With Australian low-volatile contract prices for Q1 2016 set at US$81/t, one would think we have reached bedrock. However, global demand continues to weaken with largely due to China’s high levels of steel and coke exports. The fall in Australian mining costs is boosted again by further weakening of the AUD during January. These market pressures have caused an acceleration in high-cost mine closures and debt restructuring in the US. And, we forecast the Q2 price to fall further to US$78/t.
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Global coal markets are facing extraordinary challenges and uncertainties. Factors such as global overcapacity, weakening demand and falling prices have created cautious investors. These factors have caused delays and cancellations of many mine and infrastructure projects, as well as lower growth rates at others.
This Metallurgical Coal Market Short Term Outlook report gives global and regional coal producers, consumers, transporters and investors detailed supply, demand and price forecasts for the coal industry, covering all the key domestic markets in North America, China and India.
Use this report to gain a better understanding of market dynamics, including revenue and demand potential for different coals. It will also help you identify trade patterns and changes affecting the metallurgical coal markets.
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Commodity market report | Jan 2016
Global metallurgical coal short-term outlook January 2016
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