Trade review: China-Australia relations transform met coal market dynamics
This is Part 1 of 5 in the S&P Global Platts Metals Trade Review series, where we dig through datasets and digest some of the key trends in metallurgical coal, iron ore, steel, scrap and alumina. We also explore what the next few months could bring, from supply and demand shifts, to new arbitrages, and to quality spread fluctuations.
Seaborne metallurgical coal and coke markets have entered 2021 in the wake of a transformative fourth quarter of 2020, which saw significant shifts in trade flows and price dislocations due to China’s temporary halt on Australian coal imports.
BRISBANE • A tropical cyclone formed off the north-eastern coast of Australia, threatening the tourist hot spots of Cairns and Port Douglas with destructive winds of 130kmh.. Read more at straitstimes.com.
Year of extremes
In 2020, Australia’s climate had more plot twists than an episode of
Tiger King.
From bushfires that ravaged the country to extreme hailstorms, scorching heatwaves and home-threatening coastal erosion events, the nation saw it all.
Now, scientists from Australia’s Bureau of Meteorology (BOM), have summarised the past year’s events in their Annual Climate Statement.
Snapshot: report key points
2020 was Australia’s fourth warmest year on record with an average mean temperature of 1.15°C above the 1961–90 average
A La Niña was declared by BOM in September and is currently around its peak
Rainfall was slightly – 4% – above average
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