12 Nov 2021

World coal market: brief overview

High volatility persists in the global coal markets. Last week, an increase in gas supplies from Russia to Europe amid negative sentiments in the Chinese market pushed the European thermal coal indices to further decline below 140 USD/t, while Russian FOB Ust-Luga 6000 slipped to 160 USD/t. On November 09, 2021, Gazprom announced that the […]

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29 Oct 2021

Raspadskaya stock up 300%

Raspadskaya shares have hit all-time highs, as the stock soared this year almost 300%, from 157 RUR to 449 RUR (2.2 USD to 6.4 USD) per share. Such rally is associated with the company’s successful financial performance in 2021, which, in turn, has been backed by rising world coal indices. Global prices for coking coal, […]

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29 Oct 2021

World coal market: brief overview

Tough measures taken by the National Development and Reform Commission of China (NDRC) to regulate the domestic market were the main factor behind the decline in thermal coal indices worldwide. Bearish sentiment in China is weighing on both the Atlantic and Asia-Pacific, resulting in price correction below 200 USD/t at key global coal hubs. For […]

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22 Oct 2021

Ukraine’s coal imports up 14% in Jan-Sep 2021

In January-September 2021, Ukraine’s coal imports surged to 14.5 mio t (+1.8 mio t or +14% y-o-y). Ukraine received 10.8 mio t or 75% of its coal imports from Russia, 2.5 mio t or 17% from Kazakhstan and 1.2 mio t or 8% from the US. On June 15, 2021, the Ukrainian Ministry of Energy […]

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22 Oct 2021

World coal market: brief overview

Last week, European thermal coal indices plunged below 210 USD/t. Negative sentiment in the Chinese market driven by the requirements of the National Development and Reform Commission of China (NDRC) to reduce domestic coal prices, shutdown of businesses in the EU due to the high cost of electricity, the growth of wind generation as well […]

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15 Oct 2021

SUEK declared force majeure due to fire in Vanino port

On October 11, 2021 SUEK’s Daltransugol terminal at Vanino port suspended handling of coal due to the fire at the terminal. A conveyor belt was damaged by the fire, which made it impossible to load vessels at the port. SUEK declared force majeure a day after the fire. Stepan Solzhenitsyn, CEO of SUEK, stated that […]

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15 Oct 2021

World coal market: brief overview

The European coal market remains volatile due to uncertainty in the gas market and a persistent supply-demand imbalance exacerbated by coal shortages in India and China. Paper contracts at the TTF hub exceeded 1200 USD/1,000 m3. Cooler-than-normal temperatures in the EU are hampering the build-up of gas reserves in Europe. On October 13, 2021, Russian […]

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8 Oct 2021

Additional tonnage for additional investment

Russian Government obliged coal companies from the Kuzbass region to make an investment agreement with regional authorities for the export of additional coal volumes above 53 mio t to Far East. Export volume of 53 mio t is considered as a base level. It was established last year and set up for the fulfilment by […]

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8 Oct 2021

World coal market: brief overview

Last week, thermal coal indices in Europe renewed their historic highs, reaching the mark of 300 USD/t, after that the quotes corrected to 225 USD/t due to high volatility. A jump in prices at the European gas market contributed to the growth of quotations – on 06.10.2021 paper contracts at the TTF hub exceeded 1900 […]

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1 Oct 2021

Russian coal exports to China up 43% in Jan-Aug 2021 amid Chinese electricity crisis

In January-August 2021, the total Russian coal exports to China, according to preliminary data, increased to 37.0 mio t (+11.1 mio t or +43% y-o-y), including seaborne and overland supplies. Nevertheless, coal exports through border crossings with China in January-August 2021 decreased to 4.94 mio t (-0.54 mio t or -10% y-o-y). Coal deliveries via […]

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1 Oct 2021

World coal market: brief overview

High gas prices in the EU and fears of an energy supply crisis pushed European thermal coal indices to new all-time highs above 215 USD/t. Gas prices exceeded 1,000 USD/1,000 m3. October TTF gas quotes surged to 82.40 EUR/MWh (+2.50 EUR/MWh to September 22, 2021). Gas storage levels in Europe were 15% below the average […]

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24 Sep 2021

RZD offers three options to expand BAM and TSR

Russian Railways (RZD) offered a preliminary blueprint for the third stage of the Baikal-Amur Mainline (BAM) expansion, including three options, which are being considered by the national railway operator. The first option, worth 333 billion RUR (4.6 billion USD), assumes additional volumes of coal exports from Elga deposit in the amount of 16.6 mio t. […]

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24 Sep 2021

World coal market: brief overview

Last week, thermal coal quotes in Europe renewed their all-time highs, exceeding 180 USD/t, despite a slight correction in gas indices. The limited supply of the material on the EU market in the run-up to heating season amid the declining wind output in European countries supported coal prices. October TTF gas quotes edged down to […]

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17 Sep 2021

Sibanthracite, Stroyservis, Telf AG and EP Resources AG to provide coal supplies to port of Lavna

Russian coal producers Sibanthracite and Stroyservis, as well as coal trading companies Telf AG and EP Resources AG, signed an agreement with Port Infrastructure Development Center (PIDC) to guarantee coal handling in the port of Lavna. In accordance with a previously concluded take-or-pay contract, the Port Infrastructure Development Center (PIDC) confirmed its readiness to provide […]

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17 Sep 2021

World coal market: brief overview

Last week, the European thermal coal prices remained over 170 USD/t, supported by gas indices, which renewed their all-time highs amid tight inventories in the EU gas storages. Owing to more attractive gas prices in Asia, LNG suppliers increase shipments to this region, creating a supply shortage on the European gas market. October TTF gas […]

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10 Sep 2021

Kolmar coal company plans to double coal production and washing facilities by 2023.

Anna Tsivilevа, the Chairman of the Board of Directors of JSC “Kolmar Group”, told on Friday session of Eastern Economic forum that company’s current production capacity is about 12 mio t and there is a plan to double it by 2023. She also noted that new production facilities were brought into operation in 2020-2021. Among […]

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10 Sep 2021

World coal market: brief overview

Last week, thermal coal prices in Europe continued to strengthen above 170 USD/t. The main driver for coal prices remains gas, which continues to set records amid insufficient European gas storage capacity, lagging supply from Russia and a lack of LNG on the European market. On 09.09.2021 October futures on the TTF hub in the […]

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3 Sep 2021

Ukraine’s coal imports up 14% in January-July 2021

In January-July 2021, Ukraine’s coal imports surged to 11.7 mio t (+1.4 mio t or +14% y-o-y). Ukraine received 8.3 mio t or 71% of its coal imports from Russia, 2.1 mio t or 18% from Kazakhstan and 1.3 mio t or 11% from the US. On June 15, 2021, the Ukrainian Ministry of Energy […]

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3 Sep 2021

World coal market: brief overview

Last week, EU coal prices witnessed upside move over 165 USD/t. The continuing rally of TTF gas quotes to 51.5 EUR/MWh (+6.5 EUR/MWh to August 25, 2021) remains the key driver behind the surge in coal prices. Shortage of gas supplies to Europe resulting from a series of unexpected disruptions at the enterprises of Gazprom […]

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27 Aug 2021

Elgacoal ready to build railway line for 1.3 billion USD

On August 20, 2021 Elgacoal, owned by A-Property and Rostec state corporation, provided Russian Ministry of Transport with an assessment of the construction costs of a new railway line between Elga coking coal deposit and the Sea of Okhotsk at 97 billion RUR (1.3 billion USD). The railway line with a length of about 500 […]

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