Category: REPORTS

STEAM COAL PRICES IN MARCH’18

Slight increase by 1.1% for energy sector (PSCMI1) and decrease by 0.7% for heat plants and other industrial consumers – in March Polish steam coal prices were rather stable. Rising USD exchange rate made them more competitive towards imported coal.

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POLISH STEAM COAL PRICES IN FEB’18

Unlike global trends in Europe and South Africa, in February, Polish steam coal prices kept increasing, as they were since last summer. For the first time since May 2016 PSCMI2 (marker for heat plants and other industrial consumers) was on top of DES ARA prices!

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POLISH COAL TRADE BALANCE AFTER 3Q 2016

In first 3Q Poland imported 5.9m Mt of hard coal, which is 200k more YOY. Last year domestic import recorded 8.2m Mt, which was 2.1m less than in 2015. According to Industrial Development Agency (ARP), in current year that amount should be similar. So far, in after 9 months of 2016 Poland imported 4.3m Mt of steam coal (mainly from Russia) and 1.6m Mt of coking coal (Australia).

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KOMPANIA WEGLOWA: WOLF FULL, LAMB SAVED

Paraphrased Polish proverb, which means the same as English “to kill two birds with one stone” is a good metaphor of what was done last year with Kompania Weglowa, which at an edge of bankruptcy managed to sell in advance coal for 727m PLN. With increasing coal prices on international markets, entities which took part in it could feel like winners.

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JULY’16 UPDATE OF POLISH COAL PRICES MARKERS

Polish coal price markers for a year now tends to go their own way, regardless to where international indices tends to go. In July we’ve observed dynamic growth of DES ARA, RB and NEWC markers, but PSCMI1 and PSCMI2 haven’t changed much. Last week we’ve reported that international indices increased respectively by 7.2%, 10.8% and 14.1% MOM. Meanwhile, Polish prices raised only by 1.34% and 1.83% MOM.

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CHEAP COAL? PRICEY COAL? – IT’S BAD EITHER WAY

The whole Polish coal industry is complaining for quite some time now on low coal prices and literally praying for some bounce off, which with the high production costs would allow them to record better results of unit sales. There it came, since April the prices are rising, but in the long term – will this trend be a salvation or doom for the coal producers?

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POLISH HARD COAL MINING RESULTS: H1 2016

Half a million tons of unsold coal was moved to the piles in June, which was the worst month of all 2016 when it comes for sales. Naturally, it could be justified by the end of heating season and decreased demand. After first six months of current year, coal stocked on piles accounted for 5.2m Mt. Luckily for the coal producers, most of it is already sold with prepayments.

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