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The trend of the coking coal market still remains obscure theses days. As the steel market remains gloomy and coal market is not likely to go up by any extent. Sources also indicate that some steel mills requested cuts on coal price.

As per report, recently Australia primary coking coal remained at CNY 1,350 per tonne to CNY 1,380 per tonne at Jingtang port. Lean coking coal from Russia stayed at CNY 1,230 per tonne and 1/3 coking coal from Outer Mongolia stayed at CNY 500 per tonne at Ejin Banner port.

As the steel market is now declining, it is predicted that coking coal market will experience a fluctuating state with little possibility either to go up or down. As coking coal price remains robust, coke market is burdened now.

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