Quotes for imported thermal coal remain high in West Europe despite a slight decline seen in late August. Prices are supported by a slight trade upturn. Two contracts have been reportedly signed during the week, while one German company has announced a large tender for the purchase of coal.
According to the announcement by Polish railway operator PKP LHS dated 29 August, the company is applying special discounts for its customers for the transportation of hard coal (HS 2701) in international traffic (export, import, transit)
As many as 146 wagons were transferred daily through the the Vadul-Siret – Dornesti (Romania) land border crossing as of August 29 (up 1 wagon compared with the previous week). By destinations, some 116 wagons with export cargo
According to the Resolution of the Cabinet of Ministers of Ukraine No. 744 (dated July 18, 2023), Annex 1 of Resolution No. 1466 (dated December 27, 2022) “On Approval of the Lists of Goods Subject to Licensing and Quotas for 2023” was amended.
Quotes for imported thermal coal continue to grow in Western Europe (for the third week in a row) amid uncertainty on the gas market. The start of direct LNG deliveries to Germany reduces the country’s dependence on coal imports, but so far this is not reflected in coal prices in ARA ports.
Thermal coal prices keep going up on the West European market, although trade remains dull in the region. Not a single fresh deal has been reported this week.
About 145 wagons were transferred daily through the the Vadul-Siret – Dornesti (Romania) land border crossing as of August 22 (down 8 wagons compared with the previous week).
Coal prices increased in Europe, although trade remains sluggish. No signed deals were reported by players.
There were about 8,700 wagons with various goods waiting to be transferred through Ukraine’s western land border crossing points as of August 17 compared with 7,390 wagons seen in late July.