Seaborne supplies of Russian coal have collapsed

At the end of October, the total volumes of Russian coal exported by sea decreased by 42 percent in annual terms and fell to 11.5 million tons. About it reports “Kommersant” with reference to data from Kpler analysts.

Key fuel consumers from RFChina And India — decreased purchases by 32 and 41 percent, respectively, to 4.4 and 1.1 million tons. Experts linked the sharp reduction in imports from China to large coal reserves in the country. In the case of India, the dynamics were due to a decrease in activity in the local market due to the Diwali holiday on November 12. In general, based on the results of ten months of 2023, the total volumes of maritime exports of Russian coal increased by two percent and amounted to 147 million tons, Kpler concluded.

In early September, Kommersant, citing Kpler data reported about a sharp increase in imports of Russian coal from Turkey. Thus, in January-August, this country purchased a total of 14.6 million tons of fuel from Russia (about 70 percent of all Turkish imports).

Experts explained this dynamics by discounts offered by Russian suppliers. Against this background, according to the results of the first eight months of 2023, supply volumes also increased Egypt. In January-August, the total volumes of seaborne exports of Russian coal to the Middle Eastern country soared by 60 percent and amounted to 464 thousand tons.

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