Macarthur Resumes Shipments From Dalrymple

Australia’s Macarthur Coal has resumed coal shipments from the Dalrymple Bay Coal Terminal in Queensland following the closure of the terminal following a cyclone.

Macarthur declared force majeure on its coal shipments on 19 March. Similarly, BHP Billiton declared force majeure last week but has said that its operations will take 3-6 weeks to resume full operations. The Blackwater and Goonyella rail lines, which transport coal to and from the mines were also halted.

Hard coking coal prices have risen sharply in the past two weeks on the back of the supply disruptions. Prices of premium quality coal have been selling at $240 a tonne, while offer prices for the steel feed are between $240-$250 a tonne, up from $220-$225 a tonne about two weeks ago, traders said.