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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, 30 June 22
WHY ARE LNG SHIPPING STOCKS RESILIENT? - DREWRY
LNG shipping stocks are proving resilient despite uncertainties about growth in global GDP, high inflation and the ongoing geopolitical crisis caus ...
Thursday, 30 June 22
SPOT AUSTRALIAN THERMAL COAL HAS SURGED, BUT CONTRACT PRICE IS KEY - REUTERS
The spot price of Australian thermal coal is higher than that of coking coal, an unprecedented situation that highlights just how the global market ...
Thursday, 30 June 22
SHANXI PROVINCE RAISES ANNUAL COAL OUTPUT TO 1.3 BILLION TONS TO ENSURE CHINA’S ENERGY SUPPLY - GLOBAL TIMES
North China’s Shanxi Province, a major coal-producing region, recently announced a move to increase its annual coal production output by 107 ...
Thursday, 30 June 22
DIVERGENCE BETWEEN HIGH- AND LOW-GRADE THERMAL COAL PRICES IN APAC TO NARROW - FITCH RATINGS
Prices between high- and low-grade thermal coal in Asia-Pacific (APAC) have diverged since late March 2022, but Fitch Ratings expects the gap to na ...
Thursday, 30 June 22
INVESTMENT IN GLOBAL COAL SUPPLY CHAIN TO HIT $115 BN IN 2022, LED BY CHINA AND INDIA - BUSINESS LINE
At over $80 billion, China and India are anticipated to make up the bulk of global coal investment in 2022, says IEA.
The investment ...
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- Cement Manufacturers Association - India
- CNBM International Corporation - China
- Port Waratah Coal Services - Australia
- Semirara Mining Corp, Philippines
- Indika Energy - Indonesia
- Coalindo Energy - Indonesia
- Energy Link Ltd, New Zealand
- Antam Resourcindo - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Mercator Lines Limited - India
- Attock Cement Pakistan Limited
- Electricity Generating Authority of Thailand
- Mjunction Services Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indogreen Group - Indonesia
- India Bulls Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Borneo Indobara - Indonesia
- Heidelberg Cement - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- SMC Global Power, Philippines
- Georgia Ports Authority, United States
- Sinarmas Energy and Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Sakthi Sugars Limited - India
- Thiess Contractors Indonesia
- Agrawal Coal Company - India
- Gujarat Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Xindia Steels Limited - India
- Gujarat Sidhee Cement - India
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- Carbofer General Trading SA - India
- Therma Luzon, Inc, Philippines
- London Commodity Brokers - England
- Mintek Dendrill Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Electricity Authority, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Ambuja Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Pendopo Energi Batubara - Indonesia
- Siam City Cement PLC, Thailand
- Iligan Light & Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Grasim Industreis Ltd - India
- Bhushan Steel Limited - India
- Meenaskhi Energy Private Limited - India
- Wood Mackenzie - Singapore
- Deloitte Consulting - India
- TeaM Sual Corporation - Philippines
- Orica Mining Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- IHS Mccloskey Coal Group - USA
- Kapuas Tunggal Persada - Indonesia
- Jindal Steel & Power Ltd - India
- Posco Energy - South Korea
- OPG Power Generation Pvt Ltd - India
- Tata Chemicals Ltd - India
- ASAPP Information Group - India
- Sical Logistics Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Samtan Co., Ltd - South Korea
- Videocon Industries ltd - India
- Australian Commodity Traders Exchange
- Australian Coal Association
- Formosa Plastics Group - Taiwan
- Manunggal Multi Energi - Indonesia
- Indian Oil Corporation Limited
- Binh Thuan Hamico - Vietnam
- Siam City Cement - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Petron Corporation, Philippines
- Minerals Council of Australia
- PetroVietnam Power Coal Import and Supply Company
- Neyveli Lignite Corporation Ltd, - India
- Mercuria Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Banpu Public Company Limited - Thailand
- LBH Netherlands Bv - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- Altura Mining Limited, Indonesia
- Bulk Trading Sa - Switzerland
- Lanco Infratech Ltd - India
- GMR Energy Limited - India
- Billiton Holdings Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Vizag Seaport Private Limited - India
- Chamber of Mines of South Africa
- Indonesian Coal Mining Association
- PTC India Limited - India
- Central Java Power - Indonesia
- Metalloyd Limited - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- The Treasury - Australian Government
- Ministry of Finance - Indonesia
- Sojitz Corporation - Japan
- VISA Power Limited - India
- PowerSource Philippines DevCo
- Sree Jayajothi Cements Limited - India
- Essar Steel Hazira Ltd - India
- Kaltim Prima Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Eastern Coal Council - USA
- Bhatia International Limited - India
- Holcim Trading Pte Ltd - Singapore
- Krishnapatnam Port Company Ltd. - India
- Malabar Cements Ltd - India
- Aditya Birla Group - India
- Riau Bara Harum - Indonesia
- MS Steel International - UAE
- Maheswari Brothers Coal Limited - India
- Ministry of Mines - Canada
- Ministry of Transport, Egypt
- Parliament of New Zealand
- SMG Consultants - Indonesia
- Globalindo Alam Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- McConnell Dowell - Australia
- Global Business Power Corporation, Philippines
- Singapore Mercantile Exchange
- Planning Commission, India
- Chettinad Cement Corporation Ltd - India
- Kobexindo Tractors - Indoneisa
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- GN Power Mariveles Coal Plant, Philippines
- GVK Power & Infra Limited - India
- Dalmia Cement Bharat India
- Straits Asia Resources Limited - Singapore
- Romanian Commodities Exchange
- GAC Shipping (India) Pvt Ltd
- Bukit Makmur.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- Thai Mozambique Logistica
- Barasentosa Lestari - Indonesia
- Trasteel International SA, Italy
- Goldman Sachs - Singapore
- Kepco SPC Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Interocean Group of Companies - India
- Edison Trading Spa - Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Global Green Power PLC Corporation, Philippines
- Marubeni Corporation - India
- Star Paper Mills Limited - India
- New Zealand Coal & Carbon
- AsiaOL BioFuels Corp., Philippines
- Vedanta Resources Plc - India
- ICICI Bank Limited - India
- Indian Energy Exchange, India
- The University of Queensland
- Uttam Galva Steels Limited - India
- Orica Australia Pty. Ltd.
- European Bulk Services B.V. - Netherlands
- Latin American Coal - Colombia
- Salva Resources Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate Of Revenue Intelligence - India
- Anglo American - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Energy Development Corp, Philippines
- Tamil Nadu electricity Board
- San Jose City I Power Corp, Philippines
- Central Electricity Authority - India
- Meralco Power Generation, Philippines
- Merrill Lynch Commodities Europe
- Eastern Energy - Thailand
- Makarim & Taira - Indonesia
- Economic Council, Georgia
- Madhucon Powers Ltd - India
- Commonwealth Bank - Australia
- Intertek Mineral Services - Indonesia
- Wilmar Investment Holdings
- Parry Sugars Refinery, India
- Cigading International Bulk Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Bharathi Cement Corporation - India
- IEA Clean Coal Centre - UK
- South Luzon Thermal Energy Corporation
- Semirara Mining and Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Oldendorff Carriers - Singapore
- Rio Tinto Coal - Australia
- Larsen & Toubro Limited - India
- Indo Tambangraya Megah - Indonesia
- Renaissance Capital - South Africa
- SN Aboitiz Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Coal and Oil Company - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Alfred C Toepfer International GmbH - Germany
- Bangladesh Power Developement Board
- Karaikal Port Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- PNOC Exploration Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- The State Trading Corporation of India Ltd
- Kumho Petrochemical, South Korea
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