The Coal Hub
No Result
View All Result
  • Login
  • Premium Content
    • All
    • Climate & Technology
    • Coal Fired Generation
    • Coal Market Outlook
    • Coal Regions
    • Coal Trade
    • Economic Impact
    • Met / Coking Coal
    • Others
  • Blog
  • Events
  • Industry Links
    • Coal Consultants
    • Coal Industry Association
    • Coal Industry News
    • Coal Price & Market Information
    • Government Organisation
    • Think Tank
    • Coal Company
  • Newsletter
  • Videos
  • Other Hubs
    • EUROPEAN GAS HUB
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
  • Subscribe
  • My account
  • Login
SUBSCRIBE
  • Premium Content
    • All
    • Climate & Technology
    • Coal Fired Generation
    • Coal Market Outlook
    • Coal Regions
    • Coal Trade
    • Economic Impact
    • Met / Coking Coal
    • Others
  • Blog
  • Events
  • Industry Links
    • Coal Consultants
    • Coal Industry Association
    • Coal Industry News
    • Coal Price & Market Information
    • Government Organisation
    • Think Tank
    • Coal Company
  • Newsletter
  • Videos
  • Other Hubs
    • EUROPEAN GAS HUB
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
  • Subscribe
  • My account
  • Login
The Coal Hub
No Result
View All Result
Home Coal Production

Recession hits Russian coal industry

Editor by Editor
3 years ago
min read2 min
Russian coal
Share on FacebookShare on TwitterShare on Linkedin

(CAA Analytics) Despite optimistic forecasts of the Russian government on expected growth of Russian coal production and exports in 2020, the data for H1 2020 so far indicate a reverse trend.

RELATED POSTS

StableCoin

Russia considers launching stablecoins to settle export supply payments

5 days ago
World-coal-market

World coal market: brief overview

5 days ago
Global coal consumption: not dead (yet)?

Global coal consumption: not dead (yet)?

1 week ago

Russian coal production plummeted to 194.2 mio t (-20.7 mio t or -9.6% y-o-y) in H1 2020. Meanwhile, according to preliminary estimates, in January-June 2020 Russian coal exports plunged to 93.6 mio t (-10.5 mio t or -10.1% y-o-y), including seaborne supplies 80.3 mio t (-5.9 mio t or -6.8% y-o-y) and overland exports deliveries 13.3 mio t (-4.6 mio t or -25.7% y-o-y).

Coal prices have been steadily sliding down across global markets since mid-2018. The downturn in global indices was significantly aggravated by Covid-19 pandemic, which severely hit coal consumption both in Europe and in Asia.

coal exports

Quarantine measures and lockdowns around the globe essentially reduced coal burning. Coal-to-gas switching across Europe and competition with renewables, supported by European policy makers, continue to put pressure on Russian coal producers, while cheap natural gas and oversupplied stocks limit the prospects for coal prices recovery in the short- and medium term.

Negative fundamentals led to tangible output cutbacks in January-June 2020 among most of major Russian mining companies, including KRU, Evraz, SDS, Russian Coal and Siberian Anthracite. Downward dynamics of Russian coal exports in H1 2020 reflects the current trend towards a decrease in coal extraction by domestic coal mining companies amid negative global market fundamentals and record low indices throughout global coal trading outlets.

At the current production level, Russian overall coal production in 2020 will hardly reach forecast figures of the conservative scenario.

Market participants see narrowing margins for Russian coal suppliers, some of which are forced to stop production and exports, since their costs exceed current quotes on the world market. While many producers trade at a loss, some companies prefer to reimburse take-or-pay at seaports without exporting their material in order not to increase losses.

According to the Russian coal industry development program, recently approved by Russian Prime minister Mikhail Mishustin, steam and coking coal extraction in 2020 is targeted to reach 435 mio t under the conservative scenario and up to 466 mio t under the optimistic scenario.

However, at the current production level, Russian overall coal production in 2020 will hardly reach forecast figures of the conservative scenario. Most likely, coal mining volumes will be slightly above 400 mio t in comparison with 441 mio t in 2019, with coal exports at around 200 mio t on the background of 220 mio t last year.

We do not expect any significant reversal in the production and exports of Russian coal in the remainder of 2020, even taking into account the onset of the heating season in Europe and in some countries of Asia-Pacific in late autumn, as low gas prices and high reserves at ARA terminals do not add any optimism across coal markets amid consequences of Covid-19 and expectations of the second wave of the pandemic in the world.

Source CAA Analytics

Follow CAA Analytics on Twitter:

Tweets by "CAA_Analytics"
Tags: CAA AnalyticsRussian coalRussian coal mining
Editor

Editor

Related Posts

StableCoin
Coal Demand

Russia considers launching stablecoins to settle export supply payments

5 days ago
World-coal-market
Coal Demand

World coal market: brief overview

5 days ago
Global coal consumption: not dead (yet)?
Coal Demand

Global coal consumption: not dead (yet)?

1 week ago
Coal-production-in-Kuzbass
Coal Demand

Coal production in Kuzbass down 8% in 2022

2 weeks ago
World-coal-market
Coal Demand

World coal market: brief overview

2 weeks ago
Australia cracks down on coal miners with price cap
Coal Prices

Australia cracks down on coal miners with price cap

2 weeks ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result

Trending Posts

World-coal-market

World coal market: brief overview

January 27, 2023
Australia cracks down on coal miners with price cap

Australia cracks down on coal miners with price cap

January 27, 2023
coal-EU

New trading firm Panem to supply Kazakh coal to EU

January 13, 2023

Recent Post

StableCoin

Russia considers launching stablecoins to settle export supply payments

February 3, 2023
World-coal-market

World coal market: brief overview

February 3, 2023
Pacific coal prices retain record premium over Europe

Pacific coal prices retain record premium over Europe

February 2, 2023
Global coal consumption: not dead (yet)?

Global coal consumption: not dead (yet)?

February 1, 2023
Coal-production-in-Kuzbass

Coal production in Kuzbass down 8% in 2022

February 1, 2023
World-coal-market

World coal market: brief overview

January 27, 2023

The Coal Hub is an online platform for sharing analysis and information about the global coal market  more info

Categories

  • Coal Market Outlook
  • Coal Trade
  • Met / Coking Coal
  • Coal Fired Generation
  • Coal Regions
  • Climate & Technology
  • Economic Impact

Recent Posts

Russia considers launching stablecoins to settle export supply payments

World coal market: brief overview

Pacific coal prices retain record premium over Europe

Energise your Friday!

Sign up to receive our weekly newsletter (each Friday) with new coal market reports, presentations & analysis.

By signing up, I agree to our TOS and Privacy Policy.

© 2020 TheCoalHub | All Rights Reserved

No Result
View All Result
  • Premium Content
    • All
    • Climate & Technology
    • Coal Fired Generation
    • Coal Market Outlook
    • Coal Regions
    • Coal Trade
    • Economic Impact
    • Met / Coking Coal
    • Others
  • Blog
  • Events
  • Industry Links
    • Coal Consultants
    • Coal Industry Association
    • Coal Industry News
    • Coal Price & Market Information
    • Government Organisation
    • Think Tank
    • Coal Company
  • Newsletter
  • Videos
  • Other Hubs
    • EUROPEAN GAS HUB
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
  • Subscribe
  • My account
  • Login

© 2020 TheCoalHub | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT

Energise your Friday!

Interested in coal markets? Do you want our free email each FRIDAY with at least 3 new COAL reports & presentations?

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?