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Coking Coal is a coke product and is a variety of bituminous coal. It is a strong, hard porous material with high carbon contents, created by heating coal in the absence of oxygen at a temperature above 600° C. The process removes the volatile components of coal and leaves coke as the by-product. Coke is entirely composed of hydrocarbons and has definite properties defining its chemical and physical nature.
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Coking Coal is formed when coke is heated at high temperatures due to the carbon and hydrogen content of this chemical compound. It is also called metallurgical coal, as it produces hot metal in a blast furnace.
The key importer countries of Coking Coal are India, the Netherlands, and Vietnam. On the other hand, the exporting countries are Indonesia, Australia, and South Africa.
Key Details About the Coking Coal Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Coking Coal price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Coking Coal Price trend, including India Coking Coal price, USA Coking Coal price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Coking Coal Price Trend:
Coking Coal is also known as metallurgical coal, primarily used in coke production, which is further used in steel industries. Coke is an essential fuel that acts as a reactant in blast furnacing, where the compound is extensively used in manufacturing steel.
Additionally, it is used in activities such as blacksmithing to heat iron and steel while forging, in foundries as a reducing agent, as a domestic heating fuel where natural or coal gas is not available, and in brewing to dry malted barley before the process of making bee. Other varieties of coal, such as Hard Coking Coal, Medium Coking Coal, Semi-Soft Coking Coal, and Pulverized Coal, are also used in metal manufacturing industries to produce steel.
Key Players:
- 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
News & Recent Development
- Date: April 10, 2023- Tangshan Steel Mills has planned to reduce their purchase prices of Coking Coal to around 50-100 Yuan a tonne from April 10, 2023.
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