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 93.28 inr 6781 5.56 south africa 5500 nar Usd 66.66 inr 4846 6.18 australia 5500 nar Usd 57.46 inr 4177 1.43 indonesia 5000 Gar Usd 61.02 inr 4436 -5.65 indonesia 4200 Gar Usd 38.38 inr 2790 -1.36

Indicative Pet Coke Price

PET COKE Sulphur Price Monthly Change Exchange Rate Change (Monthly) india-riL(ex-ref.) -5% INR 10662 INR 150.00 saudi arabia (ciF) + 8.5% INR 8941 ($123) 6.00

Usa (ciF) - 6.5% INR 9377 ($129) 7.00 INR 72.69 -0.21

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

116.16 218.06 111.00 205.06 95.51 105.44 104.06 415.13 393.50

-24.91 -3.06 -20.91 -2.25 -1.91 -0.75 -0.63 -22.25 -60.25

South African Coal News:

*South African mining major ANGLO American said that the demerger of its South African thermal coal business was the top option towards executing plans to exit the business, although a trade sale would also be considered as it announced lower production due to Covid-19 disruptions during the year ended December 2020.

* China usurped India as South Africa's largest coal export market last month, although railing difficulties cut overall shipments from Richards Bay. Richards Bay Coal Terminal (RBCT) exported 4.6mn t last month, the lowest February figure since 2014. Shipments recovered from the 2.7mn t record low in January but were still down by 13pc year on year.

* South African coal supply remains tight this month due to significantly reduced coal transport to Richards Bay Coal Terminal as Transnet’s maintenance is ongoing. The Indian

buyers are interested in South African coal as its price has come down by 10$-15$ compared to Australian coal.

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 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. * A prolonged ban on Australian imports has caused China’s imported coal supplies to be under pressure. The ban on Australian coal – now in its sixth month – remains in force, with analysts not expecting any Australian shipments to be allowed into Chinese ports this month.

Indonesian Coal News:

*Indonesia exported another record-high volume of coal to China in January, but overall shipments stuttered amid weather-related disruptions and fewer loadings for other key markets. The country shipped 38.2mn t in January, which was broadly unchanged from a year earlier. But exports were down from 40.59mn t in December, representing the first month-on-month decline since September 2020. * Indonesia’s Ministry of Energy and Mineral Resources has set its March thermal coal reference price at $84.49/mt, down 3.8% month on month, but up 26% year on year. The two fellow coal rich nations in Asia, India and China both are also focused on boosting their own domestic production, which has also impacted demand for Indonesian thermal coal.

* The Indonesian government has controversially declared coal ash as no longer being a hazardous waste product through a new regulation issued on 2 February 2021 that was part of the country’s omnibus law on job creation. The move was made despite the fact that coal ash does indeed contain hazardous material including heavy metals such as mercy, lead and arsenic.

US Coal News:

* The US is estimated to produce 581.2 million st of coal in 2021, the Energy Information Administration said in a report, lowering its monthly estimate for the fourth straight month, or by roughly 8 million st, or 1.4%, from February. However, the 2021 production would be 7.8% higher than the 55-year low 539.1 million st produced in 2020, while the 2022 production estimate rose 2.7% on the month to 610.3 million st.

* The Energy Information Administration has reported that in 2020, US coal exports declined to 69 million short t, a 26% decrease from 93 million short t in 2019. Steam coal exports, which accounted for 40% of the total, declined by more than one-third, dropping 34% from the previous year to 27 million short t. Metallurgical coal had a smaller, but still significant, decrease of 20%.

*Amid scarce seaborne supply and limited petcoke deals due to poor buying interest from China and India, Petcoke prices from India’s domestic refineries have gone up this month. Meanwhile, the US Gulf petcoke market remained subdued in the week as the region began its recovery from a major winter storm.

* Demand for petcoke delivered into the Mediterranean region continued to remain low last week, as consistently rising freight rates and petcoke prices aided the ongoing switch to alternative fuels. All origins of petcoke have risen; USGC and Spain material are at all- time highs.

Shipping Update:

*India’s dozen state-owned ports handled a combined 600.625 million tonnes (mt) of cargo during April to February of FY21, 6.61 per cent lower than the 643.104 mt handled during the same period last year. Except Paradip Port Trust and Mormugao Port Trust, the other 10 port trusts continue to suffer from volume declines triggered by the coronavirus-induced demand destruction.

*At least five maritime operators are in talks with the Indian government to buy a majority stake in the country’s biggest shipping company, which could be among the first public entities to be sold in the country’s biggest ever privatization drive. The sale of the state-run Shipping Corp. of India, which controls up to a quarter of the country’s waterborne tonnage, is seen as a test case for bigger privatizations down the road as India’s government attempts to replenish depleted state coffers after Covid-19 imposed lockdowns.

* Responding to February 2021 export figures, FIEO President, Sharad Kumar Saraf said that the monthly exports rose marginally by 0.67 per cent to 27.93 billion dollars, mainly on account of container shortages across the country and limited supply disruptions in the last week of the month due to increasing COVID cases in certain states. He said that all the major sectors of export, which during the previous month were in positive territory, continued with a similar positive growth trend during February also.