Insight
Value-in-use metallurgical coal costs 2026
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Value-in-use (VIU) costs for seaborne export metallurgical coal in 2026 are on average 26% above unadjusted levels, lifting the 90th percentile cost by 23% to US$218/t. We estimate VIU costs across HCC, SCC and PCI, with the impact most pronounced for SCC and PCI due to their steeper quality discounts against the Queensland premium low-volatile hard coking coal benchmark.
Table of contents
- Executive summary
- Metallurgical coal VIU costs by country and company
- VIU costs split by HCC, SCC and PCI
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VIU methodology
- Metallurgical coal price assumptions Q2 2026
Tables and charts
This report includes the following images and tables:
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Metallurgical coal seaborne export total cash costs curve 2026 (VIU)Met coal seaborne export total cash costs 2026VIU met export production in the top decile (Mt)
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Average metallurgical coal seaborne export total cash costs by country 2026Average metallurgical coal seaborne export total cash costs by company 2026 (VIU) attributable basisHCC seaborne export total cash costs curve 2026 (VIU)SCC seaborne export total cash costs curve 2026 (VIU)PCI seaborne export total cash costs curve 2026 (VIU)Wood Mackenzie Benchmark HCC Price Assumptions (US$/t FOB Port)Other Metallurgical Coal Price Assumptions (US$/t FOB Port)Exchange Rate Assumptions (local currency unit per US$)
What's included
This report contains:
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