Participants in China’s coal market are divided on where spot prices of domestically-produced thermal coal are headed. With winter now over and summer still months away, the country’s electricity generators have entered an “off-season” when demand for power for heating has waned, reducing their need for coal. And yet the lingering supply tightness of thermal […]
Last week, thermal coal indices in Europe continued their rally above 74.5 USD/t. The cold weather in a number of European countries boosted coal consumption. TTF natural gas prices hitting Q1 2021 high of 21.4 EUR/MWh (+2.3 EUR/MWh to April 01, 2021) had a positive impact on coal indices in the EU. A decrease in […]
In Q1’2021, Ukraine’s coal imports surged to 5.2 mio t (+0.8 mio t or +18% y-o-y). Ukraine received 3.1 mio t or 60% of its coal imports from Russia, 1.2 mio t or 23% from the US, 0.6 mio t or 12% from Kazakhstan, while other countries supplied the remaining 0.3 mio t or 5%. […]
China’s energy production and consumption recovered fast over the January-March quarter, following the steady resumption of economic activity last quarter, new data from the National Bureau of Statistics (NBS) showed. Despite the higher energy consumption, the country made more progress in energy saving, with energy consumption per GDP unit dropping 3.1% on year against the […]
The energy value chain is a complex and interdependent mechanism. No single piece is the source of the devastating power outage that struck Texas during a record-breaking cold snap in mid-February. Though the cost of annual preparations for extreme and relatively infrequent weather events has proven difficult for policymakers and industry to justify, the shocking […]
Last week thermal coal indices in Europe saw an uptrend, surging over 71 USD/t. The growth in coal quotes was associated with the positive dynamics of Brent oil prices up to 66.29 USD / barrel (+4.29 USD/barrel to April 07,2021) after the publication of data on oil stocks in the United States, and with unexpected […]
In 2020 the debt of Albert Avdolyan’s A-Property skyrocketed from 13.5 billion RUR (178.4 mio USD) to 152.2 billion RUR (2.1 billion USD). The increase in accounts payable of the company resulted from the purchases of assets for 142 billion RUR (1.8 billion USD) in total. In April 2020, A-Property acquired 51% in Elga from […]
North China’s Shanxi province, now the country’s top coal mining region, has pledged to control development of the province’s coal resources and stabilize annual raw coal production at around 1 billion tonnes during the 14th Five-Year Plan over 2021-2025. Over the previous five years, Shanxi’s raw coal production drew steadily from 816 million tonnes in […]
Last week coal indices in the European market went on declining below 68 USD/t amid record-high EU carbon prices and increased wind output in some European countries. On April 06, 2021 prices of EU emission quotas exceeded 44 EUR/t. This is the highest value since 2005. According to the US investment bank Goldman Sachs, the […]