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2026.04.3001:47:54UTC+00Australia Export Prices Ease Sharply

Australia’s export prices rose 0.5% quarter-on-quarter in Q1 2026, a sharp moderation from the one-year high of 3.2% recorded in Q4 2025. The slowdown was largely attributable to a 5% decline in metalliferous ores and metal scrap, reflecting seasonally weaker Chinese demand for iron ore ahead of the Lunar New Year and elevated stockpiles at Chinese ports. Additionally, prices for gas, natural and manufactured, fell 8.2%, as oil-linked contracts followed lower crude oil prices over the December quarter.

These declines were partially offset by strength in several key export categories. Non-monetary gold prices surged 10.8%, supported by persistent safe-haven demand amid ongoing geopolitical and economic uncertainty. Coal, coke and briquettes rose 5.3%, underpinned by higher metallurgical coal prices as weather-related disruptions constrained Australian supply. Meanwhile, crude fertilisers posted a 58.3% jump, driven by robust global demand for lithium—critical for battery and electric vehicle production—alongside low inventory levels in China.

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