Commodity Market Report
Global metallurgical short-term outlook May 2024
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Queensland PLV prices experienced acute volatility over the month as they hit US$250/t early in the month before falling to a floor of US$236/t around mid-month. The active procurement of Chinese users and traders in early May temporarily generated a minor price uptick, but the overall gloomy demand could not be reverted as easily. FOB prices rose to US$248/t in late May before retreating to US$244/t by the end of May. This acute volatility was dominated by a bullish position for July cargoes from traders even as discounted June trades have capped the exuberance. Prices will trend upwards off sentiment in July supply tightness but the sustainability of an increase relies heavily on the potential of a demand resurgence in Q3. Read our report to understand: • How will prices develop in H2 2024? • When will coal production and steel demand rebound in China? • What drivers will drive premium hard coking coal prices in 2024? • What is the outlook for Indian demand in Q3 2024?
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
