Market review

Russian coking coal market trends

Russian coking coal concentrate consumption edged down by 1% to 38.3 million tonnes in 2016, compared with 38.8 million tonnes in 2015, due to the planned blast furnace overhauls at some steel plants. Export shipments rose by 15% to 20.8 million tonnes in 2016, up from 18.1 million tonnes in 2015, due to increased demand from Ukraine, Japan and South Korea.

Coal prices, US$/t

Local coking coal prices improved in 2016, driven by global benchmark trends. Premium coking coal (Zh grade) averaged US$91 per tonne FCA Kuzbass, up by 9% from US$84 per tonne in 2015. Semi-soft coking coal (GZh grade) averaged US$69 per tonne, up by 18% year-on-year.

Domestic coking coal concentrate consumption, mt