Australian hard coking coal prices were flat on the week, with both the FOB Australian and CFR China index now priced at $316/mt.
WoW: FOB Aus 0.0%, CFR China 0.0%
MoM: Fob Aus -5.5%, CFR China -5.5%
YoY: Fob Aus -17.1%, CFR China -21.2%
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 continued their slide this week, with all three indexes lower.
WoW: API2 -1.6%, NEWC -2.6%, S. Africa -1.0%
MoM: API2 -10.8%, NEWC +3.8%, S. Africa -4.0%
YoY: API2 -30.8%, NEWC -41.4%, S. Africa -35.4%
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 Updates:
Whitehaven Coal Profits Plummet But Transformation to Met Coal Giant Takes Shape
Coal India Posts Record Profit on Demand for Summer Reserves
Producers Making Moves
Coal Market Updates
Steel Market Updates
Premium Updates
Arch’s Earnings Call Notes (linked here, website subs only)
Seaborne Thermal Warning (linked here)
Updated Met Price Deck and Commentary (linked here, website only)
Updated Thermal Price Deck and Commentary (linked here, website only)
Peabody Post-Earnings Thoughts (linked here)
Coming Soon
Arch Post-Earnings Thoughts
Warrior’s Earnings Call Notes
Warrior’s Post-Earnings Thoughts
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