
Coking Coal Outlook: China Supply Shocks and Price Trends
Australian premium low-volatility hard coking coal prices surged above $300/t cfr China in September, driven by a series of supply disruptions across key producing regions. Reduced domestic coal production in China following mining accidents and intensified safety inspections, constrained Mongolian exports caused by diesel shortages, and an outage at the Longview high-vol A mine in the US following an August fire all contributed to tightening supply and supporting prices.
However, market sentiment has shifted in recent weeks. Prices have retreated from their highs as Chinese buyers adopt a more cautious approach, and confidence weakens across the market.
At the same time, demand fundamentals remain under pressure. Chinese steelmakers continue to face challenging margins, limiting their ability to absorb higher raw material costs, while Indian buyers remain cautious amid thin profitability and comfortable inventory levels. Falling domestic Chinese coking coal prices have further reduced appetite for spot purchases, leading many market participants to anticipate a period of price stabilisation or further downside pressure.
Join Argus experts as they examine the supply disruptions that drove the recent rally, assess how key trade flows have responded, and explore what the market could expect heading into 2027.
Register for webinar
Register even if you aren't available on the day - we'll send you a link to the webinar recording
What we'll cover
Why register
- Assess the implications for trade flows, procurement strategies, and pricing across Asia
Gain insight into how Chinese policy decisions continue to influence global supply and demand balances - Market price analysis
Understand the key factors behind the recent surge in coking coal prices - Stay ahead of potential risks and opportunities in a rapidly evolving market
Hear expert analysis on the outlook for met coal and met coke markets through H1 2027
.jpg?h=315&w=600&rev=-1&hash=B9751E5662DE883B28CC1B20A70E44E8)
Speakers
FAQs
Related products
About Argus Media
Argus is the leading independent provider of market intelligence to the global energy and commodity markets, offering price assessments, news, analytics, consulting, data tools and industry conferences. Headquartered in London with 1,500 staff across 30 offices, Argus's metals experts provide in-depth pricing, news and analysis across nonferrous metals, rare earths and battery materials.