Australian coking coal prices averaged USD 301 per metric ton in September, up 18.6% from August’s price and 13.0% higher year on year. Meanwhile, on 29 September, the fuel traded at USD 331 per metric ton, 24.9% higher month on month.
The spot price rose in September as demand for Australian coal was supported by the suspension of work at several Chinese mines due to safety inspections, a continued recovery in industrial production in the latter country and stockpiling ahead of its “Golden Week” holidays.
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 | - | - | - | - | 484 | 454 | 249 | 278 |