07-07-2018

Russian June coal exports down 5% on month at 16.2 mil mt: ministry

Russian coal exports in June totaled 16.2 mil mt, down 5% on the month but up 1.3% on the year, according to data released by the Russian Federation Ministry of Energy.

For H1, the total volume stood at 93.12 mil mt, which was up 3% on the year, from 90.44 mil mt in H1 2017.
The share of thermal coal in the total coal export volume for June was not provided.

Loadings at Baltic ports were sluggish in June, leading to less thermal coal being offered into Europe, which could have been linked to the on-month drop in exports.

As well as port issues, firming thermal coal stocks in Northwest Europe as the month progressed would have also detracted buying interest from European utilities.

The average S&P Global Platts assessment for the FOB Russia Baltic 6,000 kcal/kg NAR 90-day price for June was $90.75/mt, up $6 from May, with the average assessment for the FOB Russia Pacific 6,300 kcal/kg GAR 90-day price at $114/mt, up $7.75 on the month.

Source: Platts

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