Coal prices could double !

http://mobile.abc.net.au/news/2017-...l-disrupting-coal-exports/8411690?pfmredir=sm

Severe supply disruption could double prices

Commodity analysts at S&P Global Platts warn that the disruption to exports could be almost as large as the roughly 20 million tonnes seen during Cyclone Yasi in 2011.

"Cumulatively, this could potentially disrupt approximately 15-20 million tonnes of met[allurgical] coal exports, according to three separate mining sources Monday, and could have significant implications on global seaborne met coal supply," they wrote in a note.

UBS commodity analyst Daniel Morgan told the ABC's Business PM program last week that prices could temporarily double back to $US300 a tonne if the cyclone-related supply disruptions were severe enough.

Queensland supplies around half the world's seaborne supplies of coking coal."