08.07.2025, 18:33
Russian coal prices have fallen to their lowest level in five years
Source: OREANDA-NEWS
OREANDA-NEWS In the first half of the year, the prices of Russian coal exports steadily fell and by the end of the specified period reached their lowest levels in five years. Vedomosti writes about this with reference to data from the Center for Price Indices (CIC).
For example, a ton of coal with a calorie content of 6,000 kilocalories per kilogram with loading in the Far East on June 27 cost $ 69, which is 21 percent lower than at the beginning of this year and a quarter worse than a year earlier. The last time such a price level was observed was in November 2020, when the global economy was falling due to the COVID-19 pandemic.
Thermal coal accounts for 80 percent of Russian coal supplies abroad. The rest is occupied by coking (metallurgical coal), with which the situation is only slightly better. Prices for it with loading in the Far East dropped to the lowest since May 2021, 94 dollars per ton, which is 18 and 31 percent worse than at the beginning of the year and in June 2024.
These dynamics, combined with a sharp increase in tariffs for transportation and transshipment, have become the main causes of the deep crisis in the Russian coal industry. They also added negative duties on Russian coal from China, which Beijing imposed to support its coal mining enterprises.
For example, a ton of coal with a calorie content of 6,000 kilocalories per kilogram with loading in the Far East on June 27 cost $ 69, which is 21 percent lower than at the beginning of this year and a quarter worse than a year earlier. The last time such a price level was observed was in November 2020, when the global economy was falling due to the COVID-19 pandemic.
Thermal coal accounts for 80 percent of Russian coal supplies abroad. The rest is occupied by coking (metallurgical coal), with which the situation is only slightly better. Prices for it with loading in the Far East dropped to the lowest since May 2021, 94 dollars per ton, which is 18 and 31 percent worse than at the beginning of the year and in June 2024.
These dynamics, combined with a sharp increase in tariffs for transportation and transshipment, have become the main causes of the deep crisis in the Russian coal industry. They also added negative duties on Russian coal from China, which Beijing imposed to support its coal mining enterprises.
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