What happened to the price of hard coking coal?

The price of hard coking coal (HCC) continued a rally that started in October 2020—reaching record levels of $600 per metric ton CFR China 1 before falling sharply in November and stabilizing at prices of around $400 per metric ton CFR China (Exhibit 1).

How much does coking cost per ton?

The coal prices averaged 374 USD/MT in the forecast period. For this quarter, the price trends in the United States remained strong. Per ton price of coking averaged around 333-370 USD. Average coking coal prices were around 2,665 RMB/MT, up 72.86% over the same period last year.

What was the price of coal in March?

Coking coal prices in the United States were 388 USD/MT during the month of March. Heavy rains were observed in the Shanxi region of China, the nation's main coal producing province, after record floods slammed the mining district of Henan in July.

How is Coke of coal price index calculated?

Coke of Coal price index developments are calculated from multiple separate sources of data to ensure statistical accuracy. Coke is a solid carbonaceous material that is derived from the destructive distillation of coal. It is used as a fuel and as a reducing agent in the production of iron and steel.