Global metallurgical coal short-term outlook December 2019: market deals out range bound prices Report

Commodity Market Report 31 December 2019

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

Report summary

With the last month of 2019 in the books, December will go down as a return to steady state pricing. In a change from prior months, prices moved within a tight US$4/t range. Despite strong Chinese metallurgical coal demand, the spot market remained quiet notwithstanding an attractive domestic/import HCC price arbitrage. A slew of market determinants coalesced, giving traders pause as they plotted their next course of action leading up to Chinese Lunar New Year celebrations. Read the outlook to find out about: What caused the price containment in December? What can we expect moving into January as China moves towards the Lunar New Year? What are the lasting impacts of the 2019 import restrictions on early 2020 trading and price?

Imported HCC prices fail to rise - bound in tight range
Lifting of port restrictions in January opens up import cargoes
February brings a return to increased prices but on a slow rate
SSCC and PCI spot prices listless on subdued demand
China: mine slowdowns start in advance of Lunar New Year
China: safety inspections affect Shanxi production
Australia: supply growth challenged by bushfires
Australia: Lower 2020 guidance for United Wambo and Maules Creek
Australia: Carborough Downs resumes production
Australia: Bounty Mining suspends Cook
China: stronger hot metal production drives domestic coal demand amid looming holiday
India: Automobile sector continues to remain weak on wider economic concerns
India: JSW Steel and Jindal expanding metallurgical coke capacity.
India: ArcelorMittal and Nippon Steel Corporation acquired Essar Steel.

Tables and charts

This report includes 1 images and tables including:

Price Graph

What's included

This report contains:

cms_metallurgical_trade_short_term_outlook_december_2019.xls

XLS 3.16 MB
Global metallurgical coal short-term outlook December 2019: market deals out range bound prices

PDF 863.35 KB
Global metallurgical coal short-term outlook December 2019: market deals out range bound prices

ZIP 2.66 MB