Coal Market Overview

Metallurgical Coal Market

  • Rally driven by China supply cuts
  • LV PCI typically 72% - 84% of HCC
  • Spot LV PCI - ~US$115/t*
  • LV PCI benchmark since acquisition
    • Q3 CY16 – US$75/t
    • Q4 CY16 – US$133/t
    • Q1 CY17 – US$180/t

Hard Coking Coal and LV PCI Coal Benchmark Prices

* Note – JFY (Japanese Financial Year) – begins 1st Apri

Thermal Coal Market

  • China supply cut rally – peaked
    • Robust demand remains
  • Spot– US$84.00/t * (Newcastle 6300 – FOB)
  • 4200kcal/kg GAR
    • typically 48-52% of Newcastle** 6300 – FOB
    • Spot – US$42.00/t*

* Source – Platts 27/01/17; ** Reference:- Internal Salva Resources marketing report - 2012

  Subscribe to Email Alerts