The Australian Metallurgical Coal Index fell below $580/mt amid sufficient spot supplies for April and favorable weather forecasts in Australia.

The buying activity of Indian traders has strengthened the coal price in South Africa to 275 USD/ton. India’s demand for Russian coal has declined, this is due to uncertainty over payment methods between the parties.
After the recent sharp rise in prices, raw material prices in South Africa are expected to be less volatile in the short term, as concerns about the European energy crisis are easing as winter draws to a close.
In China, spot prices for thermal coal NAR 5500 increased by $7/ton to $252/ton FOB Qinhuangdao, due to the COVID-19 outbreak, along with heavy rains in northern provinces and safety checks. at the mines has hindered the increase in supply. Uncertainty over coal shipments, as the Daqin railway is scheduled to undergo maintenance in April, also contributed to the price hike.
Australia’s 6000 index fell to $250 a ton, following European market trends and declining buyer interest, amid issues including: Rail delivery disruptions and increased cargo waiting for ships at Australian ports, due to heavy rain, storms and flooding in the country.
High volatility, typical of the current state of the global coal market, also affected the price of Indonesian coal 5900 GAR, which corrected to $210/mt after hitting historic highs in the first half of March. 2022. The upcoming Ramadan holiday (April 2-2, 2022) may further restrict supply from Indonesia as production is expected to decrease during this period.

The Australian Metallurgical Coal Index fell below $580/mt amid sufficient spot supplies for April and favorable weather forecasts in Australia.

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