coking coal prices

In March, China led the decline in quotations

The country also lowered the forecast for the export of these products

Demand for raw materials in the Asian market remains weak

During the period of February 1-8, quotations decreased by 2.3%, and since the beginning of the year – by 5.2%

Currently, quotations have lost momentum for growth, logistical problems may become the impetus for growth

In early November, the price trend changed due to an increase in market supply

Further positive dynamics are at risk due to the potential deterioration of the Chinese economy

Quotations of raw materials in Australia for the month increased to $333/t, and in China – to $280/t

It is expected that the price of iron ore in the current year will be $110/t

In 2023, according to the forecasts of the country's government, coking coal quotes will be at the level of $273/t

The trend is not considered long-term as the steel market is volatile

Prices are currently forecast at $60/t and $140/t FOB for iron ore and coking coal