MONTHLY SUMMARY OF IMPORTED COAL & PETCOKE Indicative Imported Coal Price COAL
(kcal/kg)
Weekly Price - FOB
Weekly Price - FOB
Weekly Price (USD)
South Africa South Africa Australia Indonesia Indonesia
6000 NAR 5500 NAR 5500 NAR 5000 GAR 4200 GAR
USD 328.40 USD 261.23 USD 190.76 USD 136.65 USD 85.80
INR 25625 INR 20384 INR 14885 INR 10663 INR 6695
4.40 -0.82 -16.66 -8.17 -5.06
Indicative Pet Coke Price PET COKE
Sulphur
Price
India-RIL(Ex-Ref.) Saudi Arabia (CIF)
-5% + 8.5%
INR 22007 INR 17650 ($226.00)
Weekly Change ($) (INR) -250 -22
USA (CIF)
- 6.5%
INR 18899 ($242.00)
-14
Exchange Rate
Change (Weekly)
INR 78.03
0.53
Indicative Coking Coal Price Premium Low Vol Current Week FOB Aus CFR China 373.60 417.10 Weekly Change (USD)
-127.87
-41.78
Low Vol HCC FOB Aus 338.50
Semi Soft Low Vol PCI Mid Tier PCI
CFR China FOB Aus 376.30 300.65
-126.47
-41.58
FOREWORDS: With tepid buying interest from China, Asian thermal coal market has remained steady amid sporadic Chinese purchases and volatile freight rates. Though low CV Indonesian thermal coal (3,400-4,000kcal/ kg GAR) market has remained upbeat this month. Mid and High-CV Indonesian coal is witnessing lukewarm demand so far while Australian coal price also fell as major Asian buyers from India and China are focusing more on cheaper alternatives available from Russia. Demand from other Asian buyers such as Vietnam and Thailand is also limited this month as they are able to meet demand using indigenous coal. Meanwhile in Europe, voting by EU parliament is set to accelerate the rise of carbon prices, which would enable the market to focus on fuel switching. Geopolitical conflicts in Europe and tight supply has
30 | CCAI Monthly Newsletter June 2022
-126.98
FOB Aus 358.40
FOB Aus 356.40
-125.35
-125.35
MET COKE 62% CSR CFR India FOB N China 577.00 537.20 -58.38
-41.68
caused Coal export receipts for Colombia, one of the world’s top coal-exporting countries, climbed to a 30year record in 2022, as per data available till April.
Indonesian Coal News: *Seaborne spot demand for Indonesian thermal increased this month as Chinese interest surfaced with easing lockdown restrictions. Low CV thermal coal demand from Indonesia was on the rise. However, due to supply of Russian coal to India and China, demand of high-CV Indonesian coal dampened. The mid-CV grade market is very quiet because the Chinese domestic coal is cheaper in comparison. *Indonesia’s
Ministry
of
Energy
and
Mineral
