Australian coking coal prices drop $5/t d-o-d amid low buying interest
Australian coking coal prices fell by $5/t d-o-d to $235/t on 3 April, 2024, amid an overall low buying interest. Sentiments were further dampened by a decline in prospective buyers from India. This decline occurred as India-based end-users have fulfilled their pre-monsoon procurement needs. The Asian metallurgical coal market experienced a decline in prices again, with sellers continuing to lower offers amid oversupply.