Coking Coal Price OutlookCoking coal prices have edged up in recent weeks on robust Chinese demand. On 30 November, coking coal traded at USD 219 per metric ton, which was 0.3% higher than on the same day last month. However, the price was down 13.8% on a year-to-date basis but was 9.4% higher than on the same day last year. Prices maintained their upward trend since early August on robust Chinese steel output, given that coking coal is used in the production of stainless steel. In addition, Beijing’s relaxation of production curbs has further sustained demand levels, thereby propping up prices. Looking ahead, warning signs appeared in late November, when prices for Chinese steel plunged: Chinese steelmakers consequently incurred their first losses in three years. As a result, production is expected to wane as firms’ attempt to protect their profit margins and amid a general weakening of demand. However, a likely rise in demand from India should soften the blow somewhat, as the Indian government pushes for greater steel production.
Coking Coal Price History Data (USD per metric ton, aop)
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Coking Coal Historical Price Chart
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.