28 Jan 2022

World coal market: brief overview

Last week, thermal coal prices on the European market continued to strengthen above 210 USD/t amid oil quotes rising to multi-year highs and a possible aggravation of the political situation between Russia and Ukraine. Brent crude oil contracts for February 2022 rose to 90 USD/barrel, which is the highest level since 2014. An additional factor, […]

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21 Jan 2022

Two Russian coal companies suspended production due to safety violations

Rostekhnadzor, the supervisory body of the Government of Russia, temporarily suspended coal mining at Sibirskaya mine and at TalTEK open-pit mine in Kuzbass. Production at Sibirskaya mine in the Kemerovo region has been suspended due to excess methane detected during the inspection. The materials have been submitted for consideration to the court, which will determine […]

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21 Jan 2022

Ukraine’s coal imports up 15% in Jan-Dec 2021

In January-December 2021, Ukraine’s coal imports surged to 19.6 mio t (+2.6 mio t or +15% y-o-y). Ukraine received 14.0 mio t or 72% of its coal imports from Russia, 3.0 mio t or 15% from Kazakhstan and 2.6 mio t or 13% from other countries. On June 15, 2021, the Ukrainian Ministry of Energy […]

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21 Jan 2022

World coal market: brief overview

Over the past week, thermal coal prices on the European market were actively strengthening above 170 USD/t on the background of the reduction of gas reserves in European storage facilities to their lowest winter levels of 45.4% in the long-term history of observations, despite lower gas and electricity prices, increased LNG supplies and forecasts of […]

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14 Jan 2022

Russian coal shipments to ports of North-West and South to be reduced by 25 mio t by 2024

In Q4 ‘21 and early Q1 ‘22, Russian coal exporters on the Baltic faced a series of logistical issues, that led to an unprecedented shortage of coal at local Northwest ports, threatening the breach of contractual obligations by coal suppliers and the failure of the region’s largest coal terminals to meet their annual transshipment plans. […]

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14 Jan 2022

World coal market: brief overview

Last week thermal coal indices on the European market managed to recover above 150 USD/t, despite a forecasted increase in average daily temperature and a sharp drop in electricity and gas prices amid growing LNG supplies to Europe. The Indonesian government’s ban on coal exports had a positive effect on South African material prices, which […]

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24 Dec 2021

Coal production suspended at SUEK mine

On December 19, 2021, coal production was suspended at SUEK’s Rubana mine (the Kemerovo Region), due to a fire in the mine face. The mine’s emergency response mode was launched. All 128 people, who were underground were evacuated to the surface, no one was injured. ‘There will be consequences for SUEK in any case, as […]

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24 Dec 2021

Coal production in Kuzbass up 10% in Jan-Nov 2021

Under the Ministry of Coal Industry of Kuzbass, in January-November 2021 coal mining enterprises in Kuzbass produced 221.6 mio t of coal (+20.2 mio t or +10.0% to January-November 2020). The production of coking coal during this period decreased to 65.3 mio t (-2.8 mio t or -4.1% y-o-y), whereas thermal coal extraction volumes amounted […]

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24 Dec 2021

World coal market: brief overview

Thermal coal indices on the European market settled at 150 USD/t amid uncertainty on the gas market, rising gas prices and cold weather in a number of European countries. European gas storages are 59% full, down almost 3% since December 15, 2021, while gas quotes soared to new all-time highs over 2,200 USD/m3. Last week, […]

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17 Dec 2021

Russian coal supplies worsen on all export routes

Logistical issues with Russian coal deliveries to seaports are gaining momentum on all export routes, resulting in a shortage of material on the market that may cause an even greater deficit in the coming months. The supply disruptions are particularly acute at ports in the Baltic and the Far East. In the North-West direction, repairs […]

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17 Dec 2021

Ukraine’s coal imports up 15% in Jan-Nov 2021

In January-November 2021, Ukraine’s coal imports surged to 17.7 mio t (+2.3 mio t or +15% y-o-y). Ukraine received 13.2 mio t or 75% of its coal imports from Russia, 3.0 mio t or 17% from Kazakhstan and 1.5 mio t or 8% from the US. On June 15, 2021, the Ukrainian Ministry of Energy […]

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17 Dec 2021

World coal market: brief overview

Thermal coal indices in the European market were in an upward trend, having strengthened above 155 USD/t amid uncertainty on the gas market, a decrease in average daily temperatures in a number of European countries and limited supplies of Russian coal due to logistical problems. Russian gas supplies to the EU remain below scheduled levels. […]

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10 Dec 2021

Rosterminalugol stocks fell to record lows amid coal shortage in the Baltic

Coal stocks at Rosterminalugol (Ust-Luga Coal Terminal), which is the largest coal terminal in the Baltic, for the first time fell to a historic low of 25 thousand t, while the simultaneous storage capacity of the terminal amounts to 633 thousand t. Lack of locomotives, repair work on the Oktyabrskaya Railway as well as congestion […]

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10 Dec 2021

World coal market: brief overview

Last week, thermal coal quotations on the European market strengthened above 133 USD/t, given the following factors: · ongoing uncertainty with the launch of Nord Stream 2; · significant increase in regional prices for electricity, natural gas and carbon permits; · forecasted decrease in average daily temperatures in a number of European countries. Russian FOB […]

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3 Dec 2021

Coal shortage gains momentum in Baltic and Far East

In recent months, Rosterminalugol (Ust-Luga Coal Terminal), which is the largest coal terminal in the Baltic, has faced unprecedented restrictions from Russian Railways (RZD) in terms of limited rail shipments to the terminal. Due to a shortage of locomotives and repair work on the Oktyabrskaya railway, in October 2021, 718 thousand t of coal were […]

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3 Dec 2021

World coal market: brief overview

Last week, thermal coal quotes on the European market plunged below 130 USD/t on the news about the possibility of another price decrease in the Chinese market, while Russian FOB Ust-Luga 6000 was kept at the level of 165 USD/t. The drop in South African indices below 135 USD/t was also driven by the probability […]

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26 Nov 2021

RZD introduces railway bans for coal shipments to Far Eastern and Baltic ports

Due to the railway congestion at the Eastern range and a large number of abandoned trains amid unfavorable weather conditions in ports, that cannot cope with unloading railcars, Russian Railways (RZD) introduced a number of restrictive measures on shipments of coal to the terminals of the port of Vanino, where a state of emergency was […]

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26 Nov 2021

Fatal explosion at SDS coal mine

The largest catastrophe in the Russian coal mining industry over the past ten years occurred on November 25, 2021, at Listvyazhnaya mine, owned by SDS. An explosion of a methane-air mixture is considered to be a probable cause of the accident, which killed 52 people (46 miners and 6 rescuers). Also, after the accident, 38 […]

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26 Nov 2021

World coal market: brief overview

A decrease in average daily temperatures in a number of European countries, as well as the uncertainty with the launch of Nord Stream 2, have strengthened thermal coal quotes on the EU market above 165 USD/t. The output of coal-fired power plants in Germany amounted to 10.8 GW, which corresponds to the utilization rate of […]

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19 Nov 2021

Summary of COP26 conference in Glasgow

The 26th United Nations Climate Change Conference, also known as COP26, was held in Glasgow, Scotland, from October 31 to November 12, 2021. The summit was attended by 25 thousand delegates from almost 200 countries and about 120 heads of state. The presidents of Russia and China did not visit the meeting. The parties to […]

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