Coking Coal Price OutlookCoking coal prices surged in the first week of September. On 9 September, coking coal traded at USD 180.9 per metric ton, which was 72.9% higher than on the same day in August. The price was up 131.3% on a year-to-date basis and was 120.3% higher than on the same day last year. The price for the mineral used to smelt steel shot up as supply rapidly fell. The Chinese authorities decided to reduce the number of operating days allowed in an effort to increase coal mines’ profit margins so that they could repay bank loans. This measure has reduced output and Chinese steel mills shifted towards imported coking coal instead. Floods in the north of China and in Australia, where key coal mines are located, put additional strain on the production and transportation of coking coal. While the Chinese administration’s plan could increase the profitability of coal production in the medium term, the steel industry is facing higher costs.
Coking Coal Oil Price History Data (USD per metric ton)
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Note: Australian Coking Coal, prices in USD per metric ton (mt). Prices are average of period (aop).
Coking Coal Oil Historical Price Chart
Price forecasts and historical data for Energy, Metals and Agricultural Commodities