"Russian Metallurgical Coal Prices Up 4.5–12% Since Year Begin"

08:59; 29 January 2026 year

Russian Coking Coal Prices Surge in January: Local Market Dynamics Explained According to NEFT Research, as reported by Kommersant, Russian coking coal prices have significantly increased in January. Depending on the delivery point, prices rose by 4.5–12%. Premium PLV coal (including freight) destined for China increased by 14.2% year-on-year, reaching $217 per tonne, while coal for India jumped by 23.6%, reaching $248 per tonne. High-quality J-class coal in the ports of the Far East grew by 4.5%, reaching $139 per tonne; coal from the Azov-Black Sea basin increased by 6.8%, reaching $138.2 per tonne; and coal from the Finnish Gulf rose by 7.6%, reaching $132.2 per tonne. Experts attribute the sharp rise to supply disruptions from Australia and the heightened demand in China ahead of national holidays. These factors have boosted export profitability via the Far Eastern ports. However, market participants do not foresee sustained price growth for coking coal due to intense competition among suppliers and trade barriers in the global steel market.

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