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The coking coal price has over the past two months lost approximately half of all gains seen in 2016. It was the surprise commodity performer of last year, jumping from $75 per tonne in February to hit $308 per tonne in November. Coking coal, which is used in steel manufacturing, is now in rapid retreat. Analysts believe prices have further to fall from the $172 per tonne level as mining companies ramp up production.
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