FEATURE: Supply delays further elevate Australian met coal prices

Australian metallurgical coal prices received a stronger boost entering May, as market concerns over the supply from the world's largest met coal exporter were highlighted by its continuous shipment delays and lower production guidance from a major miner.

Sources disclosed that buying interest in Australian premium mid-vol hard coking coal (PMV) with laycans in May-June has increased notably due to ongoing delays for PMV North Goonyella coking coal cargoes, prompting traders to further hike their offering levels for forward shipments. Mysteel's assessment of Australian PMV grade (ash 10%,