Global metallurgical coal short-term outlook April 2024 Report

Commodity Market Report 30 April 2024

Get this report*

$5,000

You can pay by card or invoice

Share link

First name
Last name
Job Title
Company
Email
Telephone

Country

Message

Consent

Please keep me informed about Wood Mackenzie products, services and events.

Submit Category

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders
- Find out more about subscriptions

*Please note that this report only includes an Excel data file if this is indicated in "What's included" below

Report summary

Australian PLV HCC prices bottomed out at US$224/t before rebounding in April, reaching their lowest level in ten months. Demand support from India fell away and ongoing concerns around the Chinese macroeconomy dragged on prices. However, a recovery in Chinese steelmaking profitability coupled with an Indian return to the markets has now lent demand, and prices, some support. While demand remains shaky, there are some new risks to supply on the horizon. A guidance downgrade from BMA and the potential for disruption from Anglo's longwall moves are bullish signals for prices. Read our report to understand: • How will prices develop in Q2 and H2 2024? • When should we expect to see demand and production recover in China? • What are the main risk factors for prices? • How will the monsoon season affect Indian demand patterns?