Australia flooding tightens regional thermal coal supply, supports prices

摘要

Singapore—Asian thermal coal supply is expected to tighten due to the floods in eastern Australia that have disrupted rail freight, impacted loading operations and are likely to delay shipments in the coming days as weather conditions worsen, but the impact on metallurgical coal operations has so far been limited, according to analysts and sources. Tighter supply from the Port of Newcastle is supportive for thermal coal prices, and comes just ahead of India's usual strongest demand period over April and May, when buyers restock for the monsoon season, which usually runs from May to September.