Author: Aditya Sinha
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Australian coking coal prices grapple with oversupply from Chinese demand loss
Australian coking coal prices have declined swiftly after China’s informal ban on Australian coal imports since mid-October. Persistent oversupply concerns have been exerting tremendous downward pressure on the Australian coking coal prices with continued uncertainty over the lifting of current Chinese import restrictions on Australian coals. Ex-Chinese buying interest for seaborne coking coal is presently…