From the archives: A dramatic year for metallurgical coal
17.10.2018 by Miriam Falk, Senior Analyst – Steel Raw Materials, Fastmarkets MBR
A year ago when we last focussed on metallurgical coal in this blog, prices had just shot up and the commodity was about to embark on a 12-month journey of great volatility and disruption. This sub-type of bituminous coal, also known as coking coal, emerged as the best performing commodity last year after several years of declining prices.
While Bloomberg’s Commodity Index rose about 10% in 2016, Metal Bulletin’s fob Australia premium hard coking coal index quadrupled from January to November last year, even climbing above $300 per tonne.
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