Wood Mackenzie sees weather continuing to play a big role in coking coal prices

摘要

Wood Mackenzie, the highly respected consulting firm that made some big noise recently by suggesting that coking coal prices could reach the $400-500 window, warns that international coal prices could continue to be roiled by extreme weather in the Southern Hemisphere. "The Queensland floods, heavy rains and floods in Colombia and Venezuela and the recent derailments in South Africa and Colombia could remove at least 18 million tonnes of seaborne coal from the market in 2011, mainly hard coking coal," Wood Mac noted. "The flooding will have a significant impact on the global export market."