Tag: coking coal prices

Price Recovery for Coking Coal Still Far Away

Price Recovery for Coking Coal Still Far Away

Metallurgical or coking coal contracts for Q1 2015 hit another quarterly low according to HSBC with hard-coking coal at $117/metric ton, semi-soft coking coal at $86/mt, and ULV PCI (ultra-low, volatile, pulverized coal-injection) at $99/mt CFR China, continuing a downward trend.

Free Download: Cost Certainty for Coking Coal Shipments

Coking coal prices have suffered from many of the same dynamics as iron ore. Excessive investment in recent years has boosted supply, with more planned to come on-stream. Although some of those under development are expected to be delayed in 2015 due to current prices, others such as Mozambique where the completion of the Nacala corridor is expected this month, are set to add significant extra capacity.

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