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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, 14 July 22
INDIA'S COAL IMPORTS HIT RECORD HIGH IN JUNE - REUTERS
India's coal imports hit a record high in June despite high global prices, data from three trade sources and Refinitiv ship tracking showed, as ...
Thursday, 14 July 22
CHINA'S JUNE COAL IMPORTS SLUMP AS TRADERS SHUN EXPENSIVE OVERSEAS CARGOES - REUTERS
China’s coal imports fell 33% in June from a year ago, with traders turning down expensive overseas cargoes in favor of domestic ones with ca ...
Wednesday, 13 July 22
KOWEPO TO IMPORT 2.79 MILLION TONS OF LOW TO MEDIUM COAL
COALspot.com: Korea Western Power Co., Ltd. (KOWEPO) has issued an International tender for Total 1360k MT of Min.4400 kcal/kg NCV coal and Total 1 ...
Wednesday, 13 July 22
HAVE MINERS MISSED THE BOAT TO INVEST AND GET AHEAD OF THE ENERGY TRANSITION? - WOOD MACKENZIE
Miners are in rude health, benefiting from economic stimuli, the post-pandemic recovery and associated supply constraints. Initially the Ukraine wa ...
Wednesday, 13 July 22
MARKET INSIGHT - INTERMODAL
Taking the previous market insight a step further, market sentiment remains bullish regarding the overall ROI of scrubbers, facing tailwinds from a ...
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- Wilmar Investment Holdings
- Baramulti Group, Indonesia
- Mjunction Services Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Iligan Light & Power Inc, Philippines
- Standard Chartered Bank - UAE
- Central Java Power - Indonesia
- The State Trading Corporation of India Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Sojitz Corporation - Japan
- Ind-Barath Power Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Sindya Power Generating Company Private Ltd
- ICICI Bank Limited - India
- Aditya Birla Group - India
- Ministry of Mines - Canada
- Vijayanagar Sugar Pvt Ltd - India
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Kepco SPC Power Corporation, Philippines
- Ministry of Transport, Egypt
- Petron Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Australian Coal Association
- Kapuas Tunggal Persada - Indonesia
- GVK Power & Infra Limited - India
- TeaM Sual Corporation - Philippines
- MS Steel International - UAE
- Agrawal Coal Company - India
- Coalindo Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Malabar Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Toyota Tsusho Corporation, Japan
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement - Thailand
- Attock Cement Pakistan Limited
- Bukit Baiduri Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Commonwealth Bank - Australia
- LBH Netherlands Bv - Netherlands
- Energy Link Ltd, New Zealand
- Romanian Commodities Exchange
- London Commodity Brokers - England
- Oldendorff Carriers - Singapore
- Bhushan Steel Limited - India
- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- CIMB Investment Bank - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Coal and Oil Company - UAE
- Kartika Selabumi Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Parliament of New Zealand
- Kideco Jaya Agung - Indonesia
- Sical Logistics Limited - India
- Riau Bara Harum - Indonesia
- The Treasury - Australian Government
- PTC India Limited - India
- Cement Manufacturers Association - India
- Gujarat Electricity Regulatory Commission - India
- The University of Queensland
- Essar Steel Hazira Ltd - India
- PowerSource Philippines DevCo
- Posco Energy - South Korea
- Kalimantan Lumbung Energi - Indonesia
- White Energy Company Limited
- Manunggal Multi Energi - Indonesia
- Georgia Ports Authority, United States
- Central Electricity Authority - India
- Ceylon Electricity Board - Sri Lanka
- Salva Resources Pvt Ltd - India
- Planning Commission, India
- Port Waratah Coal Services - Australia
- Orica Australia Pty. Ltd.
- IEA Clean Coal Centre - UK
- Aboitiz Power Corporation - Philippines
- Electricity Generating Authority of Thailand
- Thai Mozambique Logistica
- European Bulk Services B.V. - Netherlands
- Jindal Steel & Power Ltd - India
- Global Business Power Corporation, Philippines
- Singapore Mercantile Exchange
- Makarim & Taira - Indonesia
- VISA Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Energy Exchange, India
- Medco Energi Mining Internasional
- Bharathi Cement Corporation - India
- Marubeni Corporation - India
- Bhatia International Limited - India
- Lanco Infratech Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Formosa Plastics Group - Taiwan
- Krishnapatnam Port Company Ltd. - India
- Karaikal Port Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Coastal Gujarat Power Limited - India
- Vizag Seaport Private Limited - India
- Semirara Mining Corp, Philippines
- Dalmia Cement Bharat India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Grasim Industreis Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Indo Tambangraya Megah - Indonesia
- Cigading International Bulk Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Sakthi Sugars Limited - India
- GMR Energy Limited - India
- Interocean Group of Companies - India
- Barasentosa Lestari - Indonesia
- Indogreen Group - Indonesia
- Carbofer General Trading SA - India
- TNB Fuel Sdn Bhd - Malaysia
- Goldman Sachs - Singapore
- Therma Luzon, Inc, Philippines
- Anglo American - United Kingdom
- Renaissance Capital - South Africa
- Kobexindo Tractors - Indoneisa
- San Jose City I Power Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Economic Council, Georgia
- Merrill Lynch Commodities Europe
- Independent Power Producers Association of India
- Wood Mackenzie - Singapore
- PNOC Exploration Corporation - Philippines
- Mercator Lines Limited - India
- SN Aboitiz Power Inc, Philippines
- Vedanta Resources Plc - India
- Semirara Mining and Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Parry Sugars Refinery, India
- Eastern Coal Council - USA
- Intertek Mineral Services - Indonesia
- Latin American Coal - Colombia
- GN Power Mariveles Coal Plant, Philippines
- CNBM International Corporation - China
- Altura Mining Limited, Indonesia
- Trasteel International SA, Italy
- Africa Commodities Group - South Africa
- Banpu Public Company Limited - Thailand
- Rashtriya Ispat Nigam Limited - India
- Borneo Indobara - Indonesia
- Straits Asia Resources Limited - Singapore
- Rio Tinto Coal - Australia
- Australian Commodity Traders Exchange
- Larsen & Toubro Limited - India
- Bayan Resources Tbk. - Indonesia
- Siam City Cement PLC, Thailand
- Power Finance Corporation Ltd., India
- Ambuja Cements Ltd - India
- Indonesian Coal Mining Association
- Eastern Energy - Thailand
- ASAPP Information Group - India
- New Zealand Coal & Carbon
- Asmin Koalindo Tuhup - Indonesia
- SMC Global Power, Philippines
- SMG Consultants - Indonesia
- Uttam Galva Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Thiess Contractors Indonesia
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- Tata Chemicals Ltd - India
- Edison Trading Spa - Italy
- Sarangani Energy Corporation, Philippines
- Metalloyd Limited - United Kingdom
- McConnell Dowell - Australia
- Madhucon Powers Ltd - India
- Chettinad Cement Corporation Ltd - India
- Bulk Trading Sa - Switzerland
- Jorong Barutama Greston.PT - Indonesia
- Heidelberg Cement - Germany
- Global Coal Blending Company Limited - Australia
- Tamil Nadu electricity Board
- Minerals Council of Australia
- Videocon Industries ltd - India
- Price Waterhouse Coopers - Russia
- Maharashtra Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Savvy Resources Ltd - HongKong
- Indian Oil Corporation Limited
- Chamber of Mines of South Africa
- AsiaOL BioFuels Corp., Philippines
- Samtan Co., Ltd - South Korea
- Mercuria Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- International Coal Ventures Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Makmur.PT - Indonesia
- Simpson Spence & Young - Indonesia
- India Bulls Power Limited - India
- Mintek Dendrill Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kumho Petrochemical, South Korea
- Star Paper Mills Limited - India
- Deloitte Consulting - India
- Bahari Cakrawala Sebuku - Indonesia
- Meralco Power Generation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Energy Development Corp, Philippines
- Gujarat Sidhee Cement - India
- Global Green Power PLC Corporation, Philippines
- Indika Energy - Indonesia
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