IEA: Russian coal discount vanishes in January–June

MOSCOW, Jul 27 (PRIME) -- Prices for Russian coal practically reached the level of European prices in January–June, the International Energy Agency (IEA) said on Thursday.

A discount on Russian coal has been seen since March 2022 and reached 73% in the Baltic ports and the Vostochny port in July–September.

"With plummeting ARA (Amsterdam Rotterdam Antwerp) prices in the last quarter of 2022, the Russian discount began to dissolve. Coal prices at the Black Sea ports converged with ARA towards the end of 2022, while coal at the Baltic ports and at the port of Vostochny continued to be traded at a discount of around 30% to 40%," the researchers said.

"In first half of 2023, ARA and Russian prices showed a parallel trajectory, with prices at Russian ports approaching the nominal price levels observed at the beginning of 2021," the agency said.

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