Coking Coal Prices

Coking coal prices averaged USD 205 per metric ton in November, up 0.2% from October. On 29 November, the commodity traded at USD 203 per metric ton, down 0.5% from 31 October.

After rising for the first time since June in October, coking coal prices steadied in November; China unveiled new stimulus, but this had already largely been priced in. Meanwhile, after improving for the first time since February 2023 in October, business conditions in China’s steel sector improved only weakly in November.