Tag: Australian Coking Coal Prices
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Australian Coking Coal: Prices plummet amid oversupply and import restrictions in China
The Australian export price of premium low-volatile (PLV) hard coking coal (HCC) has plunged about 20 percent this month, amid ample availability of lower quality seaborne cargoes and lengthy customs clearing process in China. Moreover, there seems to be some panic selling among traders who are concerned about a further drop in demand with the…