Met Coal Surges Past $300 Toward Record on Australia Outages

Spot metallurgical coal is heading for a record after surging above $300 a metric ton amid supply curbs from Australia, the world’s biggest exporter of the commodity used to make steel.

Asian met coal prices skyrocket 32% overnight

Spot met coal prices in the Asia-Pacific region soared Wednesday as mills jostled for cargoes amid news that BHP Billiton, the world’s largest met coal producer, declared force majeure due to logistical problems caused by Cyclone Debbie.

ASIA MET COAL: Market stable, with sentiment still weak

The Asia-Pacific metallurgical coal market was mostly steady Monday, with China, the most...