Generic Hero BannerGeneric Hero Banner
Latest Market News

Australia's Gladstone coal exports rise in December

  • Spanish Market: Coking coal
  • 07/01/26

Australian producers shipped 6.6mn t of mostly coking coal out of Gladstone port in December, up by 15pc on the year, because of increased shipments to China and Japan.

  • Coal exports out of Gladstone may decline in January. US–Australian producer Coronado halted underground mining operations at its Curragh coal complex in early January, following a fatal mine roof collapse. Underground operations at the site will remain suspended until further notice, a spokesperson for operator Mammoth Underground told Argus on 7 January.
  • Chinese steelmakers bought 1.2mn t of Gladstone coal in December, up by 11pc on the year. Beijing's municipal government took steps to support the city's housing market in December. This could increase demand for Australian coking coal, a steelmaking input, because Chinese developers are major steel buyers.
  • Exports from Gladstone to Japan rose by 21pc on the year in December, to 2mn t. Japanese steelmakers previously cut their purchases of Gladstone coal every month over August–November 2025. The country's steel demand is expected to remain flat on the year in April 2026–March 2027, December forecasts from the Japan Iron and Steel Federation show.
  • Australian coking coal prices are expected to fall to $140/t on a fob Australia basis by the end of 2026, according to Treasury forecasts released on 17 December. Argus' metallurgical coal premium hard low-volatile fob Australia price was last assessed at $218.55/t on 6 January, up from $200.20/t on 6 January 2025.
  • Producers in Queensland — Australia's main coking coal-production region — are expected to export 208mn t of royalty-eligible coal in the July 2025-June 2026 financial year, the state government said on 15 December.

Gladstone coal exportsmn t
Dec '25Nov '25Dec '24y-o-y ± %Jan-Dec '25Jan-Dec '24YTD ± %
Japan21.31.6211820-9.5
China1.211.1118.313-35
India11.416.2131111
South Korea110.91013939
Vietnam0.50.20.4134.82.682
Total*6.65.95.71566660.7
*Total includes other locations not listed

Generic Hero Banner

Business intelligence reports

Get concise, trustworthy and unbiased analysis of the latest trends and developments in oil and energy markets. These reports are specially created for decision makers who don’t have time to track markets day-by-day, minute-by-minute.

Learn more