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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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Wednesday, 09 February 22
OIL PRICES: "IT'S GOING TO BE VERY EASY" TO GET TO $100/BARREL, ANALYST SAYS - YAHOO FINANCE
Energy and oil prices have been on fire over the last six months — and expect them to go higher, says one analyst.
“For ...
Wednesday, 09 February 22
MARKET INSIGHT - INTERMODAL
Iron ore prices have jumped significantly in the week prior to the Chinese New Year with traders and producers stocking up on raw materials. China& ...
Wednesday, 09 February 22
FEBRUARY HBA HITS RECORD HIGH IN 2022 ON INDONESIA’S EXPORT BAN IN JANUARY, WORSEN SUPPLY, UKRAINE TENSIONS
COALspot.com: Indonesian Coal Price Reference for February in a steep climb from January 2022.
As expected in January the Indonesia ...
Wednesday, 09 February 22
CHINESE COAL MARKS BEST DAY IN 4 MONTHS ON TIGHT SUPPLY, HIGH DEMAND - REUTERS
China’s coal futures on Tuesday recorded their best session since Bejing’s mid-October intervention to cool runaway prices, aided by co ...
Friday, 04 February 22
RENEWABLES ON THE RISE, COAL CONTINUOUSLY FALLING - EUROPEAN COMMISSION
Although oil (34.5%) and natural gas (23.7%) were still the most important fuel sources in the EU energy mix in 2020, renewable energy’s shar ...
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- Neyveli Lignite Corporation Ltd, - India
- Kapuas Tunggal Persada - Indonesia
- New Zealand Coal & Carbon
- Altura Mining Limited, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Wilmar Investment Holdings
- Directorate General of MIneral and Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Asmin Koalindo Tuhup - Indonesia
- Borneo Indobara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- GMR Energy Limited - India
- Cigading International Bulk Terminal - Indonesia
- Australian Coal Association
- Energy Development Corp, Philippines
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- McConnell Dowell - Australia
- Gujarat Mineral Development Corp Ltd - India
- Medco Energi Mining Internasional
- VISA Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Minerals Council of Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Singapore Mercantile Exchange
- Mjunction Services Limited - India
- Coastal Gujarat Power Limited - India
- Port Waratah Coal Services - Australia
- Indian Oil Corporation Limited
- Sarangani Energy Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Mintek Dendrill Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- London Commodity Brokers - England
- Asia Pacific Energy Resources Ventures Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Larsen & Toubro Limited - India
- Attock Cement Pakistan Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Electricity Authority - India
- Indika Energy - Indonesia
- Tamil Nadu electricity Board
- Parry Sugars Refinery, India
- Energy Link Ltd, New Zealand
- Sakthi Sugars Limited - India
- PTC India Limited - India
- Semirara Mining and Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- The University of Queensland
- Power Finance Corporation Ltd., India
- Bhushan Steel Limited - India
- Uttam Galva Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Central Java Power - Indonesia
- Edison Trading Spa - Italy
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- Bhatia International Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Africa Commodities Group - South Africa
- Samtan Co., Ltd - South Korea
- Indonesian Coal Mining Association
- Global Coal Blending Company Limited - Australia
- Orica Mining Services - Indonesia
- Oldendorff Carriers - Singapore
- Karaikal Port Pvt Ltd - India
- India Bulls Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Barasentosa Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- European Bulk Services B.V. - Netherlands
- White Energy Company Limited
- Indogreen Group - Indonesia
- Eastern Coal Council - USA
- IHS Mccloskey Coal Group - USA
- Semirara Mining Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Makmur.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Indian Energy Exchange, India
- Kideco Jaya Agung - Indonesia
- Latin American Coal - Colombia
- Renaissance Capital - South Africa
- MS Steel International - UAE
- Chamber of Mines of South Africa
- Siam City Cement - Thailand
- South Luzon Thermal Energy Corporation
- Dalmia Cement Bharat India
- Posco Energy - South Korea
- Chettinad Cement Corporation Ltd - India
- Trasteel International SA, Italy
- Straits Asia Resources Limited - Singapore
- Toyota Tsusho Corporation, Japan
- ICICI Bank Limited - India
- Cement Manufacturers Association - India
- Simpson Spence & Young - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Anglo American - United Kingdom
- Bharathi Cement Corporation - India
- Merrill Lynch Commodities Europe
- Jorong Barutama Greston.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Rio Tinto Coal - Australia
- Kaltim Prima Coal - Indonesia
- Georgia Ports Authority, United States
- CNBM International Corporation - China
- ASAPP Information Group - India
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- Vizag Seaport Private Limited - India
- Electricity Authority, New Zealand
- Indo Tambangraya Megah - Indonesia
- Grasim Industreis Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- GVK Power & Infra Limited - India
- Aboitiz Power Corporation - Philippines
- Sical Logistics Limited - India
- Commonwealth Bank - Australia
- Goldman Sachs - Singapore
- The State Trading Corporation of India Ltd
- AsiaOL BioFuels Corp., Philippines
- International Coal Ventures Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Mercator Lines Limited - India
- Videocon Industries ltd - India
- Independent Power Producers Association of India
- Thiess Contractors Indonesia
- Planning Commission, India
- Iligan Light & Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Romanian Commodities Exchange
- Rashtriya Ispat Nigam Limited - India
- Ministry of Transport, Egypt
- Lanco Infratech Ltd - India
- Gujarat Sidhee Cement - India
- Star Paper Mills Limited - India
- Meralco Power Generation, Philippines
- Intertek Mineral Services - Indonesia
- Vedanta Resources Plc - India
- Binh Thuan Hamico - Vietnam
- Bukit Baiduri Energy - Indonesia
- Marubeni Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- TNB Fuel Sdn Bhd - Malaysia
- Sojitz Corporation - Japan
- Thai Mozambique Logistica
- Global Business Power Corporation, Philippines
- SMC Global Power, Philippines
- Economic Council, Georgia
- Electricity Generating Authority of Thailand
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- Xindia Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Maharashtra Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Therma Luzon, Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Malabar Cements Ltd - India
- Siam City Cement PLC, Thailand
- Coal and Oil Company - UAE
- Interocean Group of Companies - India
- Wood Mackenzie - Singapore
- Sindya Power Generating Company Private Ltd
- Bayan Resources Tbk. - Indonesia
- Australian Commodity Traders Exchange
- Meenaskhi Energy Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Agrawal Coal Company - India
- TeaM Sual Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IEA Clean Coal Centre - UK
- Tata Chemicals Ltd - India
- Salva Resources Pvt Ltd - India
- Deloitte Consulting - India
- Madhucon Powers Ltd - India
- Kartika Selabumi Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Kobexindo Tractors - Indoneisa
- LBH Netherlands Bv - Netherlands
- Parliament of New Zealand
- Coalindo Energy - Indonesia
- Savvy Resources Ltd - HongKong
- SMG Consultants - Indonesia
- Kumho Petrochemical, South Korea
- Formosa Plastics Group - Taiwan
- Ministry of Mines - Canada
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercuria Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- San Jose City I Power Corp, Philippines
- PowerSource Philippines DevCo
- Eastern Energy - Thailand
- Ministry of Finance - Indonesia
- Jaiprakash Power Ventures ltd
- Price Waterhouse Coopers - Russia
- Ind-Barath Power Infra Limited - India
- Bangladesh Power Developement Board
- Jindal Steel & Power Ltd - India
- Baramulti Group, Indonesia
- Makarim & Taira - Indonesia
- Standard Chartered Bank - UAE
- Kepco SPC Power Corporation, Philippines
- Heidelberg Cement - Germany
- Aditya Birla Group - India
- Ambuja Cements Ltd - India
- Riau Bara Harum - Indonesia
- Antam Resourcindo - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sree Jayajothi Cements Limited - India
- Metalloyd Limited - United Kingdom
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