Commodity market report

Strong Q1 price, but lowering over 2017: Global metallurgical coal short-term outlook December 2016

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Report summary

After a number of years of declining prices the second half of 2016 turned exciting for metallurgical coal producers. Spot prices grew to nearly US$315/t and then began to ebb as supply constraints began to turn around. The Q1 contract price or for hard coking coal settled at US$285/t compared to the already strong price of US$200/t for the previous quarter. As more of the proposed production increases materialise the price should fall to US$123/t by the end of 2017.

What's included

This report contains

  • Document

    CMS metallurgical trade short term outlook December.xls

    XLS 2.01 MB

  • Document

    Strong Q1 price, but lowering over 2017: Global metallurgical coal short-term outlook December 2016

    PDF 341.95 KB

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    Strong Q1 price, but lowering over 2017: Global metallurgical coal short-term outlook December 2016

    ZIP 1.59 MB

Table of contents

    • Key market data
    • Key metallurgical coal prices - historical and forecast (US$/t)
    • China’s Q1 steel production and coal demand to lighten
    • Ilva and Riva reach deal on funds for environmental cleanup
    • European Economy performing stronger than expected
    • Tata Steel’s Port Talbot will continue producing for at least five years
    • The Trump presidency may not enormously boost metallurgical coal
    • US Federal Reserve raises interest rates

Tables and charts

This report includes 8 images and tables including:

Images

  • Prices: Image 1
  • Global & Chinese steel production (Mt)
  • Steel production - other major producers (Mt)
  • Global & China blast furnace iron production (Mt)
  • Blast furnace iron production - other major producers (Mt)
  • Supply: Image 1
  • Supply: Image 2

Tables

  • Executive summary: Table 1

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