La Niña warning fails to boost seaborne coking coal prices in Australia

Seaborne coking coal prices remained stable on Tuesday October 24, even as the Australian Bureau of Meteorology warned of the potential for extreme weather in eastern states in the coming months.

The weather bureau said there was a higher chance of La Niña this year – a weather phenomenon that typically brings above-average rainfall to eastern Australia.

The warning did not result in immediate concerns about future seaborne coking coal supply among market participants, however, as the weather bureau said that its rainfall outlook remains neutral due to...


Deepali Sharma

October 24, 2017

14:21 GMT