Coking Coal Prices

Coking coal prices averaged USD 175 per metric ton in March, down 6.8% from February. On 31 March, the commodity traded at USD 169 per metric ton, down 9.6% from 28 February.

Business conditions in China’s steel sector remained downbeat for the third month running in March, suggesting that demand for coking coal is currently weak. In line with this, data released in March shows that seaborne imports of coking coal in China—a major importer—sank to an 18-month low in February.