Monthly Summary Of Imported Coal & Petcoke

Indicative Imported Coal Price

COAL (kcal/kg) Weekly Price - FOB Weekly Price - FOB Weekly Price (USD) South Africa 6000 NAR USD 324,00 INR 25852 -4.00 South Africa 5500 NAR USD 242.46 INR 19346 -13.63

Australia 5500 NAR USD 196.71 INR 15695 -0.65

Indonesia 5000 GAR USD 106.11 INR 8466 -21.80

Indonesia 4200 GAR USD 75.00 INR 5984 -8.27

Indicative Pet Coke Price

PET COKE Sulphur Price Weekly Change ($) Exchange Rate Change (Weekly) India-RIL(Ex-Ref.) -5% INR 18716 Saudi Arabia (CIF) + 8.5% INR 14223 ($178.00) (INR) INR 79.79 0.35

USA (CIF) - 6.5% INR 13724 ($172.00)

Indicative Coking Coal Price

Current Week

Weekly Change (USD)

Premium Low Vol Low Vol HCC Semi SoftLow Vol PCI Mid Tier PCI MET COKE 62% CSR FOB Aus CFR China FOB Aus CFR China FOB Aus FOB Aus FOB Aus CFR India FOB N China 239.88 288.69 175.25 251.69 191.13 238.00 236.00 421.00 413.38

4.75 -63.19 -28.38 -60.19 11.25 14.38 14.38 -69.25 -40.63

Indonesian Coal News:

*Indonesian thermal coal is treading contrasting price paths with its Australian counterpart, analysts say. Indonesia is the world's largest exporter of thermal coal and the discount between its benchmark price and that for Australian Newcastle coal has widened to almost 82%. Singapore-traded contracts for Indonesian thermal coal with GCV 4200 kcal/kg ended at $75.47 a tonne this week while Newcastle coal with GCV 6000 kcal/kg ended at $412.60 a tonne. It shows that unlike Australia, Indonesian coal has not seen much change in valuation at all, despite a scramble for coal from major Asian buyers such as India, Japan and China, as well as Europe.

*Indonesia's coal mining grew 4.25percent as foreign demand rose amid Europe’s decision to ban Russian imports of the combustible black rock. In April, the European Commission agreed to impose a full ban on all forms of Russian coal following its invasion of Ukraine. Theban will take effect on August 10, adding the prospect of even higher demands. BPS announced that Indonesia's mining sector rose 4.01 percent in April-June 2022.This is slightly higher than the 3.82 percent growth rate in the first quarter of this year.

Australian Coal News:

*Australia's renewable energy ambitions are dwarfed by coal and LNG juggernaut, experts say. Exports of metallurgical coal in Australia were valued at A$ 58 billion in 2021-22 and the government expects they will decline to A$41 billion by 2023-24 as the global price softens. Thermal coal exports were valued at A$39 billion in 2021-22, and are forecast to decline to A$31 billion by 2023-24.The combined export value of both grades of coal may be around A$72

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billion in 2023-24. But still the idea that Australia can compensate ending the export of coal and liquefied natural gas (LNG) by boosting output of energy transitions seems presently unrealistic.

*Australian producers of hard coking coal and pulverised coal injection (PCI) grades are joining semisoft coking coal mining firms in switching to thermal coal output, taking advantage of the extraordinary price premium for the power generation fuel. Hard coking and PCI coal prices FOB Australia from the start of June slipped below that of high-grade thermal coal FOB Newcastle. This extremely unusual met coal discount to thermal has continued to widen on weaker demand for met coal and scarcity of nonRussian thermal coal, with thermal coal now priced at around double that of premium hard coking coal.

South African Coal News:

*Europe is competing with Asia for South African coal, as per miners from that country. South Africa’s coal imports to Europe jump five-fold since the Russian Ukraine conflict. Netherlands, Germany, Poland, Denmark, France, Italy and Ukraine are among European countries importing growing quantities of coal from South Africa. In the first five months of this year, European countries imported more than 3 million tonnes of coal from South Africa. This is over 40% more than the total volume in 2021. The figures from South Africa’s Richards Bay Coal Terminal (RBCT) showed it delivered 3,240,752 tonnes of coal to European countries by end-May this year, 15% of RBCT’s overall exports, up from 2,321,190 (4%) in 2021.

*South Africa will require $250bn by 2050 to finance its energy transition, including $125bn to replace coal energy with wind and solar, with the rest needed for storage, transmission and support for impacted communities. The Just Energy Transition Partnership (JETP) – a new deal between South Africa and G7 countries the US, UK, France, Germany and the EU, will help the country towards green energy transition from coal-fired energy production, by mobilising $8.5bn, including from private sector sources.

European Coal News:

*Coal inventories at northwest European ports have risen 2% on the week to their highest since October 2019 amid continued restrictions to inland barge shipping and an influx of seaborne arrivals, data showed this week. Combined inventories at four key Amsterdam, Rotterdam and Antwerp (ARA) terminals were assessed this week at 7.17m tonnes, up 0.13m tonnes on the week. Despite buoyant German coalfired plant demand – as generation margins remain attractive for utilities – barge operators have had to reduce the volume of coal carried along the waterways as hot weather depleted river levels, thereby resulting in swelling port stocks.

*European Union has clarified that it has prohibited the nations under its umbrella to purchase, import, or transfer, directly or indirectly, coal and other solid fossil fuels from Russia as its proposed sanctions against the country come into effect. Also, involvement of an EU entity in the carriage of Russian coal to any destination whatsoever and whether inside or outside the EU would be in breach of EU sanctions. It has also noted that any entity subject to the jurisdiction of the EU is not allowed to provide insurance and reinsurance for the carriage of Russian coal and other solid fossil fuel cargoes regardless of their destination.

US Coal News:

*U.S. coal exports rose in the second quarter as demand and prices remained elevated amid a global energy crisis. Shipment volumes increased 14.8% quarter over quarter to 21.6 million tonnes and climbed 4.6% year over year. Asia and Europe received the most coal shipments from the five largest ports in the U.S.: Norfolk, Vancouver; Baltimore; New Orleans; Mobile, Alberta and Seattle. Other destinations for U.S. coal exports included South America and Africa. All coal shipped through Seattle during the second quarter went to Asia. Seven of the top 10 U.S. ports for coal exports recorded higher shipments year over year, while coal exports from eight ports grew from the previous quarter.