - Italy
- Cigading International Bulk Terminal - Indonesia
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