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 239.00 INR 19718 -67.60 SouthAfrica 5500NAR USD 169.77 INR 14006 -40.77

Australia 5500NAR USD 158.54 INR 13079 -35.03 Indonesia 5000GAR USD 130.91 INR 10800 6.87 Indonesia 4200GAR USD 91.45 INR 7544 4.03

Indicative Pet Coke Price

PET COKE Sulphur Price

Weekly Change ($) India-RIL(Ex-Ref.) -5% INR18112 (INR) 2413 SaudiArabia(CIF) +8.5% INR16479($200.00) 23.00

USA(CIF) -6.5% INR16253($197.00) 21.00 Exchange Rate Change (Weekly)

INR 82.50 2.15

Indicative Coking Coal Price

Current Week

Weekly Change (USD)

Premium Low Vol Low Vol HCC Semi SoftLow Vol PCI Mid Tier PCI MET COKE 62% CSR FOBAus CFRChina FOBAus CFRChina FOBAus FOBAus FOBAus CFRIndia FOB NChina 290.25 306.75 271.69 258.75 246.31 286.56 284.56 442.25 401.00

23.50 11.58 23.69 10.60 25.11 20.86 20.86 15.35 6.00

Indonesian Coal News:

*Indonesia's coal exports to European Union countries has increased throughout September, which coincides with the upcoming winter season. Indonesia's cumulative exports in the period between January to September increased by 33.49 percent when compared to the same period the previous year to US$ 219.35 billion. While the highest increase in the mining and other sectors amounted to 91.98 percent. These non-oil and gas exports accounted for 94.46 percent of Indonesia's total exports. For Poland, coal exports from Indonesia increased by 95.47 percent. But in Italy, it has decreased by minus 4.31 percent.

*A climate fund has agreed to work with Indonesia to retire up to 2GW of coal-fired power over the next 5-10 years, under a pilot scheme to shift the country from coal to clean energy. The Climate Investment Funds’ (CIF) governing board has approved Indonesia’s investment plan for how it will spend $500 million in concessional funding designed to unlock public and private investments to rid the economy of coal. However, phasing out coal would be difficult for Indonesia. The country is the world’s largest coal exporter. In 2021, the south-east Asian nation exported 441.5 million tonnes of coal, about a third of global coal exports.

Australian Coal News:

*A global rally in coal prices has been a boon for Australian miners of the commodity, potentially boosting supply from the world's No. 2 exporter of the fuel even as international efforts to cut greenhouse emissions gather pace. Australian coal producers such as Whitehaven Coal, Yancoal and New Hope Group have been able to tap surging demand, with

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the startling windfall gain prompting some miners listed on the Australia Securities Exchange to hand out hefty dividends, as well as buying back shares despite soaring stock prices.

*Supply chain and geopolitical issues are making Australia an even more attractive proposition for investment in the coal mining and resources sector according to financial experts. A major focus for investors right now is the mass-decarbonisation across the entire mining value chain, but global hurdles are slowing efforts and putting an emphasis back on cost-effective fuel such as coal.

South African Coal News:

*South Africa’s Coal Export to the EU has gone 582.7% during the January-September period in 2022. Export volumes from South Africa had steadily declined in the past decade, as it was penalized by declining coal demand in the Atlantic basin, the country’s distance from the more resilient East Asian markets, as well as limitations on output and railway and port capacity also had their impacts. In the first 9 months of 2022, South Africa exported 47.8 mln tonnes of coal, down - 1.0% y-o-y. However, Coal exports from South Africa to the European Union surged by 582.7% y-o-y in JanSep 2022 to 9.6 mln tonnes, from just 1.4 mln t in the same period of 2021.The EU is now again the second largest destination for South African coal after India, with a 20.0% share.

*South Africa’s cabinet has approved an investment plan for an $8.5 billion package to accelerate the country’s transition away from coal and towards clean energy. In a short statement, the cabinet said the plan outlines the investments required to achieve the decarbonisation commitments made by the government of South Africa while promoting sustainable development. The plan, expected to be published at next month’s COP27 climate summit, follows nearly a year of negotiations between the governments of South Africa and the UK, EU, US, France and Germany, which are contributing funds.

European Coal News:

*European coal prices will likely decline from this year’s elevated levels to below USD 250/t for much of next year as consumption declines and supply levels improve, according to analysis firm McCloskey. This was largely due to an anticipated decline in overall coal consumption, particularly for the world’s leading consumer China. China’s already on track to reduce their consumption by about 55m tonnes this year. There are also expectations of improved coal supply availability. This will mostly come from low CV suppliers like Indonesia. While Europe formerly imported 60-70% of its thermal coal requirements from Russia, it has since depended upon alternative suppliers such as South Africa, Colombia and even as far afield as Indonesia and Australia.

*Coal inventories at northwestern European ports have fallen by more than 5% during mid-October to their lowest point since late May as utilities increased withdrawals to inland storage. Combined inventories at four key terminals in Amsterdam, Rotterdam and Antwerp (ARA) were assessed at 5.91m tonnes, lowest since 30 May. This was down sharply from levels in mid-August, which had reached near threeyear highs of 7.17m tonnes.

US Coal News:

*U.S. coal-fired generation is declining in 2022 after a brief rise last year and is expected to drop by 6% compared to 2021, experts say. Although coal-fired generation declined each year between 2014 and 2020, it rose 16% in 2021 as a result of increased electricity demand and higher natural gas prices following the pandemic. This year, the share of natural gas in power generation is expected to grow by 1% to 38% despite its rising price. Coal production will increase by less than 2% during 2022, and much of that gain will be from exports. It is expected that the share of generation provided by coal will return to 20% in 2022, down from 23% last year.

*US coking coal exports fell to a seven-month low in August, largely because of lower shipments to China, while shipments to the rest of the world were higher than a year earlier but slipped from the