"Russian coal occupation India"!Russian media: Russia's export volume of motivation coal is "up to 2700 times"

Author:Global Times Time:2022.06.15

[Global Times special reporter Liu Yupeng] "Russia's coal occupies India." Russia's "Business News" reported on the 14th that due to the low coal reserves of power plants, India is on the edge of the energy crisis and is actively purchasing imported products. Russia's export of power coal to India has increased by thousands of times. In the first quarter of this year, Russia's exported power coal to India reached 573,200 tons, an increase of 2700 times year -on -year.

The world's leading steel market analysis professional organization "Metal Expert" said that Russian exporters now provide buyers with increasingly discounts, especially when shipping from Northwest Port. The price of coal to India is 40%to 50%lower than that of similar products in the world, and the price of Russian coal is $ 140-155 per ton. According to the data released by S & P show, the average coal price imported from India is $ 160-165 per ton. Even if the transportation cost of about $ 30 per ton, the total price is less than $ 200 per ton, which is imported from India from Australia. The price of the same level of coal is $ 60-65 per ton. At the same time, South Africa, as another source of coal imports in India, has a price of about $ 272.65 per ton of coal, which is much higher than the price of Russian coal.

In addition to cheap coal, India also imports many "discounts" Russian crude oil. According to Reuters on the 14th, data shows that Russia became India's second largest oil supply country in May. In May, Indian refineers imported about 819,000 barrels of oil from Russia every day, which is the highest level to date, and about 277,000 barrels of oil was imported daily in April.

Bloomberg said that India intends to double the import of Russian oil. Those who understand these procurement plans say that India's oil refining companies are working together to finalize and ensure that Russia provides a new subsidy contract for Russia to provide crude oil to India.

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