Monthly Summary Of Imported Coal &Petcoke

Indicative Imported Coal Price

COAL

(kcal/kg) South Africa 6000 NAR South Africa 5500 NAR Australia 5500 NAR Indonesia 5000 GAR Indonesia 4200 GAR Monthly Price - FOB USD 68.19 USD 51.81 USD 40.52 USD 43.31 USD 29.90 Monthly Price- FOB Monthly Change (USD)

INR 5060

INR 3845

INR 3007

INR 3214

INR 2219 8.21 6.73 -0.05 2.43 1.48

Indicative Pet Coke Price

PET COKE Sulphur Price Monthly Change India-RIL(Ex-Ref.) -5% INR 8851 INR 0.00 Saudi Arabia (CIF) + 8.5% INR 7050 ($95) 0.00

USA (CIF) - 6.5% INR 7347 ($99) 0.00 Exchange Rate Change (Monthly)

INR 74.21 0.61

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

102.13 158.56 94.47 143.13 63.00 72.19 69.19 306.50 332.88

-23.38 21.00 -14.04 23.19 -3.54 -6.26 -6.26 24.00 30.75

South African Coal News: * The energy sector in South Africa remains one of the major thermal coal users in the G20 even though the country is at greater risk of the fallout from climate change if the emissions of greenhouse gases are not controlled immediately. Fossil fuels still account for 92% of South Africa’s total energy mix, with more than 85% of electricity coming from coal.

* South African coal exports have dropped by 3.4 percent in October following low demand and availability of cheaper alternative fuels. The country wise thermal coal export has been showing an upward trend since August after the price nosedived since April 2020 following the spread of coronavirus in the continent. However, the coal export data has deteriorated in October ’20. Australian Coal News: *China's unofficial ban on coal imports from Australia is starting to take its toll on volumes, with departing cargoes down sharply so far in November. The price is down by 25.1 per cent from the recent peak of $140 a tonne on Oct. 5and reports have started emerging of Chinese officials giving unofficial verbal instructions to traders and steel mills to halt purchases of Australian coal. *Australian Prime Minister Scott Morrison sees no impact on Australian thermal coal exports to its largest customer Japan from its plan to reach carbon neutrality by 2050, as coal will continue to be used to generate electricity in Japan for some time. But the two countries are also working together on strategies to reduce greenhouse gas (GHG) emissions. Australia exported around 75mn t

Indonesian Coal News: *November thermal coal reference price -- also known as HBA at $55.71/mt, down 15.9% year on year, but up 9.2% from October. The HBA price was at $67.09/mt in March and has been on a downtrend since then, slumping to its lowest of $49.42/mt in September amid the coronavirus pandemic.

* Indonesia's energy ministry (ESDM) has drafted initial regulations setting out the legal framework for implementing a royalty exemption for coal producers entering into the downstream coal industry. All coal producers will be eligible for consideration of a royalty exemption if they carry out coal development or utilisation activities for downstream purposes.

US Coal News: * The US is estimated to produce 520.6 million st of coal in 2020, lowering its estimate from a month ago by roughly 4.3 million st, or 0.8%. The year-end output estimate would be 26.2% below the 705.3 million st produced in 2019, Meanwhile, 2021 production is estimated at 626.9 million st. * US mining firms expect Joe Biden’s presidency to raise some obstacles for the coking coal industry, but there is confidence that infrastructure investment and a different approach to diplomatic relations will foster more favourable market conditions. Job losses and mine closures in the last year or more meant that the Donald Trump administration failed to significantly raise coal employment as the sector had hoped. *US third quarter coking coal exports recovered from the second quarter but fell from a year earlier as global demand made a partial recovery from its lowest points. The US exported 9.24mn t of coking coal in the third quarter, a quarterly increase of 13pc but an annual decrease of 21.4pc.

Pet Coke News: * The price of Green Petroleum Coke (GPC) from US gulf coast has gone up last month as its supply has continued to be remained tight in the US Gulf area especially after the Hurricane in last August. Meanwhile, order for high-sulphur pet coke was also on the higher side in recent months causing its price * The high price of US petcoke is being faced with steep resistance from the buyers. This is pushing the market closer to its ceiling as the end-users continue to choose alternative fuels over petcoke. Chinese demand for US petcoke has kept prices high on the US WestMCoast but according to the analysis, demand is still tepid at that price level presently.

*Amid subdued demand and lack of steady bids, petroleum coke trade in India continues to remain thin. The domestic petcoke price also remained flat as import deals for both petcoke and thermal coal remained scarce amid the ongoing festive season in the country.

Shipping Update: * As governments come together at the UN International Maritime Organization (IMO) to consider important next steps to decarbonise maritime transport, the global shipping industry urgently calls on them to take forward its proposal for an industryfinanced, USD 5 billion research and development programme to catalyse the transformation of the industry from dependence on fossil fuels.

* India’s imports of coal collapsed to the weakest in at least five years in May, as the economic lockdown in the world’s second-biggest importer of the polluting fuel took its toll. Imports were estimated at 9.17 million tonnes in May, according to vessel-tracking and port data compiled by Refinitiv, the lowest result since Refinitiv started collating data in January 2015. While the numbers are still subject to revision, it’s clear that May’s imports will come nowhere close to the 14.64 million tonnes in April, or the 21.2 million tonnes in May last year.

*The shipping industry is faced with more stringent environmental measures around the world, while also having to cope with a slowdown in seaborne trade, which is having an adverse effect on revenues. In fact, it is estimated that the industry’s freight rates won’t rebound for the next 12 months. The elevated market and investment uncertainty caused by looming regulatory restrictions coupled with the COVID-19 pandemic have significantly slowed down global seaborne trade.