CONTENTS
Snap Shot | Global Prices (USD/MT) 1
Snap Shot | Domestic Prices (INR/MT) 2
Non Coking Coal 3
Coking Coal 4
Met Coke 5
Pet Coke 6
Indian Statistics (Production/Export/Import) 7
Global Statistics (Production/Export/Import) 8
Global Price Indicators 9-10
Currency Indicators 11
Coal Monthly Review | Mar-2024
Snap Shot | Global Prices (USD/MT)
Assessment Feb'24 Jan'24 Dec'23 Nov'23 Oct'23 Sep'23
Non Coking, CNF Gangavaram, India, RB3 (4800 NAR), S.Africa $82 -4 - 12 - 25 - 32 - 21
Non Coking, CNF Gangavaram, India, RB2 (5500 NAR), S.Africa $96 -6 - 13 - 24 - 31 - 20
Non-Coking, CNF Kandla, India, 4800 GAR, Indonesia $85 -1 -3 -1 -2 +6
Non-Coking, CNF Vizag, India, 5000 GAR, Indonesia Origin $90 0 -2 -1 -1 +6
Non-Coking, CNF Kandla, India, 4200 GAR, Indonesia $69 -1 -3 -2 -3 +5
Non Coking, FOB Richards Bay, South Africa, RB1 (6000 NAR) $92 -4 - 12 - 24 - 37 - 26
Non-Coking, FOB Kalimantan, Indonesia, 4800 GAR $74 0 -1 0 -1 +7
Non-Coking, FOB Kalimantan, Indonesia, 3600 GAR $42 0 -1 -1 -1 +5
Non-Coking, FOB Kalimantan, Indonesia, 3400 GAR $37 0 -1 -1 -1 +5
Non-Coking, FOB Newcastle, Australia, 5500 NAR,0-50 mm $98 +3 +4 0 - 10 +5
Non-Coking, FOB Baltimore, USA, 6000 NAR,0-50 mm $70 -3 -5 -7 - 10 -8
Coking Coal, CNF Paradip, India, HCC 64 Mid Vol, Australia ,0-40mm $277 - 12 - 15 0 - 10 + 13
Coking Coal, CNF Paradip, India, Semi Soft, Australia $164 -5 -9 -4 - 36 - 28
PCI, CNF Paradip, India, Low Vol PCI, Australia $182 -6 - 10 - 19 - 36 -9
Anthracite Coal, CNF Paradip, India, Anthracite, Russia ,0-13 mm $171 +4 -4 -4 0 + 20
Coking Coal, FOB Hay Point, Australia, Premium HCC $316 - 16 - 10 -6 - 38 + 14
Coking Coal, FOB Hay Point, Australia, Semi Soft $149 -5 -6 -2 - 35 - 27
PCI, FOB Hay Point, Australia, Low Vol PCI,0-40mm $168 -4 -6 - 16 - 34 -7
Coking Coal, FOB Hampton Roads, USA, Low Vol HCC,0-40mm $264 -1 -8 +8 -1 + 23
Met Coke, CNF Hazira, India, 64% CSR, China ,25-90mm $359 -7 - 16 -7 - 12 + 20
Met Coke, CNF Haldia, India, 64% CSR, Japan origin $374 +4 +4 +4 +4 + 16
Nut Coke, CNF Vizag, India, Colombia-origin, Nut Coke, Colombia ,10-30
$354 +4 +4 +4 +4 + 16
mm
Met Coke, FOB Tianjin, China, 64% CSR,25-90mm $316 - 11 - 30 - 12 - 18 +6
Met Coke, FOB Tianjin, China, 62% CSR,25-90mm $312 - 11 - 30 - 12 - 18 +6
Pet Coke, CNF Kandla, India, 6.5% Sulphur, US,0-50 mm $117 0 -8 - 17 - 13 - 15
Pet Coke, CNF Vizag, India, 9% Sulphur, Saudi Arabia,0-50 mm $120 0 -8 - 17 - 14 - 16
Prices considered on monthly average basis.
Copyright@ 2009-2024 Pg | 1
Coal Monthly Review | Mar-2024
Snap Shot | Domestic Prices (INR/MT)
Assessment Feb'24 Jan'24 Dec'23 Nov'23 Oct'23 Sep'23
Non Coking, Portside, Ex-Gangavaram, India, RB2 (5500 NAR), S.Africa ₹8,600 - 464 - 864 - 2,008 - 2,739 - 1,850
Non Coking, Portside, Ex-Vizag, India, RB3 (4800 NAR), South Africa ₹7,300 - 592 - 1,100 - 1,996 - 2,378 - 1,562
Non Coking, Portside, Ex-Paradip, India, RB3 (4800 NAR), South Africa ₹7,400 - 508 - 959 - 1,871 - 2,178 - 1,385
Non Coking, Portside, Ex-Kandla, India, 4200 GAR, Indonesia ₹6,133 + 33 - 17 - 217 - 157 + 471
Non Coking, Portside, Ex-Navlakhi, India, 3400 GAR, Indonesia ₹5,117 + 17 + 17 + 17 + 167 + 517
Non Coking, Portside, Ex-Vizag, India, 5000 GAR, Indonesia ₹7,900 + 75 - 100 - 550 - 410 + 25
Non Coking, Portside, Ex-Kandla, India, 6900 NAR, US ₹11,625 - 375 - 375 - 1,335 - 1,375 + 750
Non Coking, Portside, Ex-Paradip, India, 6000 NAR, Russia ₹10,425 - 615 - 975 - 655 - 575 + 200
Met Coke, Exy-Jajpur, India, Blast Furnace-grade,25-90 mm ₹34,000 - 500 - 1,375 - 3,000 - 4,250 - 1,100
Met Coke, Exy-Gandhidham, India, Blast Furnace-grade,25-90 mm ₹33,500 - 500 - 875 - 2,500 - 3,875 - 1,100
Met Coke, Exy-Rajkot, India, Foundry-grade,+90 mm ₹36,500 0 - 750 - 2,600 - 4,000 - 1,700
Pet Coke, Exw-Koyali, Gujarat (Rake), Fuel, Indian Oil Corporation,0-50
₹11,470 - 710 - 1,610 - 2,510 - 2,060 - 2,520
mm
Pet coke, Exw-Jamnagar, Gujarat, Fuel, Reliance Industries,0-50 mm ₹13,172 0 - 374 - 1,337 - 488 - 1,157
Prices considered on monthly average basis.
Copyright@ 2009-2024 Pg | 2
Coal Monthly Review | Mar-2024
Non Coking Coal
Monthly Average Price Table
FOB
FOB FOB FOB
Richards
Kalimantan, Newcastle, Baltimore, Sentiments
Bay, South
Indonesia Australia US.
Africa
RB3 (4800 0-50 mm, 0-50 mm,
Month 4200 GAR
NAR) 5500 NAR 6000 NAR
Dec-22 92 126 138 170
Jan-23 85 116 134 140
Feb-23 74 98 128 113 What happened
Mar-23 74 97 124 96 • Indonesian thermal coal prices edged down to
$57/t in February'2024.
Apr-23 72 92 122 94
May-23 69 82 114 84 • South African coal prices fell m-o-m in
February'2024 to $63/t.
Jun-23 55 68 89 71
Jul-23 52 69 90 69 What may happen
Aug-23 51 77 88 72
• The South African thermal coal prices are
anticipated to pick up on supply constraints at
Sep-23 52 91 93 78
RBCT.
Oct-23 59 100 108 80
Nov-23 58 92 98 77 • Indonesian thermal coal prices may pick up as
demand from India is expected to rise towards
Dec-23 58 78 94 75
mid of March’24 due to onset of summer.
Jan-24 58 68 95 73
Feb-24 57 63 98 70
Note:
BCD - 1%, AIDC - 1.5%
FOB prices in USD/MT.
Copyright@ 2009-2024 Pg | 3
Coal Monthly Review | Mar-2024
Coking Coal
Monthly Average Price Table
FOB Hay FOB Hay FOB Hay FOB
Point, Point, Point, Hampton Sentiments
Australia Australia Australia Road, US
HCC 64 Mid 0-40mm, Low 0-40mm, Low
Month Premium HCC
Vol Vol PCI Vol HCC
Dec-22 263 244 253 261
Jan-23 315 293 302 294
Feb-23 368 336 330 326
Mar-23 346 309 308 316 What happened
Apr-23
May-23
274
232
243
206
240
203
265
233
• Australian Premium HCC prices dropped by 5%
in February 2024 to $316/t FOB.
Jun-23
Jul-23
230
232
202
200
192
174
211
221
• US coking coal prices fell marginally m-o-m in
February 2024 to $264/t, FOB.
Aug-23 253 220 157 215
What may happen
Sep-23
Oct-23
302
354
248
272
175
202
241
265
• Australian coking coal prices are anticipated to
fall on reduced downstream steel demand
Nov-23 322 261 184 256 from India.
Dec-23 326 274 174 272
Jan-24 332 273 172 265
Feb-24 316 262 168 264
Note:
FOB prices in USD/MT.
Copyright@ 2009-2024 Pg | 4
Coal Monthly Review | Mar-2024
Met Coke
Monthly Average Price Table
Exw-Jajpur, CNF Hazira, Nut Coke, CNF Exw-Tangshan,
Sentiments
India India India China
25-90 mm, Blast 25-90mm, 64% 10-30 mm, Nut 25-50mm,
Month
Furnace-grade CSR, China Coke, Colombia Quasi-Grade I
Dec-22 38,500 399 468 2,790
Jan-23 41,600 438 445 2,740
Feb-23 44,000 443 430 2,700 What happened
Mar-23 42,830 437 458 2,700 • Met coke prices edged down m-o-m to INR 34,000/t
for blast furnace grade Exw-jajpur.
Apr-23 40,900 417 465 2,540
May-23 37,830 364 465 2,130 • Domestic met coke prices are still expensive
compared to imported material.
Jun-23 35,500 307 431 1,880
Jul-23 33,900 310 380 1,920 • Merchant cokeries are operating at reduced capacity
due to high coking coal prices.Also, few cokeries have
Aug-23 33,000 329 380 2,140
been shutdown temporarily.
Sep-23 35,100 339 338 2,110
What may happen
Oct-23 38,250 371 350 2,260
Nov-23 37,000 366 350 2,230 • Indian met coke prices may fall further unless coking
coal prices are reduced enough for cokeries to fetch
Dec-23 35,380 375 350 2,420
margins.
Jan-24 34,500 366 350 2,310
Feb-24 34,000 359 354 2,210
Note:
5% GST
Incl-tax
Domestic prices in INR/MT. CNF prices in USD/MT. Domestic prices in RMB/MT.
Copyright@ 2009-2024 Pg | 5
Coal Monthly Review | Mar-2024
Pet Coke
Monthly Average Price Table
Exw-Koyali,
Exw-Jamnagar, CNF Mundra, CNF Kandla,
Gujarat (Rake), Sentiments
Gujrat India India
IOCL
0-50 mm, Fuel, 0-50 mm, Fuel, 0-50 mm, 9%
0-50 mm, 6.5%
Month Indian Oil Reliance Sulphur, Saudi
Sulphur, US
Corporation Industries Arabia
Dec-22 17,380 17,810 174 175
Jan-23 17,150 17,650 175 177
Feb-23 16,950 17,730 181 179
Mar-23 17,180 17,650 162 163 What happened
Apr-23
May-23
14,420
12,980
16,510
14,640
145
130
145
126
• RIL has kept prices stable on monthly basis at INR
13,170/t.
Jun-23
Jul-23
11,800
11,400
13,230
11,860
108
114
106
114
• US pet coke prices were largely unchanged in
February 2024 at $117/t.
Aug-23 12,610 13,180 127 127
What may happen
Sep-23
Oct-23
13,990
13,530
14,330
13,660
132
131
132
130
• Indian pet coke price may witness upward rise on
rising infrastructure demand.However, financial year
Nov-23 13,980 14,510 134 134 end may inhibit the increase.
Dec-23 13,080 13,550 125 125
Jan-24 12,180 13,170 117 117
Feb-24 11,470 13,170 117 117
Note:
GST 18%, TCS 0.1%
Domestic prices in INR/MT. CNF prices in USD/MT.
Copyright@ 2009-2024 Pg | 6
Coal Monthly Review | Mar-2024
Indian Statistics (Production/Export/Import)
% Change M-
Product Unit Quantity Latest Month Quantity Previous Month Total 2023
o-M
Production
Crude Steel MnT 12.51 January'24 12.14 December'23 3.05 137.08
Hot Metal MnT 7.55 January'24 7.36 December'23 2.58 85.21
Sponge Iron MnT 4.50 January'24 4.39 December'23 2.51 48.49
Non Coking Coal MnT 90.15 February'24 93.39 January'24 -3.47 903.56
Coking Coal MnT 6.43 February'24 6.35 January'24 1.26 65.03
Met Coke MnT 3.91 January'24 4.07 December'23 -3.93 45.26
Pet Coke MnT 1.10 September'23 1.25 August'23 -12.00 11.57
Lignite MnT 3.86 February'24 4.04 January'24 -4.46 42.07
Export
Pig Iron MnT 0.06 December'23 0.02 November'23 200.00 0.30
Met Coke MnT 0.01 December'23 0.02 November'23 -50.00 0.12
Import
Non Coking Coal MnT 14.81 February'24 14.45 January'24 2.49 176.41
Coking Coal MnT 4.68 February'24 5.18 January'24 -9.65 54.61
PCI Coal MnT 1.25 February'24 1.01 January'24 23.76 15.53
Anthracite MnT 0.12 February'24 0.12 January'24 0.00 1.88
Met Coke MnT 0.34 February'24 0.36 January'24 -5.56 3.83
Pet Coke MnT 1.43 February'24 0.81 January'24 76.54 11.90
Copyright@ 2009-2024 Pg | 7
Coal Monthly Review | Mar-2024
Global Statistics (Production/Export/Import)
Previous % Change M-
County Product Unit Quantity Latest Month Quantity Total 2023
Month o-M
Production
China Coal MnT 455.59 December'23 454.36 November'23 0.27 5167.75
China Met Coke MnT 41.28 December'23 40.37 November'23 2.25 489.54
Indonesia Coal MnT 46.95 December'23 66.56 November'23 -29.46 743.63
Japan Met Coke MnT 2.20 December'23 2.15 November'23 2.33 27.73
South Africa Coal MnT 20.79 November'23 20.28 October'23 2.51 214.23
Ukraine Met Coke MnT 0.22 August'22 0.19 July'22 15.79
Export
Non Coking
Australia MnT 15.24 February'24 17.05 January'24 -10.62 199.39
Coal
Australia Coking Coal MnT 12.24 February'24 10.80 January'24 13.33 147.93
China Met Coke MnT 0.79 December'23 0.81 November'23 -2.47 8.87
Non Coking
Indonesia MnT 27.46 January'24 32.41 December'23 -15.27 352.96
Coal
Indonesia Coking Coal MnT 1.98 January'24 3.14 December'23 -36.94 24.87
Indonesia Met Coke MnT 0.13 January'24 0.45 December'23 -71.11 1.57
Non Coking
South Africa MnT 5.61 January'24 6.14 December'23 -8.63 63.04
Coal
United Non Coking
MnT 3.45 December'23 3.19 November'23 8.15 38.92
States Coal
United
Coking Coal MnT 3.81 December'23 3.82 November'23 -0.26 46.53
States
United
Pet Coke MnT 4.12 December'23 2.29 November'23 79.91 38.49
States
Import
Non Coking
China MnT 15.33 December'23 14.66 November'23 4.57 148.22
Coal
China Coking Coal MnT 11.46 December'23 9.92 November'23 15.52 102.51
China Met Coke MnT 0.01 December'23 0.01 November'23 0.00 0.24
Non Coking
Japan MnT 11.14 January'24 10.47 December'23 6.40 113.60
Coal
Japan Coking Coal MnT 2.94 January'24 2.59 December'23 13.51 39.79
Non Coking
Pakistan MnT 0.58 February'24 0.89 January'24 -34.83 5.83
Coal
Non Coking
South Korea MnT 7.93 December'23 5.65 November'23 40.35 88.79
Coal
South Korea Coking Coal MnT 2.36 December'23 2.62 November'23 -9.92 24.15
Non Coking
Turkey MnT 2.69 January'24 3.37 December'23 -20.18 34.89
Coal
Turkey Coking Coal MnT 0.75 January'24 0.19 December'23 294.74 4.53
Copyright@ 2009-2024 Pg | 8
Coal Monthly Review | Mar-2024
Global Price Indicators
Copyright@ 2009-2024 Pg | 9
Coal Monthly Review | Mar-2024
Global Price Indicators
Copyright@ 2009-2024 Pg | 10
Coal Monthly Review | Mar-2024
Currency Indicators (USD)
Copyright@ 2009-2024 Pg | 11
Disclaimer:
CoalMint has taken due care and caution in compilation of content. Information is just for reference and is not intended for trading purposes or to address your specific
requirement. The content includes facts, views, and opinions of individuals. We and our content licensors do not guarantee or warrant the accuracy, completeness or timeliness of,
or otherwise endorse these views, and opinions. Users/Visitors discretion is advised based on their own independent enquiries, appraisals, wisdom and risks. CoalMint and its
affiliates, or its employees, directors or agents shall not be liable for any loss or costs or any action whatsoever arising out of use or relying on the spot prices disseminated.
www.coalmint.com
