Quotes for imported thermal coal have decreased in ARA ports. Local consumers are inactive on the market. Our sources have reported a tender for the purchase of thermal coal by one of European cement producers, but the details have not been disclosed yet.
The overall cargo turnover dropped by 139,000 t to 1.6 million t at the Riga Freeport in October, showing a decrease of 8% compared with September 2023.
Quotes for imported high-calorie thermal coal have fallen in West Europe. Despite the upcoming season of active consumption, trade has not perked up significantly. Players have reported the signed deal for the supply of coal in December, as well as offers from Kazakhstan.
On the West European market, quotes for imported thermal coal have declined amid moderate pace of trade. Consumers tend to postpone purchases until the situation with natural gas supplies becomes clearer and in anticipation of further price cuts.
About 11,600 wagons with various goods were found waiting for a transfer through Ukraine’s western land border crossing points on October 25 compared with nearly 11,100 wagons in late September.
The company “DTEK Energo” imported more than 38,000 t of coal from Poland in order to ensure the stable operation of thermal power plants during the heating season. The information was unveiled by Ildar Saleyev, the general director of the company.
According to results of the January-September period 2023, the cargo turnover reached almost 27 million tonnes at the ports of Szczecin and Swinoujscie, showing a 1% increase compared with the same period of 2022.
In early October, the Polish Węglokoks SA Group, which unites companies from the mining, metallurgical, energy and logistics sectors, closed a deal to acquire shares in the Port Północny transshipment and warehouse company in Gdańsk. The company now owns 80.43% of the port’s shares.
Up to 291 wagons were transferred daily through the Chop – Čierna nad Tisou land border crossing point as of October 12 (down 18 units compared with the previous week). In particular, 258 wagons were moving on export routes (down 20 units), while 33 wagons arrived with imported goods (up 2 wagons).