Intel Details

Australia: Weak ex-China demand weighs on coking coal prices

Coking
25 Nov 2021, 15:30 IST
Steel Mint Intel

Australian premium low-volatile hard coking coal prices decreased by $1/t to $317/t FOB on 24 Nov'21, amid weak demand in ex-China Asian markets. Both buyers and sellers remained on the sidelines after the sharp fall in prices by 12%, d-o-d, yesterday. Meanwhile, supply concerns are uppermost due to heavy rainfall in Australia's key production hub of Queensland.

25 Nov 2021, 15:30 IST
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