Coking Coal Price OutlookAustralian coking coal price rose steadily in recent weeks, but remained relatively subdued nonetheless on worries over Chinese demand. On 1 November, Australian coking coal traded at USD 148 per metric ton, which was up 7.7% from the same day in October. However, the price was 31.2% lower on a year-to-date basis and was down 32.4% from the same day last year. Reports have emerged that China is set to tighten its coking coal import restrictions at a number of ports, with some ports halting customs clearances for coal since late October. While this should not have a large effect on Chinese demand due to earlier restocking activity, it will likely keep prices relatively subdued going forward. This comes after a dip in imports in September; however, as the Chinese economy slowed markedly in Q3 2019, some restrictions could be eased as the government aims to buttress the economy.
Coking Coal Price History Data (USD per metric ton, aop)
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Coking Coal Historical Price Chart
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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