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Coking coal price jumps to six-year high

Цена коксующегося угля подскакивает до шестилетнего максимума
The price of coking coal rose again on Thursday by 4.6% to $ 314.00 per tonne due to constant supply disruptions due to a tropical storm in Australia.

This is the highest coking coal price since the second quarter of 2011, when price spikes caused floods in Queensland, pushing quarterly contract prices to a record high of $ 330 per tonne.

Offshore supplies of coking coal more than halved in two weeks amid disruptions in Australian coal exports linked to Cyclone Debbie, which severely damaged key rail lines serving mines in Queensland.

Approximately 12-13 million tonnes of Australian coal cargo destined for China, India and Japan may be delayed


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