Whitehaven Coal expects pressure on seaborne coking coal market

Whitehaven Coal is expecting seaborne metallurgical coal prices to come under pressure due to a combination of import restrictions in China and the end of the cyclone season in Queensland, Australia.

Amid the restrictions and the end of the cyclone season, “metallurgical coal supply is likely to increase modestly in coming months leading to further price weakness,” the Australian coal miner said in its production report released on Thursday April 11. The Fastmarkets MB fob Australia Premium Hard Coking Coal Index was at $202.40 per tonne on Thursday, compared with $215.23 per tonne at the start...


Sophie Zhao

April 12, 2019

07:44 GMT