Monthly Summary Of Imported Coal &Petcoke

Indicative Imported Coal Price

COAL (kcal/kg) Monthly Price - FOB Monthly Price- FOB Monthly Change (USD) South Africa 6000 NAR USD 209.75 INR 15740 45.92 South Africa 5500 NAR USD 170.40 INR 12787 37.83

Australia 5500 NAR USD 156.88 INR 11773 48.85

Indonesia 5000 GAR USD 186.06 INR 13963 66.15

Indonesia 4200 GAR USD 141.48 INR 10617 55.31

Indicative Pet Coke Price

PET COKE Sulphur Price Monthly Change ($) Exchange Rate Change (Monthly) India-RIL(Ex-Ref.) -5% INR 16360 Saudi Arabia (CIF) + 8.5% INR 16509 ($220) INR 1508.80 51.40 INR 75.04 1.36

USA (CIF) - 6.5% INR 17109 ($228) 46.60

Indicative Coking Coal Price

Current Month

Monthly Change (USD) Premium Low Vol HCC 64 MID Vol Semi SoftLow 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 398.97 611.35 334.85 537.94 273.50 275.56 274.56 615.75 644.50

53.17 76.17 37.45 63.94 49.58 42.91 42.91 95.45 36.40

South African Coal News:

* South Africa is seeking cheap finance for more than 400 billion rand (27.6 billion USD) of electricity infrastructure as part of its plans to move away from coal. Through a funding facility backed by rich nations and development finance institutions, South Africa hopes to build more than 180 billion rand of cleaner power generation, 120 billion rand of transmission equipment as well as substations, transformers and distribution technology to endorse a greener future for the country. * The coal production and transport in South Africa’s Richard’s Bay terminal may face a possible impact amid more transport woes in the country. Though South African transport company Transnet had not specified the impact on commodity exports when it declared force majeure at the Richards Bay bulk terminal. Anglo American spin-off, thermal coal miner Thungela Resources was last week forced to cut production guidance due to issues with Transnet's freight rail network, which has been beset by incidents of theft and vandalism. * South Africa must manage its transition away from coal-fired power generation systematically and not rush a switch to renewable energy sources, Mining and Energy Minister Gwede Mantashe said. The minister pointed to China's current energy crisis as an example of what could go wrong if a transition is attempted too fast. South Africa aims to cut coal's share of the energy mix to less than 60% by 2030 from around 75% now while increasing the share of renewable energy. * The Energy Minister of South Africa said that rich nations shouldn’t force South Africa to ban

new coal-power projects and impose other conditions as a requirement for funding to help reduce its environmental footprint, Gwede Mantashe last month skipped a meeting with climate envoys from the U.K., U.S., Germany, France and the European Union, where an initial amount of almost $5 billion in concessional loans and grants was discussed.

Australian Coal News:

* An estimated one million tonnes of Australian coal have stayed in bonded warehouses along China's coast for months, uncleared by customs after Beijing's unofficial ban last October. However, China is releasing Australian coal from bonded storage, despite a nearly year-long unofficial import ban on the fuel, as it scrambles to ease a national power crunch stemming from a coal shortage. * Australia has approved its third coal mine extension in the past month in the lead up to a global climate summit next month even as its high court ruled the government must consider the harm of climate change when approving new mines and extensions. Meanwhile, Australia is setting up a government-run A$250 billion ($180 billion) lending facility for the country's coal industry in return for supporting a net zero carbon emissions target for 2050. * China’s ban on Australian coal imports has proved to be a boon for Sydney-listed Coronado Global Resources, one of the world’s top producers of metallurgical coal. While the company’s giant Curragh mine in Australia is currently locked out of Asia’s biggest market due to a diplomatic spat between Beijing and Canberra, Coronado is more than making up for that with shipments to the US. India has become the top destination for the company’s coal from Curragh in Queensland state, with solid demand also coming from across Asia. * Australian coal mining firms are turning to Asia to fund growth options. The country’s thermal and metallurgical coal producer Whitehaven Coal is confident that it will be able to raise up to A$1bn in Asian bonds to support its growth plans, yet fellow producer TerraCom has been forced to accept backup financing for its operations after it failed to secure new sources of debt to sustain its existing operations.

Indonesian Coal News:

* The world’s largest thermal coal exporter, Indonesia, has set its October coal reference price at a record high of USD 161.63/t, driven by weather-related production disruptions and still rising regional demand, the energy ministry data has revealed. * Coal shipped from Indonesia — China’s biggest supplier — jumped sharply last week. Medium quality Indonesian coal was changing hands at a record high of $166.5 a tonne. Provinces including Jilin have in recent days called for increased imports of coal from Indonesia. * Indonesia is likely to miss its coal output target this year an Energy Ministry official said. Heavy rains in recent weeks are slowing mine and port operations in Indonesia. Coal production is expected to be 610-million tonnes in 2021, which is 2.4% below the ministry's target of 625 million tonnes. In January to September, coal production was around 450 million tonnes making up for 72% of the annual target. * Indonesia is now overwhelmingly China’s biggest overseas supplier of coal, with shipments hitting a record last month after Beijing loosened curbs on imports to tackle its power crisis. Cargoes of coking, thermal and brown coal from the Southeast Asian nation surpassed 21 million tonnes in September, from just over 17 million tonnes in August, and now account for about two-thirds of China’s total imports, according to customs data.

US Coal News:

* The price of coal has exploded this year as worldwide demand has surged, but mining operations in the United States are struggling to keep up. The price of central Appalachia coal averaged $73.25 per short ton, according to the U.S. Energy Information Administration’s most recent report. That is an increase of $2.20 from the week before, $7.45 from a month ago, and a 35% increase from earlier this year.

* Just when the world is clamouring for more coal, US suppliers are facing a shortage of miners. The number of coal miners in the US has been sliding for years, and is down about 8.6% from before the pandemic. People who have left are reluctant to come back and young people are even more wary about taking a job in an industry that they have consistently been told has no future given the global push toward clean energy. * US coking coal prices stayed firm this week, supported by the lack of spot availability for the rest of the fourth quarter, with loading dates for fresh spot offers shifting into January 2022 or later. low-volatile coking coal price has gone up on certain days of the week while the highvolatile coal price has also edged up by nearly $2.50/t reflecting increased supplier confidence to offer $400/t and above for spot availability. * Coal-fired electricity generation in the United States is expected to be higher this year compared to 2020 due to soaring natural gas prices and relatively stable coal prices, the U.S. Energy Information Administration (EIA) said in a statement. Coal production in the US has gone up significantly since last year and is expected to continue in the same trend even as thermal coal prices across the globe are skyrocketing.

Pet Coke News:

* Petcoke Price in the US has gone up significantly in September following the cyclone. The price hike was also supported by limited green anode coke availability. Meanwhile, exports of US petroleum coke rose 19.2% week on week to 395,635 mt. Panama was the top destination as it is set to receive the most US petcoke shipments followed by Japan and South Korea. * Indian petcoke demand has gone up as alternative fuels became more expensive even as prices of seaborne petcoke have remained high. The US petcoke price was indicated to be nearly $220/mt while new offers for India-delivered petcoke is $260/mt. Cement companies, among the largest importers of petcoke, are expected to import the product as the Indian government has directed coal supplies towards power plants due to high demand of the energy sector.

Shipping Update:

* Coal-starved power stations received another shock as the capesize index, the main dry bulk sea freight index of The Baltic Exchange sailed past the 10,000 points mark this week, a first in more than 13 years, making the rates for shipping dry bulk commodities such as coal costlier. Experts say that the upward trend will continue for some time. The overall index rose 4.4 per cent to 5,647 points. * Shipping container prices may be leveling off after a year of worsening service, threats of regulation, and complaints from retailers as prices skyrocketed. The cost of a 40-foot container declined modestly from $10,377 the previous week to 10,360 last week, or 0.2%, according to the World Container Index by Drewry, a London-based maritime research firm that tracks East-West routes. * Union Pacific’s third-quarter coal and renewable volumes rose 8.9% year on year to a two-year high on strong domestic coal demand, high natural gas prices, and an increase in coal exports. The Omaha, Nebraska-based company said in its Q3 earnings statement that coal and renewable carloads totaled 232,000 in Q3, up 17.2% from the prior quarter and up 8.9% from the year-ago quarter. * About 40% of all shipping containers entering the U.S. come through the Los Angeles and Long Beach ports where the logjam caused by long lines of cargo containers waiting to be unloaded, has interrupted the global supply chain and last week prompted the Biden administration to allow the port complex to operate 24 hours a day to try to get goods unloaded and out to consumers.