Australian coking coal prices drop by $3/t d-o-d amid tepid demand
Australian coking coal prices fell by $3/t d-o-d to $312/t on 7 Feb'24. This drop is attributed to tepid demand from China due to the lunar holidays, while end-users in India were observed diverting their attention away from Australia due to production and delivery delays. Furthermore, Kembla Port in Australia is scheduled for maintenance shutdown from 12 to 15, Feb'24.