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 328.00 INR 26056 -0.40 South Africa 5500 NAR USD 256.09 INR 20344 -5.14

Australia 5500 NAR USD 197.35 INR 15678 6.59

Indonesia 5000 GAR USD 127.91 INR 10161 -8.74

Indonesia 4200 GAR USD 83.27 INR 6615 -2.53

Indicative Pet Coke Price

PET COKE Sulphur Price

Weekly Change ($) India-RIL(Ex-Ref.) -5% INR 20144 (INR) -1863 Saudi Arabia (CIF) + 8.5% INR 16365 ($206.00) -20

USA (CIF) - 6.5% INR 16802 ($212.00) -31 Exchange Rate Change (Weekly)

INR 79.44 1.41

Indicative Coking Coal Price

Current Week

Weekly Change (USD)

Premium Low Vol Low Vol HCC 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 235.13 351.88 203.63 311.88 179.88 223.63 221.63 490.25 454.00

-138.48 -65.23 -134.88 -64.43 -120.78 -134.78 -134.78 -86.75 -83.20

Indonesian Coal News:

*Global seaborne thermal coal supply could grow by more than 2% in July as a sharp rise in Indonesian loadings offsets lower Australian and Russian volumes. Indonesia, the world’s largest thermal coal exporter, would likely ship 30% more coal in the year, amounting to 43.1mn tonnes, the data showed. Indonesia is an important source of coal for Asian giants such as India and China while Japan, which has poor resources, is also depending firmly on Indonesian high and mid-CV thermal coal. *The Indonesia Coal Mining Association, or ICMA, has proposed to the government in the line of decreasing the influence of Australian coal prices in the calculation of Indonesia's HBA Index, a move they believe will reflect the country's coal prices more accurately. The HBA price for thermal coal is the basis for determining prices of 77 Indonesian coal products and calculating the amount of royalty producers must pay for each metric ton of coal sold. Coal producers in the country have welcomed the idea to review the HBA formulation as Australian prices do not represent Indonesia anymore and the weightage should be reduced.

*China is planning to lift its informal ban on Australian thermal coal as Chinese Ministers believe that bilateral trade between both countries have huge potential. These restrictions on Australian goods are unnecessary and they should all be lifted. The removal of all sanctions imposed on Australia is in the best interest of both China and Australia, Australian Prime Minister Anthony Albanese has said. In October 2020, China was the first to stop allowing Australian coal imports. The trade was valued at US$382 million in September of that year, but had dropped to zero by early 2021 when several shipping vessels were abandoned off the coast of China.

*Australia's mining and energy export revenues are forecast to climb 3% to a record A$419 billion ($286 billion) in the year to June 2023, buoyed by surging coal and gas prices in the wake of Russia's invasion of Ukraine. This financial year Australia’s coal exports are tipped to hit $100 billion for the first time. Coal may even overtake iron ore exports to make coal Australia’s biggest export again. Current sanctions on Russia by the EU have sent prices for liquefied natural gas (LNG) and coal to all-time highs, underpinning record revenue for Australia's second and third largest exports.

South African Coal News:

*South Africa, who ranks first in coal resources in Africa, has found a solid new destination for its dry fuel this year amid the geopolitical conflicts in Europe. In the first five months of this year, European countries imported more than 3.24 million tons of coal from South Africa, 40 percent more than in all of 2021. However, the country is facing challenges in coal transportation amid surging demand from Europe. At present, the country’s relatively limited rail and road capacity makes it difficult to quickly transport large amounts of coal from mines to ports.

* Mining shares with thermal coal assets in South Africa such as Thungela, Exxaro have been tipped to show the best cash returns when the sector’s half-year reporting season completes in less than a month’s time. Exxaro Resources, one of South Africa’s largest thermal coal exporters, said the average coal price for the first six months of the year was $270 per ton, nearly twice the average price during the comparative period in 2021. Another miner Goldman Sachs says the fuel will attain an average $208/t for the year with a softening likely from about the third quarter.

European Coal News:

*European buyers have had to temporarily set aside green aspirations in a rush for coal as the region’s energy crisis deepens, ramping up shipments from Australia, South America, Colombia and South Africa while tightening the global market. Analysts say imports of thermal coal from the 27 member EU bloc plus the UK will be 43% higher by next year versus this year. European countries imported 7.9 million tonnes of thermal coal in June, more than doubling year-onyear, although nearly 2 million tonnes lower than in April and May.

*The European Union is now the fifth largest seaborne importer of coal in the world, after India, China, Japan and South Korea. In 1H 2022, the EU accounted for 10.4% of global seaborne coal shipments. The EU’s seaborne coal imports in the 12 months of 2021 increased by +30.3% y-o-y to 87.1 mln tonnes. This was mostly a rebound from a massive -32.9% y-o-y decline in 2020 caused by Covid lockdowns. In the first 6 months of 2022, coal imports into the EU further increased by +49.6% y-o-y to 57.6 mln tonnes.

*Plans in Europe to place a small number of coal plants on temporary standby would add 1.3 per cent to EU emissions annually, even in the worstcase scenario where they run at the highest levels, energy think tank Ember said. Germany, Austria, France and the Netherlands have recently announced plans to enable increased coal power generation in the event that Russian gas supplies suddenly stop. The analysis finds that 14 GW of coal-fired plants have been placed on standby, adding 1.5 per cent to the EU's total installed power generation capacity. Majority of this is in Germany.

*The US coal mine production is expected to remain flat over the forecast period (2022–26), at a compound annual growth rate (CAGR) of 0.1%, to reach 545Mt in 2026. Coal output will be affected by the gradual closure of mines such as Buckskin, San Juan, Kemmerer, Coal Creek, Black Butte and Leucite Hills, Trapper, Absaloka and the Cadiz Mining Complex, which produced a combined 20.5Mt of coal in 2021. Further, according to the EIA, about 12.6GW, or 6% of the coal-fired generating capacity that was operational in 2021 is scheduled to retire in 2022.

*US coal producers were able to ramp up exports in 2021 to meet the demand both inside and outside the country but experts say they might struggle to meet the 2021 levels because of all of the nationwide rail logistics issues and it might take them until 2023 to get back to similar levels as 2021. Coal production is up from last year, but dramatically higher prices are not translating to a similar increase in supply. But most of that growth was in Western states. West Virginia coal production was up 3.6 percent in the first three months of the year, while Appalachian coal production was down 1.2 percent.

Pet Coke News:

*According to the report published by Allied Market Research, the global petroleum coke market generated $38.4 billion in 2020, and is estimated to generate $75.3 billion by 2030, witnessing a CAGR of 6.9% from 2021 to 2030. Rise in the usage of adhesives, increase in the global supply of heavy oils, development in cement and power generation industry, and surge in applications of petroleum coke drive the growth of the global petroleum coke market. However, government regulations on the manufacturing and usage of petroleum coke hinder the market growth.

*China imported 1.33 million mt of petroleum coke in June, a month-on-month decrease of 14.94% and year-on-year drop of 9.37%. The imports totaled 6.84 million mt in the first six months in 22, up 4.28% YoY. By specification, the imports of non-calcined petroleum coke stood at 306,400 mt, an increase of 84,300 mt compared with May. The imports of other non-calcined petroleum coke stood at 1.03 million mt, a drop of 318,400 mt MoM.

Shipping Update:

*Coal imports of up to 40 million tons, coming into the EU from Russia, need to be replaced from other sources. This could present a significant opportunity for the dry bulk market. The US accounts for the largest exporter of thermal coal to Europe at the moment, with exports surging to 11.2mn tonnes during the first half of 2022, noting a 91.6% y-o-y increase. Amid intensified sanctions, the US Government is exerting pressure on miners to increase production, therefore, trade flows from US to EU ports (mainly Netherlands and Germany) are expected to increase within 2nd half of this year. *The reshaping of global dry bulk trade flows by the Russia-Ukraine conflict, which was expected to boost shipping demand, could face headwinds in the third quarter on the back of a deteriorating global economic climate caused by surging commodity prices, interest rates and inflation. The aggressive monetary policies including interest rate hikes being pursued by various central banks is weighing on global commodity demand and freight rates in the near term, according to dry bulk shipping sources. *India’s draft national coal logistics plan announced recently, emphasises on developing the country’s coastal shipping network, particularly along the south and west coasts, to lower freight costs and delivery time of the key commodity, the mainstay of India’s power generation. Rail-sea-rail options for south and west coast coal traffic must be taken up to decrease the total landed cost of coal supply to those regions. Investments in port capacity and last leg railway lines are envisaged, the plan suggested.

Startwithquality,destinationwillbeexcellence.

GLOBAL MINETEC LIMITED, thy name stands for trust in supplying the qualitative coal from different coal mines of Mahanadi Coalfields Limited. With its inception in Talcher, Odisha, this company redefines the power of experience and knowledge. We take pride in the inclusive understanding of our work, its operations and incorporation of ultra new methodology to cope up with the quick paced market. GLOBAL MINETEC LIMITED constantly endeavour to expand globally given its success rate. GLOBAL MINETEC LIMITED also has extensive experience in tendered work contracts and has provided years of unadulterated dedicated services. It has undertaken numerous contracts on providing coal of good quality and has performed flawlessly each time as endorsed by Coal India Limited. GLOBAL MINETEC LIMITED has gained both momentum and trust in the market over the period by successfully completing the contracted works with properly maintaining the quality as per timelines.

We provide at supplying quality coal, being environmentally responsive and community friendly attracts our customers and retains them. We understand ardently the need to be extremely aware and responsible corporate citizens GLOBAL MINETEC LIMITED also takes strict measures when it comes to safety of its employees, machineries and tools and ensures that all government safety parameters are adhered to, and no deviation of any kind is tolerated.

GLOBAL MINETEC LIMITED starts off its logistics from moving the quality coal from mine stock. The coal is loaded and transported through tippers and subsequently loaded to wagons to be carried to the respective thermal power plants. GLOBAL MINETEC LIMITED is a brand that believes in strengthening its innate competence and growing better each passing day. With numerous new ideas out of its pandora box GLOBAL MINETEC LIMITED strives at becoming a giant business conglomerate. With strong core values and impeccable services GLOBAL MINETEC LIMITED is the name you can count on.

Contact details: Mail ID: gmtltalcher2018@gmail.com Mobile No: 9133537132,7972717847