Australian met coal values collapse amid Chinese import halt

摘要

Singapore—China’s halt on Australian metallurgical coal imports has resulted in higher prices for non-Australian met coals and shifted the traditional price differential relationships between coals of different origins. With no relaxation of the import ban expected until next year, market participants anticipate Australian met coal values will remain weaker relative to other origins in the near term. Non-Australian met coals have been trading at higher levels, driving up benchmark indices on a CFR China basis. S&P Global Platts assessed Premium Low Vol hard coking coal $14/mt, or 11%, higher week on week to $137/mt CFR China as of Nov. 2.