Russian coking coal producer Raspadskaya has announced that its domestic buyers will now have to pay $110 a tonne for its products, a rise of some 22% over prices in the fourth quarter of 2009. The price rise comes in defiance of the country’s anti-monopoly body, the FAS, which last week warned against co-ordinated price rises citing reports of increases in the order of 30-40%.
Russian broker Uralsib suggested in a note that prices could rise again in April. Uralsib also suggested that Mechel, another of Russia’s leading coal miners, is looking to charge its Russian customers $110-120 per tonne for its Kuzbass coking coal and that Mechel’s export price to Asian buyers for coal from Yakutugol in the Sakha Republic is now as much as $205 per tonne.
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