The two coals crash

Thursday, 19 March 2015

Australia’s bulk commodities are under immense pressure. Thermal coal fell to another post-GFC low yesterday down 4% to $57.70:

The damage to coking coal was more modest at around 1% down to a post-GFC low of $113:

As China restructures swiftly there is no end in sight.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.