Coking Coal Prices

Coking coal prices averaged USD 204 per metric ton in October, up 9.4% from September. On 31 October, the commodity traded at USD 204 per metric ton, down 0.5% from 30 September.

Australian coking coal prices rose in October as China unveiled new stimulus, and business conditions in China’s steel sector improved for the first time since February 2023. Despite the increase, prices remained near multi-year lows, with any rise in China’s coal demand likely to be largely met by increased domestic production.