{"id":467333,"date":"2017-04-07T13:49:35","date_gmt":"2017-04-07T13:49:35","guid":{"rendered":"https:\/\/juniorminingnews.com\/?p=467333"},"modified":"2017-04-07T13:49:35","modified_gmt":"2017-04-07T13:49:35","slug":"coking-coal-price-close-to-300-a-tonne-on-australian-disruptions-2","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=467333","title":{"rendered":"Coking coal price close to $300 a tonne on Australian disruptions"},"content":{"rendered":"<p><span style=\"font-style:italic;font-size:16px\">By  <a class=\"colorbox\" href=\"http:\/\/juniormininganalyst.com\/coking-coal-price-close-to-300-a-tonne-on-australian-disruptions\/\">analyst<\/a><\/span>  <\/p>\n<p><span>By  <a class=\"colorbox\" href=\"http:\/\/www.mining.com\/coking-coal-price-close-to-300-a-tonne-on-australian-disruptions\/\">Cecilia Jamasmie<\/a><\/span>  <\/p>\n<p>Coking coal prices <a class=\"colorbox\" href=\"http:\/\/www.mining.com\/coking-coal-price-surges-15\/\" target=\"_blank\">closed the week 86% higher<\/a>, climbing 34% on Friday alone to $283.10 a tonne, after <a class=\"colorbox\" href=\"http:\/\/www.mining.com\/cyclone-debbie-disrupts-3-2bn-of-australian-coal-exports\/\" target=\"_blank\">damage caused by a cyclone<\/a> that struck Australia&#8217;s north-east coast in late March has put supply at risk.<\/p>\n<p>One of the largest disruption to Australia&#8217;s coking coal exports in six years has caused a record surge in prices.<\/p>\n<p>Major producers including BHP Billiton and Peabody Energy have <a class=\"colorbox\" href=\"http:\/\/www.mining.com\/cyclone-damage-causes-bhp-to-declare-force-majeure-in-australia\/\" target=\"_blank\">declared force majeure<\/a> after rail lines were closed due heavy rain and landslides, which has pushed top buyers such as China and Japan to <a class=\"colorbox\" href=\"http:\/\/www.smh.com.au\/business\/mining-and-resources\/with-australias-supply-disrupted-by-cyclone-debbie-coal-buyers-race-elsewhere-20170406-gvfo1f.html\" target=\"_blank\">look for supplies<\/a> elsewhere.<\/p>\n<p>Queensland, the worst hit by Cyclone Debbie, accounts for more than 50% of global seaborne coking coal supplies and is major provider to China&#8217;s steel industry.<\/p>\n<p>Analysts at Standard &amp; Poor believe disruptions in the area could mean between 15 million and 20 million tonnes of steelmaking coal, and about and 3 million tonnes of thermal could be eliminated from global markets.<\/p>\n<p>The last time Queensland was hit by a cyclone six years ago, coking coal prices hit a record high of $330 a tonne.<\/p>\n<p>The post <a class=\"colorbox\" rel=\"nofollow\" href=\"http:\/\/www.mining.com\/coking-coal-price-close-to-300-a-tonne-on-australian-disruptions\/\">Coking coal price close to $300 a tonne on Australian disruptions<\/a> appeared first on <a class=\"colorbox\" rel=\"nofollow\" href=\"http:\/\/www.mining.com\/\">MINING.com<\/a>.<\/p>\n<p> <a class=\"colorbox\" href=\"http:\/\/www.mining.com\/coking-coal-price-close-to-300-a-tonne-on-australian-disruptions\/\"> \u2026read more<\/a> <\/p>\n<p>Source:: <a class=\"colorbox\" href=\"http:\/\/www.mining.com\/coking-coal-price-close-to-300-a-tonne-on-australian-disruptions\/\" title=\"Coking coal price close to $300 a tonne on Australian disruptions\">Infomine<\/a><\/p>\n<p>The post <a class=\"colorbox\" rel=\"nofollow\" href=\"http:\/\/juniormininganalyst.com\/coking-coal-price-close-to-300-a-tonne-on-australian-disruptions\/\"><\/a><a class=\"colorbox\" href=\"http:\/\/www.mining.com\/coking-coal-price-close-to-300-a-tonne-on-australian-disruptions\/\">Coking coal price close to $300 a tonne on Australian disruptions<\/a> appeared first on <a class=\"colorbox\" rel=\"nofollow\" href=\"http:\/\/juniormininganalyst.com\/\">Junior Mining Analyst<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By analyst By Cecilia Jamasmie Coking coal prices closed the week 86% higher, climbing 34% on Friday alone to $283.10 a tonne, after damage caused by a cyclone that struck Australia&#8217;s north-east coast in late March has put supply at risk. One of the largest disruption to Australia&#8217;s coking coal exports in six years has [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/467333"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=467333"}],"version-history":[{"count":0,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/467333\/revisions"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=467333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=467333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=467333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}