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Concorde Capital26 page report
published May 28, 2008
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Fueled by strong demand from steelmakers and improved coal supply, Ukrainian coke producers ramped up output in 4M08. In May Ukrainian domestic spot met coke prices reached USD 387 per mt, leading to a significant increase in coke makers’ gross profit per mt.
Avdiyivka Coke and Bagliy Coke benefited from intragroup synergies. Alchevsk Coke fully loaded its existing capacities on the back of better access to quality coal. We expect Yasynivsky Coke, which currently operates at close to full utilization, to launch additional production capacities in 2009.
Ukrainian domestic spot coke prices surged in May 2008, while coal prices advanced less. This led to a significant increase in coke makers' gross profits.
Even after this rise, Ukrainian export and local prices have room for further growth as they still undercut Chinese export prices.
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| Source: | Concorde Consulting
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| Document ID: | cc47
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| Country: | Ukraine
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| Free Sample: |
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| Format: | | PDF |  |
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Concorde Capital is a full service investment and consulting company, with offices in Ukraine and Russia and operations throughout CIS financial markets. Concorde Capital's information products include daily news & research reports (equity, fixed income, industry/market, macro and strategy), covering all sectors of the economy.
