Monthly Summary Of Imported Coal & Petcoke

Indicative Imported Coal Price

COAL (kcal/kg) Weekly Price - FOB Weekly Price - FOB Weekly Price (USD) SouthAfrica 6000NAR USD 201.63 INR 16418 -37.38 SouthAfrica 5500NAR USD 143.01 INR 11645 -26.76

Australia 5500NAR USD 137.79 INR 11220 -20.75 Indonesia 5000GAR USD 123.09 INR 10023 -7.82 Indonesia 4200GAR USD 87.56 INR 7130 -3.88

Indicative Pet Coke Price

PET COKE Sulphur Price

Weekly Change ($) India-RIL(Ex-Ref.) -5% INR 18949 (INR) 837 SaudiArabia(CIF) +8.5% INR 15105($186.00) -14.00

USA(CIF) -6.5% INR 15207($187.00) -10.00 Exchange Rate Change (Weekly)

INR 81.43 -1.07

Indicative Coking Coal Price

Current Week

Weekly Change (USD)

Premium Low Vol Low Vol HCC Semi Soft Low Vol PCI Mid Tier PCI MET COKE 62% CSR FOBAus CFRChina FOBAus CFRChina FOBAus FOBAus FOBAus CFRIndia FOB NChina 287.66 299.19 269.16 256.88 241.13 280.81 278.81 400.69 369.63

-2.59 -7.56 -2.53 -1.88 -5.19 -5.75 -5.75 -41.56 -31.38

Indonesian Coal News:

*The Indonesian government is looking at allowing the construction of new coal plants, with a combined capacity of 13 gigawatts that have already been tendered out. The plan is laid out in the country’s 10-year energy plan for 2021-2030. Crucially, a 2022 regulation issued by President JokoWidodo allowed the construction of what’s known as captive coal plants, which are built specifically to supply certain industries and not to feed into the grid. Indonesia was the world’s fifth-largest greenhouse gas emitter in 2019, behind only China, the U.S., India, and the EU. Its emissions largely come from deforestation and the burning of coal, with the latter generating 61 percent of the country’s electricity.

*The United States and Japan will lead a group of counties that will offer $15 billion to Indonesia for retiring its coal power plants earlier and moving on to lower-carbon sources of energy. The deal will focus on financing the closure of coal power plants and the cancellation of new coal generation capacity plans. Yet the funding appears to be just a drop in the ocean of finance needed if Indonesia is to retire all its coalgenerating capacity as the total amount of money needed to do that would come in at $600 billion.

Australian Coal News:

* The need for Queensland metallurgical coal is expected to increase despite global demand for coal continues to plummet by 2050, as per state government analysis. The IEA's report looked at three different scenarios for future coal demand to 2050. Queensland Deputy Under-Treasurer for Economics and Fiscal Dennis Molloy said the

government expected demand for metallurgical to remain strong, but the need for thermal coal used in electricity production would suffer. Queensland Treasury's report noted demand for metallurgical or coking coal would continue for some time due to the lack of current alternatives to coal in the steelmaking process.

*Prices for seaborne thermal coal from Australia have started to drop as fears of a winter energy crunch ease, but the rate of decline has varied across the different grades of coal. The often-cited Asian benchmark price of Australian coal at Newcastle port dropped last week to $364.63 a tonne. 5,500 Kcal/ kg coal ended last week at $143.11 a tonne, down almost 50% from its record high of $284.20 in the week of March 11.

South African Coal News:

**The World Bank chief gives South Africa's energy transition plans the thumbs up. With the R9 billion concessional loan in place, Komati is set to become the first major coal power station in the country to be converted into a renewable station with 150MW of solar, 70MW of wind, and 150MW of storage batteries. The World Bank funding will be financed through an R8 billion loan, an R870 million concessional loan from the Canadian-World Bank Clean Energy and Forest Climate Facility This project will greatly assist Eskom, South Africa, and the international community to develop a deeper understanding of how the processes of decommissioning and repurposing of coal-powered stations can be done.

* The seaborne thermal coal prices that are retreating are linked to Europe. The price of coal from South Africa’s Richards Bay dropped to $169.44 a tonne in November, bringing it down by 56 percent from its alltime high of $385.94 in August. The decline in prices for South African coal and for coal delivered to Europe is a reflection that fears related to Russian supplies have largely been overstated. As the coal powerhouse continues to supply albeit, in lesser quantity, South African sellers are not receiving the desired demand even amid escalating global demand.

European Coal News:

*Coal imports almost double in the UK as the Ukraine war turns natural gas into a no-go zone. More than 560,000 tonnes of coal came into British ports last month. Rising gas prices resulting from the war in Ukraine have forced the UK to nearly double its coal imports to keep the lights on through the winter. The increasing use of coal-generated power in the country comes after years of the country shifting to cleaner electricity from gas-fired power plants and renewables but is deemed vital as Russian president Vladimir Putin crimps gas supplies to Europe.

*The decline in prices for Australian and South African coal and for coal delivered to Europe is largely a reflection that fears about Russian supplies have largely been overstated. Coal exports from the world's third-biggest shipper have held up in recent months, albeit with some shifting among buyers. Russia exported 10.93 million tonnes of thermal coal via ships in October. In Europe, Turkey was the biggest buyer, with purchases of 1.71 million tonnes, while shipments to the Netherlands and Germany were assessed as zero, down from 1.08 million and 462,148 in the same month in 2021.

US Coal News:

*The six major U.S. banks are behind more than onethird of the financing to expand fossil-fuel extraction. According to the Rainforest Action Network (RAN), the top 60 banks by assets globally provided a total of $1.3 trillion to the top 100 companies expanding fossil fuels between 2016 and 2021, the years since the Paris climate accord. Of that $1.3 trillion, the big six U.S. banks — Bank of America, JPMorgan Chase, Citi, Wells Fargo, Morgan Stanley, and Goldman Sachs provided 33 percent, or funding valued at about $445 billion, to the top 100 coal, oil and gas expanders.

*Renewable energy is on track to produce more energy than coal in the US in 2022. According to figures from the US Energy Information Administration (EIA), more than a fifth of all electricity by the end of 2022 will come from hydropower, wind, and solar. That

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