
Australian Coking Coal Prices Continue Falling
Decline in Australian coking coal prices can be attributed Weak global steel demand

Decline in Australian coking coal prices can be attributed Weak global steel demand

Australian coal producers are increasingly dabbling in high-interest private loans as lenders look to replace reluctant banks

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

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

New Hope Group, a coal mining company, has reported its financial results for the half-year ended 31 January 2024

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

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

Overnight in Asia, coking coal prices continue to sell off, with PLV down another $1 from Friday to $270/mt.

There’s movement within the top echelons of Taurus Funds Management’s coal mine Foxleigh, bought from Anglo American in 2016