Monthly Summary Of Imported Coal &Petcoke

MONTHLY SUMMARY OF IMPORTED COAL & PETCOKE Coal Price Index

COAL (kcal/kg) Monthly Price - FOB Monthly Price - FOB Monthly Change (USD)

South Africa 6000 NAR USD 83.90 INR 6018 -1.08

South Africa 5500 NAR USD 63.50 INR 4555 -1.16

Australia 5500 NAR USD 58.51 INR 4196 2.99

Indonesia 5000 GAR USD 52.03 INR 3732 1.79

Indonesia 4200 GAR USD 36.06 INR 2586 1.13

USA 6900 NAR USD 54.26 INR 3892 1.45

PET COKE Sulphur Price Exchange Rate Change (Monthly)

India-RIL(Ex-Ref.)

Saudi Arabia (CIF)

USA (CIF)

-5% INR 6572

+ 8.5% INR 5075 ($70.75)

- 6.5% INR 5245 ($73.13) USD/INR 71.73 0.34

Coking Coal Price:

Premium Low Vol HCC 64 MID Vol Semi Soft Low 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

155.85 166.41 141.20 151.66 83.82 95.73 92.48 275.63 284.38

South Africa: * The Minerals Council South Africa said coal would remain a central part of the country’s energy generation for the foreseeable future, alongside the transition towards more renewable and cleaner sources of power. Council president Roger Baxter said coal remained a necessity as the base load source of power, even with the expansion of renewables. Council of Geosciences CEO, said there were more than 200 billion tons of coal in South Africa and that coal should be developed in a responsible manner.

announcement to exit the SA coal market, All of the major coal giants have now left, or are leaving the country. Just two domestic miners, which are under pressure to cut their funding for coal projects, now stand to dominate coal supply. IEEFA reported that only 30% of South Africa’s thermal coal was exported last year.

Australian Coal News: *Black coal-fired generation in Australian decreased by 1,061 MW on average compared to Q4 2018, reaching its lowest quarterly level since Q4 2016. The decline was due to a combination of coal supply issues (notably at Mt Piper which fell an average 552 MW), unit

*Australia is about to get its first coal-tohydrogen plant. In one of coal’s traditional heartlands, Victoria’s Latrobe Valley, a plant that will produce hydrogen directly from the brown coal in the region is being assembled. Energy technology firm CO2CRC and Melbourne construction firm GLP Group built and delivered the plant to AGL’s Loy Yang facility over the summer.

Indonesian Coal News:

* Indonesia's Ministry of Energy and Mineral Resources set its February thermal coal reference price -- also known as Harga Batubara Acuan, or HBA -- at $66.89/mt, up 1.5% from January and down 27% year on year.

* Indonesia coal exports are being disrupted because the government has not issued technical guidance on the implementation of new shipping rules, an industry group said. Most coal sales from Indonesia are under freeon-board contracts, so overseas buyers are still waiting for the trade ministry to issue technical guidance for Shipping requirement which will be implemented from May-2020.

US Coal News: * US coal production is forecast to be about 596 million st in 2020, down 13.7% from the estimated 2019 output of 690 million st, data from the Energy Information Administration’s Short-Term Energy Outlook showed. The EIA projects output of about 587 million st for 2021, the lowest level since the early 1970s.

* U.S. coal mining employment hit a new low in the fourth quarter of 2019 as export demand withered away, leaving miners to return to a domestic market locked in an ongoing secular decline. The total U.S. average coal mining employment figures fell 4.2% quarter over quarter to 50,361 in the most recent period.

Pet Coke News: * Trading activity in the seaborne petcoke market were few and far between this week albeit small pockets of Indian cement demand lent support to import prices, market sources said. The Supramax freight rate from US Gulf Coast to east coast India was assessed at $37.50/mt, down $1.25/mt on the week and steady on the day, according to S&P Global Platts data. A west India-based trader estimated the Supramax freight rate on the above route to be $37/mt east coast India and $35/mt west coast India basis.

Shipping Update: * India’s 12 major government-owned ports handled around 74.60 million mt of thermal coal during the first 10 months (April-January) of fiscal 2019-2020, down 15% from the same period a year ago, according to data released Wednesday by the Indian Ports Association. Coking coal shipments, however, inched up 1% to 47.08 million mt compared with the same period last year, the data showed. Paradip port on the east coast handled the highest volume of thermal coal shipments over April 2019-January 2020 at 21.88 million mt, down 18% from the corresponding period last year.

* The Baltic Exchange’s main sea freight index rose for a fifth straight session, ending higher for a second straight week, as vessel rates rose despite concerns over the impact of corona virus on global growth. The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, rose 17 points, or 3.5%, to 497. The index posted gains for a second straight week. The capesize index, which tracks vessels that typically transport 170,000 to 180,000 tonne cargoes including iron ore and coal, rose 6 points but still remained at -226.