Monthly Summary Of Imported Coal & Petcoke

Indicative Imported Coal Price

COAL (kcal/kg) Monthly Price - FOB Monthly Price- FOB Monthly Change (USD) South Africa 6000 NAR USD 244.78 INR 18681 -71.22 South Africa 5500 NAR USD 203.54 INR 15534 -78.90

Australia 5500 NAR USD 160.06 INR 12215 -76.24

Indonesia 5000 GAR USD 115.33 INR 8801 -43.46

Indonesia 4200 GAR USD 72.95 INR 5567 -37.74

Indicative Pet Coke Price

PET COKE Sulphur Price Monthly Change ($) India-RIL(Ex-Ref.) -5% INR 21816 INR 3760.40 Saudi Arabia (CIF) + 8.5% INR 18737 ($245.50) 1.10

USA (CIF) - 6.5% INR 19271 ($252.50) -12.90 Exchange Rate Change (Monthly)

INR 76.32 0.03

Indicative Coking Coal Price

Current Month

Monthly Change (USD) Premium Low Vol HCC 64 MID Vol Semi SoftLow Vol PCI Mid Tier PCI MET COKE 62% CSR

FOB CFR China FOB Aus CFR China FOB Aus FOB Aus FOB Aus CFR India FOB N China 481.50 510.63 445.00 476.63 377.31 433.88 431.88 669.63 662.13

-103.10 73.93 -107.10 71.43 -82.59 -111.63 -111.63 -14.58 23.23

South African Coal News:

* Thungela Resources Ltd, South Africa’s largest exporter of coal burned in power stations, extended its share-price rally after a report that the European Union is working to end imports of the fuel from Russia. The EU plans to propose a mandatory phaseout of Russian coal supplies in response to reports that Russian forces committed apparent war crimes in Ukraine. Thungela could benefit as nations scramble to arrange alternative sources of thermal coal. Shortcomings in South Africa’s rail network may hobble the Minerals Council South Africa. Last year, more than $2 billion in potential coal, iron ore and chrome exports were lost because contracted volumes couldn’t reach ports, according to the Minerals Council South Africa.

* South Africa is turning to coal-powered plants to meet growing energy demands despite the environmental impact. The continent’s growing energy needs has led some governments to turn to coal-powered plants. Critics have opined that is not a smart move in times of climate change and point to the continent’s renewable energy resources.

* Mining giant Anglo American Plc will separate its South African coal mines into a new business this year, as the company accelerates its response to investor pressure over the most-polluting fuel. Anglo has been plotting an exit from thermal coal for more than a year and has always said separating its South African business was the most likely outcome.

Australian Coal News:

* Australia's Coronado Global Resources Inc has flagged heightened requests for metallurgical coal from existing and new European customers ahead of a European Union (EU) ban on Russian coal imports. Coronado said it expects met coal demand to remain

positive in 2022, though improved supply from Australia and Mongolia should balance the market. Fellow Australian producers Whitehaven Coal and New Hope Corp had said earlier that they were also approached by prospective customers but that their priority was to serve existing customers.

* Australian coal producers' earnings are on the way up as emerging markets decide to live with the virus and begin to demand more energy, one of many factors sending coal prices higher. The Port of Newcastle in Australia, responsible for exporting a large section of their dry fuel exports, is expected to get busier now that Russia's invasion of Ukraine is adding to the upward pressure on coal prices.

* Australian coal producers' earnings are on the way up as emerging markets decide to live with the virus and begin to demand more energy, one of many factors sending coal prices higher. The Port of Newcastle in Australia, responsible for exporting a large section of their dry fuel exports, is expected to get busier now that Russia's invasion of Ukraine is adding to the upward pressure on coal prices.

* Australia’s coal export boom will come to an abrupt end because of an “imminent and substantial” drop in purchases by China, and local coal mining communities should brace for the change, experts say. China’s thermal coal imports will contract at least a quarter from 2019 levels of 210m tonnes by 2025, mostly as improved transport links will give local suppliers an edge. If China pursues more ambitious efforts to cut carbon emissions, the decline of Aussie coal will be almost twice as fast, with imports sinking to 115m tonnes by 2025. Shipments of coking coal used in steelmaking face a similar downward trajectory.

Indonesian Coal News:

* Indonesia's largest coal producer Bumi Resources and US chemical company Air Products and Chemicals will start developing a new Indonesian coal gasification facility by May. This will be the second coal gasification facility being developed in Indonesia, the first being a joint venture project between Air Products, state-owned coal producer Bukit Asam and oil firm Pertamina. The $2bn project is expected to consume at least 6mn t/yr of coal to produce 1.8mn t/yr of methanol once operational, Bumi said. The facility is targeted for completion by late 2025 or early 2026. * Indonesian coal mining company Bayan Resources has challenged the government’s decision to revoke its permits and effectively shrink its concession area. The legal challenge is the latest in an ongoing battle over mining concessions in Indonesian Borneo between Bayan and another mining company, PT Senyiur Sukses Pratama (SSP). Earlier this month, five Bayan subsidiaries filed a lawsuit at the state administrative court in Jakarta against the head of the national investment agency, Bahlil Lahadalia, for revoking their mining permits. The announcement was made in a filing to the stock exchange regulator.

* Indonesia aims to produce about 663 million tons of coal this year with around 166 million tons for the domestic market and about 497 million tons for exports. The number of Indonesia's thermal coal shipments overseas is rising following Europe's ban on Russian coal amid the ongoing conflict in Ukraine. Indonesia’s exports climbed 44.36% yy at $26.5B last month. Last week, Indonesian President Joko Widodo signed new government regulation on coal tariffs, increasing the country's royalty rate for miners from a single tariff of 13.5 percent to a range of 14 to 28 percent, depending on the country's benchmark coal prices.

* Indonesia’s HBA benchmark coal price that saw a correction of 4% last month, has recovered by 2.6% in April’21 on m-o-m basis amid improved demand from China. Coal trade between China and Indonesia has increased manifolds in recent months on the back of the country’s decision to ban coal import from Australia.

US Coal News:

* The US energy market may be up for another wave of coal to gas switching this year as potential replacement for fuel demand from Western Europe is driving the global coal price upwards. Weekly US coal demand has dropped by 65% this week coming down below 10 million ST for the first time since January this year.

* U.S. utilities and startup firms are trying to convince lawmakers, regulators and customers that they can convert aging coal power plants to house small nuclear reactors. The burgeoning idea would place fleets of small modular nuclear reactors at or near the former coal fired power plants.

lawmakers, regulators and customers that they can convert aging coal power plants to house small nuclear reactors. The burgeoning idea would place fleets of small modular nuclear reactors at or near the former coal fired power plants.

* Indian demand for US mid-volatile matter and premium hard coking coal imports grew in 2020 as strong steel and met coke fundamentals support India consumption rising to a new high in 2021 and 2022. India's US mid-vol imports have been higher than 2020 levels so far this year, with 236,165 mt in January and 282,423 mt imported in February, it said. In January, India imported 76,143 mt of US high-vol HCC.

Pet Coke News:

* India's imports of petcoke are expected to more than double this year, industry officials say, as competitive prices are driving cement makers to switch to the fuel as an alternative to coal. Traders say they are expecting 10 million tonnes of petcoke to come into India in 2022. Imported petcoke accounted for nearly half the total consumption during the quarter, with Saudi Arabia and the United States accounting for the bulk of shipments, data from trading firm Iman Resources showed.

* Significantly reduced prices of Russian coal as a result of the sanctions imposed on the country has affected the US petcoke market in recent weeks as certain traditional buyers of petcoke are now opting for Russian cargoes as they are getting high discounts. Consequently, demand for US Gulf Coast petcoke has fallen though supply is available. Meanwhile, supply of petcoke in the Mediterranean region has remained short this week due to tighter tonnage. The US Gulf Coast has faced some impediments in supplying petcoke to this region due to higher freight rates.

* High prices, limited supply and instable freight rates have caused the US petcoke market to be subdued. Spot activities in US gulf market has also been limited while activities in West coast has been limited due to high freight rates but the price of petcoke has remained flat since last few weeks..

Shipping Update:

* Both dry and liquid bulk shipping markets will be reshaped this year on the back of supply chain friction and the war in Ukraine, while supply chain problems are expected to “drag on through” 2022. Analysts at ING expect trade growth of between 1% and 2%, but with notable differences in dominant good flows. The general trade outlook has deteriorated because of the war, but there are also mitigating effects as commodity flows are being redirected and routes are reshaped which is expected to turn into more tonne-miles. * The pace with which the EU has been importing LNG by sea is tremendous so far this year, as a result of the situation in Ukraine. In a recent report, shipbroker Banchero Costa said that “in 2021, the European Union (27) was the third largest seaborne importer of LNG in the world, with a 15.8% share. It followed Mainland China with 20.2% and Japan with a 19.7% share. LNG imports into Europe seriously jumped in 2019, with the start of a number of projects." * India’s coal imports are starting to reflect shifting world trade and pricing dynamics in the wake of Russia’s invasion of neighbouring Ukraine. India, the world’s second-biggest coal importer behind China, has long been viewed as a price-sensitive buyer of coal. India hasn’t been a major buyer of Russian coal, but it will still be affected by the loss of Russian cargoes as other importers seek to replace Russian volumes with supplies from exporters such as Australia, Indonesia and South Africa. These three exporters are India’s major suppliers and are likely to see increasing demand for cargoes in coming months. * Freight traffic handled by 12 major ports in the country contracted 4.6 percent year on year to 672.61 million tonne in FY 2020-21 due to disruptions caused by the COVID-19 pandemic mainly in the first half of the year, data released on April 5 by the Indian Ports Association showed. Ports’ freight traffic showed a yearon-year increase for the fifth consecutive month in March. Ports’ freight traffic boomed in March, rising 16.4 percent on year, the largest in at least a year