Global

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  • Industry: Energy & Natural Resources, Mining
  • Type: Business and industry issue
  • Date: 9/1/2011

Metallurgical Coal Q2 2011 – September 2011 

In the second of quarter of 2011, free on board (FOB) prices at the Port of Rizhao, China, started at a low of US$281.33/metric ton (mt) on April 1, 2011, and rose to a high of US$294.24/mt on June 30, 2011. Before the beginning of the second quarter, the benchmark price for April–June trade was estimated at US$330/mt, based on the contract price set by Anglo American with Japanese steelmakers. For the rest of the year, however, metallurgical coal (met coal) prices are expected to remain higher than US$300/mt, due to the high growth in demand from BRICSA (Brazil, Russia, India, China and South Africa) economies and because of severe flooding in the Bowen Basin of Queensland, Australia, which resulted in a drop in coal production and supply.
metallurgical coal september 2011
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