Goldman raises its 2017 coking coal price forecast by 64%

Goldman Sachs Group Inc. has responded to the dramatic coking coal rally by saying higher prices for this year’s best performing commodity may be here to stay. Spot hard coking coal has more than doubled this year to trade above $205 a metric ton as a new Chinese government policy reduced the number of annual … Continue reading Goldman raises its 2017 coking coal price forecast by 64%

Stunning coking coal rally wreaks havoc in steel, iron ore

The rise in the price of coking is upending the economics of the iron ore and steel markets with the Australian export benchmark price climbing 164% so far this year. Metallurgical coal was exchanging hands at $206.40 on Monday according to data provided by Steel Index as it consolidates at higher levels following weeks of panic buying not seen since 2011, … Continue reading Stunning coking coal rally wreaks havoc in steel, iron ore

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Goldman Says Higher Coking Coal Prices Are Here to Stay

Goldman Sachs Group Inc. has responded to the dramatic coking coal rally by saying higher prices for this year’s best performing commodity may be here to stay. Spot hard coking coal has more than doubled this year to trade above $205 a metric ton as a new Chinese government policy reduced the number of annual … Continue reading Goldman Says Higher Coking Coal Prices Are Here to Stay