Interfax quotes the Metal Courier analytical agency as saying that Raspadskaya, one of Russia's biggest coking coal producers, is planning to raise prices on coal concentrate for delivery to the domestic market in September by 15% to 20% to RUB 1,900 per tonne to RUB 2,000 per tonne.
Raspadskaya declined comment on the report when contacted by Interfax.
In addition, the agency said Raspadskaya increased exports of coking coal to China by more than 500% to 26,000 tonnes to 27,000 tonnes in July from 4,500 tonnes to 5,000 tonnes in the previous month.
The company shipped some 21,000 tonnes to 22,000 tonnes of coking coal through the Nakhodka Sea Port in July versus 4,000 tonnes to 5,000 tonnes in June as well as 4,500 tonnes to 5,000 tonnes through the Vostochny Port.
The agency said concentrate currently costs USD 105 per tonne to USD 11 per tonne on FOB terms at Far Eastern ports.
Raspadskaya includes three coalmining concerns Raspadskaya, MUK 96 and Raspadsky Pit and another mine under development, Raspadskaya Koksovaya, as well as a preparation plant and transport and other production facilities.
Source: Steel Guru
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