Economic stimulus in China did not significantly affect demand

November 2024 was a month of stability for the global coking coal market with little price fluctuation. In Australia (FOB Australia), premium coking coal held the level of $203/t. Meanwhile, on the Chinese CFR China market, prices fell by 0.5% to $214/t by the end of the month. At the same time, in the middle of the month there were fluctuations in the range of $3-4. The main factors affecting the situation were limited market activity, expectations of new economic stimulus in China and weak demand for steel.