(CAA Analytics) In January-June 2020 Ukraine coal imports dropped to 8.6 mio t (-18.5% y-o-y) with Russia accounting for 60% and the US for 30% of overall coal imports.
The decline stemmed from abundant material reserves at local coal-fired plants, built up as a result of warm winter in Ukraine as well as Covid-19 pandemic, dampening electricity demand. Coal reserves surplus in Ukraine rose to 2.5 mio t (+70% y-o-y). In response to lowering power demand Ukraine’s top coal producer DTEK Energy suspended business activity at its 15 mines. In 2019 total coal exports to Ukraine amounted to 21.1 mio t (-1.4% y-o-y).
On May 05, 2020, Ukraine introduced 65% duty on coal imports from Russia. The duty was not imposed on imports of anthracite and coking coal, the two types of coal that Ukraine facing shortage.
Source: CAA Analytics
Connect with and follow CAA on Twitter:
[tfws username=”CAA_Analytics” height=”700″ width=”350″ theme=”light” color=”#FAB81E” tweets=”2″ header=”yes” footer=”yes” borders=”yes” scrollbar=”yes” background=”yes”]
The Coal Hub is an online platform for sharing analysis and information about the global coal market more info
Sign up to receive our weekly newsletter (each Monday) with new coal market reports, presentations & analysis.
By signing up, I agree to our TOS and Privacy Policy.
© 2020 TheCoalHub | All Rights Reserved