COKING COAL QUARTERLY: Supply disruptions set to raise Q4 contract price

摘要

Japanese buyers of seaborne coking coal are expected to pay over10% more for their October-December volumes in comparison withthe preceding quarter amid a surge in spot prices last month.While these Japanese mills used to negotiate a contract price withcoking coal producers every quarter, a breakdown in talks followingsupply disruptions in the wake of Cyclone Debbie - which hitAustralia’s coal-producing hub of Queensland between late Marchand early April - led to a switch to an index-linked pricingmechanism.