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Clse 1:20-bk-12043 Doc 281-1 Filed 08/26/20 Entered 08/26/20 10:01:13 Desc <br />COAL TRADER THURSDAY, AUGUST 13, 2020 Exhibit A Publications Page 21 of 35 <br />Asia met coal prices rangebound; bookings <br />seen in FOB market <br />■ Bookings seen in FOB market, CFR China quiet <br />■ Chinese buyers seek for imported coke <br />Singapore -Asia-Pacific metallurgical coal prices were left mostly <br />rangebound Aug. 13, despite new bookings reported on FOB <br />Australia basis. <br />S&P Global Platts assessed Premium Low Vol up 25 cents/mt at <br />$105.75/mt FOB Australia Aug. 13, while PLV CFR China was flat at <br />$118.00/mt CFR China. <br />The spot market saw two Australian hard coking coal bookings <br />done Aug 13 in the FOB market. <br />An Australian Premium Low Vol Peak Downs was concluded at <br />$109/mt FOB Australia, 75,000 mt with Sept. 6-15 laycan. Another <br />booking was a 75,000-mt cargo of an Australian Premium Mid Vol with <br />brand options such as Goonyella at $101.25/mt FOB Australia, or Peak <br />Downs North or Riverside at $100.25/mt FOB Australia with Sept. 11-20 <br />laycan. <br />Despite the brief respite in prices, market sources said with China <br />now out of the spot market, some sporadic demand from India may do <br />little to support prices. <br />Meanwhile, Australian producers were understood to be still <br />holding on to September laycan cargoes, giving themselves a shorter <br />timeframe to perform the necessary spot sales should they be unable <br />to roll their laycan to the next month, sources said. <br />"I expect to see spot prices enter a double digit environment <br />should Chinese buyers continue to stay out;" an ex -China end-user <br />said. <br />A major Chinese steelmaker said it was also too soon to consider <br />using 2021's quota at this junction. "We do not have quota left for the <br />year and wouldn't even dare to be looking at 04 laycan right now;' the <br />end-user said. <br />In the coke segment, Chinese domestic coke prices remained <br />unchanged despite calls for prices to adjust upwards by Yuan 50/mt. <br />The slowness in acceptance was due to mills sustaining a desirable <br />level of coke inventory, sources said. <br />Platts assessed domestic coke with 12.5% Ash DDP North China at <br />Yuan 1,890/mt Aug. 13, flat on the week, or at the equivalent of <br />$280.42/mt FOB China, up 2 cents/mt on the week Aug. 13. <br />Meanwhile, Chinese steelmakers continue to look for imported <br />coke, placing a tradable range for Australian coke between $250-$255/ <br />mt CFR China, excluding 13% tax. Market sources said that the spot <br />supply of metallurgical coke have been lesser compared to flow seen <br />in 02 as supply have been diverted to term contracts, lending support <br />to global coke prices. Offers to China have been indicated above $260/ <br />mt CFR China, excluding 13% tax from various regions including Polish <br />and Australian coke, sources said. <br />- Yi-Le Weng, Jessie Li <br />@ 2020 S&P Global Platts, a division of SSP Global Inc. All rights reserved. 1 4 <br />PLATTS DAILY METALLURGICAL COAL ASSESSMENTS, AUG 13 <br />Atlantic coking coal ($/mt) <br />Detailed methodology and specifications are found here: http://platts.com/IM.Platts.Contentr <br />M e.hodo IogyReferences/M ethodologySpecs/metcoal m ethod.pdf <br />SPOT DRY BULK FREIGHT ASSESSMENTS, AUG 13 <br />Platts symbol <br />FOB US <br />Chg <br />Capesize <br />$/mt <br />Symbol <br />East Coast <br />Change VM Ash <br />S <br />Low Vol HCC <br />AAWWR00 <br />102.50 <br />1, 19.25% 8.25% <br />0.95% <br />High Vol A <br />AAWWS00 <br />l OS.Ob_ <br />32.25% 7.5% <br />0.95% <br />High Vol B <br />AAWWT00 <br />97.00 <br />36% 896_ <br />1% <br />CDRK300 <br />12.15 <br />CFR NW Europe <br />Change VM Ash <br />S <br />PLV NetForward <br />PLVHE00 <br />119.05 <br />+u'1r 21.5% 9.3% <br />0.50% <br />Asia-Pacific coking coal ($/mt) <br />Richards Bay -India West <br />CSAKLOO <br />12.70 <br />n 1 u <br />Kalimantan -India West <br />FOB Australia <br />Change VM Ash <br />S <br />Premium Low Vol <br />PLVHA00 <br />105.75 <br />, o , , 21.50% 9.3% <br />0.5% <br />HCC 64 Mid Vol <br />HCCAUOO <br />85.50 <br />25.50% 9.0% <br />0.6% <br />US low -vol HCC Penalties & Premia; Differentials ($/mt) <br />.uz= <br />USEC-India <br />C6BUI00 <br />31.25 <br />% of US low -vol <br />USEC-Rotterdam <br />CDBUR00 <br />15.50 <br />Within <br />HCC FOB USEC <br />Net value <br />18.25 <br />Min -Max <br />assessment price <br />($/mt) <br />Per I% CSR <br />Australia -China <br />50-64% <br />0.50% <br />0.51 <br />Australia -India <br />CDBFAIO <br />40-49% <br />0.50% <br />0.51 <br />Per 0.1%S <br />0.00 <br />0.70-1.05% <br />0.75% <br />0.77 <br />12.15 <br />-0-0 <br />1.06-1.25% <br />1.30% <br />1.33 <br />Per 1 % TM (as received) <br />6-11% <br />1.00% <br />1.03 <br />Per 1%Ash <br />5-10% <br />1.25% <br />1.28 <br />Detailed methodology and specifications are found here: http://platts.com/IM.Platts.Contentr <br />M e.hodo IogyReferences/M ethodologySpecs/metcoal m ethod.pdf <br />SPOT DRY BULK FREIGHT ASSESSMENTS, AUG 13 <br />PLATTS PHYSICAL THERMAL COAL NETBACKS, AUG 13 <br />Platts symbol <br />$/mt <br />Chg <br />Capesize <br />$/mt <br />Chg <br />Coal ($/mt) <br />Australia -China <br />CDANC00 <br />10.05 <br />- ... <br />Queensland -Japan <br />CIGAJ00 <br />10.30 <br />CSARM01 <br />New South Wales -Korea <br />CINAK00 <br />11.80 <br />o <br />Bolivar -Rotterdam <br />CIBC1100 <br />9.85 <br />5,750 <br />Roberts Bank -Japan <br />CDRK300 <br />12.15 <br />sn <br />Richards Bay -Rotterdam <br />CIRBN00 <br />7.85 <br />NAR <br />Panamax <br />53.05 <br />o 10 <br />Panamax Freight ($/mt) <br />Richards Bay -India West <br />CSAKLOO <br />12.70 <br />n 1 u <br />Kalimantan -India West <br />CSAKP00 <br />9.15 <br />os <br />Richards Bay -India East <br />CSAKN00 <br />12.90 <br />0.10 <br />Kalimantan -India East <br />_ _ _ <br />CSAKR00 <br />7.75 <br />u.ot, <br />Ventspils -Rotterdam <br />CILTN00 <br />IO.0b_ <br />.uz= <br />USEC-India <br />C6BUI00 <br />31.25 <br />2. <br />USEC-Rotterdam <br />CDBUR00 <br />15.50 <br />Richards Bay -India West <br />Mobile -Rotterdam <br />CDMAR00 <br />18.25 <br />Roberts Bank -Japan <br />CDRBK60 <br />16.10 <br />Australia -China <br />CDBFA00 <br />13.50 <br />Australia -India <br />CDBFAIO <br />15.15 <br />Supramax <br />0.00 <br />Richards Bay -Port Qasim <br />CRBPB00 <br />12.15 <br />-0-0 <br />South Kalimantan-Krishnapatnam <br />CISKKee <br />7.75 <br />- <br />PLATTS PHYSICAL THERMAL COAL NETBACKS, AUG 13 <br />Code <br />CV <br />Basis <br />Sulfur <br />$/mt <br />Chg <br />Coal ($/mt) <br />(kcal/kg) <br />CIF ARA <br />CSARM01 <br />6,000 <br />NAR <br />1.0% <br />48.95 <br />-1.00 <br />Platts NEAT <br />3KTCA00 <br />5,750 <br />NAR <br />1.0% <br />54.43 <br />CFR India West <br />CIWCI00 <br />5,500 <br />NAR <br />0.8% <br />53.05 <br />o 10 <br />Panamax Freight ($/mt) <br />USEC-Rotterdam <br />CDBUROO <br />15.50 <br />Mobile -Rotterdam <br />CDMAROe <br />18.25 <br />Roberts Bank -Japan <br />CDRBKOO <br />16.10 <br />�. <br />Richards Bay -India West <br />CSAKL00 <br />_ _ <br />12.70 <br />.0!0 <br />Penalties & Premia ($/mt) <br />Per 0.1 % Sulfur (USGC) <br />COPAP00 <br />0.00 <br />Total S discount (USGC) <br />COPBP00 <br />0.00 <br />Netbacks ($/St) <br />FOB US East Coast* <br />COUS000 <br />12,500 <br />GAR <br />1.0% <br />33.72 <br />-1 o1 <br />FOB US Gulf Coast* <br />COUGU00 <br />11,500 <br />GAR <br />2.9% <br />28.37 <br />-0.92 <br />FOB Vancouver* <br />COvcueo <br />b,800 <br />GAR <br />0.8% <br />27.88 <br />uF. <br />Netbacks($/mt) <br />FOB Richards Bay <br />CSEUW00 <br />6,000 <br />NAR <br />0.8% <br />45.88 <br />- o 33 <br />* CV = Btu/Ib <br />