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 USD92.90 USD 66.26 USD 57.25 USD 69.65 USD 55.15
Monthly Price- FOB INR 7646 INR 5320 INR 4255 INR 5670 INR 4026
Monthly Change (USD) 11.84 6.62 1.04 8.02 5.80
Indicative Pet Coke Price PET COKE
Sulphur
Price
India-RIL (Ex-Ref.) Saudi Arabia (CIF)
-5% + 8.5%
INR 11357 INR 9180($126)
Monthly Change ($) INR 154.00 1.50
USA (CIF)
- 6.5%
INR 9746($134)
2.25
Exchange Rate
Change (Monthly)
INR 73.00
-1.57
Indicative Coking Coal Price Current Month Monthly Change (USD)
Premium Low Vol FOB CFR China 126.19 261.63 16.34
39.31
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 116.13 235.75 101.47 107.84 106.84 376.13 418.75 11.06
28.13
South African Coal News: *A prolonged slump in Indian coal demand threatens a recent recovery in South African prices. Any demand slump from India’s sponge iron industry will weigh heavily on South African coal imports, given buyers typically favour Richards Bay coal over other origins owing to its high fixed carbon content. South African coal exports to India declined by 4.8mn tonnes or 11.5%, in the year to 36.8mn tonnes in 2020. * South African bank-Ned bank will restrict total financing in aggregate for coal mining firms and infrastructure and trade related to thermal coal to less than 1% of its total advances, with this decreasing to 0.5pc by 2030. The bank will also not provide funding for any new coal-fired power plants, regardless of technology or jurisdiction. *South African miner Buffalo Coal Corporation has considerably narrowed its margin of loss for the first three months of 2021 compared to the corresponding period of 2020 as demand of power in the coal reliant nation has increased significantly
0.03
0.81
0.81
11.25
69.75
in 2021 after the low demand in the previous year due to lockdown.
Australian Coal News:
*Australian coal exports have continued to steadily rise in value since overcoming China’s ban on the commodity last year, data from the Australian Bureau of Statistics (ABS) has revealed. Coal exports in April 2021 increased by $287 million, 8% higher when compared with the previous month. This was partially driven by coal exports to India, which increased significantly ($116 million) in April. * Australian coal industry continues to suffer as insurers and financial service providers distance themselves from projects amid pressure from climate campaigners. Adani's controversial Carmichael coal mine in Australia along with miners New Hope Corp and Whitehaven Coal has asked the government for help to take out insurance after failing to secure coverage.
CCAI Monthly Newsletter May 2021
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