Extremely volatile metallurgical coal and coke prices, and delays in industry reference pricing is pushing uncertainty into the market. There is speculation around the rate of return for shipments from Queensland, and how much further restocking is expected.
At the recent Eurocoke conference in Dusseldorf, blast furnace met coke prices were heard to have won support from the cyclone, but demand at current higher prices is cautious for later cargos, given lead times and voyages. Uncertainty around Q2 benchmark coal pricing and effect on Central and Eastern European coke market were noted.
S&P Global Platts senior editor for steel raw materials and metals analyst, Hector Forster, talks to met coal and coke editor Elizabeth Low about these current trends and how China has turned into a new export met coal supplier.
Related blog post: Cyclone Debbie swings China into metallurgical coal supplier
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