Coal Prices Soar As Demand Heats Up

2 Nov 2017   Coal, Prices

Coal prices are on the rise again. With benchmark rates in Australia up over 30 percent since July — approaching the $100/t mark that prevailed in November 2016 after a massive run-up last year. And a number of events the past week show that things could get even more heated in coal over the coming months. The biggest story recently has been China. Where a push to restrict coal imports has driven local prices to multi-year highs. With data this week from Platts showing that 102 coal-laden boats are currently anchored offshore of Chinese ports, unable to deliver their loads. That drop in imports has left local user hoarding supplies — with coal stockpiles held by China’s six largest power generators reportedly jumping nearly 16 percent in the past week, to 11.09 million tonnes. But Chinese regulators said this week they’re keeping a close eye on coal users. Stipulating […]

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