
Global Coking Coal Prices Fall Significantly in March
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

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

Now that we’ve seen another annual rug pull in metallurgical coal markets, I thought it appropriate to revise forecasts and valuation comps

Bearish: Premium PLV Hard Coking Coal benchmark prices were down $12/my to $251/mt on Wednesday, March 20, 2024.

China’s coal output is expected to increase 36 mmt, or 0.8%, to about 4.7B tonnes in 2024, slower than last year’s 2.9% growth.

Coal production in Kuzbass, Russia’s main coal-mining region where high-quality coal production is located, fell to 34.2 mmt in Jan-Feb 2024

Ukrainian steel and mining group sold 48% of its metallurgical and mining products in European Union countries in 2023

In October last year WHC emerged as the successful bidder for BHP’s Daunia and Blackwater coal assets (BMA Assets).

Corsa Coal Corp., a met coal producer based in Pennsylvania, recently reported its financial results for 2023.

Total coal traffic (including coking and non-coking) handled at Indian ports stood at 29.79 million tonnes (mnt) in February 2024

The cost of cleaning Elk Valley river from the toxic materials released by Teck Resources’ coal mining could be at least $4.7 billion

Turkey has experienced a significant increase in coking coal imports in January, as evidenced by the latest data.

Prices for Australian metallurgical coal in China that have been weakening since early February have slid further in the past few days