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Kallanish Steel Weekly: Coking coal surges as China eases ban on Australian imports (Jan. 24, 2023)

Seaborne coking coal prices trended higher during the week ended 20 January as China’s easing of its Australian coal ban boosted sentiment. The recovery trend is following the strengthening of iron ore prices in China, remaining last week at above $120/t CFR China for 62% Fe.

Kallanish assessed premium hard coking coal at $329.53/tonne fob Australia last week, up $20.46/t from $309.07/t the previous week.

On the Singapore Exchange, Premium Coking Coal Futures for February settled at $332.33/t on Friday, up from $308.5/t fob a week earlier.

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