Another coal rail system reopens in Queensland; supply concerns persist

Chinese end users are reluctant to accept higher offer prices for seaborne coking coal cargoes, while for buyers in other parts of Asia concerns about longevity of supply tightness are paramount, market participants said on Thursday April 13.

The timeframe in which the coal rail system in Queensland, Australia, will return to normal operations following the outage due to cyclone Debbie will be crucial to determine the tonnages lost to the outage, a market participant said. The Newlands coal rail system reopened on Thursday April 13, ahead of the previous estimate of Friday April 14, rail freight operator Aurizon confirmed.   The system connects to the Abbot Point Coal Terminal. The Blackwater system had reopened to coal traffic on Monday April 10, and coal trains have been received at the Port of Gladstone, Aurizon said.   The Moura system, which also connects to the Port...

Published

Deepali Sharma

April 13, 2017

11:23 GMT

Singapore