Weekly Coal Index Report
If China thought it could depress the price of Australian coal by banning it, they must surely be
unpleasantly suprised.
As Chinese domestic prices are back on the boil, the Newcastle forward curve has leaped ahead, with prices for 3-month delivery at over $120.
South African coal is back to being the poorer cousin, as the FOB spread widens once more. Colombia’s Cerrejon has declared force majeure as workers continue to blockade both the mine and rail line, contributing to tightness in the Atlantic market.
Meanwhile, the Russian government is funding more than $10-bn of railroad upgrades to boost exports of coal. As most coal exporting nations don’t seem to be backing down on production now, there will surely emerge a supply glut in the medium term, especially as Pakistan joins India in earnest to (once again) try and encourage domestic coal production to replace imports. Only time will tell if they can get it right.
For now though, the wider energy complex remains bullish, with gas and oil prices looking ready to rally once again this week.
Short term coal tightness appears set to continue as well, with SA exporters also finding the domestic supply chain difficult to move tonnes through.
SA is now back on an adjusted Level 2 lockdown but this should have no effect on coal production.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation