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    September 7, 2021

    CRU: Chinese Coking Coal Surges to $600 /t – What’s Causing the Rally?

    Written by Richard Lu

    By CRU Senior Analyst Richard Lu, from CRU’s Steelmaking Raw Materials Monitor

    In a recent Insight titled “Iron ore at $140 /dmt – what’s driving the fall?”, we explained that weak demand in China has caused a sharp iron ore price fall and we expect the downtrend to persist for the rest of the year. In the past months, we have noticed another commodity experiencing a similar price move, but in the opposite direction. Chinese top quality coking coal prices have now reached $600 /t after averaging below $300 /t for the first seven months of the year.

    Richard Lu

    Read more from Richard Lu

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