Monthly Summary Of Imported Coal &Petcoke

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

South Africa 5500 NAR Australia 5500 NAR Indonesia 5000 GAR Indonesia 4200 GAR USA 6000 NAR USD 57.36

USD 40.39 USD 40.45 USD 37.82 USD 25.43 USD 49.93 INR 4351

INR 3064 INR 3068 INR 2869 INR 1929 INR 3787 2.55

-0.41 -2.39 -0.71 -1.70 0.29

Indicative Pet Coke Price

PET COKE Sulphur Price

India-RIL(Ex-Ref.) Saudi Arabia (CIF) USA (CIF)

-5% INR 5697 + 8.5% INR 4893 ($65) - 6.5% INR 5045 ($67)

Weekly Change (INR) -195.00 6.50 7.50 Exchange Rate Change (Weekly)

INR 75.86 0.22

Indicative Coking Coal Price

Current Week

Weekly 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

111.00 120.57 90.75 100.56 59.66 69.60 67.10 256.88 272.13

-3.00 -1.50 0.44 2.44 -2.15 2.04 3.32 6.13 17.38

South African Coal News:

* South African coal loadings rebounded in May but the outlook for exports remains challenging. Policy and seasonal obstacles could hamper demand from India, even as the country emerges from lockdown, while recent stock building in Vietnam and Pakistan could weigh on near-term buying interest from these markets, which have acted as key sources of flexible demand during the second quarter. *South Africa’s state utility Eskom's coal-fired stations are struggling to meet the electricity demand in the country. The power stations which produce more than 80 percent of South Africa's electricity, have long been unable to supply adequate power to the continent’s most developed economy, culminating in rolling blackouts that last year hobbled industries in the country. Australian Coal News:

* Glencore's Rolleston coal mine in Queensland, Australia, has stopped production for two weeks starting June 2, Analyst told. The coal mine was heard to be making losses at the prevailing market price. The move comes weeks before the upcoming 59-day closure of Peabody's

Wambo underground thermal and semi-soft coking coal mine in New South Wales, Australia, starting June 19 amid weaker demand, sources said. *Australia, which is the world's top exporter of iron ore and metallurgical coal and the second biggest shipper of thermal coal, has seen its employment rate in the mining sector during March-May fell to its lowest since December 2017-February 2018 as Covid-19 impacted some part of the sector. Indonesian Coal News:

* The Indonesian government has raised its 2020 thermal coal export target and says it expects to meet its annual production goal this year, although the sector will still decline on the year as a result of weakening global demand driven by the coronavirus pandemic. * The Indonesian government set its coal benchmark price (HBA) for June at $52.98 per tonne, down from $61.11 per tonne last month, the Energy and Mineral Resources Ministry said in a statement. The June benchmark price COAL-HBA-ID, the lowest since 2016, dropped due to lower demand linked to coronavirus disruptions in major markets such as China and India.

US Coal News:

* US coal imports totalled a 10-year low 121,259 mt in April, down 42.9% from March and 71.5% lower than the year-ago month, according to US Census Bureau data published June 4. Year-todate thermal imports are at 921,836 mt, down 50.1% from the first four months of 2019. Coal imports from Colombia tumbled to over a 10- year low 33,274 mt in the latest month, down 74.7% from March and 90.8% lower than the year-ago month. Despite the overall lower imports, US coal imports from Indonesia rose to 59,955 mt in April, up 14.4% from March and 11.4% higher than a year ago. *The US may not need to completely shun coal but rather shift to clean coal as the dry fuel is extremely essential for uninterrupted supply of power across the country, experts believe so. * Russian coal production fell 13.5% on the year to a near four-year low in May as poor generation economics eroded international demand, provisional government estimates showed. Production totalled 990,000t/day – its lowest since July 2016 – while exports also dropped 13.3% on the year to 500,000t/day..

Pet Coke News:

* Subdued petcoke demand has resulted in reduced coke supply for the past 2 months. Market experts opine that petcoke supply may rise in the third quarter as COVID restrictions are relaxed in USA. The benchmark fob US Gulf coast 6.5pc sulphur coke price has remained in the $33-34/t range after 1st week of April. *The seaborne petcoke prices are edging up following a slight growth in cement demand from India after the lockdown. However, some experts based in Asia presume that, the freight market needs to stabilise further before serious deals start to take place as buyers are cautiously monitoring the present situation.

Shipping Update:

* India’s imports of coal collapsed to the weakest in at least five years in May, as the economic lockdown in the world’s secondbiggest importer of the polluting fuel took its toll. Imports were estimated at 9.17 million tonnes in May, according to vessel-tracking and port data compiled by Refinitiv, the lowest result since Refinitiv started collating data in January 2015. While the numbers are still subject to revision, it’s clear that May’s imports will come nowhere close to the 14.64 million tonnes in April, or the 21.2 million tonnes in May last year. * Key stakeholders from throughout the international shipping industry are raising concerns about mounting pressures associated with traffic jams at ports, stranded crew members, and rising unemployment. According to recent reports, over 400,000 shipping workers are currently stuck at sea or unemployed due to COVID-19-related travel restrictions.