Australian coking coal prices averaged USD 219 per metric ton in August. The over two-year low was down 1.4% from July’s price and 7.5% lower year on year. Meanwhile, on 31 August, the fuel traded at USD 224 per metric ton, 9.8% higher month on month.
The spot price declined in August as China’s steel industry likely remained weak in the month. Despite much speculation, Beijing held back from announcing large-scale stimulus measures, blunting investor optimism about the sector and thus for the demand prospects of Australian coking coal, a key ingredient in steelmaking.
This chart displays Coking Coal (US$/mt) from 2021 to 2023.
Australian Coking Coal (prices in US$/mt, aop)
Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | |
---|---|---|---|---|---|---|---|---|
Australian Coking Coal | - | - | 256 | 370 | 484 | 454 | 249 | 278 |