Monthly Summary Of Imported Coal &Petcoke

Indicative Imported Coal Price

COAL (kcal/kg) Monthly Price - FOB Monthly Price- FOB Monthly Change (USD) South Africa 6000 NAR USD 87.72 INR 6395 -2.66 South Africa 5500 NAR USD 60.48 INR 4409 -2.14

Australia 5500 NAR USD 56.03 INR 4085 -0.18

Indonesia 5000 GAR USD 66.68 INR 4861 -8.18

Indonesia 4200 GAR USD 39.73 INR 2897 -7.93

Indicative Pet Coke Price

PET COKE Sulphur Price Monthly Change Exchange Rate Change (Monthly) India-RIL(Ex-Ref.) -5% INR 10512 INR 1080.00

Saudi Arabia (CIF) + 8.5% INR 10869 ($117) 9.00 INR 72.90 -0.26

USA (CIF) - 6.5% INR 11311 ($122) 9.75

Indicative Coking Coal Price

Current Month

Monthly Change (USD)

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

FOB CFR China FOB Aus CFR China FOB Aus FOB Aus FOB Aus CFR India FOB N China

141.07 221.13 131.91 207.32 97.81 106.19 104.69 437.38 453.75

14.41 5.09 21.97 11.00 6.00 4.25 8.69 28.63 22.00

South African Coal News:

*South Africa's Richards Bay Coal Terminal (RBCT) could experience delays should the recent force majeure at rail lines serving the terminal continue, which would eventually increase the price of thermal coal. Sources said that given the low stockpiles currently at the terminal, as well as numerous logistical issues caused by the force majeure, a supply shortage could quickly develop. * South African thermal coal prices could rise on rail disruption. Sources said that given the low stockpiles currently at the terminal, as well as numerous logistical issues caused by the force majeure, a supply shortage could quickly develop. FOB Richards Bay export pricing, which had been relaxing from high levels recently, would likely come under upward pressure as a result.

* South African mining giant Anglo American plans to exit thermal coal production by 2024,

slightly later than previously planned, amid efforts to improve its green credentials. In 2021, Anglo American aims to produce 24m tonnes, of which 16m tonnes will be from South African and the remainder from Colombia.

Australian Coal News:

*Australian thermal coal exports dropped to a four-year low last year, largely because of a30pc slide in shipments to China after Beijing started restricting coal imports from Australia as trade tensions between the two countries increased last year. Australian coal exports in calendar 2020 were down by 6pc from 2019.

* Despite the push towards renewable energy, Australian thermal coal will thrive for decades to come, experts say. The lion’s share of Australia’s coal is exported, mainly to Asia. Each year about $26bn worth of thermal coal for electricity generation and $43bn worth of metallurgical coal for steelmaking is exported. Trend is expected to continue as developing Asian nations will keep depending on high quality Australian coal.

* Despite the tag of war with China, coal boom in Australia stokes $2bn budget boost. Australian thermal coal exports have held up in defiance of China’s import restrictions, with surging global prices set to deliver an additional $6bn in annual export earnings.

Indonesian Coal News:

* Indonesia's Ministry of Energy and Mineral Resources set its February thermal coal reference price (HBA) -- at $87.79/mt in Februery’21, up by 16% on m-o-m and up 33% on year. Strong Chinese demand and higher gas prices led to a boost in thermal coal prices in January as buyers scrambled to stock up before * The Indonesian government has stated that it will now push to rehabilitate abandoned mining pits following claims that deforestation for coal mines exacerbated recently deadly flooding in southern Borneo. But the damage from decades of industrial expansion across the once-forested landscape of South Kalimantan province is already too expensive for a return to nature, activists say.

* Indonesia is removing royalty payments for coal used in its downstream sector in a bid to boost its coal processing industries, a government regulation reviewed by Reuters showed. The world's top exporter of thermal coal aims to develop its coal processing industry to replace energy imports such as refining coal to gas to reduce its liquefied petroleum gas imports, while optimising the use of its domestic coal.

US Coal News:

*Coal production at the top 25 mines in the Central Appalachian basin of the U.S. held steady during the fourth quarter of 2020 while output slumped for the full year. The region produced 6.28 million tons of coal during the last three months of 2020, an 8% increase from 5.8 million tons in the preceding quarter. The basin yielded 24 million tons of coal over all of 2020, a 14.3% drop from 28.1 million tons of coal mined during 2019.*US coal carload originations fell to a seven-week low of 54,496 in the week ended Feb. 13, down 9.3% from a week earlier, according to a Feb. 17 report. The latest week was also down 13.6% from the year-ago week and 31.6% lower than the five-year average. It was also the lowest total for the corresponding week in over 11 years.

* U.S. coal shipments to some of the country’s

top importers increased significantly in the fourth quarter of 2020, with China recording a triple-digit uptick amid its escalating trade dispute with Australia. Total U.S. coal exports during the three-month period fell 7.3% year over year to 17.4 million tonnes from 18.8 Mt, according to analysis by expert agencies. Compared to the previous quarter, the U.S. shipped 25.1% more of the commodity from October through December 2020.

Pet Coke News:

* The price of US Gulf Coast pet coke is expected to move higher following increased demand from Brizilian and Indian cement makers. Brazilian cement producers, who normally buy domestic petcoke, are reportedly looking to the US gulf for petcoke after prices for the domestic material jumped, while their Indian counterparts are monitoring the market after South African coal prices have begun rising.

*Cement manufacturers and traders in India say the elevated price of seabourne fuel grade petcoke has caused the import petcoke deals in the country to be largely muted in 2021. Amid higher freight rates, cement companies preferred to buy cheaper Australian thermal coal, or Indian domestic petcoke.

* The price of Indian delivered petroleum coke edged up this week partially due to supply crunch from the US market and higher freight rate in February. Indian cement producers have also ramped up production by overcoming as there is a flurry of construction activities in the country by overcoming the slump during COVID period. Demand from cement plants for petcoke and thermal coal in India was good due to the expansion plan of the cement plants.

Shipping Update:

* With global supply chains buckling under huge order volumes and a confluence of disruptive forces, shippers should prepare for 2021 to be a perpetual peak season across all transport modes, logistics experts warn. Competition for freight space is set to be fierce as companies will need to pay exorbitant premiums to get on vessels and apply more flexible shipping methods to avoid delays.

* India’s Shipbuilding Industry Development Policy-2020 recently approved by the government, though belated, is no doubt a welldirected move not only to acknowledge the potential of this unexplored area but also to give it the focus it deserves as a potential growth driver of the economy, government officials say. The aforementioned policy aims at earning $4.0 billion annually from ship exports by the year 2025.

*India’s top-12 ports witnessed a considerable decline in cargo traffic for the tenth straight month in January to 542.13 million tonnes (MT), according to ports’ apex body IPA. Cargo traffic at 12 major ports that are under the control of the Centre, has dropped by 7.44% to 542.13 (MT) during April-January this fiscal, compared with 585.73 MT in the year-ago period.

* Prime Minister Narendra Modi said the Government of India’s commitment to portled development can be seen through the Sagarmala scheme. He also said Tamil Nadu is making a major contribution to India’s industrial growth while launching various projects related to V. O. Chidambaranar (VOC) at Tuticorin.