Coking Coal Price OutlookCoking coal prices were on a slide through September and early October as China forged ahead with some of its strictest cuts to steel production in history in an attempt to alleviate high pollution levels during winter months. On 6 October, coking coal traded at USD 185.0 per metric ton, which was down 12.3% from the same day of last month. Moreover, the price was 18.1% lower on a year-to-date basis and was down 13.3% from the same day of last year. While global demand for coking coal is expected to stay resilient on account of infrastructure developments in Asia, Chinese efforts to rein in pollution levels and illegal steelmaking have turned the market bearish. Tangshan, the center of Chinese steel production, has announced that it will halve its steel output this winter, which is equivalent to around 7.5% of China’s total annual steel production. In addition, other steelmaking hubs are set to announce similar cuts.
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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