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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, 03 February 22
COAL SHORTAGE NOW AT ALARMING LEVELS, SAY ALUMINIUM PRODUCERS - IANS
With no relief in sight despite coal stocks running critically low and production disruptions looming across the Indian aluminium sector, the Alumi ...
Wednesday, 02 February 22
HIGH COKING COAL PRICES PROVIDE GLIMPSE INTO STEELMAKING'S FUTURE - MCKINSEY
Last year was a volatile one in global commodity markets. Demand for coking coal, an essential raw material in the production of steel, was extreme ...
Wednesday, 02 February 22
INDONESIA'S RESTRICTIONS ON COMMODITIES RATTLE MARKETS, MORE MOVES LIKELY - REUTERS
In just the first month of this year, Indonesian policymakers have rattled global markets with restrictions on some of its biggest commodities expo ...
Wednesday, 02 February 22
CHINA'S TOP COAL PRODUCER FORECASTS 28 PCT PROFIT GROWTH IN 2021 - XINHUA
China Shenhua Energy Company Limited, one of the country’s biggest coal producers, said its net profits are expected to jump by 28 percent in ...
Wednesday, 02 February 22
COAL STORAGE IN CHINA’S POWER PLANTS NEAR RECORD HIGHS - XINHUA
Coal inflows into China’s power plants have picked up, bringing their coal storage to near record highs, the National Development and Reform ...
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- Anglo American - United Kingdom
- SN Aboitiz Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- Straits Asia Resources Limited - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Mintek Dendrill Indonesia
- Krishnapatnam Port Company Ltd. - India
- Wood Mackenzie - Singapore
- Xindia Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- TeaM Sual Corporation - Philippines
- IEA Clean Coal Centre - UK
- GAC Shipping (India) Pvt Ltd
- Wilmar Investment Holdings
- Chettinad Cement Corporation Ltd - India
- Romanian Commodities Exchange
- SMG Consultants - Indonesia
- South Luzon Thermal Energy Corporation
- Orica Australia Pty. Ltd.
- Medco Energi Mining Internasional
- Manunggal Multi Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- Indo Tambangraya Megah - Indonesia
- European Bulk Services B.V. - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- ICICI Bank Limited - India
- Latin American Coal - Colombia
- The State Trading Corporation of India Ltd
- McConnell Dowell - Australia
- Mercuria Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petron Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Asmin Koalindo Tuhup - Indonesia
- Global Business Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Energy Exchange, India
- Malabar Cements Ltd - India
- Orica Mining Services - Indonesia
- Videocon Industries ltd - India
- Makarim & Taira - Indonesia
- Parry Sugars Refinery, India
- Sical Logistics Limited - India
- Edison Trading Spa - Italy
- Sakthi Sugars Limited - India
- Meralco Power Generation, Philippines
- Global Coal Blending Company Limited - Australia
- Oldendorff Carriers - Singapore
- Metalloyd Limited - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- London Commodity Brokers - England
- Rashtriya Ispat Nigam Limited - India
- Antam Resourcindo - Indonesia
- Power Finance Corporation Ltd., India
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- Toyota Tsusho Corporation, Japan
- The Treasury - Australian Government
- Renaissance Capital - South Africa
- Iligan Light & Power Inc, Philippines
- Parliament of New Zealand
- Semirara Mining Corp, Philippines
- Energy Development Corp, Philippines
- PowerSource Philippines DevCo
- Australian Coal Association
- Riau Bara Harum - Indonesia
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
- Globalindo Alam Lestari - Indonesia
- VISA Power Limited - India
- Agrawal Coal Company - India
- Kapuas Tunggal Persada - Indonesia
- PTC India Limited - India
- Cigading International Bulk Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Essar Steel Hazira Ltd - India
- Siam City Cement - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Carbofer General Trading SA - India
- Intertek Mineral Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Georgia Ports Authority, United States
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
- Binh Thuan Hamico - Vietnam
- Uttam Galva Steels Limited - India
- Electricity Generating Authority of Thailand
- Posco Energy - South Korea
- Bhatia International Limited - India
- Aboitiz Power Corporation - Philippines
- New Zealand Coal & Carbon
- Indonesian Coal Mining Association
- Kepco SPC Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
- Borneo Indobara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- San Jose City I Power Corp, Philippines
- Grasim Industreis Ltd - India
- Coastal Gujarat Power Limited - India
- Commonwealth Bank - Australia
- Mercator Lines Limited - India
- International Coal Ventures Pvt Ltd - India
- Independent Power Producers Association of India
- Planning Commission, India
- Cement Manufacturers Association - India
- CIMB Investment Bank - Malaysia
- Banpu Public Company Limited - Thailand
- India Bulls Power Limited - India
- Kaltim Prima Coal - Indonesia
- SMC Global Power, Philippines
- Madhucon Powers Ltd - India
- Aditya Birla Group - India
- Sojitz Corporation - Japan
- Indian Oil Corporation Limited
- Jindal Steel & Power Ltd - India
- Maheswari Brothers Coal Limited - India
- Sarangani Energy Corporation, Philippines
- Central Java Power - Indonesia
- Tata Chemicals Ltd - India
- Interocean Group of Companies - India
- Star Paper Mills Limited - India
- Altura Mining Limited, Indonesia
- Africa Commodities Group - South Africa
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- Deloitte Consulting - India
- Eastern Coal Council - USA
- Energy Link Ltd, New Zealand
- Directorate Of Revenue Intelligence - India
- Ministry of Mines - Canada
- MS Steel International - UAE
- Ceylon Electricity Board - Sri Lanka
- Bulk Trading Sa - Switzerland
- Bhushan Steel Limited - India
- Chamber of Mines of South Africa
- Sinarmas Energy and Mining - Indonesia
- Attock Cement Pakistan Limited
- Singapore Mercantile Exchange
- Thiess Contractors Indonesia
- Heidelberg Cement - Germany
- Standard Chartered Bank - UAE
- Price Waterhouse Coopers - Russia
- GN Power Mariveles Coal Plant, Philippines
- Bangladesh Power Developement Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rio Tinto Coal - Australia
- Lanco Infratech Ltd - India
- Ministry of Finance - Indonesia
- Central Electricity Authority - India
- Savvy Resources Ltd - HongKong
- Goldman Sachs - Singapore
- Bharathi Cement Corporation - India
- Indika Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Marubeni Corporation - India
- Coal and Oil Company - UAE
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Sidhee Cement - India
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
- OPG Power Generation Pvt Ltd - India
- CNBM International Corporation - China
- Salva Resources Pvt Ltd - India
- Ambuja Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Kumho Petrochemical, South Korea
- Larsen & Toubro Limited - India
- Dalmia Cement Bharat India
- GMR Energy Limited - India
- GVK Power & Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- ASAPP Information Group - India
- Coalindo Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- LBH Netherlands Bv - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- AsiaOL BioFuels Corp., Philippines
- Vedanta Resources Plc - India
- White Energy Company Limited
- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Simpson Spence & Young - Indonesia
- Baramulti Group, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Authority, New Zealand
- Therma Luzon, Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Global Green Power PLC Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Billiton Holdings Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Indogreen Group - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Meenaskhi Energy Private Limited - India
- Bhoruka Overseas - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Ind-Barath Power Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Thai Mozambique Logistica
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