Commodities March 2017 Analysis

Industry Trend Analysis - Quick View: North Korea Coal Ban Is A Temporary Boost To Global Prices - MAR 2017

Should the ban be implemented, it would be a material net positive for seaborne coking coal prices. China imported 22.5mn tonnes of coal from North Korea in 2016, representing 12.3% of the country's total imports. The need to source this coal from elsewhere will boost demand for imports from other major coking coal suppliers, including Australia, Canada, Russia and Mongolia.