资料简介
Since the September 2017 Resources and Energy Quarterly, the forecast value of Australia’s resources and energy export earnings in 2017–18 has been revised up by $3.3 billion (1.6 per cent) to $214 billion. The outlook for 2018–19 has been revised down slightly, by $1.4 billion (0.7 per cent) to $200 billion. The upward revision for 2017–18 primarily reflects higher than previously forecast iron ore, thermal coal and metallurgical coal prices. The iron ore price in particular has held up much more than previously anticipated. Nonetheless, the outlook still remains for declining iron ore prices into 2018–19. Partially offsetting these upward revisions were minor downward revisions to forecast export earnings for alumina, gold and LNG. A downward revision to iron ore export volumes in 2018–19 is the primary driver for the downward revision to export earnings. The revision to export volumes reflects new production guidance from iron ore producers.
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