The seaborne metallurgical coal market has seen significant volatility entering into Q2, with prices falling sharply from historical record highs in Q1 before moving back up quickly. Additionally, all eyes continue to be on global geopolitical developments and the impact on energy markets, which may influence the met coal market direction.
With demand-rationing in a high-price environment, global end-users reselling cargos in the spot market, and market participants closely watching China’s control over the Covid outbreak for clues into Chinese demand for seaborne materials, the million-dollar question remains: Will the supply tightness ease in the near term?
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