Indian consumers will return to the market at the end of August, stocks of raw materials in Chinese ports are sufficient

According to S&P Global, Australian coking coal prices (FOB Australia) decreased by 11.7% – to $216.5/t in July 2024.

Prices for coking coal in China (CFR China) fell by 4.5% last month – to $235/t.

In late June and early July, the market reacted to possible supply problems following a fire at an Anglo American coal mine.

On June 30, the company announced that it had suspended production at the Grosvenor mine in Queensland after an underground coal gas fire a day earlier. The miner said it was working with the relevant authorities to extinguish the fire before being able to assess steps to safely return to the site. These procedures are expected to take several months.