Insight
Global metallurgical coal: 2018 in review
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
2018 began positively for metallurgical coal supply, suggesting a better year for coal availability, and moderating prices. But supply constraints in Australia and China soon returned to frustrate both buyers and affected suppliers. Meanwhile China's control over steel and coke supply, as well as another year of solid demand kept steel prices and margins at multi-year highs, laying the foundation for a near-repeat of 2017's record prices in the metallurgical coal trade.
Table of contents
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Executive Summary
- China's supply reforms, and pollution controls, continued to underpin prices
- Steel and coke sectors benefit from capacity control
- Chinese supply limits played a major role in keeping prices high
- Imports down after direct Government intervention into trade
- India gives a glimpse of its potential
- Australian supply disappoints again
- PCI and SSCC spot prices fail to fire, but term buyers appreciate their value
- US suppliers remind us of their unique ability to adapt
- 2 more item(s)...
Tables and charts
This report includes the following images and tables:
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Indian BF and met coal 2018Metallurgical coal prices 2018Change in seaborne metallurgical coal cash costsSeaborne metallurgical export cash costs and marginImplied long term coal price vs LV HCC spot price average
What's included
This report contains:
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