Tag: Australia
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What factors triggered over 30% fall in Australian coking coal prices in past month?
Australian coking coal prices, in the last one month, have plunged by $157/t (32%). The premium HCC is currently assessed at $285/t, FOB Hay Point basis. The prices have now touched 10-month lows with the current change in trade dynamics and global steel demand turning sluggish. Post-war trade scenario The Russia-Ukraine conflict and subsequent sanctions…