Monthly Summary Of Imported Coal &Petcoke

MONTHLY SUMMARY OF IMPORTED COAL & PETCOKE Coal Price Index

COAL (kcal/kg) Weekly Price - FOB Weekly Price Monthly Change (USD)

- FOB Weekly Change (USD) South Africa 5500 NAR

Australia 5500 NAR

Indonesia 5000 GAR

Indonesia 4200 GAR

USA 6000 NAR USD 54.81

USD 40.80 USD 42.84 USD 38.53 USD 27.13 USD 49.64 INR 4146

INR 3086 INR 3240 INR 2914 INR 2052 INR 3755 -11.52

-10.48 -12.02 -8.77 -5.31 -2.43

PET COKE Sulphur Price

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

-5% INR 5892 + 8.5% INR 4349 ($58) - 6.5% INR 4481 ($59)

Weekly Change (INR) -978.00 -6.50 -6.75 Exchange Rate Change (Weekly)

INR 75.64 -0.44

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

114.00 122.06 90.31 98.13 61.81 67.56 63.78 250.75 254.75

-14.60 -14.84 -25.42 -22.73 -5.84 -9.09 -11.54 -10.15 7.75

South African Coal News:

*Coal miner MC Mining said limited activities had commenced at its Uitkomst colliery in South Africa after the government there started easing lockdown measures. Uitkomst would ramp-up to 50% capacity within seven-to-10 days, the company said, in line with government restrictions. * The development of mines in sub-Saharan Africa by Chinese firms will slow in the coming quarters due to logistical challenges posed by the global Covid19pandemic. The activities may pick up again in 2021, experts say. * Eskom plans to delay the closure of three of its oldest coal-fired power plants in order to maintain generation capacity. The state owned company submitted documents to the Centre for Environmental Rights (CER) of Grootvlei, Camden and Hendrina mines so that they may operate until as late as 2030. The three mines have the capacity to produce about 4,600MW.

Australian Coal News:

* At current spot thermal coal prices most of Australia's producers are struggling to make profit, including some of the biggest mining firms. UKAustralian mining firm BHP has guided for an average

operating cost of $55-61/t at its New South Wales energy coal division The NAR 6,000 kcal/kg price is assessed at $50.75/t fob. Newcastle and the lowergrade NAR 5,500 kcal/kg price at $40.39. * Glencore has greeted 2020 with a steep decline to its Australian coking coal production, but its thermal coal portfolio offset the blow. The company produced 1.8 million tonnes of coking coal in the first quarter of this year, a drop of 31 percent from the prior corresponding period. * Australia’s coal exporters are bracing for a slump in shipments to China, making it somewhat ironic that May is likely to be the strongest month in nearly two years for Chinese imports from Down Under. Traders are expecting that China’s coal imports may fall in coming months amid moves by Beijing to restrict cargoes to protect the domestic mining industry and prices.

Indonesian Coal News:

* Chairman of the Indonesian Mining and Energy Forum (IMEF) Singgih Widagdo, said that coal price will continue to deteriorate. Pressure towards the sector will continue in Q2 od 2020 as the industry and power plant sector experienced a slow down as export destination countries decrease their energy consumption by around 10 to 20 percent. * Indonesia’s parliament has passed a new bill that effectively gives miners bigger concessions and longer contracts, with fewer environmental obligations including removal of a limit on the size of mining operations under a single permit, capped by the previous law to 15,000 hectares (37,000 acres).

US Coal News:

* US coking coal prices edged up on indications of stronger demand for the third quarter and signs that suppliers are less willing to offer discounts that were available in March and April. Fob Hampton Roads low-volatile coking coal price remained stable at $111.50/t over the past week, supported by strong demand in Asia-Pacific. The high-volatile a price increased by $1. * The U.S. got more energy from renewables in 2019 than it did from coal, a year sooner than that same milestone is expected for the electricity sector on its own. Last year, the U.S. consumed 11.3 quadrillion British thermal units of coal, the lowest level since 1964. By comparison, total consumption of renewable energy hit a record-high 11.5 quads.

. Pet Coke News:

* As seaborne traders struggled with the pandemicinduced lockdown in India, Petroleum coke prices delivered to the country remained within the range this week. According to market analysts, certain cement plants along the east coast of India may lean on Saudi Arabian petcoke instead of US varieties. *In the first month of 2020-21 fiscal, India's petroleum coke consumption almost halved to 1.13mn t from 2.25mn compared to a year earlier, according to data from the country’s oil ministry. The figure was also 33% lower than March levels, when consumption had already begun falling sharply from a year earlier as effect of the deadly pandemic began to be felt in the country.

Shipping Update:

* Ridley Terminals in Prince Rupert, British Columbia, exported over 1.1 million MT of thermal and metallurgical coal in March, up 42.8% from the previous month, Analysts said. Combined metallurgical and thermal exports were at their highest since March 2013 with 1.9 million MT. The jump was largely driven by a peak in monthly thermal exports. * Australia's Queensland coal ports are easing Covid-19 restrictions on foreign crews, as vessel queues dwindle and the mining industry seeks ways to ease access to the seaborne market as it faces an anticipated period of sustained lower demand. * Australian coal mining firms are looking to diversify cargoes to Southeast Asia, particularly Vietnam, and to try to build market share in more mature markets in north Asia, in case access to China becomes more difficult. Many do not think that China will be able to stop delivery of Australian coal, but are concerned about its ability to curtail it.

*Asia’s dry bulk shipping market has found support from robust coal demand from Vietnam and China as well as plentiful iron ore flows to China, despite COVID-19 pulling down consumption in other pockets, said Vivek Kumar, managing director of Western Bulk Pte Ltd.