Met Coke Prices Drop WoW
March 22, 2024
Indian met coke prices have been recorded at INR 33,500/tonne (t) ex-Jajpur this week. Prices dropped by INR 500/t w-o-w.
Category: Met Coal
M Resources & GEAR plan funding round after $1.65B coal mine buy
March 22, 2024
Australian coal trader M Resources and Singapore’s GEAR plan a funding round after their $1.65-billion purchase of South32’s Illawarra
Glencore Abandons Coal Production Cap
March 22, 2024
Australia’s biggest thermal coal producer, Glencore, has withdrawn a promise to keep annual coal production below 150 million tonnes
More investors push Glencore to keep coal post-Teck deal
March 22, 2024
A growing group of Glencore opens new tab investors are keen for it to keep mining coal instead of spinning out the soon-to-be enlarged unit
Fitch Increases Iron Ore & Coking Coal Price Assumptions
March 22, 2024
Fitch Ratings, a prominent international credit rating agency, has updated its financial price forecasts for iron ore and coking coal
Coal News & Price Data – March 21, 2024 – Coking Coal Prices Finally Bottom?
March 21, 2024
Oversupply in spot markets, driven by subdued demand in India and China, led to decreased prices. China’s declining coking coal and coke production adds to the oversupply. Indian steelmakers adopt a cautious approach ahead of elections.
Coal News & Price Data – March 21, 2024 – Coking Coal Prices Finally Bottom?
March 21, 2024
Oversupply in spot markets, driven by subdued demand in India and China, led to decreased prices.
Australian Coking Coal Prices Continue Falling
March 21, 2024
Decline in Australian coking coal prices can be attributed Weak global steel demand
Australia Coal Miners Woo Private Capital as Banks Get Leery
March 21, 2024
Australian coal producers are increasingly dabbling in high-interest private loans as lenders look to replace reluctant banks
Cape Breton Coal Mine Closed by Roof Falls Allowed to Resume Year-Round Operations
March 21, 2024
A Cape Breton coal mine that had been ordered to cease operations after two roof falls last summer
Global Coking Coal Prices Fall Significantly in March
March 21, 2024
According to S&P Global, Australian coking coal quotations (FOB Australia) fell by 11.7% over two weeks in March (March 1-14) to $270.9/t
Met Producer Comps
March 20, 2024
Now that we’ve seen another annual rug pull in metallurgical coal markets, I thought it appropriate to revise forecasts and valuation comps