Coking Coal Price OutlookAustralian coking coal prices rose marginally in recent weeks, likely on expectations that stimulus measures in China would support demand ahead. On 14 February, Australian coking coal traded at USD 154 per metric ton, which was up 0.7% from the same day of the previous month. The price was 12.5% higher on a year-to-date basis but was down 24.9% from the same day last year. The rise in prices came despite the outbreak of the novel coronavirus that has brought the Chinese economy to a virtual standstill; coking coal is a key ingredient for steel production and China is the key export market for Australian coking coal. The price rise likely reflected investors’ expectations that fiscal stimulus post-coronavirus would boost the Chinese economy, via infrastructure investment and steel demand, and thus demand for coking coal in turn.
Coking Coal Price History Data (USD per metric ton, aop)
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Coking Coal Historical Price Chart
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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