Posted yesterday:
"Coking coal prices are surging, with prices now nearly double what they were two weeks ago as Cyclone Debbie caused massive supply disruptions to Australia’s coal industry.
The Cyclone caused serious damage to rail lines serving mines in the state of Queensland and also disrupted mining activities. It could take a month or longer for things to get back to normal, and according to Mining Weekly, roughly 12–13 million tons of Australian met coal cargoes destined for China, India, and Japan could be delayed.
Spot premium coking coal prices have surged above $300 per ton (FOB Australia)."
- http://www.economiccalendar.com/2017/04/11/coking-coal-prices-soar-due-to-supply-disruptions/
Queensland cyclone impact, page-52
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