The seaborne coking coal spot market price rose on Wednesday February 14 as market participants awaited more information regarding Australian rail operator Aurizon's decision to cut back the number of rail paths amid a disagreement with the Queensland Competition Authority.
Aurizon said on Monday it would "progressively make changes" from now until 2021 that will result in a possible loss of system throughput of "approximately 20 million tonnes annually." These changes will involve "planned maintenance and capital works," it said in its half-year report. "This is no different to a cyclone event," a supplier source said. "Suppliers typically don't get 100%...