Overview
Prices for Australian premium hard coking coal exports provide the main benchmark for global metallurgical coal markets. Weather disruptions to Australian supply and changes to trade flows have made coking coal one of the most volatile commodities in the world, increasing the need for indexation and hedging. This volatility has carried over to relationships between grades, necessitating a broader range of indexes to enable the industry to track prices.
Argus publishes fob Australia, cfr China and cfr India indexes for premium low-volatile hard coking coal, mid-volatile hard coking coal, and pulverised coal injection (PCI) in Argus Ferrous Markets and delivered online through the Argus Metals. Argus also publishes prices for Chinese and Colombian metallurgical coke exports.
