The price of imported coal is poised to rise by 45-55 per cent in the first quarter of FY23 as markets face supply disruption following the Russia-Ukraine conflict and it would severely impact domestic users of imported dry fuel, ICRA said on Monday.
Russia remains a key supplier of coal in the seaborne market, accounting for 17 and 10 per cent of the international trade in thermal coal and coking coal respectively, as per ICRA’s latest report on coal sector.
“Prices of imported coal are poised to spike by 45-55 per cent Q-o-Q in Q1 FY2023 as markets face supply disruption following the Russia-Ukraine conflict.
