Tropical Cyclone Debbie has left more than uprooted trees and overturned boats in its wake: The seaborne metallurgical coal market has also been upended, with China coming out as the top seller in the spot market from being the single largest buyer a year ago.
Posts tagged ‘Cyclone Debbie’
April 6, 2017 04:01 UTC
They say the past is a good guide to the future, providing a map by which to navigate unknown terrain ahead.
This may be so with regard to the impact of Queensland cyclones on prices for Australian thermal coal shipped from the port of Newcastle, the main reference point for the trade, according to an analysis using S&P Global Platts data.