From Sep QTY:
The metallurgical coal market has seen recent positive moves in pricing for Queensland suppliers,
including Bowen Coking Coal. Ongoing maintenance programs as well as production issues at large
Queensland mines constrained supply in the latter half of Q3 2023, with end user demand strengthening
for Australian coking coals, particularly Indian demand after the passing of monsoon season. This saw
prices for prime hard coking coal rise strongly from US$233 per tonne up to US$333,and hard coking coal
from $200 to $260 over the course of the quarter. Due to achieved pricing lags, the benefits of recent price
increases will continue to flow though post quarter end.
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