Coking coal prices averaged USD 278 per metric ton in March, down 12.2% from February. On 29 March, the commodity traded at USD 245 per metric ton, down 22.0% from 29 February.
Prices dropped to the lowest level since August 2023 in March as business conditions in China’s steel sector worsened for the 13th consecutive month, according to PMI data. Demand for Australian coal was likely further hurt by strong output in China and rising Mongolian exports.
This chart displays Coking Coal (US$/mt) from 2022 to 2024.
Australian Coking Coal (prices in US$/mt, aop)
| Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | |
|---|---|---|---|---|---|---|---|---|
| Australian Coking Coal | - | - | - | - | - | 454 | 249 | 278 |