
Coal News & Price Data – December 29, 2023 – Weekly Met Market Summary
During the holiday season, activity in the Australian seaborne prime hard market was limited, PLV Hard Coking Coal prices were $323.75/mt

During the holiday season, activity in the Australian seaborne prime hard market was limited, PLV Hard Coking Coal prices were $323.75/mt

Coal exports from Queensland, Australia, boomed in November 2023, rising 5.8% year-on-year to 17.3 million metric tons.

Benchmark PLV prices have been recently consolidating above $300/mt. Cyclone Jasper caused a price spike to $335 early in its development

China’s metallurgical coal imports are likely to edge higher and exceed 100 million tonnes in 2024, MySteel’s Xiong Chao predicted

Australian metallurgical coal prices dropped this week due to an influx of offers from traders and selling activity from end-users

Global miner Glencore said after some investors rejected its climate progress it will Updated its climate action transition plan in March

An accident in a coal mine in northern China’s Shanxi province left three people dead, state broadcaster CCTV reported Thursday.

Safety operators are threatening to strike at Australian resources firm BHP’s coking coal mines in Queensland

Safety operators at BHP’s coking coal mines are considering strike action, with voting on underway and the ballot closing on December 20

Asian metallurgical coal market showed stability with limited trading activity.

In light of the Ramaco 2024 Guidance Update, I updated my metallurgical coal price deck and valuations for each of the US met producers.

US metallurgical coal exports stood at 3.91 mmt, down 5% on a daily average basis compared to September but up 13% YoY.