Under the Ministry of Coal Industry of Kuzbass, in January-February 2022 coal mining enterprises in Kuzbass produced 38.0 mio t of coal (+0.8 mio t or +2.2% y-o-y). The production of coking coal during this period decreased to 10.6 mio t (-0.3 mio t or -2.8% y-o-y), whereas thermal coal extraction volumes amounted to 27.4 […]

Over the past week, thermal coal indices in the European market spiked above 315 USD/t, subsequently pulling back to 290 USD/t, following the current high volatility, uncertainty in the gas market, rising gas prices and a decline in wind generation amid the ongoing coal supply shortage in global markets. As of March 23, 2022, Germany’s […]

Following international sanctions and Russia’s disconnection from the SWIFT system caused by the military operation in Ukraine, Russia and India are considering the possibility of creating a mechanism for trade settlements in national currencies. The scheme is being developed under the auspices of Russian Central Bank and the government of India and may have a […]

Uncertainty over Russian commodities supplies, resulting from fears of sanctions on coal, oil and gas exports to Europe, which emerged after Russia launched its military operation in Ukraine, led to a sharp spike in API2 index in March 2022 to historic highs above 400 USD/t amid soaring gas prices above 2,500 USD/1,000 m3 and rising […]

Last week, the quotations of thermal coal in the EU again pulled back from the historical highs below 295 USD/t amid easing fears of Russian supply disruptions, owing to the positive developments in the negotiations between Russia and Ukraine. The entire energy market in Europe, including oil and gas prices, also showed a decline. At […]

This week, the European Union summit unveiled a draft statement noting that member states would agree to gradually reduce dependence on Russian energy sources, including coal. However, no specific date was given and, according to an EU spokesman, the member states are planning to phase out Russian resources between 2027 and 2030. Josep Borrell, EU […]

Over the past week, European thermal coal quotations hit new historic highs again amid limited supply on the global market and Russia’s ongoing military operation in Ukraine. Russian coal shipments have decreased since the start of the conflict in Ukraine. Shipping data show that coal continues to be supplied from Russian ports to Europe, but […]

According to recent outlooks made by industry experts, the global coal market is expected to remain stable in terms of demand, which may even show a moderate increase in 2025-2030. Such a development will have a positive impact on the Russian coal industry. In the Far East, represented by the Vanino-Sovgavansky transport hub and the […]

On the back of Russian military operation in Ukraine, Chinese importers of Russian coal have been encountering the issue of financing from state-owned banks in China, concerned about US and European sanctions against Russia, as financial institutions do not want to be hit and lose access to transactions in US dollars. According to market participants, […]

Last week, the European market faced an unprecedented spike in thermal coal indices amid sanctions on Russia, resulting from the military operation in Ukraine. As of March 02, 2022, the price was climbing to almost 390 USD/t, which subsequently adjusted to 340 USD/t. Since the share of Russian coal in the European market is about […]

Under the Ministry of Coal Industry of Kuzbass, in January 2022 coal mining enterprises in Kuzbass produced 19.0 mio t of coal (+0.8 mio t or +4.4% to January 2021). The production of coking coal during this period decreased to 5.4 mio t (-0.1 mio t or -1.8% y-o-y), whereas thermal coal extraction volumes amounted […]

Over the past week, thermal coal quotes on the European market reached a new all-time high, which exceeded 265 USD/t, adding 50 USD/t within one trading session, after the start of Russia’s military operation in Ukraine amid the boost in gas indices on the European trading platform TTF to 87.5 EUR/MWh (+11.8 EUR/MWh w-o-w), lower […]

Federal service for environmental, technological and nuclear supervision of Russia (Rostekhnadzor) has summarized the outcomes of intensified inspections of coal mines since the beginning of February 2022. As a result of the revealed violations, operations of a number of mining enterprises in Kuzbass were suspended. Coal extraction was halted at Pervomayskaya mine (owned by Severny […]

The logistical issues in Russia have been disrupting coal railings since Q4 2021, leading to the volumes being held up at mines, further limiting supply of the crucial material in the global market. In 2022, the situation has not improved, quite the contrary. As compared to the planned tonnage, 0.5 mio t of coal or […]

Last week, thermal coal indices on the European market fell below 170 USD/t, despite the persisting supply shortage in the global market. The price decrease was caused by the news on de-escalation of tensions on the border between Russia and Ukraine. Forecasts of milder weather in the northwestern Europe and an upward revision of the […]

The Russian state regulator approved the project for the reconstruction of the berths of the stevedoring company JSC Vostochny Port. It is expected that after the upgrade, the transshipment capacity of the largest coal terminal in the Far East will increase to approximately 70 mio t/year from current 50 mio t. The reconstruction envisages an […]

Over the past week, thermal coal quotes on the European market again hit the level of 200 USD/t, following the continuing supply shortage on the global market. An additional factor for the price growth was the reduction of the nuclear power target for 2022 by the French energy group EDF to a record low of […]

Russia is negotiating to enhance coal supplies to China. Potential annual growth could reach 50 mio t in case of favorable market conditions and increase in railway carrying capacity. China is already the largest importer of Russian coal. It accounted for almost 18% or 39.6 mio t of export supplies from Russia in 2020. In […]

Last week, the European market saw a drop in thermal coal quotations below 180 USD/t amid lower gas prices, the lifting of the ban on coal exports from Indonesia and the probable easing of tensions around the political situation between Russia and Ukraine. Moreover, the US administration asked the largest LNG consumers in Asia-Pacific to […]

Under the Ministry of Coal Industry of Kuzbass, in January-December 2021 coal mining enterprises in Kuzbass produced 243.1 mio t of coal (+22.4 mio t or +10.1% to January-December 2020). The production of coking coal during this period decreased to 71.7 mio t (-2.8 mio t or -3.8% y-o-y), whereas thermal coal extraction volumes amounted […]