\nANANGEL FORTUNE<\/td>\n USA<\/td>\n Kandla<\/td>\n 01-11-2017<\/td>\n Thermal Coal<\/td>\n 123047<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n <\/p>\n
Pricing<\/strong><\/p>\nNow will talk about the pricing of which reporter has mentioned in article. As per their analysis \u201dA tonne of U.S. coal around New Delhi now costs 8,200-8,300 rupees ($126-$128) on online coal marketplace CoalShastra, up from 7,100-7,200 rupees two weeks ago\u201d.<\/p>\n
Here I want to rectify that this Price is for only US Origin NAPP Coal (6900 NAR). Don\u2019t confuse if you are selling US Origin other (6200 NAR \/ 5900 NAR), US origin MET coal or Canadian MET coal. There is different price for all these<\/p>\n
Secondly, 8200-8300 Price is offered by some of traders online and this price is Ex-Port Kandla\/Tuna\/Mundra. If you calculate cost at Delhi, you need to add Transportation which approx. 2500 INR per Ton. So, Actually, A tonne of U.S. coal around New Delhi now costs 10,700-10,800 rupees approx.<\/p>\n
If your exporter of US coal and offering to India market, please note that this price is equivalent CIF 108-110 USD (Don\u2019t confused with $126-$128). Please follow cost table for details.<\/p>\n
<\/p>\n
\n\n\nExchange Rate<\/td>\n \u00a0\u20b9\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a065.50<\/td>\n<\/tr>\n \nCIF Price in USD<\/td>\n \u00a0$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 108.00<\/td>\n<\/tr>\n \nPrime Cost<\/td>\n \u00a0\u20b9\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 7,074.00<\/td>\n<\/tr>\n \nCost<\/em><\/strong><\/td>\n\u00a0<\/em><\/strong><\/td>\n<\/tr>\n\nCustoms Duty (BCD) (2.50%)<\/td>\n \u00a0\u20b9\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 178.62<\/td>\n<\/tr>\n \nEdu Cess on Duty on BCD<\/td>\n \u00a0\u20b9\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 5.36<\/td>\n<\/tr>\n \nStevedoring Cost<\/td>\n \u00a0\u20b9\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 300.00<\/td>\n<\/tr>\n \nGST on Stevedoring<\/td>\n \u00a0\u20b9\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 54.00<\/td>\n<\/tr>\n \nIGST 5%<\/td>\n \u00a0\u20b9\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 362.63<\/td>\n<\/tr>\n \nCompensation Cess<\/td>\n \u00a0\u20b9\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 400.00<\/td>\n<\/tr>\n \nHandling Loss<\/td>\n \u00a0\u20b9\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 45.00<\/td>\n<\/tr>\n \nMisc. (Draft Survey, COA, USD transfer Fees, Insurance)<\/td>\n \u00a0\u20b9\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 30.00<\/td>\n<\/tr>\n \nCurrency Hedging cost (For 90days)<\/td>\n \u00a0$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 108.00<\/td>\n<\/tr>\n \nTotal Cost<\/strong><\/td>\n\u00a0\u20b9\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 8,557.61 <\/strong><\/td>\n<\/tr>\n\n<\/td>\n <\/td>\n<\/tr>\n \nInput credit of GST<\/em><\/strong><\/td>\n\u00a0<\/em><\/strong><\/td>\n<\/tr>\n\nGST on Stevedoring<\/td>\n \u00a0\u20b9\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 54.00<\/td>\n<\/tr>\n \nIGST 5%<\/td>\n \u00a0\u20b9\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 362.63<\/td>\n<\/tr>\n \nNet Cost without GST<\/strong><\/td>\n\u00a0\u20b9\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 8,140.98 <\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n <\/p>\n
My request to friends from Reuters, please re-validate the data before you publish anything which affects large group. And request to ET & MoneyControl please verify data before republishing<\/p>\n
Regards<\/p>\n
i-Energy<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Dear Friends, We all are in coal business and we always follow domestic market and international news to make a correct decision. Earlier in this week, I have read a news report on pet coke and demand on US coal article published by Reuters and same has been republished by ET & Money control. You […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"yoast_head":"\n
India's North American coal imports highest since 2015, seen up further on ban - i-Energy\u00ae<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n