There were 30 vessels queued off the port on 5 December, which was in line with 7 November.

The Australia low-volatile premium hard coking coal price has fallen by over $64/t, or 21pc, from the start of the month to $247.45/t fob on 30 November.

Historically, crude oil and iron ore prices are strongly correlated, which is unsurprising given they are both commodities tied to the state of the global economy. But in recent weeks the link has largely been severed.

The Australian government's plans to cap the price of natural gas and thermal coal for domestic consumers has provoked the predictable howls of protest from the industry and warnings of dire consequences.

Kazakhstan's GDP expanded 2.7% y/y in Jan-Nov, PM says

In order to ensure security of energy supply during winter, the German government has decided to temporarily return to coal-fired power plants. The first plant was already reactivated in early August.

Broken down by districts, here’s production for the week ending December 3, 2022 in thousands of net tons: North East: 139; Great Lakes: 541; Midwest: 196; Southern: 684 and Western: 70 for a total of 1630.

'Broad cooperation space' highlighted by officials in promoting clean development