In Australia, the cheaper coking coal

In Australia, declining prices for coking coal. 

Thus, the cost of high quality coking coal for the week decreased to 2.1% to $ 318.25 avstr.dol. / T (317.9 dollars).. A week earlier, this type of raw material costs avstr.dol 325 / ton.

Recently, Bank of America - Merrill Lynch suggested that the price of coal for supply to Europe in 2012 will grow by 24%.

Earlier, analysts National Australia Bank expressed the view that coking coal prices for delivery next quarter will increase to $ 300 / ton. Currently, the contract price for this type of raw material is 225 USD / ton.

First of market analysts assumed that prices for high quality coking coal may rise to 500 dollars / ton. According to them, it will go up after floods in Australia, which supplies two-thirds of coking coal to the global market, with 90% of the volume produced in Queensland.