MONTHLY SUMMARY OF IMPORTED COAL & PETCOKE Indicative Imported Coal Price COAL South Africa South Africa Australia Indonesia Indonesia
(kcal/kg) 6000 NAR 5500 NAR 5500 NAR 5000 GAR 4200 GAR
Monthly Price - FOB USD 137.81 USD 110.75 USD 95.92 USD 102.97 USD 73.45
Monthly Price- FOB INR 10217 INR 8210 INR 7111 INR 7634 INR 5445
Monthly Change (USD) 15.46 12.41 8.79 10.09 6.46
Indicative Pet Coke Price PET COKE
Sulphur
Price
India-RIL(Ex-Ref.) Saudi Arabia (CIF)
-5% + 8.5%
INR 13914 INR 11751 ($159)
Monthly Change ($) INR 1131.00 16.50
USA (CIF)
- 6.5%
INR 12678 ($171)
7.00
Exchange Rate
Change (Monthly)
INR 74.14
-0.46
Indicative Coking Coal Price Current Month Monthly Change (USD)
Premium Low Vol FOB CFR China 226.34 366.00 18.79
54.50
HCC 64 MID Vol Semi Soft Low Vol PCI Mid Tier PCI MET COKE 62% CSR FOB Aus CFR China FOB Aus FOB Aus FOB Aus CFR India FOB N China 198.69 327.38 161.75 166.56 165.19 421.75 491.25 19.19
55.15
South African Coal News: *Mineral Resources and Energy Minister Gwede Mantashe has noted that coal is still an important part of South Africa’s energy mix. Mantashe said coal is currently one of the best-performing commodities in South African mining, and rail and ports are its obstacles. Therefore the country is not going to be in the process of aborting the coal economy, because it is not desired in the future. *Eskom is not definitively turning its back on fossil fuels. But the South African state-owned company intends to close several of its coalfired power stations operating in the country. The objective for the current decade is to reduce its coal-fired power generation capacity from 8000 to 12000 MW. This represents 30% of its current installed capacity. The company
34 | CCAI Monthly Newsletter August 2021
18.47
16.76
16.44
26.25
48.45
has an installed capacity of 42,000 MW. * The prospects for South African coal production remain strong for the coming decades. Strong international coal prices of around US$130/t have raised the sellers' expectations over exports, with most of South Africa’s export coal going to Pakistan in recent months while China is also opening up opportunities for imports from South Africa following its trade wrangling with Australia back in 2020. *South Africa, which is reliant on coal for nearly 80% of its power generation, is turning towards gas based power in order to cut its emission norms. Plants in the country are to use natural gas to produce at least a quarter of almost 12,000MW of additional power by 2030 while recent efforts to develop new coal projects in South Africa have been thwarted by court challenges or a lack of financing.
