According to Metal Expert, the anthracite market in Southern Europe is experiencing an increase in interest in the products. Importers are actively sending out requests for coal; the largest number of requests came from steel mills. In turn, many suppliers were able to play for the increase.
ASH grade coal in January was available at $85-90/t CIF Italy ($90/t CIF in December), AM grade – at $120/t CIF ($115-118/t CIF), AKO grade-at $ 127-130 /t CIF ($122 / t CIF). The main cargo flow of Russian anthracite comes from the ports of the Azov-Black Sea basin.
We believe that in February, the demand for anthracite in the southern regions of Europe will continue to increase, which will allow exporters to strengthen quotes again.