Commodity market report
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10 Pages

Global metallurgical coal short-term outlook June 2016

Global metallurgical coal short-term outlook June 2016

Report summary

Glencore and Nippon Steel Sumitomo Metals agreed to a price of US$92.50/t for Q3 2016. The settlement followed a rapid rise in spot prices in April and early May to over US$100/t, and more recently at around US$90/t. Although the new contract price is in the right direction for producers, 16% of the global production would still be making negative margins. Increases from Grosvenor and Moztize and an easing of Chinese mine restrictions will put downward price pressure on Q4.

What's included?

This report includes 2 file(s)

  • Global metallurgical coal short-term outlook June 2016 PDF - 412.79 KB 10 Pages, 1 Tables, 7 Figures
  • cms metallurgical trade short term outlook June 2016 V3.xls XLS - 1.78 MB


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.

Wood Mackenzie is the only coal industry service provider that offers a market outlook integrated with other sector analyses, including macroeconomics, coal supply, steel markets and gas and power markets. Our coal analysts are based in the markets they analyse. They work with objective, proprietary data to help you maximise your current and future investments.

From market dynamics to trade patterns, we give you confidence in your strategic planning.

  • Executive summary
  • Prices
    • Metallurgical coal price forecast
  • Supply
    • Queensland exports increased in May
      • Queensland Exports
    • BHP expects metallurgical coal tonnes to increase and costs to decrease
    • US exports continue to fall
      • US exports from Hampton Roads
    • Intense flooding may constrict US met supply
    • China production declines and price rises
    • BHP exits Indonesian investment
    • Glencore decides to close Tahmoor in 2019
    • US high-volatile coal availability tightens
  • Demand
    • Brexit adds uncertainty to markets
    • Flower show will lead to lower June steel output in Tangshan
    • Ukrainian coke production slows due to rail strike
    • Steel production climbs

In this report there are 8 tables or charts, including:

  • Executive summary
    • Key market data
  • Prices
    • Prices: Image 1
  • Supply
    • Supply: Image 1
    • Supply: Image 2
  • Demand
    • Demand: Image 1
    • Demand: Image 2
    • Demand: Image 3
    • Demand: Image 4
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