Russian Railways’ tariff hike to raise thermal coal export prices amid lower demand

State-owned Russian Railways’ (RZD) 13.8% freight tariff hike, effective Dec. 1, is likely to squeeze thermal coal exporters’ profit margins, boost offer prices at the ports and increase logistics costs for buyers willing to shoulder the higher price, market sources said Nov. 13. Russia has increased rail freight tariffs as its coal exporters grapple with lower demand in several major…State-owned Russian Railways’ (RZD) 13.8% freight tariff hike, effective Dec. 1, is likely to squeeze thermal coal exporters’ profit margins, boost offer prices at the ports and increase logistics costs for buyers willing to shoulder the higher price, market sources said Nov. 13. Russia has increased rail freight tariffs as its coal exporters grapple with lower demand in several major…Read More