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Benchmarks give way: How global met coal markets are changing with the adoption of spot price indexes

Published April 2018

Pricing in metallurgial or coking coal markets has entered a distinct new phase. Increased spot market activity, the use of futures and hedging, and the adoption of different price structures in coking coal are all part of longer-term trends that are transforming the market globally, in a way not unlike the changes seen in the iron ore market earlier this decade.