The seaborne metallurgical coal market is entering Q1 2023 on a strong note amid growing hopes for easing trade between China and Australia and possibility of wet weather conditions in Queensland.
The benchmark Platts premium low-volatile hard coking coal prices, basis FOB Australia, increased $24/mt, or 9%, quarter-on-quarter to $294.50/mt, while PLV CFR China was up $7/mt or 2%, to $315/mt at the end of Q4.
Highlights:
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Highlights:
- Eyes on wet weather in Queensland for Q1 price outlook
- Met and thermal coal market disconnect could continue
- Spot market liquidity in 2022 declines to 9.8 mil mt
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