Wet weather disrupts Australia's met coal supply, driving up prices

Source: Mysteel Jan 16, 2026 17:40

The supply of Australian metallurgical coal has experienced disruptions recently as more met coal producers in the country have announced force majeure after cyclone-induced torrential rains and floods interrupted production, logistics and port operations in Queensland, the source of most of Australia's met coal exports. Market concerns over potential supply woes soon fuel up FOB prices of forward-delivery Australian met coal cargoes, Mysteel Global learned.

For instance, Pembroke Resources declared force majeure on a ship of Olive Downs' low-volatile hard coking coal cargoes, effective from January 14, sources disclosed, adding that the force majeure is likely to extend to all customers who booked Olive Downs supplies for delivery in the first quarter, depending on