Australian hard coking coal prices edged up slightly on the week, with both the FOB Australian and CFR China index now priced at $316/mt (+0.2% WoW).
WoW: FOB Aus +0.2%, CFR China +0.2%
MoM: Fob Aus -4.8%, CFR China -4.8%
YoY: Fob Aus -15.2%, CFR China -19.5%
Since price relativities are becoming more important for the industry in recent years, the following chart will be included in weekly updates:
Seaborne thermal coal indexes showed some dispersion this week, with Newcastle rebounding 5% while European (API2) and South African prices continued to slide lower.
WoW: API2 -2.4%, NEWC +5.1%, S. Africa -1.6%
MoM: API2 -11.8%, NEWC -1.0%, S. Africa -4.0%
YoY: API2 -27.2%, NEWC -44.3%, S. Africa -36.4%
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.
Earnings Releases
Peabody Q4 2023: Missed Analyst Estimates, Lower Earnings, But Strong Guidance for 2024
Anglo American’s Queensland Met Coal Falls Short of Guidance
Met Coal Updates
Steel Sector Updates
Thermal Updates
China Is Dominating the World’s New Coal Power Plant Pipeline
Indonesia unlikely to relinquish top exporter position in foreseeable future
Additions and Subtractions
New Hope commits A$105 million to Maxwell Mine project development
Queensland government gives green light to Whitehaven Coal’s Winchester South coal mine
Premium Updates
CONSOL Post-Earnings Thoughts (Substack link)
CONSOL ALERT (Substack link)
Pre-Earnings Narratives & Review (Substack link)
Alliance Post-Earnings Thoughts (Substack link)
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I'm a bit confused about the content links that are behind a separate paywall. Is this different content regarding the names you cover here?
I cannot believe that you also in your news, often cite 'global warming' anti coal propaganda...