This week’s world coal market overview. Last week, growing EU carbon prices and declining gas indices decreased coal quotes on the European market below 64 USD/t. The exchange price of the EU carbon quotas reached 38.0 EUR/t (+5.2 EUR/t or +16% to Feb. 01, 2021). According to market participants, the cost of emission quotas may […]
In January 2021, Ukraine’s coal imports surged to 1.80 mio t (+0.18 mio t or +10% y-o-y). Ukraine received 1.30 mio t or 72% of its coal imports from Russia, 0.30 mio t or 16.5% from the US, 0.16 mio t or 9% from Kazakhstan, while other countries supplied the remaining 2.5%. Decrease in coal […]
Jan 2021 imports is down by 67% on YoY and down by 66% on MoM. India’s import of MetCoke is stood at 101KT Jan 2021. India has imported 305KT in Jan 2020 and 293KT in Dec 2020 as per data maintained by the team at Iman Resources. India’s import of metcoke has shown YoY positive […]
Last week, the temporary suspension of coal shipments from the second-largest Colombian producer Cerrejon to the port of Puerto Bolivar as well as low temperatures in several European countries strengthened thermal coal indices in the EU over 67 USD/t. Blockade on the railway line by local residents curbed supply of Cerrejon coal to the port. […]
A-Property, owned by Albert Avdolyan, signed an agreement with Alltech Group on the main terms of acquisition of Sibanthracite Group, belonging to the heirs of Dmitry Bosov, for 1 billion USD. Under the terms of the deal, Sibanthracite retains its independence as a company. The agreement implies signing of long-term contracts with top managers of […]
The Chinese New Year (CNY) holiday is seen as having only limited impact on metallurgical coal production in China, compared with past years, according to a new report published by Mysteel. Traditionally, CNY is the time when Chinese people return home to celebrate the new year’s arrival and when workplaces are shuttered, but this year […]
European coal prices this week remained relatively well supported, underpinned by heightened utility demand, diminishing stocks and potential disruptions to Russian and Colombian supply. The front-quarter API 2 contract traded on Friday at USD 66/t, up USD 0.75 from last Friday’s settlement, but down from Tuesday’s near two-week high of USD 68.95/t, on Ice Futures. […]
Over the past week, thermal coal indices dropped below 65 USD/t due to the EU carbon prices strengthening to record highs. The price of carbon quotas determines the dark spread – profit margin of the coal-fired power plants on MWh produced. Therefore, higher costs of carbon allowances make coal less attractive on the market. Feb.03, […]
European coal prices have recovered from recent two-year lows, underpinned by the prospect of a cold snap across Europe next week and some threats to supply, yet tepid spot demand and bullish carbon prices limited gains. The front-quarter and front year API 2 contracts traded on Friday at USD 65/t and USD 66.35/t, respectively, up […]