Weekly Price Update
Metallurgical prices are up slightly WoW with both FOB Australia and CFR China priced at $329/mt.
WoW: FOB Aus +1.9%, CFR China +1.9%
MoM: Fob Aus -1.5%, CFR China +3.1%
YoY: Fob Aus +5.0%, CFR China -6.9%
API2 (Rotterdam) bounced during the week due to colder weather forecasts, whereas Newcastle and S. Africa were down to flat.
WoW: API2 +7.1%, NEWC -2.5%, S. Africa +0.2%
MoM: API2 -5.6%, NEWC -15.1%, S. Africa -6.1%
YoY: API2 -32.7%, NEWC -67.1%, S. Africa -40.6%
Weekly News & Summary
Here’s the weekly rundown of the most important Coal News and Market information which I’ve curated for free and paid subscribers:
Indian Steel & Met Updates
Thermal Coal News
USA Thermal Outlooks
Chinese Steel & Met Updates
Reinstated Coal Import Tariffs Will Impact Coking Coal More Than Thermal Coal
China’s 2024 ‘Blue Sky War’ to add uncertainty to iron and steel markets
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