Coking Coal Prices

Coking coal prices averaged USD 186 per metric ton in August, up 5.6% from July. On 29 August, the commodity traded at USD 185 per metric ton, up 4.5% from 31 July.

Australian coking coal exports recovered in August as shipments from Newcastle port rose. That said, ongoing maintenance work at various Australian ports limited price gains. Moreover, in China, weak steel production contributed to a supply glut, recently prompting authorities to cap coal output.