Coal Costs Surge 50% in Two Months
Coal prices have risen sharply, over 50% in two months, pressuring paper mills. The surge has prompted industry leaders to seek government intervention to secure supplies.
Coking Coal Price Trend Analysis 2026: Supply Demand Analysis, Price Drivers, Latest News, Historical Prices & Market Insights
Written ByShriya Singh
Coking Coal Latest Development
BCCL raises prices of select coking coal grades
The Coal India subsidiary adjusted basic prices of selected raw coking coal grades for non-regulated buyers to correct inter‑grade differentials. The move is expected to marginally raise input costs for steelmakers, with only a modest overall impact due to the limited grade scope and small magnitude of the increase.
Coking Coal Price Trend Q3 2026
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Coking Coal | China | FOB | USD 300.53/MT | August 2026 |
| Coking Coal | India | CIF | USD 391.31/MT | August 2026 |
| Coking Coal | USA | CIF | USD 413.41/MT | August 2026 |
| Coking Coal | Germany | CIF | USD 414.12/MT | August 2026 |
| Coking Coal | Canada | CIF | USD 395.20/MT | August 2026 |
| Coking Coal | China | FOB | USD 288.97/MT | July 2026 |
| Coking Coal | India | CIF | USD 395.78/MT | July 2026 |
| Coking Coal | USA | CIF | USD 476.46/MT | July 2026 |
| Coking Coal | Germany | CIF | USD 422.60/MT | July 2026 |
| Coking Coal | Canada | CIF | USD 485.97/MT | July 2026 |
Stay updated with the latest Coking Coal prices, historical data, and tailored regional analysis
Coking Coal Price Trend Q3 2026
- Coking coal prices diverged in Q3 2026, strengthening in China on safety-related supply curbs while easing in several import markets as seaborne values retreated from first-half highs.
- Mine disruptions in Shanxi and stricter safety enforcement reduced Chinese coking coal output, while Australian and North American supply remained broadly adequate.
- Steelmakers maintained regular purchases, though cautious procurement in import-reliant markets and softer seaborne sentiment limited buying interest.
Asia
In China, the average price of Coking Coal increased from ~USD 288.97/MT (FOB) in July to ~USD 300.53/MT in August, a rise of ~4.0%. India moved in the opposite direction, easing by about 1.1% from ~USD 395.78/MT (CIF) to ~USD 391.31/MT. Chinese values were supported by a mining accident in Shanxi that affected coking coal supply most severely, along with permanently stricter safety supervision and heavy rainfall that halted mines in key producing provinces. Renewed restocking added further support. In India, import costs softened as seaborne coking coal eased from its earlier peak, although values remained well above last year’s levels.
Europe
In Germany, coking coal averaged approximately USD 422.60/MT (CIF) in July and eased to about USD 414.12/MT in August, a decline of ~2.0%. European import values tracked the gradual retreat in seaborne coking coal from first-half highs. Elevated gas prices linked to the Hormuz conflict continued to support the broader coal complex, while disruption at Colombia’s Cerrejón mine tightened Atlantic supply and limited the extent of the decline.
North America
In the USA, average coking coal import prices fell from nearly USD 476.46/MT (CIF) in July to roughly USD 413.41/MT in August, a decline of ~13.2%. Canada recorded a steeper drop of about 18.7%, from ~USD 485.97/MT (CIF) to ~USD 395.20/MT. Ample domestic metallurgical coal output reduced reliance on imports, with US metallurgical coal exports rising in every month of the first half. Declining overall domestic coal consumption also weighed on import demand, pushing foreign offers lower.
Analyst Insight
According to Procurement Resource, coking coal is expected to trade in a narrow range, with Chinese supply constraints and rising Indian import needs offsetting ample North American availability.
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- Global coking coal prices strengthened in Q2 2026 as supply disruptions tightened availability before additional mine output and imports eased pressure.
- Feedstock conditions were influenced by mine suspensions, safety inspections and cross-border coal flows, with China receiving 26.42 million tonnes of Mongolian coking coal during January - April.
- Downstream demand remained mixed, with Indian steel production supporting consumption while Chinese property weakness and European industrial slowdown limited buying.
Asia
In Q2’26, Coking Coal prices in China were ~USD 228.72/MT in April and ~USD 284.00/MT in June, showing a ~24.2% increase. The market remained weak during early Q2 as steel mills purchased only immediate requirements and avoided inventory building. Conditions changed after a major coal mine accident in Shanxi triggered safety inspections and temporary mine closures, reducing domestic availability and supporting prices. Supply pressure eased in June as suspended mines restarted and imports increased. Chinese coking coal imports in May rose 51% year over year, while higher Mongolian supply supported availability. China received 26.42 million tonnes of Mongolian coking coal during January - April, increasing 68% year over year. In India, prices increased to ~USD 365.72/MT in April and ~USD 372.00/MT in June, showing a ~1.7% increase. Strong steel demand supported consumption, with crude steel output reaching 14.21 million tonnes in May and finished-steel consumption increasing 9.0%, maintaining demand for imported premium coking coal.
Europe
Coking Coal prices in Germany were ~USD 354.72/MT in April and ~USD 405.00/MT in June, showing a ~14.2% increase. European markets faced supply uncertainty after international availability tightened, but weak steel demand limited the impact. EU crude steel production declined 1.8% year over year in April, reducing blast-furnace coal consumption. Lower automotive activity and subdued construction demand restricted stronger buying, while increasing electric-arc furnace adoption reduced long-term dependence on coking coal. Imported premium coal availability remained important for European mills, keeping prices supported despite weak consumption.
North America
Coking Coal prices in the United States were ~USD 315.72/MT in April and ~USD 439.00/MT in June. Stronger steel output supported demand, with North American crude steel production increasing 6.9% year over year in April. US metallurgical coal exports remained stable, with higher shipments directed toward India. Additional supply from new mining operations improved availability, limiting prolonged tightness. Stronger domestic steel activity and export demand supported prices, while increased production capacity reduced further upward pressure.
Analyst Insight
According to Procurement Resource, coking coal prices are expected to remain influenced by Chinese mine activity, global steel production trends and new supply from Australia and North America.
About Coking Coal
Coking Coal is a grade of coal which is utilised to make good-quality coke. Coke is an essential fuel as well as a reactant in the blast furnace process for steelmaking. Primary steelmaking companies often have a division which produces coal for coking, particularly to ensure a stable and low-cost production of steel.
Coking Coal Product Detail
Industrial Uses
Coke production, Reactant, Steelmaking, Liquid fuel, Electricity, Cement manufacturing
Synonyms
Metallurgical Coal
Supplier Database
OJSC Raspadskaya Coal Company, Goonyella Riverside Mine (BHP Mitsubishi Alliance), Saraji Coal Mine (BHP Billiton/Mitsubishi Alliance), Mitsui Coal Holdings Pty Ltd., Anglo American plc, Mechel Group, Mitsubishi Chemical Corporation
Regional Coverage
Asia Pacific
China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe
Germany, France, United Kingdom, Italy,Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America
United States and Canada
Latin America
Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa
South Africa, Nigeria, Egypt, Algeria, Morocco
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Coking Coal Production Process
- Production of Coking Coal via Mining
Just like other grades of coal, Coking Coal is also derived by mining. It undergoes industrial processing before its utilisation.
Our Price Analysis Methodology
About the Author
Shriya Singh
Business Insights Analyst
Helping procurement and sourcing teams navigate complex markets through data-driven research, category intelligence, and actionable insights - with a focus on identifying market trends, analyzing supply-side developments, and delivering clear intelligence that supports informed business decisions.
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