Trying to redirect supplies from the European to the Asian market, leading coal exporters face a slowdown in demand in India, Japan and South Korea, which leads to a price decline in the world’s hottest coal markets. Already severely hit this year by falling coal prices in Europe, Russian coal companies, in recent months have been faced with a decline in the Asian price premium. In May, the difference in export prices in the Baltic region and the Russian Far East exceeded $ 30 per ton, but in August it fell below $ 20, and in November – even below $ 15 (hereinafter Refinitiv data, unless otherwise indicated). The Alternative is Illusory The reason was the contraction of the European coal market, which largely forced the world’s leading exporters to redirect supplies to Asia. From January to November 2018, marine coal imports in Europe declined by 6.4% in annual […]