During the week, coal prices in the European market increased sharply.
Russia’s coal market share in the European market accounts for about 40%, while the global market share is 16%, the market is worried about a serious supply deficit.
At the same time, oil and gas prices also hit historic highs, driven by geopolitical tensions and dwindling inventories at storage facilities in Europe.
Coal prices in South Africa rose above 395 USD/ton also due to the escalation of political tensions between Russia and Ukraine, so European consumers are considering the possibility of buying coal from other countries, including South Africa. Fly.
In China, spot prices for 5500 NAR coal increased by nearly $24/ton to $186/ton FOB Qinhuangdao.
Australia’s coal quotation, increased above $ 340 / ton, in the context of the ongoing supply of coal in the global market and heavy rain, due to the weather phenomenon.
Indonesia’s 5900 GAR thermal coal price rose to $160/ton due to increased demand from China, limited supply due to adverse weather conditions as well as monthly monitoring of coal producers’ compliance with obligations. allocate 25% of their production to Indonesian consumers in the domestic market.

Australia’s metallurgical coal index is above $500/ton on increased demand from Asian steel mills and supply shortage amid bad weather. Prices also increased due to concerns about supply shortage from the Russian market, which could lead to a decrease of 28 million tons of metallurgical coal in the international market.

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