Seaborne coking coal market braces for higher offers due to Cyclone Debbie

Uncertainties over the effects of Cyclone Debbie on coal mines and infrastructure in Queensland, Australia, kept the seaborne coking coal market quiet on Friday March 31.

But some market participants are anticipating higher offers to materialise next week.
“Cyclone Debbie moved out to sea overnight and is not expected to redevelop and poses no threat to the mainland,” the Australian Bureau of Metrology said on Friday.
“While the heavy rainfall affecting the south-east has eased, flooding is expected to continue for several days as the floodwaters make their way through rivers and streams,” Victoria Dodds, Queensland’s regional hydrology manager, said in the statement.

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Deepali Sharma

March 31, 2017

11:30 GMT