China’s coking coal prices continued to fall amid lower demand from met coke producers. Weak downstream steel demand even after the lifting of Covid restrictions in June and need-based coke purchases is weighing on coking coal prices. In Inner Mongolia, Wuhai, coking coal prices are currently assessed at RMB 2,350/t ($350/t) on 28 June’22, a fall of 270/t ($40/t) w-o-w.
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