Metallurgical prices continue marching higher, with each index up slightly WoW, as safety issues and BHP production guidance create supply worries. Both FOB Australia and CFR China priced at $334.50/mt.
WoW: FOB Aus +0.8%, CFR China +0.8%
MoM: Fob Aus +2.3%, CFR China +2.3%
YoY: Fob Aus +5.9%, CFR China -0.4%
Seaborne thermal indexes continued their downward trajectory this week. Newcastle prices plunged 7% on the week, while API2 and South African thermal fell 2.6% and 1%, respectively.
WoW: API2 -2.6%, NEWC -7.0%, S. Africa -1.0%
MoM: API2 -8.6%, NEWC -13.5%, S. Africa -5.1%
YoY: API2 -39.2%, NEWC -66.3%, S. Africa -43.7%
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.
Positive News for Met Markets:
Coal Mine Accidents:
Whitehaven provides some clarity on debt market for coal:
Private debt behemoths back Whitehaven’s $6.3 billion coal buy
Private capital checks out Anglo American’s coal mines as stock dives
More 2023 Statistics:
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