coking coal prices - Latest news GMK Center

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

Quotations of coking coal for the week of April 11-18, 2023, in Australia decreased by 7.1%, in China – by 7.4%

Coking coal quotations for the week of March 6-13, 2023, in Australia decreased by 1.4%, and in China – by 0.6%

It is expected that in the current year the price will be $350/t

Market reports indicate potential interest from Chinese buyers