Coking Coal Prices Set to Fall from $285/Mt Accord for Q4

Platts reported that Australian coking coal prices are expected to drop from $285/mt.

The market news is quoted as saying:

The Q4 hard coking coal contract settlement at $285/mt FOB Australia–said to be done between Anglo American and South Korea’s Posco–was helped by “good timing,” Credit Suisse said Thursday, adding that prices are likely to fall further on supply improvements out of Queensland.

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