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On September 28, 2020 Russian Railways (RZD) launched a new bridge over the Kola River, connecting Murmansk with other regions of Russia. On June 01, Russian Northern port of Murmansk, located on the coast of the Kola Bay, was cut off from the railway network as a result of the railway bridge collapse (see CAA […]
(Montel) Atlantic basin coal prices slipped to fresh two-month lows this week as thin physical demand amid high regional stocks offset any concerns of reduced supply. The front-quarter and front-year API 2 contracts both dropped 3% on the week to USD 48.65/t and USD 54.10/t, respectively – the lowest since mid-June – Ice Futures data […]
(CAA Analytics) Russian Ministry of Energy has proposed to subsidize the interest rate and roll over loans of OTEKO coal terminal in Taman, owned by Michel Litvak, to increase coal export through the terminal. Under the report addressed by the Ministry to Vladimir Putin, state subsidies may reduce the terminal’s loan burden while decreasing the […]
(CAA Analytics) Over the past week, despite gas indices approaching multi-month highs due to increased demand in a number of EU countries, coal prices on the European market fell to 48 USD/t. According to experts, this dynamics stemmed from the expensive EU carbon quotas, expected increase in the supply of Colombian coal, as well as the […]
(CAA Analytics) The arbitration court of the Kemerovo region rejected all appeals of Kiyzassky open-pit mine, owned by the Sibantracite Group, against the decision of the court to satisfy the demands of Rosprirodnadzor. Now the coal miner is required to conduct a full reclamation of land that last year suffered from an emergency landslide, caused […]
(CAA Analytics) European coal indices dipped below 50 USD/t due to lowering gas prices and increasing share of renewables in the European power mix. Over the past week the price of natural gas on the TTF trading platform reached 6.288 EURO/MWh (-0.478 EURO/MWh to Aug 05, 2020). According to the Ember analytical agency, the share of […]
Covid 19 affecting for Indonesia coal export starting by April 2020 shipment with drop almost 20% from same month last year, and touch the peak impact by May 2020 that coal export drop more than 25% compare to May 2019. Average monthly coal export for 2019 is around 38 Million Ton per month, and average […]
(CAA Analytics) European steam coal indices are held above 51 USD/t as a result of the rally of gas prices in EU along with forecasted heat waves across a number of European countries and steady recovery of business activity in Eurozone. TTF gas quotes reached 6.609 euros/MWh (+30% to July 29, 2020). Heightened trading activity […]
(CAA Analytics) Russian Railways (RZD) expects its overall shipments may not reach the planned volumes in 2020-2025. According to experts, the company will transport only 7.7 billion t in 2020-2025, which is 824.4 mio t less than the long-term development program indicators and 1.4 billion t less than the volumes under the optimistic scenario. Reduced […]