Commodity Market Report
Global metallurgical coal short-term outlook October 2024
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Report summary
Australian PLV FOB prices are projected to remain below US$200/t in November, fluctuating between US$190–215/t as soft steel demand counters stimulus-led optimism from China. India’s post-monsoon restocking may lend mild support, with a slight uptick anticipated in December as the wet season constrains supply. China’s CFR price is expected to stay above US$210/t through December, boosted by pre-Lunar New Year restocking and supportive policies, though the effectiveness of stimulus measures remains uncertain.
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