Met Coal: Weekly Global Snapshot Monday, July 10 , 2023

News ticker Met coal prices WoW MoM Freight indices (US$/t) 30-Jun WoW
PCI quarterly price set for Q3 2023 MCC1 (PLV FOB Aus, 07 Jul) $233 -$2 $7 Baltimore-ARA, Cape $10.49 $0.04
Surprise Aus spot deals send met prices on rollercoaster MCC2 (PMV FOB Aus, 07 Jul) $228 -$8 $1 Newcastle-Japan, Cape $10.50 -$0.50
Mongolia’s coal exports up to 28 mt in January-June MCC4 (PLV CFR China, 07 Jul) $224 $0 $12 Dal Bay-China, Pmax $11.62 -$0.10
Teck's Neptune Terminal affected by BC port strike MCC10 (US low-vol, 07 Jul) $213 $2 $18 Newc-China, Cape $12.25 -$0.50
Chinese end-users push for lower met coal term prices MCC8 (US high-vol A, 07 Jul) $203 -$2 $13 QLD-Japan/Korea, Cape $9.65 -$0.55
Ind launches investigation into restricting met coke import MCC7 (US high-vol B, 07 Jul) $195 $3 $14 Vancouver-China, Pmax $14.79 -$0.10
Metcoke (ARA, 07 Jul) $313 $6 -$4 QLD-ARA, Cape $13.60 -$0.70
Metcoke (Rizhao, 07 Jul) $290 $0 $15 Hampton R-China, Pmax $32.62 -$1.83
Anthracite (SA, 07 Jul) $122 $0 $24

Latest publications Met coal prices Iron ore 10-Jul WoW 2WoW
Steel raw materials subscribers only: 500 North China Prices
MCC1 (PLV
Inside Coal & Steel Raw Materials (daily) 400 FOB Aus) 62 % Fe Fines ($/dmt)* $106 -$5 -$7
US$/t

Metallurgical Coal Market Briefing 65 % Fe Fines ($/dmt)* $119 -$4 -$6

MCC4 (PLV
Iron Ore Market Briefing 300 CFR China) Lump Premium (US ¢/dmtu)** $12 $2 $4
Ferrous Scrap Market Briefing 64 % Fe Pellets ($/dmt)** $116 -$2 -$4
200 MCC8 (US
Steel Market Briefing HVA) 57% Fe Fines ($/dmt)** $74 -$4 -$2
100
MCC10 (US
North America subscribers only: LV) * Daily
0
Week ahead Jul-22 Jan-23 Jul-23 Jan-24 Jul-24 ** Weekly
MCC1 Forecast
Daily wrap Iron Ore Market Briefing
Source: McCloskey © Dow Jones Energy Ltd
Coal & Energy market commentary (daily)

Thermal coal prices WoW Steel 10-Jul WoW 2WoW Forex Latest QoQ D
NW Europe* 114.29 -$11 Vietnam HRC CFR ($/t) $580 $0 $0 AUD/USD 0.669 0.664 0.005
South Africa 6000kc* 99.63 $2 EUR /USD 1.097 1.086 0.011
South Africa 5500kc** 86.73 $1 CAD /USD 0.753 0.740 0.013
Newcastle 6000kc** 136.90 $4 RMB /USD 0.139 0.145 -0.007
Newcastle 5500kc** 86.73 $1
M42 (Indo 4200kc GAR)** 52.79 $1
US steel utilization 01-Jul Apr 2023 Jul2022
* Daily Utilization 77.3% 74.4% 79.3%
** Weekly Tons 1.740 1.675 1.748

Met coal price outlook Global total met coal imports (MMt) Global total met coal exports (MMt)
Q4 2022 2022 2023 2021 2022 2023 2021 2022 2023
MCC1 $277 $371 $210 Total 355 346 369 Total 344 346 371
(PLV FOB Aus) Mainland China 64 75 92 Australia 167 161 167
India 74 71 79 Canada 26 28 29
MCC4 $304 $371 $213 Japan 62 60 55 United States 41 42 44
(PLV CFR China) South Korea 34 33 32 Mongolia 22 26 35
Europe* 33 26 25 Russia 33 37 38
MCC10 $261 $353 $193 Vietnam 10 9 13
(US low vol) Brazil 20 16 16
*Germany, Italy, France, Spain, Ukraine
For full price and supply demand outlooks see the latest Metallurgical Coal Market Briefing. Current forecasts as of 21 June 2023

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