Australian coking coal prices (FOB Australia) increased by $8/t to $243/t on 22 May’24. This rise is due to increased demand for July-loading cargoes, with international buyers bidding higher, expecting tighter supply from key Australian miners and growing demand from Asian end-users. Improved sentiment in China’s coking coal market, driven by better performance in the steel market and property sector stimulus, also supported the price increase.
