Heavy rains and floods in Eastern Australia put pressure on strained coal markets
Commentary from Plamen Natzkoff, Senior Trade Expert at VesselsValue. Australia has declared a national emergency along the east coast of the country, following heavy rains that caused floods across New South Wales and southern parts of Queensland. The affected areas include the main coal producing regions of the country. Many coal mines in the region were already saturated by rains earlier in the season, and... |