Australia: Coking coal prices up by 30%, exports down 10% in Q3

The quarterly average of Australian coking coal prices rose by 31% ($120/t) and is currently assessed at $299/t, FoB Haypoint. While the prices had touched its low at $190/t FoB in July due to subdued global demand from steel mills, it has increased recently due to supply disruptions.

Dramatic price variation Coking coal prices that went down during June-July after the war-triggered panic buying settled across the globe, started their ascent from mid-August amid Indian mills' restocking activities on the expectations of demand revival (with monsoons nearing its end and upcoming festival season). However, in September and October