Insight

Metallurgical coal: Can prices continue to defy the global turmoil?

Get this report

$1,100

You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.
 

- FAQ's about online orders
- Find out more about subscriptions

19 March 2020

Metallurgical coal: Can prices continue to defy the global turmoil?

Report summary

Metallurgical coal has avoided the worst of the global turmoil in commodity and asset pricing brought on by the Coronavirus. While not immune to the seismic shift undergoing most economies, we look at the reasons why met coal prices have been shielded from major falls to date, and whether we can expect the resilience to continue. There are more challenging days ahead no doubt, but we identify the almost total dominance of China's role in met coal pricing, and market illiquidity, as key to its persistent outperformance.

Table of contents

  • Illiquidity has been working in metallurgical coal’s favour
    • But some Chinese mills still can not get all the coals they usually prefer
  • International coal exporters have problems of their own
  • EAF production has borne the brunt of Chinese steel demand falls
  • Can we expect metallurgical to continue to outperform?

Tables and charts

This report includes 3 images and tables including:

  • Chinese coal mine utilisation rates
  • Finished steel stocks at steel mills (Mt)
  • China coke capacity utilisation (%)

What's included

This report contains:

  • Document

    Metallurgical coal: Can prices continue to defy the global turmoil?

    PDF 786.57 KB

Trusted by leading organisations