China is poised to witness a potential record surge in the import of Mongolian coking coal in 2024, following a more-than-doubling in 2023
In the Australian metallurgical coal market, prime hard coal prices are expected to remain stable despite low spot demand
Australia’s Queensland coal ship queues remain stubbornly high, as weather interruptions disrupted the usual December increase in exports
Australia’s metallurgical coking coal exports rose above 13mn t in November for the first time in five months
The first quarter of 2024 is kicking off with European steelmakers slowly resuming production, suspended since mid-2023
China faced difficulties to increase its coking coal supply notably in 2023, as frequent safety inspections soared
Met prices are driven primarily by China, then marginally by other regional demand sources, so let’s start there
China’s metallurgical coke production reached an estimated 490 million mt in 2023, up 3.6% from 2022.
Severe thunderstorms have caused flash flooding south-west of Brisbane, with the Bureau of Meteorology issuing warnings
Driven by the stabilization of the domestic macro-economy and higher-than-expected increase in steel exports, demand for steel has rebounded
Chinese prices of coking coal are seen softening this month amid a mild glut, as expected declines in hot metal output weigh on demand
Australian coking coal exports dropped 4% y-o-y to 147.84 million tonnes (mnt) in CY’23 as against 153.48 mnt in CY’22