Tag: Australia coking coal price
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What factors are driving Australian coking coal prices higher by 40% from recent lows?
After falling for almost two months and touching the one-year low point of $190/t on FOB basis in first week of August, Australian coking coal prices rose by nearly 40% recently to $270/t FOB Australia. With the Indian government imposing an export duty on steel in last week of May, Australian coking coal demand and…