Russian rail tariff hike piles more pain onto producers

摘要

Russian rail oper ator, RHD, has increased tariffs for 2016by 10% year-on-year, adding more cost pressure to producersexporting thermal coal in a weak European thermal coal market.The average cost of railing Russian coal from the Kuzbass region toBaltic ports such as Ust-Luga is now equivalent to $22/t, according tominers. RZD can apply discretionary discounts, but miners are stilllooking at rises of at least 7.5% year on year.