Sentences with phrase «coking coal prices»

Volatility in spot coking coal prices has been much sharper, with prices almost doubling in three weeks to USD 290 / t (FOB Australia) in April 2017 in the aftermath of cyclone Debbie hitting Queensland.

After falling down below USD 140 / t in June, coking coal prices went up over USD 200 / t in September, largely on strong demand in China.

Not exact matches

Not only that, it would have a cascading effect across the western Canadian economy, with prices for commodities like copper, coking coal (used to make steel girders for apartment blocks) and even energy probably tanking.

But another type of coal, metallurgical or coking coal, also saw prices fall by about 50 % last year.

Over the past six months, the prices of most commodities have increased, although it is the prices of iron ore and coking coal that have risen particularly strongly.

China's demand for resources to supply its industrial expansion has put upward pressure on prices for steel and its raw materials (iron ore, coking coal), and on the costs of shipping.

A key element in this shift is China; the value of Chinese exports to Canada tripled over this period and Canadian exports to China, while still small relative to exports to the US, have grown steadily in value driven by commodity exports which have been buoyed by high prices and huge demand in China for key Canadian exports such as minerals (nickel, coking coal, potash, copper and iron ore), pulp and lumber.

Goldman Sachs has boosted its price forecast for coking coal and copper and upgraded Teck Resources Ltd (USA)(NYSE: TCK) from Neutral to Buy.

Coking coal and iron ore prices, which are mostly fixed in US dollars, fell in SDR terms as the US dollar depreciated late last year.

Rapid growth in global steel demand has also boosted contract prices for other bulk commodities; coking coal contract prices increased, on average, by 25 — 35 per cent in US dollar terms in recent negotiations, while iron ore contract prices have risen by close to 20 per cent.

Some coking coal contracts have reportedly been settled at prices more than double current contract price levels.

Other things equal, subsequent declines in spot prices for iron ore and coking coal would, if sustained, see the terms of trade fall further over the next few quarters.

As a result of the strong global demand for steel, coking coal producers negotiated an increase of around 120 per cent in contract prices, with iron ore contract prices generally rising by more than 70 per cent (Graph 39).

Luxembourg had ArcelorMittal, which slumped with the global steel industry as prices for coking coal and iron ore rose.

However, in response to high global prices — especially for coking coal — in the Asian market, export production has been increasing.