Commodity Market Report
Global metallurgical coal short-term outlook February 2023
Report summary
The Queensland PHCC benchmark price nearly hit the US$400/t level, last seen in early June 2022. However, high-priced offers from suppliers for fresh spot cargoes collided with lower-priced re-offered cargoes from steel mills’ term contract arrangements, causing market turbulence. Prices quickly fell back below US$350/t. With the end of wet weather in March, we still expect prices to stay above USD$300/t because of limited improvement in PHCC supply and more robust demand, amid a rally in steel prices. China has lifted the ban on Australian coal as Aussie thermal coal imports have been flowing into China at a rate close to the pre-ban level. International met coal price spreads will normalise as disruptions ease from Q2, with growing demand from China for Australian-origin coal.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Commodity Market Report
Global Metallurgical Coal Strategic Planning Outlook 2024
Metallurgical coal’s seaborne imports will continue to grow until 2050, with India and Southeast Asia remaining key regions for growth
$10,000
Commodity Market Report
Global metallurgical coal short-term outlook March 2024
Premium hard coking coal prices plummet due to soft demand and increased supply
$5,000
Commodity Market Report
Global metallurgical coal short-term outlook February 2024
Premium hard coking coal prices eased with soft demand and higher supply from Australia
$5,000