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Russian coal export opportunity stifled by low demand

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Report summary

The devaluation of Russian Rouble in late 2014 provided much needed cost relief and margin boost to Russian coal exporters. The initial surge in exports that followed the devaluation was subsequently largely stifled by mid 2015 by high Rouble cost inflation increased domestic coal prices Rouble strengthening against US$ and more importantly the ever weakening demand for coal in the seaborne market particularly into China.

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