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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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Tuesday, 05 April 22
INDONESIAN COAL PRICE REFERENCE HITS RECORD ABOVE $288
COALspot.com: Indonesian Coal Price Reference for April in a steep climb from March 2022.
As expected, Russia – Ukraine war dr ...
Thursday, 31 March 22
CHINA STATE PLANNER ASKS COAL INDEX PROVIDERS TO RECTIFY IRREGULARITIES - REUTERS
China’s state planner has asked some major coal price index providers to rectify “severe irregularities” it had identified in the ...
Thursday, 31 March 22
IMPORTED COAL PRICES TO JUMP 55% IN APR-JUN, IMPACT INDIAN FIRMS: ICRA - LIVEMINT
Supply disruption owing to the Russia-Ukraine conflict could push the price of imported coal by 45-55% in Q1FY23 compared to the previous quarter, ...
Thursday, 31 March 22
CHINA'S COAL OUTPUT SET FOR MODERATE GROWTH IN 2022 - INDUSTRY BODY - REUTERS
China is expected to see its coal output to grow further in 2022 after hitting a record last year, an industry body forecast on Wednesday, as the c ...
Tuesday, 29 March 22
MEMR OF INDONESIA HAS FIXED COAL PRICE AT US$ 90 PER TONNE FOR DOMESTIC INDUSTRIES EXCEPT SMELTER INDUSTRIES; FOR PLN USD 70 IS APPLICABLE
Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif has set the selling price of coal for domestic, industrial except metal processing an ...
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- Salva Resources Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Semirara Mining Corp, Philippines
- Coastal Gujarat Power Limited - India
- Wilmar Investment Holdings
- Malabar Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Intertek Mineral Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Attock Cement Pakistan Limited
- Independent Power Producers Association of India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meenaskhi Energy Private Limited - India
- Indian Oil Corporation Limited
- GAC Shipping (India) Pvt Ltd
- Agrawal Coal Company - India
- ASAPP Information Group - India
- Star Paper Mills Limited - India
- Kumho Petrochemical, South Korea
- Baramulti Group, Indonesia
- Straits Asia Resources Limited - Singapore
- PTC India Limited - India
- Deloitte Consulting - India
- International Coal Ventures Pvt Ltd - India
- Videocon Industries ltd - India
- McConnell Dowell - Australia
- Directorate Of Revenue Intelligence - India
- Kepco SPC Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Standard Chartered Bank - UAE
- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Economic Council, Georgia
- Barasentosa Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Port Waratah Coal Services - Australia
- AsiaOL BioFuels Corp., Philippines
- Anglo American - United Kingdom
- Edison Trading Spa - Italy
- Indika Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Tata Chemicals Ltd - India
- Wood Mackenzie - Singapore
- Mintek Dendrill Indonesia
- Altura Mining Limited, Indonesia
- Sojitz Corporation - Japan
- Bulk Trading Sa - Switzerland
- Trasteel International SA, Italy
- Heidelberg Cement - Germany
- Aditya Birla Group - India
- TeaM Sual Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- India Bulls Power Limited - India
- The Treasury - Australian Government
- Ministry of Transport, Egypt
- Bharathi Cement Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- Aboitiz Power Corporation - Philippines
- Coalindo Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Bhushan Steel Limited - India
- Formosa Plastics Group - Taiwan
- Sarangani Energy Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Petron Corporation, Philippines
- Dalmia Cement Bharat India
- The University of Queensland
- Marubeni Corporation - India
- Price Waterhouse Coopers - Russia
- White Energy Company Limited
- Bangladesh Power Developement Board
- Karaikal Port Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Savvy Resources Ltd - HongKong
- San Jose City I Power Corp, Philippines
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Vedanta Resources Plc - India
- Kobexindo Tractors - Indoneisa
- Electricity Generating Authority of Thailand
- Tamil Nadu electricity Board
- European Bulk Services B.V. - Netherlands
- Bukit Baiduri Energy - Indonesia
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
- Mercuria Energy - Indonesia
- Commonwealth Bank - Australia
- Therma Luzon, Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Pendopo Energi Batubara - Indonesia
- Goldman Sachs - Singapore
- Iligan Light & Power Inc, Philippines
- Sical Logistics Limited - India
- Mercator Lines Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Coal and Oil Company - UAE
- Siam City Cement - Thailand
- MS Steel International - UAE
- PNOC Exploration Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Vizag Seaport Private Limited - India
- Lanco Infratech Ltd - India
- IHS Mccloskey Coal Group - USA
- Singapore Mercantile Exchange
- Sindya Power Generating Company Private Ltd
- Sinarmas Energy and Mining - Indonesia
- CNBM International Corporation - China
- Parliament of New Zealand
- Maheswari Brothers Coal Limited - India
- Chettinad Cement Corporation Ltd - India
- Ministry of Finance - Indonesia
- Eastern Energy - Thailand
- GVK Power & Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Africa Commodities Group - South Africa
- Sakthi Sugars Limited - India
- Power Finance Corporation Ltd., India
- SMC Global Power, Philippines
- South Luzon Thermal Energy Corporation
- Jorong Barutama Greston.PT - Indonesia
- Central Java Power - Indonesia
- Romanian Commodities Exchange
- Directorate General of MIneral and Coal - Indonesia
- Uttam Galva Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- VISA Power Limited - India
- London Commodity Brokers - England
- Thai Mozambique Logistica
- Essar Steel Hazira Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Electricity Authority, New Zealand
- Siam City Cement PLC, Thailand
- Energy Link Ltd, New Zealand
- Bukit Makmur.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Larsen & Toubro Limited - India
- Global Green Power PLC Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Gujarat Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- GMR Energy Limited - India
- Interocean Group of Companies - India
- Toyota Tsusho Corporation, Japan
- The State Trading Corporation of India Ltd
- Riau Bara Harum - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Minerals Council of Australia
- Makarim & Taira - Indonesia
- ICICI Bank Limited - India
- Bhatia International Limited - India
- Ceylon Electricity Board - Sri Lanka
- LBH Netherlands Bv - Netherlands
- Rio Tinto Coal - Australia
- Grasim Industreis Ltd - India
- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Chamber of Mines of South Africa
- Cigading International Bulk Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Global Business Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Binh Thuan Hamico - Vietnam
- IEA Clean Coal Centre - UK
- Borneo Indobara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kaltim Prima Coal - Indonesia
- Parry Sugars Refinery, India
- Ambuja Cements Ltd - India
- Thiess Contractors Indonesia
- Oldendorff Carriers - Singapore
- New Zealand Coal & Carbon
- Eastern Coal Council - USA
- Latin American Coal - Colombia
- Cement Manufacturers Association - India
- Jaiprakash Power Ventures ltd
- Simpson Spence & Young - Indonesia
- Mjunction Services Limited - India
- Central Electricity Authority - India
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- PowerSource Philippines DevCo
- Australian Coal Association
- Carbofer General Trading SA - India
- Krishnapatnam Port Company Ltd. - India
- Billiton Holdings Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Bhoruka Overseas - Indonesia
- Xindia Steels Limited - India
- Gujarat Sidhee Cement - India
- Posco Energy - South Korea
- Madhucon Powers Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Planning Commission, India
- Renaissance Capital - South Africa
- Meralco Power Generation, Philippines
- Indogreen Group - Indonesia
- Indonesian Coal Mining Association
- SMG Consultants - Indonesia
- Medco Energi Mining Internasional
- Holcim Trading Pte Ltd - Singapore
- Australian Commodity Traders Exchange
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