Author: Lalita
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Australian coking coal prices continue rising on strong demand
The FoB price of Australian premium hard coking coal surged by another $3.50/t to $125/t on 19 May’21 on the back of increased spot volatility in ex-China markets. However, near-term demand outlook for Australian coking coal from Indian buyers appears bleak given the fact that the resurgent pandemic could well affect India’s steel production in…