Coking Coal Prices

Coking coal prices averaged USD 231 per metric ton in July, down 5.1% from June. On 31 July, the commodity traded at USD 217 per metric ton, down 11.1% from 30 June.

After moving closer to February’s 20-month high in June, Australian coking coal prices retreated in July, as China began to reopen some of the 155 coal mines it had closed in late May after suffering its worst mine disaster in 17 years. The closures hit June output by 10% and drove an increase in imports from Australia.