Author: Yuvraj Chouhan
-
Australian coal prices rise as near-term supply tightens
Prompt tightness drives price surge Forward curve shifts to backwardation The FOB Newcastle 6,000 kcal/kg thermal coal market has seen a sharp curve adjustment, with the forward structure flipping from contango into backwardation within a week. Spot physical prices surged by $7/t to $147/t, supported by four 25,000 t parcels traded for July-August loading at…