non coking coal coking coal - steelmint.com

NON COKING COAL COKING COAL

MET COKE

TOTAL COAL IMPORT

PET COKE

INDIAN COAL IMPORT(Qty MnT)

Pg 01

COAL MONTHLY REVIEWR

AUG’20 SEP’20

2.81

1.43 1.631.03

1.440.77 0.95 1.03

0.69

5.45

2.171.62 1.60 1.59 1.52 1.29 1.12 1.05 0.75

6.19

11.94

12.43

AUG'20 SEP'20

4.34

5.17

AUG'20 SEP'20

0.66

0.71

AUG'20 SEP'20

0.17

0.26

AUG'20 SEP'20

17.24

18.92

AUG'20 SEP'20

COKING COAL MAJOR RECEIVERS QUANTITY (MT) NON COKING COAL MAJOR RECEIVERS QUANTITY (MT)

RECEIVER AUG'20SEP'20 M-o-MRECEIVER AUG'20SEP'20 M-O-M CHANGES

Pg 02


SAIL 1547662 897248 72%

VIZAG 563025 273495 106%

HALDIA 538974 353953 52%

DHAMRA 365310 222800 64%

PARADIP 80353 47000 71%

TATA STEEL 980251 1048058 -6%

DHAMRA 453957 848025 -46%

PARADIP 249399 101977 145%

HALDIA 151712 98056 55%

KAKINADA 77933 - N/A

GANGAVARAM 47250 - N/A

JSW STEEL 639742 1068004 -40%

JAIGARH 326403 371726 -12%

MORMUGAO 313339 532275 -41%

KRISHNAPATNAM - 164003 N/A

JINDAL STEEL & POWER 531931 322235 65%

PARADIP 308847 243785 27%

DHAMRA 128001 78450 63%

GOPALPUR 95083 - N/A

RINL 307955 484305 -36%

GANGAVARAM 307955 484305 -36%

BHUSHAN STEEL 187048 - N/A

PARADIP 108500 - N/A

VIZAG 78548 - N/A

ELECTROSTEEL 147857 16688 786%

DHAMRA 86140 16688 416%

HALDIA 61717 - N/A

TRAFIGURA INDIA 140298 44000 219%

DHAMRA 85645 44000 95%

VIZAG 32653 - N/A

PARADIP 22000 - N/A

VISA STEEL 57000 37554 52%

PARADIP 57000 37554 52%

OTHERS 630986 426482 48%

Grand Total 5170730 4344574 19%

ADANI ENTERPRISES 1574428 1355624 16%

HAZIRA 346124 209950 65%

GANGAVARAM 329271 164537 100%

DHAMRA 326435 - N/A

DAHEJ 219045 114330 92%

OTHERS 353553 866807 -59%

ADANI POWER 1225380 1309188 -6%

MUNDRA 1225380 1309188 -6%

SWISS SINGAPORE 887265 334287 165%

GANGAVARAM 309648 - N/A

KANDLA 244320 215337 13%

KRISHNAPATNAM 164977 - N/A

DHARAMTAR 113320 25000 353%

OTHERS 55000 93950 -41%

COASTAL GUJARAT POWER 870104 850046 2%

MUNDRA 870104 850046 2%

AGARWAL COAL 690707 972188 -29%

NAVLAKHI 223730 291110 -23%

DHARAMTAR 148370 90780 63%

TUTICORIN 114750 116510 -2%

KANDLA 112007 111200 1%

OTHERS 91850 362588 -75%

SEMB CORP GAYATHRI POWER 593492 299220 98%

KRISHNAPATNAM 593492 299220 98%

RELIANCE INDUSTRIES 429060 355265 21%

DAHEJ 192718 126150 53%

HAZIRA 164310 229115 -28%

BEDI 72032 - N/A

JSW ENERGY 382513 411635 -7%

MORMUGAO 196613 - N/A

JAIGARH 162500 164135 -1%

ENNORE 23400 82500 -72%

KRISHNAPATNAM - 165000 N/A

INDIA COKE & POWER 254735 294808 -14%

KRISHNAPATNAM 162460 163487 -1%

ENNORE 60500 - N/A

KANDLA 31775 - N/A

VIZAG - 54340 N/A

TUTICORIN - 76981 N/A

OTHERS 5520305 5759103 -4%

GRAND TOTAL 12427989 11941364 4%

Australian coking coal prices retreat on subdued buying, ample supply


INTERNATIONAL

Pg 03

India at this moment, may have limited

capacity in absorbing the surplus as the

country's steel demand is predicted to face a

sharp decline despite recent recovery from

In response to the import restrictions in

China, expectations are rife that more of

Australian coking coal could possibly be

targeted toward India.

automotive and white goods sectors, and

government infrastructure projects.

Besides, majority of the Indians only buy small

volumes of seaborne coking coal from the

spot market as the country's largest steel

manufacturers source coking coal through

fixed-price long-term contracts.

Australian coking coal prices continued their

downward trajectory for yet another week on

limited buying interest despite ample supply

availability in the Southeast Asian markets.

Meanwhile, oversupply concerns have

emerged following deferrals and cancellations

While Chinese steelmakers stayed on the

sidelines awaiting clarity on port restrictions,

ex-Chinese steelmakers showed no urgency

to book cargoes in hopes that offers could fall

further in light of the current market

weakness.

Despite several November laycan cargoes of

Australian premium coking coals being

offered at competitive prices, there is no

incremental demand to liquidate the excess

supply.

This is because there has not been any

significant improvement in steel product sales

across major countries importing coking coal

from Australia, viz. Japan, India and South

Korea.

of pre-contracted coal shipments by some

buyers in China, following the recently

rumored import ban on Australian coals.

Japan's Oct-Dec steel output set to fall by 11%Steel production in Japan during April-

September, the first half of the country's

current fiscal year, plunged by 26.8% year-on-

year to 37.1 mn t, according to the latest data

released by the Japan Iron & Steel Federation

on October 22.

Pulverized Coal Injection (PCI) & Semi Soft Coking Coal

Low Vol PCI 66.15 78.75 80.25

Mid Tier PCI 64.15 76.75 78.25

Semi Soft 60.65 73.25 74.75

FOB Australia CNF China CNF India

N.B.: Prices in US Dollar per tonne ($/t).

Cost concern prompts Indian buyers to shift from South African to Australian coal

India's steel demand likely to fall by 18% in 2020

Indonesian coal offers to India rise amid improved demand

CoalMint learned from market sources that

4200 GAR grade Indonesian coal is currently

Indonesian thermal coal offers to India have

moved up by $1-2/t this week amid increased

demand from power plants, chemical and

textile companies based in coastal belt in

India.

being offered at $34-36/t. Whereas, the 3600

GAR coal is at around $30/t, CFR Kandla

basis.

The freight for panamax vessel is assessed to

be around $9-9.5/t.US coking coal prices have started descending

in a bid to compete with lower offers from

Australian suppliers seeking to divert China-

bound cargoes following the rumored ban on

Australian coal imports.

Nevertheless, a surge in demand for US-

originated coking coals was lately being heard

as Australian suppliers withheld offers citing

weather-related uncertainties.

US coking coal prices descend in line with declining Australian prices

CoalMint's latest vessel lineup data (as on 21

Oct'20) reveals that a total quantity of

837,790t of Australian coking coal is expected

to reach various Indian ports by 30 Oct'20

incl. 259,500t at Dhamra (Odisha), 74,524t at

Gangavaram (Visakhapatnam), 116,266t at

Haldia (West Bengal).

This apart, a 30,000t coal shipment of

Australian PCI is also expected at Haldia port.

India Coal Import Shipment Vessel Lineup

Latest prices for the Premium HCC and the

64 Mid Vol HCC grades are assessed at

around $109/t (-$11/t w-o-w) and $102/t (-

$5/t w-o-w) FoB Hay Point, Australia.

For Indian buyers, these prices amount to

$122/t and $114/t respectively on CNF India

basis.

Price Assessments

In addition, Japan's production of crude steel

in October-December is projected to fall by

almost 11% to 21.1 mn t from a year earlier

because the continued impact of Covid-19,

according to the ministry of economy, trade

and industry (Meti).

International Non-Coking CoalFOB Prices (Average)

Indonesia (4200 GAR)

Australia (6000 NAR)


South Africa (6000 NAR)

Pg 04


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South African Coal Export Offers to India weakens amid Tepid Demand

Subsequently, the thermal coal demand for

lower grade coal from India is also one of the

key reasons for price variations in South

African prices.

The South African thermal coal export prices

especially that of lower grades, RB2 and RB3

have registered a plunge this week, going

down by around USD 4-5/MT, CoalMint

learned from market sources.

The non-coking coal prices of grade RB2 are

trending at USD 63-65/MT and that of RB3 it

is at USD 49-51/MT, FoB basis at RBCT port,

South Africa for March loading. While the

non-coking prices in the country increased

last month due to the supply disruptions from

heavy floods, the prices have retracted to the

previous levels.

South Africa is a key exporter of thermal coal

with the largest share of coal exports

(especially RB2 and RB3) going to India in

2019. Coal exports from the RBCT (Richards

Bay Coal Terminal) totalled 72 MnT in 2019,

down from 73.5 MnT in 2018, and 76.5 MnT

in 2017.

“The South African coal market is going soft.

The buying transactions this week were

limited in India and market is in a wait and

watch mode. Will the prices move down

further or sustain remains to be seen in next

two weeks”, quoted a market participant

based in India.

Panamax dry-bulk shipping freight rates from

the Richards Bay Coal Terminal (RBCT) to

India are in the range of USD 14 to 14.5/MT

whereas, for that of capesize, it is in the range

of USD 11-11.5/MT. The discounts for RB2

are continuing to be in the same range of USD

9-11/MT and that of RB2 it is USD 15-17/MT.

Currently, sponge iron (which is

manufactured using thermal coal as a

reducing agent) demand and prices in India

are moving down amid the remarkable fall in

scrap prices, that act as an alternative to

sponge iron for steel production in electric

furnaces. The recent outbreak of Corona virus

in China is also adversely impacting various

metals demand globally including that of steel

resulting which limited trade has taken place

this week.

Met Coke: Chinese producers trim output on dearth of met coal supply

Total metallurgical coke output among 230

independent coking plants in China fell

further by 23,200 tonnes/day or 4% from 2nd

February to 562,000 tonnes/day on 6th

February, as the plants had trimmed their

output owing to coking coal supply disruption

because of the novel coronavirus outbreak,

according to Mysteel — a China-centric

insight and global metal markets intelligence

providing company.

On Thursday, average coking capacity

utilization rate among the 230 coking plants

declined by another 2.6% from 2nd February

to 63.2%, and their total coking coal

inventories decreased 1.2 million tonnes or

8.9% from last Sunday to 12.7 million tonnes,

which will be sufficient for their 16.9 days of

consumption on average, or 0.9 day short of

that as of 6th February.

In case of South African coal, the buyers in

India are avoiding direct imports and are

rather opting to purchase from resellers that

have stock at ports, given the sufficient

availability.

"With enough thermal coal stock at port, buyers

have got the bargaining power during COVID

times”, quoted a sponge manufacturer based

in Central India.

The stock and sale offer of South African RB2

grade thermal coal at India's Gangavaram port

in east coast has come down by INR 100-

300/t this week and is assessed at INR 4,500 –

4,700/t. This excludes cess and GST.

India: 5500 NAR thermal coal price for September shipment

Gangavarm 4,400-4,450

Krishnapatnam 4,700-4,800

Haldia 5,400

Ex-port Price in INR/T

"There was no loading-unloading work at

Ganagavaram port last week as the material

there almost drowned. We have resumed our

work since Monday but demand is quite flat

because of high moisture in the material at

present", quoted a trader doing business at

Ganagavram port.

Heavy rains lashed the eastern parts of India

last week and has taken a toll on domestic

thermal coal trade especially at Ganagavaram

port. The torrential downpour in last ten days

have been a spoilsport for the portside trade

that had gained momentum at the start of

October. According to information on various trade

deals gathered by CoalMint, the average

selling price for RB2 coal at Gangavaram port

on 8-9 October (before rains started) was

around INR 4600-4650/t, which has now

fallen down to around INR 4,400-4,500/t.

Prices are exclusive of cess and GST.

However, with a clear weather forecast for

next two days, trade at Ganagavaram port is

anticipated to pick up, but most market

paricipants expect a festival lull is expected in

the market till Dussehra.

India: Heavy rainfall leads to limited trade and flat prices of RB2 grade coal at Gangavaram port

Portside prices for RB2 gets support at Haldia port

Portside prices for RB2 at Haldia port has not

fallen in proportion to the price drop at

Gangavaram and other major ports owing to

increased inquiries for thermal coal especially

from Nepal and several other factors like

higher waiting period (around 8-9 days) at the

port, limited stock available and no major

quantity coming to the port in the near-term.

Data maintained with CoalMint reveals that

85,000 tonne thermal coal (booked by Rungta

Mines and Shyam Group) is coming to Haldia

port by 26 October. Whereas, as on 15 Oct'20

thermal coal stock at Haldia port stood at 0.22

mn t. Around same time last year the stock at

Haldia port stood at around 1.20 mn t.

Near-term OutlookMarket experts anticipate that portside

thermal coal prices in India would pick up only

post Diwali festival in mid-November as the

onset of the dry season will culminate in

resumption of various industrial and

construction activities, subsequently leading

to increased coal demand. However, we

expect the market to remain relatively calm

for the remainder of October.

Buyers' sentimentsThe buyers from cement industry are

currently opting for high CV Australian coal

given its low prices amid distressed selling by

the Australian and Chinese sellers. This is

adversely impacting the portside trade for

South African coal.

In case of the sponge iron sector, although the

demand has picked up compared to previous

months, it has still not reached the pre-

pandemic levels. Also, due to sufficient

thermal coal stock of 15.4 mn t (as on 15 Oct)

at Indian ports, which was around 11.3 mn t

same time last year, the S.African coal market

in India has become a buyers' market.

Portside offers at Indian ports

Paradip

4,750-4,800

Rb1 price ex-Kandla at around INR 5,400/t.RB3 price ex-Gangavaram at around INR 3,700/t.

Prices are exclusive of cess and GST.

Market awaits clarification on rumored Chinese import ban on Australian coals

The rumor, widespread in the market after the

However, some market participants are

viewing this as a common practice by China to

reduce coal consumption in energy

consuming industrial sectors such as steel to

reduce pollution and carbon emission.

Chinese National Day holiday over October 1-

8, says that some domestic power plants and

steel mills have been orally notified of

temporarily suspending the imports of the

Australian coal, and no date has been

mentioned regarding the termination of the

initiative.

Coal market participants, both in and outside of China, are anxiously awaiting clarification of the widespread rumor on China's possible ban on Australian coal imports.

Up to 200 100

Above 200 500

Geological Reserve of Mine (inMnT)

Upper Ceiling of Upfront Amount (in INR Crore)

In order to deal with excess coal stock at its

mines, the company has substantially raised

the coal volume offered via auction route.

Evidently, the total quantity of 15.38 mn t put

across these two auctions in the first quarter

of FY21 (Apr-Jun'20) has already surpassed

South Eastern Coalfields Ltd (SECL), the

largest coal producing subsidiary of CIL, has

recently concluded exclusive and special

forward auctions for specific consumers, that

allow a little longer validity for coal lifting

than the traditional spot auction.

DOMESTIC

Commercial coal mining: NCI prices witness a sharp fall

Western Coalfields Ltd (WCL), the subsidiary

of CIL operating in Maharashtra, has recorded

coal sales through exclusive auction for the

first time since FY '18.

The auction envisaged specially for the non-

power sector was held on 14 Aug '20, where

3,860,000 t coal was offered. However, due to

The sole lot of coking coal from Tandsi colliery

fetched highest bid price of INR 3353/t, from

where 11,000 t was sold. In terms of highest

allocation, 60% of G10 grade non-coking coal

was lifted from Umrer Old siding where the

material was offered via rail mode of dispatch.

adverse market condition, only 134,200 t was

booked that too at the base price.

SECL concludes two auctions for extended coal supplies

Quantity in Metric Tonne (t)Prices in INR/t

Colliery

Grade

Quantity Offered

Quantity Booked

Reserve Price

Source-wise list of collieries fetching bids in the auction is tabulated below:

Bid Price

Tandsi UG

WG 4

20,000

11,000

3353

3353

Pouni-II EXP OCM

G8G10

500,000

10,000

2593

2593

Niljai OCM

G8G10

50,000

20,000

2593

2593

Singori OCM

G9G11

200,000

21,200

2225

2225

Umrer Old Siding

G10 100,000 60,000 1924 1924

Mohan Quarry OCM

G9G9

50,000

12,000

1848

1848

Pg 05


A Shanghai-based analyst, nevertheless,

expressed little surprise at the speculated

move by the Chinese authority.

"China's Customs will continue to strengthen

the supervision on imports of certain

products", said Li Kuiwen, spokesperson of the

General Administration of Customs (GACC)

said at the conference on October 13, in

response to the query of this matter, without

elaborating on either the products or origins

under the watch.

The latest assessment of the premium low-

volatile coking coal import price dropped by

$5/t from September 30 to $144/t CFR North

China on October 12.

Besides, China has also been painstakingly

reducing the proportion of fossil fuel in

energy generation so as to be more eco-

friendly by reducing pollutant and carbon

emission, and Xi Jinping, China President,

promised carbon neutralization in the country

by 2060.

"We have noted certain new restrictions on

coal imports", a Shanghai-based trader

admitted, "but we are still waiting for further

clarification from the related authorities on

whether this will be impacting the coal vessels

already on the way to China and those

queuing at the berths or just new bookings",

he added.

"Behind the speculated restriction could be

China's efforts to reduce imports of coal, as

China's energy consumption is largely fueled

by domestically-produced coal, and Beijing

has been optimizing the domestic supply by

commissioning advanced and large-sized coal

mine projects", he commented.

China's coal and lignite imports totaled 299.7

mn t in 2019, or 6.6% higher on year, GACC

data showed.

It is not surprising, though, the market

attention has been focusing on Australia, as

the country had been China's top coking coal

supplier by August or the second largest in

2019 after Mongolia, and coking coal is

Australia's third largest commodity too after

iron ore and liquefied natural gas.

This has not been the first year for China to

control imported coal either. As early as in

2018, China adopted some restrictive

measures too on noting the surge in coal

imports.

According to detailed data, China imported

220.8 mn t of coal and lignite including coking

coal over January-August, with about 30%

from Australia, but the proportion was much

higher where coking coal imports were

concerned, as the tonnage from Australia

totaled 31.6 mn t, or about 60% of the total

coking coal China imported over January-

August, according to data from GACC.

Besides, over January-September, China

imported 239.4 mn t of coal and lignite in

total, down 4.4% on year, according to the

latest data from GACC, but it was already

very close to the country's reported target of

containing the total volume within 270 mn t in

2020.

Whether being true or not, China's domestic

coking coal market has felt the less pressure

on imports, and the coking coal futures

market surged immediately to the rumor, with

the closing price of the most-traded January

2021 coking coal contract on the Dalian

Indonesia achieves 75% of its annual coal output by September

Indonesia's coal production by the end of

Sep'20 has totaled to 410.4 mn t, which is

75.08% of the country's full-year coal

production target of 550 mn t, according to

the Ministry of Energy and Mineral Resources

(ESDM) data released on Wednesday.

The Indonesia Coal Mining Association

(ICMA) has called on the country's coal

miners to cut down production this year to

help ease pressure on the price of the

commodity amid oversupply and COVID-led

weak demand.

In August, IrwandyArif, Special Staff of ESDM

said that the government of Indonesia may

approve proposals made by coal miners to

have upward revision of their initial 2020 coal

The country's coal exports in the first nine

months this year reached 219.8 mn t, or 56%

of the full-year target of 395 mn t.

Meanwhile, realized domestic market

obligation (DMO) by September end reached

86.1 mn t or 55.5% of the full-year DMO

target of 155 mn t.

Irwandy argued that such increase in coal

production would not undermine coal prices

as the miners have already secured buyers.

The government is currently reviewing the

2020 work plan and budget of coal miners,

some of which have proposed upward

revision in this year's initial coal production

target.

The government has initially set the country's

coal production target this year at 550 million

tonne. However, some market participants

had suggested the government to lower the

coal production to help prevent coal price

from declining further amid oversupply and

weak demand situation.

Irwandy earlier said that there are 30 coal

mining companies that have submitted

proposal to the Ministry of Energy and

Mineral Resources to revise upward their coal

production target this year.

production plans as long as the miners have

already secured sales contracts for the extra

output.

Commodity Exchange up first by 3.7% on

October 9 from the closing price of

September 30, the first working day after the

long National Day holiday in China on

October 1-8.

The DCE coal contract grew another 2.4%

from the closing price of October 9 to close at

CNY 1,343.5/t ($199/t) on October 12,

according to the exchange's data.


Up to 200 100

Above 200 500

Geological Reserve of Mine (inMnT)

Upper Ceiling of Upfront Amount (in INR Crore)

Evidently, the total quantity of 15.38 mn t put

across these two auctions in the first quarter

of FY21 (Apr-Jun'20) has already surpassed

In order to deal with excess coal stock at its

mines, the company has substantially raised

the coal volume offered via auction route.

South Eastern Coalfields Ltd (SECL), the

largest coal producing subsidiary of CIL, has

recently concluded exclusive and special

forward auctions for specific consumers, that

allow a little longer validity for coal lifting

than the traditional spot auction.

DOMESTIC

Commercial coal mining: NCI prices witness a sharp fall

Western Coalfields Ltd (WCL), the subsidiary

of CIL operating in Maharashtra, has recorded

coal sales through exclusive auction for the

first time since FY '18.

The auction envisaged specially for the non-

power sector was held on 14 Aug '20, where

3,860,000 t coal was offered. However, due to

The sole lot of coking coal from Tandsi colliery

fetched highest bid price of INR 3353/t, from

where 11,000 t was sold. In terms of highest

allocation, 60% of G10 grade non-coking coal

was lifted from Umrer Old siding where the

material was offered via rail mode of dispatch.

adverse market condition, only 134,200 t was

booked that too at the base price.

SECL concludes two auctions for extended coal supplies

Source-wise list of collieries fetching bids in the auction is tabulated below:

Basic difference involving calculation of NCI

and representative prices (RP) for various

grades is that the former accounts coal value

while the latter only accounts the coal volume

involved in the assessment.

Latest RP for the month of Aug '20 indicates

that prices have significantly fallen from Mar

'20, but despite the slight m-o-m rise from Jul

'20 particularly for top grade of non-coking

coal and almost entire range of coking coal

grades, these were still assessed higher than

the CIL notified prices.

Being a market driven index, NCI prices can

vary as seen in the recent months, yet the

participants would be expecting that it should

remain closer to the CIL price, in order to

remain competitive in the market.

After a temporary halt due to the request

made by nominated authority regarding

additional information from bidders, the

auction process is likely to resume with the

announcement of revised schedule.

Development of National Coal Index (NCI)

carried out to evaluate revenue share for coal

blocks underlined that the representative

prices derived from it were significantly

higher than the CIL notified prices.

However, sluggish demand in the market has

effectively bought down the index as

indicated in the latest notification issued by

Coal ministry.

Indices for various sub-sectors have

decreased from the levels seen in Mar '20,

determined on the basis of the price channels

viz. notified price, auction price and imported

price, with each playing a key role in the

mechanism.

Pg 06

Key findings:(a) It is pertinent to note that NCI is weighted

average of coal price based on the price level

of base period (FY '18).

(b) Index for bottom grade of coking coal

having greater weightage for notified price

and involving no import component, has

emerged superior among the other sub-

sectors.

On the other hand, index for top grade of

coking coal providing greater weightage to

import prices, has dropped significantly in line

with the decline in international coal prices.

( C) Relatively better price strength for

bottom grade providing nearly equal

weightage to notified and auction prices was

also noticed in case of non-coking coal, as it

depicted linear movement than the top and

middle grade baskets.

Representative price edging closer to CIL notified price

Grades Mar'20 Apr'20 May'20 Jun'20 Jul'20 Aug'20

G1 8568 6323 6251 5906 5920 5940

G2 4549 4237 4167 3837 3850 3870

G3 4350 4022 3936 3636 3667 3711

G4 4401 3934 3848 3525 3617 3618

G5 4042 3772 3612 3358 3371 3371

G6 3651 3476 3370 3154 3039 3089

G7 2619 2589 2595 2495 2490 2452

G8 2485 2426 2436 2327 2304 2314

G9 2154 2080 2056 1975 1967 1936

G10 1975 1826 1855 1726 1781 1728

G11 1474 1478 1476 1408 1399 1386

G12 1369 1292 1288 1246 1225 1219

G13 1270 1267 1260 1210 1180 1186

G14 1098 1087 1072 1026 1002 1003

G15 830 774 774 785 760 785

G16 723 603 603 629 603 813

G17 535 535 535 531 531 535

S I 10949 12046 11579 9893 8296 8393

S II 9942 10937 10513 8983 7533 7621

W I 5790 5790 5790 5790 5790 5790

W II 5156 5156 4839 4930 4427 4427

W III 4413 3873 3708 3604 4110 4247

W IV 3180 3066 3074 2999 3023 3004

Prices in INR/t l “G” pertains to non-coking grades l “S” and “W” pertains to steel and washery grades of coking coal

Pg 07


CIL Performance in September 2020

Production

40.51

Offtake

46.46

International Non-Coking Coal FOB Prices (Average)




International Non - Coking Coal Average Prices (CFR India) Country/Grade

South Africa 6000 NAR

South Africa 5500 NAR

Indonesia 4200 GAR

Indonesia 3600 GAR

Sep'20 Aug'20 Jul'20

70.3 67.06 66.30

57.3 52.9 52.4

32.6 33.3 32.0

27.7 28.2 26.6

Australian Premium HCC Monthly Average Price

Fo

B P

rice

s in

US

D Indonesia (3600 GAR)

10.58

9.268.50

4.83

2.82 2.512.01

0.00

11.98

9.27

10.40

5.73

2.88

3.77

2.42

0.000.00

2.00

4.00

6.00

8.00

10.00

12.00

14.00

MCL NCL SECL CCL ECL WCL BCCL NEC

147.88 147.32

138.28

135.38

147.1

154.25

160.50

135.31

113.13111.50

112.45

107.28

121

88.00

94.00

100.00

106.00

112.00

118.00

124.00

130.00

136.00

142.00

148.00

154.00

160.00

166.00

172.00

Jun’20 Aug’20 Sep’20Sep’19 Oct’19 Nov’19 Dec’19 Jan’20 Feb’20 Mar’20 Apr’20 May’20 Jul’20


30

35

40

45

50

55

60

65

70

75


22

24

26

28

30

32

34

36

38


17

19

21

23

25

27


COAL Monthly REVIEW [ Oct 2020]

Report By -Abdul Sayeed Khan(Associate-Research, CoalMint)Email Id: [email protected]

HEAD OFFICE#301, Jeevan ParisarRajeev NagarBehind Crystal ArcadeRaipur - 492007 (C.G) IndiaTel: +91-9770056666

BRANCH OFFICENarayani BuildingRoom No. - 1F, 2ASarat Bose RoadKolkata - 700020, IndiaTel: +91-7044070530

Aditya Sinha (Analyst, CoalMint)

Disclaimer: SteelMint has taken due care and caution in compilation of content. Information is just for reference not

intended for trading purpose or to address your particular requirement. The content includes facts, views, and opinions

are of individuals and not that of the SteelMint management. We and our content licensors do not guarantee or

warrant the accuracy, completeness or timeliness of, or otherwise endorse these views, and opinions. SteelMint and its

affiliates, or their employees, directors or agents shall not be liable or responsible for any loss or costs or any action

whatsoever arising out of use or relying on the spot prices disseminated.

R

Australian Coking Coal Prices

Australian coking coal prices have increased sharply throughout Sept'20, as multiple spot bookings were concluded and higher bids emerged for premium-grade coals in China.

What Happened

Near-term Chinese demand depends on the easing of customs clearances, as the narrowing arbitrage between domestic-seaborne prices may hamper buying interest for imported coking coal.

What May Happen

Indonesian Coal Prices

Indonesian low-calorific value coal prices moved up by 5% in Sep'20 in line with rising coal prices in the global market triggered by signs of demand recovery in China and Japan.

What Happened

South African Coal Prices

S. African thermal prices moved up by 6.25% in Sept'20. The prices rallied towards month-end amid the news of Australian mine closures for three weeks starting 25th Sept'20 and improvement in overall market sentiments.

What Happened

Amid sluggish demand from South India but good demand from Pakistan and overall positive market sentiments, S. African coal prices are likely to remain stable in Oct'20 with minor fluctuations.

What May Happen

Indonesian coal export prices are likely to increase in Oct'20 as demand increases during the winter season (Oct-Dec) in the importing countries. Also, Chinese buyers are back for import bookings as their quotas are set to renew in Jan'21.

What may Happen

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