Sales prices

The prices of the Group’s basic products in 2012 were significantly lower than in 2011 (coking coal: (-) 22.9%, coke: (-) 19%). It should be noted at the same time that blast furnace coke prices in spot deliveries in the European market in 2012 in relation to 2011 dropped by approximately 35%. The reason for the lower prices of coking coal and coke was the decline in demand for coke due to lower demand for steel. The average price of steam coal remained at a much higher level than in 2011, but kept decreasing steadily from the beginning of 2012 (Q1 2012: PLN 322.47 per ton, Q1-Q2: PLN 320.48 per ton, Q1-Q3: PLN 319.80 per ton).

The prices obtained from the sales of products.

	2012	2011	Growth
Coal segment
Coking coal (PLN/t)	625.7	811.78	77.1%
Steam coal (PLN/t)	315.27	266.93	118.1%
Total (PLN/t)(1)	500.9	583.26	85.9%
Coke segment
Total (PLN/t)(2)	970.2	1 197.93	81.0%

(1) The prices pertain to deliveries of coal produced by the Group and include transportation costs incurred by the Parent Company amounting to, on average, PLN 11.07 per ton in 2012 and PLN 5.61 per ton in 2011.
(2) FCA prices pertain to the Group’s coking plants in the relevant periods.

download table