Original article by Peter Ker
The Australian Financial Review – Page: 17 : 28-Apr-20
The prices of Australia’s key commodity exports have retreated in response to the coronavirus pandemic. The price of premium hard coking coal was recently trading at $US122.8 per tonne, compared with $US210 per tonne in early May 2019. Likewise, the price of premium thermal coal shipped through the port of Newcastle has fallen to $US56 per tonne, down from more than $US120 per tonne in mid-2018. The alumina price has in turn fallen to $US226 per tonne, compared with more than $US600 per tonne in 2018. Increased supply from China after the nation’s lockdown restrictions were eased has contributed to the price weakness.