Global

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  • Industry: Energy & Natural Resources, Mining
  • Type: Business and industry issue
  • Date: 1/1/2012

Metallurgical Coal Q4 2011 – January 2012 

The high quality metallurgical coal (“Met coal”) prices for the December quarter 2011 (Japanese Fiscal Year 3Q 2011) have seen contract settlement of US$285/t FOB Australia, down 9.5% from US$315/t from September quarter and $45/t from the record $330/t quarterly benchmark set in 2nd quarter of the year. The drop is seen because of recovery in the operations of Australia’s coal producing regions which were affected by floods during December 2010 and initial months of 2011.
metallurgical coal january 2012
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