The spot price for solid coking coal reached its highest level since May 2013. However, while coal prices are up more than 90 percent, analysts said they are expected to contract this year on a slowdown in China and easing supply problems.
September in the international coal market was marked by extremely high activity, especially from buyers from the Asia-Pacific region, especially in China, which increased demand for all coal grades and contributed to a significant increase in prices and restrictions on supplies in the international coal market.
The spot price for solid coking coal was $ 152.20 /t on September 6, the highest level since May 2013. However, analysts believe that this year it will fall due to a slowdown in China and the easing of supply problems. The spot price is expected to average $ 95 /t.
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