Russia has doubled its share of the Indian thermal coal market.
According to BigMint, from January to October, Russia supplied 10.4 million tons of thermal coal to India - a 63% year-on-year increase. Russia ranks fourth after Indonesia, South Africa and the United States.
The increase in exports occurred due to a decrease in competitors:
Indonesia: 71.4 million tons (-14%). The share fell from 60.2% to 56.5%.
South Africa: 24.3 million tons (-12%).
USA: 12.3 million tons (+11%).
Moreover, in October, India's total purchases increased by 19% compared to 14.5 million tonnes since the beginning of the year. But the Russian supply for the month, on the contrary, dropped to 900 thousand tons due to the crisis in ACHB.
At the same time, the potential for supply growth before the end of the year is limited. According to Sxcoal, the bulk of Russian coal for this year is already contracted - free quantities for delivery in November-December are extremely limited.