Australia's Aurizon rail shortage supportive for coking coal prices

摘要

A delay in a resolution aroundAustralian rail hauler Aurizon’s draft revenuecap may be a source of ongoing price supportinto seaborne coking coal prices, SeaportGlobal said Tuesday.Aurizon is cutting maintenance and limitingrailing operations on key coking coal exportrail lines ahead of an expected November finalruling by the Queensland regulator, the USinvestment bank said. Many met coal minershave take-or-pay contracts with Aurizon toaccess rail capacity and services to reachexport ports such as Gladstone and DalrympleBay Coal Terminal.