Tag: contract coking coal prices
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Benchmark Global Contract Price Settles at USD 81/MT FoB
Global contract price for coking coal has finally settled at USD 81/ MT, FoB Australia for Q1 CY16 after much speculation. Price has fallen by 30% compared to Q1 CY15. Met coal prices hit rock bottom in global market due to bearish sentiments especially continuous low demand from Chinese buyers. The impact of subdued demand…