coking coal prices - Latest news GMK Center

The agency has also revised its forecast for coking coal prices this year to $220/t, up from $190/t previously

Market trends were altered by a fatal accident at a mine in the Chinese province of Shanxi

In China, there is cautious optimism about the immediate outlook, while supply from Australia remains limited

Market sentiment depends on how the conflict in the Middle East unfolds

Rising production at Chinese mines is putting pressure on the local market

The key driver is the rise in freight rates linked to the conflict in the Middle East

The global market for this raw material remains stable for now amid rising energy prices

At the beginning of the year, there was limited supply of Australian raw materials on the market

The market was supported by restrictions on domestic production in China and supply disruptions due to weather conditions

Domestic production is recovering in China, while India is weighing the impact of possible tariffs on coke imports

Traders expect restocking in India and China during the fourth quarter

In the short term, prices will be affected by the decline in steel production in China