australia upgrades iron ore met coal exports forecasts

  • Inside the coal crash

     · Coal prices tumbled in April, iron ore was more stable while base metals firmed a little. Coal prices have been falling rapidly with the latest spot Qld met coal prices down –39% in the last ...

  • The Changing Global Market for Australian Coal

    For most of the past decade, coal has been Australia''s second largest resource export, after iron ore, and since 2015 has averaged around one-quarter of annual resource export values and 14 per cent of total export values (Graph 2). In 2018, the value of coal exports was $67 billion, equivalent to 3½ per cent of nominal GDP. Australia''s coal

  • Here is the CBA price forecast for iron ore, coal, LNG ...

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  • Office of the Chief Economist

    Australia''s exports are forecast to fall by around 8 million tonnes to 169 million tonnes in 2020–21, due to lower global demand. Exports should lift in 2021–22, as world steel production recovers further. Australia''s metallurgical coal exports values are forecast to fall sharply to $22 billion in 2020–21, from $34 billion in 2019–20.

  • Metallurgical coal | BHP

    Met coal is heated above 1,000ºC in a coking oven to create coke – a hard, porous lump. The coke is then added to a blast furnace with iron ore. Hot air and PCI are introduced, creating a flame temperature over 2,000ºC. The burning coal and coke produces carbon monoxide, which, along with the high temperature, converts the iron ore into a ...

  • China helps fuel Australian economic recovery despite ...

     · Annual trade between the two countries is worth more than 250 billion Australian dollars ($185 billion), of which roughly 60% is made up of Australia''s top three exports -- iron ore, coal and ...

  • Australia leads metallurgical coal exports | ECT

     · To become a threat to Australia''s existing met coal exports, we would need to deploy more than 13 million tonnes of Matmor capacity per year between now and 2030. Given we''re entering the R&D phase shortly, and the commercial phase is …

  • Australia Export Prices | 1974-2021 Data | 2022-2023 ...

    Australia''s export prices jumped by 11.2 percent on quarter in Q1 2021, after a 5.5 percent gain in Q4. This was the second straight quarter of rises and the steepest pace since Q4 2016, as a recovery from the COVID-19 hit accelerated. Main contributors were: metalliferous ores and metal scrap (18.2%), driven by the demand for iron ore from China and constrained global supply; gas, natural ...

  • Coal sector shows its resilience | The Australian

     · Australia''s thermal coal exports are forecast by the government''s commodity specialists to decline from 213 million tonnes in 2019-20 to 208 million tonnes in …

  • Australia upgrades iron ore export forecast

     · Australia, the world''s biggest producer of iron ore, has forecast a 14 per cent rise in exports in the 2013-14 fiscal year as the country''s big miners press ahead with multi-billion dollar ...

  • Coal Price Forecasts: Long Term, 2021 to 2030 | Data and ...

     · The EIA in its latest Short-Term Energy Outlook forecasted that coal prices will increase to $56.7/mt in 2021 from $53.9/mt in 2020. The World Bank October 2020 commodity forecast estimated that the price of coal will increase to $57.8/mt in 2021 from $57.3/mt in 2020, with slow price growth beyond 2021. The IMF October 2020 release of the ...

  • Australia forecasts iron ore, met coal exports to rise ...

     · Australian government raises 2018 price forecasts for iron ore, metallurgical coal ; Australia''s North Queensland Jul coal exports rise 9% on year to 12.24 mil mt: NQBP ; Australia''s Atlas Iron ore prices hit by rising met coal costs ; June thermal, metallurgical coal exports from Australia''s Gladstone rise 5% on year: GPC

  • Australia Sees Higher Iron Ore Earnings on China-Fueled ...

     · Australia upgraded its forecast for earnings from mining and energy exports in the 2021 financial year as booming iron ore prices boost the coffers of the world''s top producer.

  • Mine export surge holds up economy

     · The upward revision in commodity exports was led by iron ore, where earnings are forecast to reach an all-time high of $136 billion, up from December''s estimate of $123 billion, according to the ...

  • Iron Ore: 2021 World Market Review and Forecast to 2030

    global iron ore production is projected to grow at 2-2.3% annually as a result of substitution of China''s domestic production of iron ore with imports, particularly from Australia and Brazil. This Market Review is a source for detailed information on the market situation.

  • Australian coal exports set to keep rising to satisfy Asia ...

     · Australian coal exports are set to rise until 2024 as demand from developing Asian nations offsets falls in the use of the fossil fuel in the US and Europe, the International Energy Agency forecasts.

  • Iron ore is saving Australia''s trade with China. How long ...

     · The mining boom. For more than two decades, China and Australia have helped rapidly grow each others'' economies through a soaring trade in raw resources, especially iron ore and coal…

  • China restrictions on Australian coal imports alarm ...

    In December, Australia''s Department of Industry, Innovation and Science forecast coking coal exports would rise to A$67bn ($48bn) in the 12 months through the end of June, surpassing iron ore to ...

  • Mine export surge holds up economy

     · The upward revision in commodity exports was led by iron ore, where earnings are forecast to reach an all-time high of $136 billion, up from December''s estimate of $123 billion, according to …

  • Australia''s resources export earnings to fall 10% in 2021 ...

     · In the 2021 financial year, resources export earnings are expected to fall to A$263 billion, with iron ore, LNG and coal prices seen weakening, offsetting gains in copper and gold prices. "This forecast comes with significant risks: a second outbreak of COVID-19, another surge in trade tensions, or an unexpectedly slow global recovery ...

  • Market Demand Study: Australian Metallurgical Coal

    In 2017, Australia''s exports of HCC and PCI represented 85% of total metallurgical coal exports. In addition, the SSCC market tends to be more difficult to forecast as this product is often a by- product of a mine mainly producing thermal coal.

  • Steeling the Future

    Australian iron ore exports to well over 800mt. 4 Of the met coal increase, over 90% has come from China and India. 5 We have become the largest source of imported met coal in both countries. 6 It is not the first time that Australia has used its plentiful reserves of met coal and iron ore to drive steel production in our region.

  • CBA: Iron ore to crash in 2021

     · Iron ore: Prices are forecast to remain high in H1 2021 as China''s stimulus measures from 2020 keep China''s steel demand supported. We look for the spot price of iron ore to trade around ...

  • Macquarie Bank has upgraded its price forecasts for iron ...

     · Macquarie Bank has upgraded its price forecasts for iron ore and coal. David Scutt Jan 29, 2018, 2:04 PM ... up steel and iron ore on the back …

  • Trade Review: Asia''s met coal trapped in a season of low ...

     · According to data by S&P Global Platts Analytics, Australia''s met coal exports are forecast to increase moderately in 2021 to 173 million mt, from 171 million mt in 2020. Weaker grade coal ...

  • Australia lifts iron ore price forecast; cuts ...

     · The Department marginally tweaked its forecasts for Australian iron ore export volumes. It lifted 2020 levels to 864 million mt from 862 million mt and dropped 2021 volumes to 878 million mt from 881 million mt. METALLURGICAL COAL. Metallurgical coal forecasts, meanwhile, have been reduced against the backdrop of rising supply and soft demand.

  • Material Matters: Coal, Base Metals & Iron Ore

    2  · Ord Minnett notes iron ore prices have averaged US$207/t since the beginning of May and, while taking account of upgraded demand from China, lifts forecasts by 11% to US$180/t in 2021 and by 20% to US$150/t in 2022. Apparent steel demand in April rose 14% in China as record steel production occurred. This comes despite finished steel exports ...

  • The Changing Global Market for Australian Coal | Bulletin ...

     · Graph 1. For most of the past decade, coal has been Australia''s second largest resource export, after iron ore, and since 2015 has averaged around one-quarter of annual resource export values and 14 per cent of total export values (Graph 2). In 2018, the value of coal exports was $67 billion, equivalent to 3½ per cent of nominal GDP.

  • Australia upgrades iron ore, met coal exports forecasts

     · Australia has raised its forecasts for exports of iron ore and metallurgical coal -- its two top export revenue earners -- as demand powered ahead to supply raw materials to make more steel for ...

  • Australia forecasts iron ore, met coal exports to rise ...

     · For the iron ore sector, the office made only minor tweaks to its forecast of rising export volumes and falling prices from its June report. The latest report forecasts 2018 Australian iron or exports at 858 million mt, down marginally from 860 million mt in June, 2019 exports at 880 million mt, down from 878 million mt, and 2020 exports at 881 ...

  • Australia plans big defense and security investments

     · Tuesday''s budget assumes that the price for iron ore will fall to $55 a metric ton ($60.50 a U.S. ton) by the end of the March next year. Frydenberg described Treasury''s ore price forecast as ...

  • Australia plans big defense and security investments ...

     · Tuesday''s budget assumes that the price for iron ore will fall to $60.50 a U.S. ton by the end of the March next year. Frydenberg described Treasury''s ore price forecast as "conservative."

  • Chinese Demand for Australian Iron Ore High Even With ...

     · "Because iron ore is Australia''s single largest export with the Chinese demand for Australian iron ore that dwarfs coal and agricultural exports in terms of value, its continued price rise to levels well above most analysts'' estimates will result in further upgrades to mining-company profit growth this year, says the source."

  • As politicians bicker, Australia''s energy and natural ...

     · Australia''s ''Big 3'' exports to China are surging. Despite the increasing war of words, Australia''s energy and natural resources exporters are in over-drive. As China recovers from the pandemic, demand for Australian iron ore, coal and LNG is booming – iron ore and LNG imports are up 8% and 9% year-to-date respectively versus 2019.