Coking coal prices averaged USD 191 per metric ton in October, up 2.0% from September. On 31 October, the commodity traded at USD 197 per metric ton, up 3.7% from 30 September.
Australian coking coal prices showed signs of life in October, possibly aided by lower Chinese output, which has been hit by government curbs. Still, prices for the fuel remain at post-pandemic lows, with Chinese steel production—a key driver of demand—still weak: The sector’s PMI remained in contractionary terrain in October.
This chart displays Coking Coal (US$/mt) from 2023 to 2025.
Australian Coking Coal (prices in US$/mt, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Australian Coking Coal | - | - | - | 333 | 306 | 243 | 212 | 203 | 186 | 185 | 183 | - |