Monthly Summary Of Imported Coal & Petcoke

Indicative Imported Coal Price

COAL (kcal/kg) Weekly Price - FOB Weekly Price - FOB Weekly Price (USD) SouthAfrica 6000NAR USD306.60 INR24635 -17.40 SouthAfrica 5500NAR USD210.54 INR16917 -31.92

Australia 5500NAR USD193.57 INR15554 -3.14 Indonesia 5000GAR USD124.04 INR 9966 17.93 Indonesia 4200GAR USD 87.42 INR 7024 12.42

Indicative Pet Coke Price

PET COKE Sulphur Price Weekly Change ($) Exchange Rate Change (Weekly) India-RIL(Ex-Ref.) SaudiArabia(CIF) -5% +8.5% INR15699 INR14222($177.00) (INR)-3017 -1.00 INR80.35 0.56

USA(CIF) -6.5% INR14158($176.00) 4.00

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 266.75 295.17 248.00 248.15 221.20 265.70 263.70 426.90 395.00

26.88 6.49 72.75 -3.54 30.08 27.70 27.70 5.90 -18.38

Indonesian Coal News:

*Indonesian coal miners are racing to boost production amid record prices and rising demand from Europe ahead of winter following a ban on the fuel from Russia. Miners in Indonesia do not typically ship to Europe, with China, India and some other Asian nations remaining their top export destinations. But the European Union prohibition on coal from Russia, which took effect in August, and that country's shutdown of some gas supplies to the continent amid the war in Ukraine have left European buyers scrambling for coal from as far away as Indonesia.

*The United States and Indonesia have agreed on a framework to accelerate Indonesia’s transition to renewable energy in the recently conducted G20 Joint Environment and Climate Ministerial Meeting in Bali. The two nations have also agreed on the urgency of decarbonizing energy systemsby accelerating the shift from coal to renewable electricity generation, including by rapidly increasing renewable energy deployment through policy reforms intended to hasten new renewables capacity growth, reduced coal generation and coal retirement, and end-use efficiency, while strengthening efforts to reach universal, affordable, and reliable access to energy.

Australian Coal News:

*Australian Prime Minister Anthony Albanese has assured the resources industry that the country will remain a major exporter of fossil fuels under his leadership. Albanese said the federal government would work with the industry to lower its emissions but had no intention to limit coal and gas exports.

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Australia will continue to be a trusted and stable supplier of energy and resources to our key trading partners, the Prime Minister noted.

*Climate change could be a double-edged sword for Australian coal, experts say. Australia's earnings from the sale of coal have hugely increased both due to conflicting geopolitical situations. The war in Ukraine is a key factor in boosting benchmark Asian coal prices, which recently hit a new high. But some very unusual weather is also shutting mines and transport links in Australia. In the short term Australia, one of world’s two top coal exporters, and coal miners like Glencore will benefit from higher coal pricing but frequent extreme weather events, may mean more price volatility for mined commodities like coal too.

South African Coal News:

*The prospects for anthracite are looking very good in South Africa, especially in terms of market value and having demand coming from different parts of the world, coal majorManer said. South Africa, which produces about three-million tons of anthracite a year, is one of the countries benefiting from access to new lucrative markets. Sixty per cent of South African anthracite is exported from Richards Bay and Durban and 40% is used domestically for sintering, ferroalloys, and electrode paste.

*A tight energy market — made worse in recent week after Russia’s state-owned natural gas exporter Gazprom closed its main pipeline to Germany — has been a boon for South Africa’s coal exporters, which have enjoyed higher prices amid stronger demand. Thungela South Africa’s largest exporter of powerstation coal recorded a stunning leap in earnings in the first half of 2022.

European Coal News:

*European imports of thermal coal could be the highest in at least four years in 2022 and may rise further next year, analysts said. Europe's imports of thermal coal in 2022 could rise to about 100 million tonnes, the most since 2017 while shipments are expected to reach a four-year high. Global supply of seaborne thermal coal is estimated at 983 million tonnes. Increase in supply this year is expected from Indonesia while Australian output drops due to heavy rain.

*Europe’s efforts to break its dependence on Russian energy have helped soaring demand of coal, with many EU nations turning toward coal as a substitute for natural gas, the price of which has risen even more steeply and supplies of which are running short. Germany, which previously planned to phase out coal by 2038, has also shunned climate-friendly nuclear power — now finds itself turning to coal as well. Other EU countries, including France, the Netherlands, Spain, Italy, Greece, Czech Republic, Hungary and Austria, are also extending the lifetimes of coal plants scheduled for closure, reopening closed plants or raising caps on working hours of coal plants to reduce gas consumption.

US Coal News:

*Total U.S. coal production rose in the second quarter compared to a year earlier, and a sustained rise in demand for the fuel used in domestic and power generation allowed companies to increase their worker head counts. On a year-over-year basis, average employment rose 11.3% in the second quarter, and coal volumes improved about 2.0%. The average number of employees in the U.S. coal sector has gradually increased over the last four quarters. Second-quarter employment rose 1.5% to 43,358 compared to the previous quarter, even though coal production volumes fell by 2.5% to 145.5 million tons.

*The United States' Department of Energy (DOE) is looking into the possibility of converting coal power plant sites to nuclear in a bid to boost the country's net zero drive.The DOE has released a report after screening recently retired and active coal plant sites. The study team identified 157 retired coal plant sites and 237 operating coal plant sites as potential candidates for a coal-to-nuclear transition. This coalto-nuclear (C2N) transition could add a substantial amount of clean electricity to the grid, helping the United States reach its net zero emissions goals by 2050.