As prices for hard coking coal breach US$100/t for the second time this year, cautious optimism is the prevalent emotion of coal suppliers. China is at the heart of current volatility, yet again. Whilst steel capacity cuts are lifting steel price sentiment, forced coal mine capacity cuts have brought balance back to the metallurgical coal market. Flooding has added some extra heat to pricing. These favourable conditions will last long enough for Q4 contract prices to rise again, but once the effect of stimulus and supply-side reform wane, contract prices will likely fall below US$90/t. Of course, everything depends on the determination of Chinese authorities to see through their capacity reduction plans. We are pleased to announce the launch of our global, monthly supply-demand balance. We have expanded our import/export data to include all seaborne coal trading countries and present a monthly data series, from 2014 to end-2017.
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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 | Aug 2016
Global metallurgical coal short-term outlook July 2016
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