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Aurizon coal railway workers in Queensland plan 11 days of action including four days of stoppages and seven days of overtime bans. Aurizon says its coal trains would not run on several networks during the stoppages.
BHP said the strikes would have no material impact.
The action affects coal shipments, not grain or feed ingredients, so the price effect for feed buyers is negligible. It is a labour-related logistics item.
sbs.com.auDec 13, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 823 past logistics events, Wheat (SRW) moved a median -0.2% over 5 sessions (46% higher; middle half -1.5% to +1.2%), and -0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
