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 206.72 USD 175.72 USD 151.99 USD 114.35 USD 76.13
Monthly Price- FOB INR 15495 INR 13172 INR 11393 INR 8571 INR 5707
Monthly Change (USD) 30.72 35.64 23.33 15.85 8.71
Indicative Pet Coke Price PET COKE
Sulphur
Price
India-RIL(Ex-Ref.) Saudi Arabia (CIF)
-5% + 8.5%
INR 14522 INR 13343 ($178)
Monthly Change ($) INR 538.00 23.50
USA (CIF)
- 6.5%
INR 14505($194)
22.25
Exchange Rate
Change (Monthly)
INR 74.96
0.39
Indicative Coking Coal Price Current Month Monthly Change (USD)
Premium Low Vol FOB CFR China 444.68 395.40 35.43
6.18
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 397.58 356.38 304.63 318.97 317.03 598.25 509.25 34.80
4.22
South African Coal News: *One of the biggest announcements from last year’s COP26 climate talks was a pledge by some rich countries to provide $8.5 billion to help South Africa transition away from coal. Now different interests within the country are tussling over how that money should be distributed. Eskom Holdings SOC Ltd is proposing that a substantial portion be used to expand the grid in order to encourage more investment in renewable electricity. But it faces competition from the South African department of trade and industry, which is also seeking funds for two programs- boost electric-vehicle production and green hydrogen in a bid to position South Africa as a major producer as interest grows in its use in decarbonizing activities.
46 | CCAI Monthly Newsletter February 2022
34.81
41.53
41.66
22.75
-6.44
* South Africa’s Minerals and Energy Minister Gwede Mantashe rallied behind the nation’s coal producers, emphasizing that the fossil fuel will still be used for decades. Mantashe, a former coal miner and union leader, told the CEOs of mining companies that their product shouldn’t be abandoned “prematurely” and highlighted that the industry employs nearly 90,000 workers in a nation with record-high unemployment. The statement clashes with plans for the country, which relies on coal to produce more than 80% of its electricity, for transition to cleaner energy sources.
Australian Coal News: * Despite China clearing millions of tonnes of Australian coal stranded at its ports late last
