Russian coal export prices gain new benchmarks on St. Petersburg Exchange

Russian coal export prices will now be tracked through new benchmarks launched by the St. Petersburg International Mercantile Exchange.

The St. Petersburg International Mercantile Exchange has started publishing new price indicators for Russian coal exports. The benchmarks track monthly trends and volume-weighted average prices for thermal and coking coal shipped through the country’s Baltic, Southern, and Far Eastern ports.

Coal producers supply data to the exchange under a government mandate. The methodology analyzes contracts with various delivery terms and adjusts prices to FOB basis. The resulting indicators are expected to be used for calculating average coal prices in periodic tax assessments.

The exchange has also revised its approach to export price calculations. Previously, prices were adjusted to major production sites. Under the updated methodology, benchmarks are now calculated separately for each export route.

The calculation methodology and current index values are published on the exchange’s official website.

Source: CCA