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 […]

Read More
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 […]

Read More
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 […]

Read More
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 […]

Read More
27 Aug 2021

World coal market: brief overview

Last week, the European thermal coal indices recovered to around 150 USD/t amid a better sentiment on the coal market. Recently, speculations over Gazprom’s plans to launch Nord Stream-2 gas project in October 2021 slowed down gas prices rally, impacting negatively demand for coal. However, on August 25, 2021, Germany refused to withdraw the operator […]

Read More
20 Aug 2021

Nord Stream-2 slows down coal and gas price rally

This summer, European gas indices surged to 13-year highs as a result of a number of factors, ranging from low inventories and outages in Europe to the growing demand in the Asia-Pacific region. TTF gas prices in July 2021 soared to 12.5 USD/mio BTU, which is 7 times more year-on-year. The rally in gas quotes […]

Read More
20 Aug 2021

World coal market: brief overview

Last week, thermal coal prices in Europe remained over 150 USD/t. On August 16, 2021, the news on the launch of the Nord-Stream–2 gas project in the EU lowered TTF gas indices to 41.15 EUR/MWh (-4.75 EUR/MWh to August 11, 2021), negatively affecting coal quotes. ARA coal stocks reached 4.36 mio t (+0.29 mio t […]

Read More
13 Aug 2021

RZD may construct a new railway line to China

On August 09, 2021, Russian Railways (RZD) proposed to construct a new railway line, connecting Kuzbass and China via the Altai region. Under the deputy CEO of RZD Aleksey Shilo, the project has three possible scenarios of the railway line development: • from Biisk station on the West Siberian Railway (part of the Trans-Siberian Railway) […]

Read More
13 Aug 2021

World coal market: brief overview

Last week, thermal coal indices in Europe continued their rally over 150 USD/t. High gas prices at 569 USD per thousand cubic meters amid a shortage of gas supplies to the EU increased coal demand. Additional support for coal quotes was provided by a decrease in the volume of wind generation in the European countries […]

Read More
6 Aug 2021

RZD intends to lift coal and iron ore railway tariffs

Russian Railways (RZD) proposed to index railway tariffs for the transportation of coal and iron ore to compensate for the rise in prices for construction materials, which are necessary for the infrastructure development and the implementation of projects to modernize the railway, including the Baikal-Amur Mainline (BAM) and the Trans-Siberian Railway (TSR). According to experts, […]

Read More
6 Aug 2021

World coal market: brief overview

Last week the gas shortage caused by the ongoing maintenance at the Norwegian gas field and the reduction in Gazprom’s supplies from Russia to the EU strengthened thermal coal indices over 140 USD/t. TTF gas quotes soared to new record highs of 41.3 EUR/MWh (+0.70 EUR/MWh to 28.07.2021). Wind output in Europe decreased to 383 […]

Read More
23 Jul 2021

World coal market: brief overview

Last week, thermal coal prices in Europe exceeded 135 USD/t reaching new 10-year highs, driven by the following factors: · tight coal demand in the European market, partly due to the low volume of supplies from Colombian exporters; · soaring spot electricity prices in a number of EU countries amid the recovery of business activity […]

Read More
21 Jul 2021

Ukraine’s coal imports up 17% in H1 2021

In January-June 2021, Ukraine’s coal imports surged to 10.1 mio t (+1.5 mio t or +17% y-o-y). Ukraine received 7.1 mio t or 70% of its coal imports from Russia, 1.9 mio t or 18% from Kazakhstan and 1.1 mio t or 12% from the US. In June-July 2021, heat waves in Ukraine boosted coal-fired […]

Read More
19 Jul 2021

World coal market: brief overview

Last week, coal prices in Europe climbed to their highest level in a decade, exceeding 135 USD/t. Limited supplies of the material and rebounding electricity usage amid heat waves in a number of EU countries lifted coal demand. TTF gas indices increased to 34.4 EUR/MWh (+2.0 EUR/MWh to July 07, 2021), which has a positive […]

Read More