Global metallurgical coal short-term outlook March 2018: Supply availability improves and prices recede
With more supply available, metallurgical coal prices started to decline in mid-March. Prices were stable at about US$230/t in the early March and fell by about US$40/t by the end of the month. Aurizon’s rail maintenance poses some risk to export levels in the near term as work is moving to the Goonyella line. Over the remainder of the year, numerous global mine expansions, extensions and re-openings will apply downwards pressure on prices.