MONTHLY SUMMARY OF IMPORTED COAL & PETCOKE
Coal Price Index COAL
(kcal/kg)
Weekly Price - FOB
Weekly Price - FOB
Weekly Change (USD)
South Africa
6000 NAR
USD 54.76
INR 4104
-2.60
South Africa
5500 NAR
USD 38.49
INR 2884
-1.90
Australia
5500 NAR
USD 38.09
INR 2854
-2.36
Indonesia
5000 GAR
USD 36.69
INR 2749
-1.13
Indonesia
4200 GAR
USD 24.37
INR 1826
-1.06
USA
6000 NAR
USD 49.70
INR 3725
-0.22
Indicative Pet Coke Price PET COKE
Sulphur
Price
Weekly Change (INR)
India-RIL(Ex-Ref.)
-5%
INR 6750
1053.00
Saudi Arabia (CIF)
+ 8.5%
INR 5606 ($75)
9.80
USA (CIF)
- 6.5%
INR 5785 ($77)
10.20
Exchange Rate
Change (Weekly)
INR 74.94
-0.92
Indicative Coking Coal Price Premium Low Vol Current Week
Weekly Change (USD)
HCC 64 MID Vol
Semi Soft
CFR China FOB Aus
Low Vol PCI
Mid Tier PCI
FOB Aus
FOB Aus
CFR India
FOB N China
MET COKE 62% CSR
FOB
CFR China
FOB Aus
112.73
124.38
90.57
101.83
61.16
69.66
67.41
254.60
270.60
1.72
3.81
-0.18
1.26
1.50
0.06
0.31
-2.28
-1.52
South African Coal News: * South African coal suppliers are repositioning themselves to focus on domestic supply in the wake of the declining demand for seaborne thermal coal, owing to shifting global energy needs, which has been compounded by the Covid-19 outbreak. Following record prices in 2019, where coal traded at almost $100/t, the price of South African high calorific value coal dropped to a 14-year low in April this year because of the pandemic. Experts say some smaller miners have responded by reducing exports and increasing supplies to the local market.
28 | CCAI Monthly Newsletter July 2020
Australian Coal News:
* Australian thermal coal production cuts ahead. Higher costs and lower thermal coal prices are likely to see Australian thermal coal mining firms report a loss for January-June, with some expected to cut production guidance to try to conserve weakened balance sheets. Most Australian thermal coal mining firms saw profits slide in July-December last year with some, including BHP's New South Wales Energy Coal (NSWEC) division, slipping to a loss. Profitability has decreased further since January, with more firms expected to report loss-making operations.
