While in 4Q2009 producers had contracted deliveries until late January at $90 to 100 per t (VAT excluded), Raspadskaya later raised coking coal concentrate price by 33 per cent up to $120 per t (FCA, VAT excluded).

Taking into consideration current trends, Uralsib Capital bank analysts foresee the growth of other producers’ prices up to $120–$130 no later than March or June, positively impacting other coal producers, and partially negatively—the integrated metallurgy businesses, like NLMK (Lipetsk) and MMK (Magnitogorsk).

Theme:  Current situation/Coal/Kuzbass