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Australian thermal coal and met coal review & outlook

Thermal coal prices remain relatively high, despite some easing in May and June as supply conditions improved. The Newcastle benchmark price (6,000 kcal) is forecast to fall from almost US$360 a tonne over 2022, to US$120 a tonne by 2025. Gradual recovery from recent supply outages is expected to see Australian thermal coal exports rise from 178 Mt in 2022–23 to 202 Mt in 2024–25 Metallurgical coal prices remain volatile, but are holding well above their pre-2019 level. The Australian premium hard coking coal price is estimated to average US$273 a tonne in 2023, but is forecast to fall to […]

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