COKING COAL DAILY: Weather concerns emerge in the seaborne market

The seaborne coking coal spot market was largely stable on Thursday February 7 despite the emergence of supply concerns in Queensland, Australia, following closure of ports in the country.

Abbot Point Coal Terminal closed earlier on in the week due to flash flooding and land slips in North Queensland, Australia, it said on Thursday February 7. Abbot Point shipped 1.8 million tonnes of coal - including thermal coal - last month, down 26.3% year on year. “Coal cargoes cannot be discharged at the [Abbot Point] port and there are 22-23 vessels at the anchor as...

Published

Sophie Zhao

February 07, 2019

10:05 GMT

Shanghai