A meeting of the Coordination Council was held at the site of the Ministry of Trade and Integration of the Republic of Kazakhstan.
During the meeting, business games were held at 3 commodity exchanges (JSC Caspian Commodity Exchange, JSC Commodity Exchange Eurasian Trading System, JSC Commodity Exchange Modern Trading Solutions).
Business games simulated trading in municipal coal from six sellers (Karazhyra JSC, Maikuben-West LLP, Razrez Kuznetsky LLP, Mining Company SatKomir JSC, Shubarkol Komir JSC and Shubarkol Premium JSC ).
Regional operators participated in business games on a regional basis, depending on regional needs.
The meeting was attended by representatives of local executive bodies, government agencies and private businesses (regional operators and coal companies and commodity exchanges).
Based on the results of the Coordination Council, recommendations were made on establishing the maximum amounts of membership fees and the exchange commission, approving trading instruments for municipal coal for each region, forming the annual coal demand for 2024 broken down by month, etc.
Let us recall that by Order of the Ministry of Trade and Integration of the Republic of Kazakhstan dated December 6, 2023 No. 420-НК, changes were made to the Rules of exchange trading in the coal section regarding the sale of coal only to regional operators included in the information of the Ministry of Industry and Construction, in the context of each region in order to ensure uniform meet regional needs.
The rules come into force on December 22, 2023.
To ensure transparency of pricing in the coal market in order to prevent sharp price increases, sellers will ensure the sale of municipal coal through the commodity exchange in the following order:
50% of the volume is sold at spot trading;
50% of the volume is sold subject to monthly payment and delivery for a period of 6 to 12 months.
