Analysis of the current state and development prospects of exchange trading of utility and household coal in the Republic of Kazakhstan. “Caspy Commodity Exchange” JSC
| Consume | Jan | Feb | Mar | Apr | May | June | July | Aug | Sept | Oct | Nov | Dec | Total 2026 |
| Household and utility coal | 113 087 | 83 334 | 40 269 | 14 895 | 38 503 | 76 698 | 121 210 | 170 059 | 219 258 | 244 701 | 189 628 | 128 645 | 1 440 286 |
| Direct contracts (off exchange) 50% | 55 489 | 40 849 | 20 316 | 8 338 | 17 213 | 35 956 | 60 312 | 86 326 | 108 708 | 122 791 | 94 518 | 65 594 | 716 409 |
| Exchange contracts 50% | |||||||||||||
| In particular: | 57 598 | 42 485 | 19 953 | 6 557 | 21 290 | 40 742 | 60 898 | 83 733 | 110 550 | 121 910 | 95 110 | 63 051 | 723 877 |
| spot trading | 27 650 | 20 300 | 10 150 | 4 200 | 7 700 | 17 500 | 29 750 | 43 050 | 54 250 | 61 250 | 47 600 | 32 200 | 355 600 |
| annual contracts | 29 948 | 22 185 | 9 803 | 2 357 | 13 590 | 23 242 | 31 148 | 40 683 | 56 300 | 60 660 | 47 510 | 30 851 | 368 277 |
| Supply region | Jan | Feb | Mar | Apr | May | June | July | Aug | Sept | Oct | Nov | Dec | Total 2026 |
| Abai Region | 18 167 | 13 448 | 4 144 | 1 350 | 7 424 | 9 624 | 16 071 | 22 374 | 35 500 | 39 050 | 33 300 | 21 300 | 221 750 |
| East Kazakhstan Region | 31 481 | 20 787 | 14 757 | 4 039 | 12 350 | 28 050 | 51 150 | 71 740 | 79 515 | 80 725 | 50 200 | 35 900 | 480 693 |
| Akmola Region | 10 806 | 8 745 | 5 345 | 1 682 | 4 664 | 8 184 | 10 786 | 12 167 | 14 768 | 16 749 | 15 259 | 10 647 | 119 802 |
| Astana | 5 402 | 4 373 | 2 673 | 1 016 | 2 506 | 4 092 | 5 393 | 5 584 | 6 885 | 8 375 | 7 455 | 5 299 | 59 053 |
| Kostanay Region | 4 481 | 3 899 | 2 391 | 922 | 1 898 | 3 309 | 4 473 | 4 637 | 5 801 | 7 129 | 6 640 | 4 392 | 49 972 |
| North Kazakhstan Region | 7 468 | 6 498 | 3 869 | 1 301 | 3 282 | 5 747 | 7 455 | 8 076 | 9 784 | 12 114 | 10 950 | 7 318 | 83 862 |
| Karaganda Region | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pavlodar Region | 2 962 | 1 858 | 318 | 252 | 503 | 1 532 | 2 847 | 4 095 | 5 974 | 6 651 | 5 873 | 4 086 | 36 951 |
| Almaty Region | 12 824 | 8 678 | 1 898 | 1 511 | 1 898 | 5 657 | 8 678 | 17 707 | 29 792 | 39 206 | 28 282 | 15 846 | 171 977 |
| Almaty | 3 941 | 2 665 | 462 | 347 | 462 | 1 622 | 2 665 | 5 330 | 8 804 | 11 584 | 8 457 | 4 634 | 50 973 |
| Zhambyl Region | 4 311 | 2 200 | 1 169 | 1 087 | 503 | 1 858 | 3 213 | 7 278 | 8 130 | 7 278 | 8 130 | 6 525 | 51 682 |
| Jetisu Region | 11 244 | 10 184 | 3 244 | 1 388 | 3 013 | 7 023 | 8 479 | 11 071 | 14 305 | 15 840 | 15 082 | 12 698 | 113 571 |
| Kyzylorda Region | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Aktobe Region | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 113 087 | 83 334 | 40 269 | 14 895 | 38 503 | 76 698 | 121 210 | 170 059 | 219 258 | 244 701 | 189 628 | 128 645 | 1 440 286 |
| Consume | Jan | Feb | Mar | Apr | May | June | July | Aug | Sept | Oct | Nov | Dec | Total 2025 |
| Graded Coal (15.9%, 25–300 mm, 25–50 mm) | 119 950 | 80 500 | 37 500 | 23 200 | 44 050 | 63 700 | 81 700 | 113 350 | 132 850 | 137 200 | 125 700 | 107 800 | 1 067 500 |
| Direct Contracts (off-exchange) 50% | 59 975 | 40 250 | 18 750 | 11 600 | 22 025 | 31 850 | 40 850 | 56 675 | 66 425 | 68 600 | 62 850 | 53 900 | 533 750 |
| Exchange Contracts 50% | 59 975 | 40 250 | 18 750 | 11 600 | 22 025 | 31 850 | 40 850 | 56 675 | 66 425 | 68 600 | 62 850 | 53 900 | 533 750 |
| including: | |||||||||||||
| spot trading | 29 988 | 20 125 | 9 375 | 5 800 | 11 013 | 15 925 | 20 425 | 28 338 | 33 213 | 34 300 | 31 425 | 26 950 | 266 875 |
| annual contracts | 29 988 | 20 125 | 9 375 | 5 800 | 11 013 | 15 925 | 20 425 | 28 338 | 33 213 | 34 300 | 31 425 | 26 950 | 266 875 |
| Region | June | July | August | September | October | November | December | Total |
| Akmola | 3 450 | 3 450 | 3 450 | 3 450 | 3 450 | 3 450 | 3 450 | 24 150 |
| Almaty | 7 935 | 7 935 | 7 935 | 7 935 | 7 935 | 7 935 | 7 935 | 55 545 |
| Zhambyl | 1 725 | 3 450 | 3 450 | 3 450 | 3 450 | 3 450 | 3 450 | 12 075 |
| Zhetysu | 5 175 | 5 175 | 5 175 | 5 175 | 5 175 | 5 175 | 5 175 | 35 225 |
| Karaganda | 8 970 | 8 970 | 8 970 | 8 970 | 8 970 | 8 970 | 8 970 | 62 790 |
| Kyzylorda | 3 450 | 3 450 | 3 450 | 3 450 | 3 450 | 3 450 | 3 450 | 24 150 |
| Kostanay | 6 210 | 6 210 | 6 210 | 6 210 | 6 210 | 6 210 | 6 210 | 43 470 |
| Pavlodar | 690 | 690 | 690 | 690 | 690 | 690 | 690 | 4 830 |
| North Kazakhstan | 2 760 | 2 760 | 2 760 | 2 760 | 2 760 | 2 760 | 2 760 | 19 320 |
| Turkistan | 15 525 | 15 525 | 15 525 | 15 525 | 15 525 | 15 525 | 15 525 | 108 675 |
| Ulytau | 690 | 690 | 690 | 690 | 690 | 690 | 690 | 4 830 |
| Almaty city | 1 380 | 1 380 | 1 380 | 1 380 | 1 380 | 1 380 | 1 380 | 9 660 |
| Astana city | 3 795 | 3 795 | 3 795 | 3 795 | 3 795 | 3 795 | 3 795 | 26 565 |
| Shymkent city | 8 625 | 8 625 | 8 625 | 8 625 | 8 625 | 8 625 | 8 625 | 60 375 |
| Total | 70 380 | 70 380 | 70 380 | 70 380 | 70 380 | 70 380 | 70 380 | 492 660 |
| Jan | Feb | Mar | Apr | May | June | July | Aug | Sept | Oct | Nov | Dec | Total | |
| Sales Plan, tons | 276 000 | 277 802 | 250 202 | 229 504 | 227 424 | 257 370 | 273 930 | 316 848 | 311 190 | 317 788 | 304 014 | 289 248 | 3 331 320 |
| Exchange-Traded Contracts, total: | 138 000 | 138 901 | 125 101 | 114 752 | 113 712 | 128 685 | 136 965 | 158 424 | 155 595 | 158 894 | 152 007 | 144 624 | 1 665 660 |
| Exchange-Traded Contracts, including Annual Contracts: | 0 | 0 | 0 | 79 705 | 79 190 | 86 677 | 90 817 | 101 546 | 100 132 | 101 781 | 98 338 | 94 646 | 832 830 |
| Exchange-Traded Contracts, including Spot Trading: | 138 000 | 138 901 | 125 101 | 35 047 | 34 522 | 42 009 | 46 149 | 56 878 | 55 464 | 57 113 | 53 670 | 49 978 | 832 830 |
| Region/Province | Month | June | July | Aug | Sept | Oct | Nov | Dec |
| Volume, tons | 10 500 | 10 500 | 10 500 | 10 500 | 21 000 | 21 000 | 21 000 | |
| Fraction, mm | 0-300 | 0-300 | 0-300 | 0-300 | 0-300 | 0-300 | 0-300 | |
| 0-50 | 0-50 | 0-50 | 0-50 | 0-50 | 0-50 | 0-50 | ||
| 10-80 | 10-80 | 10-80 | 10-80 | 10-80 | 10-80 | 10-80 | ||
| Akmola Region | 21 000 | 2 100 | 2 100 | 2 100 | 2 100 | 4 200 | 4 200 | 4 200 |
| Kostanay Region | 21 000 | 2 100 | 2 100 | 2 100 | 2 100 | 4 200 | 4 200 | 4 200 |
| Pavlodar Region | 21 000 | 2 100 | 2 100 | 2 100 | 2 100 | 4 200 | 4 200 | 4 200 |
| East Kazakhstan Region (EKR) | 10 500 | 1 050 | 1 050 | 1 050 | 1 050 | 2 100 | 2 100 | 2 100 |
| North Kazakhstan Region (NKR) | 21 000 | 2 100 | 2 100 | 2 100 | 2 100 | 4 200 | 4 200 | 4 200 |
| Almaty Region | 10 500 | 1 050 | 1 050 | 1 050 | 1 050 | 2 100 | 2 100 | 2 100 |
Indices/Quotes
Coal, Grade D (JSC Karazhyra)
Supplier: JSC Karazhyra
Product Description: Coal grade D, utility/household, Size class 0–300 mm, Qri (Lower Heating Value) – 4,900 kcal/kg, Ad (Ash content) – 15.9%, ST RK 1816-2014
Delivery Term: FCA
Delivery Basis: Degelen station
Price: The product price is quoted in tenge, inclusive of VAT.
Indices/Quotes
Coal, Grade D (LLP VostokUgolProm)
Supplier: LLP VostokUgolProm
Product Description: Coal grade D, utility/household, Size class 25–300 mm, Qri (Lower Heating Value) – 5,000 kcal/kg, Sdt (Sulfur) – 0.50%, Ad (Ash content) – 16%, Wrt (Total Moisture) – 14.0%, Vdaf (Volatile Matter) – 47.0%, ST LLP 151140021791-12-073-2022
Delivery Term: EXW
Delivery Basis: Karazhyra Coal Mine
Price: The product price is quoted in tenge, inclusive of VAT.
Indices/Quotes
Coal, Grade D (JSC Shubarkol Komir)
Supplier: JSC Shubarkol Komir
Product Description: Run-of-mine coal (0–300 mm), grade D, subgroup DV, for household use, low ash content, ST RK 1526-1-2022
Delivery Term: FCA
Delivery Basis: Kyzylzhar station / Shubarkol station
Price: The product price is quoted in tenge, inclusive of VAT.
Indices/Quotes
Coal, Grade D (JSC Shubarkol Komir)
Supplier: JSC Shubarkol Komir
Product Description: Screened coal (25–300 mm), grade D, subgroup DV, for household use, low ash content, ST RK 1526-1-2022
Delivery Term: FCA
Delivery Basis: Kyzylzhar station / Shubarkol station
Price: The product price is quoted in tenge, inclusive of VAT.
Regulated spot trading index, Karazhyra - 2025
| Average price per month, KZT/ton | ||||||||||||
| Jan | Feb | Mar | Apr | May | June | July | Aug | Sept | Oct | Nov | Dec | |
| FCA st. Degelen (delivery *T+3 months) | 10 094 | 10 283 | 10 414 | - | - | 10 151 | 10 659 | 10 604 | 10 549 | - | - | - |
OTC index Coal, Karazhyra – 2025
| Average price per month, KZT/ton | ||||||||||||
| Jan | Feb | Mar | Apr | May | June | July | Aug | Sept | Oct | Nov | Dec | |
| FCA st. Degelen | 9 503 | 8 011 | - | - | - | - | - | - | - | - | - | - |
Annual Coal auctions, Karazhyra – 2024
| Average price per month, KZT/ton | ||||||||||||
| Jan | Feb | Mar | Apr | May | June | July | Aug | Sept | Oct | Nov | Dec | |
| FCA st. Degelen | - | - | - | - | - | - | - | - | - | - | - | - |
Regulated spot trading index, VostokUgolProm - 2025
| Average price per month, KZT/ton | ||||||||||||||||||||||||
| Jan | Feb | Mar | Apr | May | June | July | Aug | Sept | Oct | Nov | Dec | |||||||||||||
| Karazhyra coal mine (delivery *T+1 month) | 8 006 | 8 123 | 8 243 | 8 198 | 8 302 | 8 395 | 8 466 | 8 611 | - | - | - | - | ||||||||||||
OTC index Coal, VostokUgolProm – 2025
| Average price per month, KZT/ton | ||||||||||||||||||||||||
| Jan | Feb | Mar | Apr | May | June | July | Aug | Sept | Oct | Nov | Dec | |||||||||||||
| Karazhyra coal mine | 8 390 | 8 050 | 7 850 | - | 8 050 | 7 850 | 15 190 | - | - | - | - | - | ||||||||||||
Annual Coal auctions, VostokUgolProm – 2025
| Average price per month, KZT/ton | ||||||||||||
| Jan | Feb | Mar | Apr | May | June | July | Aug | Sept | Oct | Nov | Dec | |
| Karazhyra coal mine | 8 049 | 8 113 | - | - | - | - | - | - | - | - | - | - |
Regulated spot trading index, Shubarkol komir - 2025
| Average price per month, KZT/ton | ||||||||||||||||||||||||
| Jan | Feb | Mar | Apr | May | June | July | Aug | Sept | Oct | Nov | Dec | |||||||||||||
| st. Kyzylzhar/st. Shubarkol | - | - | - | 8 136 | 8 207 | 8 242 | 8 365 | 8 352 | 8 175 | 8 210 | - | - | ||||||||||||
Sellers:
Coal producer engaged in extraction under a subsoil use contract (coal mine, coal pit) and/or coal processing (enrichment).
Buyers:
Market entity (wholesale supplier or retail distributor of utility coal) that, on the basis of ownership rights or other legal grounds, has a railway siding technically equipped (weighing equipment, loading/unloading machinery), with the capacity to store and ship coal and to sell it to the population for personal use, accredited by the commodity exchange on the basis of information provided by local executive authorities.
Trading Mode: Double Counter Anonymous Auction
Delivery Terms: EXW, FCA (Incoterms 2020)
Lot Size: 300–350 tons
Price Corridor: The price level formed during the trading session shall not exceed one hundred and one percent of the base price.
Guarantee Collateral: 1% of the expected transaction amount shall be deposited into the clearing account of LLP KazEnergy Consult. The funds are refundable upon fulfillment of the obligations under the transaction.
Analysis of the current state and development prospects of exchange trading of utility and household coal in the Republic of Kazakhstan. “Caspy Commodity Exchange” JSC
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