What it is
Coal of a grade that can be baked into coke, the hard, porous fuel that a blast furnace needs to turn iron ore into iron. It is a raw material of steel rather than a fuel for power stations.
How it is usually quoted
US dollars per tonne; yuan per tonne in China.
This is the customary unit of the reference market. Other markets for the same commodity may use another unit or currency, and an exchange can change a contract’s terms: its own rulebook is the authority.
Where the reference contract trades
Singapore Exchange (SGX) and the Dalian Commodity Exchange.
Named for orientation only. Naming an exchange or a market here does not mean that GIO4X gives access to it.
What commonly moves it
- Steel output, above all in China and India
- Weather in Queensland, where cyclones and floods have closed mines and railways
- China’s import policy
- The share of steel made from scrap in electric furnaces, which need no coke
These are the things people who follow this market usually watch. They explain how the market works; they do not say what the price will do next.
Where it comes from
Australia, chiefly Queensland, is the leading exporter. China mines the most and uses it at home; the United States, Canada, Russia and Mongolia also export.
The order of producers changes from year to year, so no quantities or shares are given here.
At GIO4X
Coking coal is not offered as a GIO4X instrument. This page is general education about a market that exists elsewhere, and nothing on it means that GIO4X quotes, trades or gives access to it.
The commodities GIO4X does list are Brent crude, gold, natural gas, palladium, platinum, silver and WTI crude.
Words worth knowing
A reference page. Educational information, not investment advice or a recommendation to trade. It gives no price and no forecast.