Review of the coking coal market

Coking coal prices remained at historically elevated levels in 2023, ranging from $200-400/t on a fob Australia and cfr China basis, with notable peaks and troughs during the year. But price movements were less aggressive compared with the previous two years, leaving behind the more than $660/t fob high recorded in March 2022 or the over $600/t cfr China record-high from October 2021