MONTHLY SUMMARY OF IMPORTED COAL & PETCOKE Indicative Imported Coal Price COAL South Africa South Africa Australia Indonesia Indonesia
(kcal/kg) 6000 NAR 5500 NAR 5500 NAR 5000 GAR 4200 GAR
Monthly Price - FOB USD 316.00 USD 282.44 USD 236.30 USD 158.79 USD 110.69
Monthly Price- FOB INR 24107 INR 21547 INR 18027 INR 12114 INR 8444
Monthly Change (USD) 109.29 106.72 84.31 44.44 34.55
Indicative Pet Coke Price PET COKE
Sulphur
Price
India-RIL(Ex-Ref.) Saudi Arabia (CIF)
-5% + 8.5%
INR 18056 INR 18645 ($244.40)
Monthly Change ($) INR 3533.60 66.40
USA (CIF)
- 6.5%
INR 20247 ($265.40)
71.40
Exchange Rate
Change (Monthly)
INR 76.29
1.33
Indicative Coking Coal Price Current Month
Premium Low Vol FOB CFR China 584.60 436.70
Monthly Change (USD)
139.92
41.30
HCC 64 MID Vol Semi Soft Low Vol PCI Mid Tier PCI MET COKE 62% CSR FOB Aus CFR China FOB Aus FOB Aus FOB Aus CFR India FOB N China 552.10 405.20 459.90 545.50 543.50 684.20 638.90 154.52
48.83
South African Coal News: * In a groundbreaking ruling, a court has ordered the South African government to reduce air pollution in a coal-mining belt ranked by Greenpeace as the world's most polluting cluster. Mpumalanga, which borders Mozambique, is the hub of South Africa's coal industry and boasts 12 coal-fired plants. Local environmental lobby group GroundWork and Vukani won the case with a Pretoria high court last week declaring air quality in the area "in breach of residents'... constitutional right to an environment that is not harmful to their health and well-being. * Deputy Minister for mineral resources and energy Nobuhle Nkabane said South Africa is aiming to reduce the country’s dependence on coal while pointing out that there is an “umbilical cord” between South Africa’s coal mining and energy. Currently the country’s reliance on coal as a primary source of energy is at 75%. He said SA has committed to progressively contribute its fair share as part of
42 | CCAI Monthly Newsletter March 2022
155.28
226.53
226.47
85.95
129.65
its approved Nationally Determined Contributions, and aims to reduce coal consumption in the power generation sector to below 60% by the year 2030. * South African miners are exploring ways to supply coal and metals consumers in Europe scrambling for alternative sources to Russian supply, but logistics and cost constraints make it difficult to rapidly boost output, companies said. Customers are approaching suppliers they have no existing relationships with, desperate to secure the commodities, major producers said. Miners typically utilize long-term contracts, making surplus supply scarce. * South Africa is an advocate of a fair energy transition that considers developmental needs of poor countries. While coal currently accounts for 90% of South Africa’s energy sources, it has been ramping up roll out of wind and solar energy farms to reduce its reliance on coal-fired power stations for generating electricity. Last year, South Africa announced that it had secured $8.5 billion in financing from the EU,
