Posted on 24 Nov 2025
Seaborne coking coal prices rose during the week ended 21 November on improved sentiment.
Kallanish assessed premium hard coking coal at $201.06/tonne fob Australia on Friday, up $4.23/t from $196.83/t the previous week.
On the Singapore Exchange, premium coking coal futures for December settled at $199/t, down from the settlement price of $201/t one week earlier.
Citing globalCoal, a Singapore-based trader reveals that a trade was done at $196/t fob for 75,000t of branded hard coking coal for December laycan on Wednesday.
On Thursday, global miner BHP sold 75,000t of Goonyella for 5-14 January laycan to a trader at $200.1/t fob.
"The main driver is China. We are seeing some good fundamentals in terms of indicators like purchasing managers index, auto sales, core sector growth out of October," says an India-based trader.
While China's supply issues appear to have been resolved, a Singapore-based trader notes that India’s coke import duty is a bit high now, and this may boost the demand from Indian cokeries.
A China-based analyst highlights that the market is generally optimistic about coking coal demand next year. "Domestic coking coal mine output remains suppressed by policy. The off-season may simply pass uneventfully, with demand not being particularly bad," he says.
Looking at the longer term, he is quite bullish that the demand for Australian coal imports could see a significant increase. The exact volume of that increase, however, will depend on what stimulus policies are introduced next year, he adds.
Source:Kallanish
