Monthly Summary Of Imported Coal &Petcoke

MONTHLY SUMMARY OF IMPORTED COAL & PETCOKE Coal Price Index

COAL (kcal/kg)

South Africa 6000 NAR

South Africa 5500 NAR Australia 5500 NAR Indonesia 5000 GAR Indonesia 4200 GAR USA 6000 NAR Monthly Price - FOB

USD55.30

USD 41.82 USD 36.57 USD 36.68 USD 23.31 USD 49.70 Monthly Price- FOB Monthly Change (USD)

INR 4121

INR 3115 INR 2725 INR 2749 INR 1737 INR 3725 0.54

3.33 -1.52 -0.01 -1.06 -0.22

Indicative Pet Coke Price

PET COKE Sulphur Price

India-RIL(Ex-Ref.) Saudi Arabia (CIF) USA (CIF)

-5% INR 7268 + 8.5% INR 5829 ($78) - 6.5% INR 6127 ($82)

Monthly Change (INR) 1053.00 223 342 Exchange Rate Change (Monthly)

INR 74.51 0.43

Indicative Coking Coal Price

Premium Low Vol HCC 64 MID Vol Semi Soft Low Vol PCI Mid Tier PCI MET COKE 62% CSR

Current Month

Monthly Change (USD) FOB CFR China FOB Aus CFR China FOB Aus FOB Aus FOB Aus CFR India

106.94 118.15 86.10 98.88 61.47 66.44 64.44 254.60 255.75 FOB N China

270.60 272.12

-5.79 -6.23 -4.47 -2.95 0.31 -3.22 -2.97 1.15 1.52

South African Coal News:

* South Africa’s thermal coal exports in the first half of 2020 fell 9% amid a sharp downturn in demand from the country’s main customer, India, customs data showed. Seaborne shipments by the world’s fourth-largest thermal coal exporter totalled 34.9m tonnes, with June loadings down 6.5% on the year at 6.2m tonnes. India remained the largest customer, accounting for 40% of the first-half export total, but shipments were still down sharply, by 36% to 14.1m tonnes.

Australian Coal News:

*Australia's thermal coal exports during January-June were slightly ahead of the same period in 2019, although the outlook for the second half is for lower sales as mining firms react to loss-making weaker prices. Australia exported 17.67mn t of thermal coal in June, up from a revised 15.95mn t in May but down from 18.07mn t in June 2019, according to data from the Australian Bureau of Statistics (ABS).

* Whitehaven, one of Australia's largest coal miners, has seen its profits nearly wiped out as coal prices collapse around the world. Following a record-breaking result a year earlier, Whitehaven's earnings have crashed 95 per cent from $564.9 million to $30 million in the year to June 30.

Indonesian Coal News:

*An imbalance between Indonesian coal output and sales during January-July has raised the prospect of a supply glut, which could put even more pressure on coal prices that are already hovering near all-time lows. Indonesia produced 324.4mn t of coal at an average rate of 46.3mn t/month during January-July, according to energy ministry figures. This was slightly ahead of the necessary 45.8mnt/month pace needed to achieve the government's 550mn t annual target. *Indonesia's government is targeting coal output of 609 million tonnes in 2021, up from this year's output target of 550 million tonnes, a senior energy ministry official told parliament. Next year, the government is also targeting 441 million tonnes of coal exports.

US Coal News:

*US coking coal prices tracked downwards in August, weighed down by the absence of spot demand in Europe and continued weakness in Asia-Pacific. Recent assessment for low-volatile coking coal edged down by 50¢/t to $102.50/t, as limited interest has pushed down market indications. The high-volatile assessment fell by $1.50/t to $106.50/t, retaining a substantial spread with high-volatile B, which is stable today at $89/t after a significant drop at the end of last week. *US coal stocks have raised to three-year highs amid unexpectedly weak domestic and export demand, the country’s Energy Information Administration (EIA) said. “After reaching their lowest level in more than a decade in March 2019, US coal stockpiles steadily increased to 152m tons (137m metric tonnes) in April 2020,” it said in a note.

Russian Coal News:

*Russian coal exports in August jumped 5% on the year to a multi-year high amid some increased demand and efforts to shift surplus stocks. Last month’s total of 0.577m tonnes/ day – for all coal types – was 2.7% higher than in July 2020.

Pet Coke News:

*Firmness in global petroleum coke prices has bolstered industrial demand for seaborne coal in Asia Pacific, and the trend could expand to other regions should coal continue to hold competitiveness. The two fuels typically compete for industrial users, mainly cement makers, but also in other sectors such as iron and steel. * Pet coke trade remained thin in India in August 2020, as the buyers preferred high CV thermal coal as an alternative. A relatively high bid ask spread coupled with rising ocean freight rate impacted the seabourne petcoke market.

Shipping Update:

* Systemic declines for coal plus a sluggish energy market contributed to an almost 18% decline in U.S. carloads in July, according to the Association of American Railroads (AAR). U.S. carload volumes in July totalled 1.04 million, down 17.6% from July 2019, while intermodal volumes slipped 1.4% to nearly 1.3 million containers and trailers. Total U.S. traffic was 2.34 million carloads and intermodal units, a 9.3% drop from July 2019.