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Wednesday, 21 October 15
RUSSIA'S CARBO ONE COAL SALES TO HIT 50 MLN T/YR - JACQUELINE HOLMES
Carbo One LogoCOALspot.com: Russia's Carbo One has become one of the world's leading physical coal traders with an annual volume approaching 50 million tonnes of international coal sold, Carbo One director Alexey Danilov told this week's Coaltrans conference in Barcelona.

Despite the general weakness in coal prices and demand, Carbo One will supply 47 million tonnes of coal this year, rising to 50 million tonnes in 2016, he said. The trading firm's focus is on growth in the Asia-Pacific market although it will retain key customers in Europe.

Carbo One continues to supply coal to Ukraine and benefits from the higher prices there, he said. The Ukrainian crisis had no negative effects on the company's trading activity, Danilov said. Although Carbo One supplies predominantly Russian thermal coal and PCI, the company has for several years traded and delivered coal of various international origins.

This wide product portfolio and access to the most efficient export ports give Carbo One the commercial flexibility needed to retain customers and grow in new markets where demand is healthy.

China's commodities demand is weaker but outside of China there is strong coal demand in countries such as the Philippines, Malaysia and Vietnam.

The depreciation of the Russian Ruble enabled Carbo One to look for growth in sales of high-quality thermal coal and PCI to the Asia-Pacific market.

Sales to South Korea by Carbo One reached 7 million tonnes this year, from 950,000 tonnes in 2010.


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