MYEFO Slashes Projections for Coal and Iron Ore Prices

  • Dec 16, 2019 AEDT
  • Team Kalkine

Mid-Year Economic and Fiscal Outlook (or MYEFO) sensitivity analysis indicates decline in coal and iron ore prices.

  • The Metallurgical coal prices are expected to reach USD 134 per tonne over the forecast period.
  • The thermal coal prices are anticipated to trade at USD 64 a tonne during the forecast, which remains well below the budget assumption of USD 91 a tonne.
  • The iron ore prices are projected to decline to USD 55 a tonne, which remains significantly below the current spot prices of USD 93 a tonne (as on 13 December 2019).

 

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