
More wet weather hits Queensland
Severe thunderstorms have caused flash flooding south-west of Brisbane, with the Bureau of Meteorology issuing warnings

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

The coke market is operating weakly. The maintenance of blast furnaces in steel plants is just in need of suppression.

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

Australian prime hard metallurgical coal prices are showing signs of potential increase due to ongoing supply tightness

India plans to form a consortium of state-owned companies to facilitate coking coal imports to help with shortages

India’s consumption of metallurgical coal has increased by over 7% in 2023 to around 76 million tonnes (mmt)

Two new coke batteries open up in Indonesia as Chinese steelmakers continue their push to offshore productive capacity

Chinese coke makers seeking chances to hoard cost-effective metallurgical coal cargoes ahead of the country’s Lunar New Year holiday

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