Saturday, April 15, 2017

Coking coal price soars

Coking coal took another leap surging more than 6% to $300.30, a 19-week high. Coking coal has doubled on the back of disruption to Australia’s coal exports associated with Cyclone Debbie which caused serious damage to key rail lines. Roughly 12–13 million tonnes of Australian met coal cargoes destined for China, India and Japan could be delayed.