Value of Australian coal exports tipped to decline sharply over next 18 months

Thermal coal prices forecast to drop 25% and metallurgical coal prices 23% as value of iron ore exports also fallsThe value of Australia's coal exports is forecast to decline sharply over the next 18 months as thermal coal prices drop 25% and metallurgical coal prices fall 23%.The decline in the spot price of both products will see their combined export value fall from $60.8bn in 2018-19 to $49.9bn in 2019-20, a deterioration of 18%. Continue reading...