TY - JOUR N2 - Over the past decade, the growing demand for imported coal from consumers (mainly Asian) coincided with supply constraints on the part of major suppliers. The sequence of events is referred to as force majeure. There were many events in the exporting countries, mainly including the cyclone and floods in Australia (Queensland, the world’s largest hard coking coal mining region). Imbalance between supply and demand causes commodity prices to be subject to cyclical changes, but in recent years the frequency and dynamics of these changes in the international metallurgical market (hard coking coal, semi-soft coking coal, PCI coal) has been extremely high. China, the world’s largest producer and consumer of coking coal, played a leading role in these events. Political action by the Chinese authorities regarding their domestic mining and metallurgical industries and the coke-chemical industry has made the country dethrone Japan since 2013 and has become a global leader in metallurgical coal imports. The rise of China’s importance in coal trading has become an important benchmark for monitoring market trends and benchmarking benchmarks. The market has become more bipolar and CFR China’s prices (in addition to Australia’s FOB prices). The paper describes the path of pricing mechanism changes in international trade contracts for metallurgical coal, against the background of market conditions that generate these changes. L1 - http://www.journals.pan.pl/Content/113764/PDF-MASTER/document%20(13).pdf L2 - http://www.journals.pan.pl/Content/113764 PY - 2017 IS - Nr 98 EP - 76 KW - coking coal KW - prices KW - contracts KW - international market KW - spot market A1 - Ozga-Blaschke, Urszula PB - Instytut Gospodarki Surowcami Mineralnymi Polskiej Akademii Nauk CY - More info at Journal site: https://min-pan.krakow.pl/wydawnictwo/czasopisma/zeszyty-naukowe-instytutu-surowcami-mineralnymi-i-energia-pan/ https://min-pan.krakow.pl/wydawnictwo/wp-content/uploads/sites/4/2018/02/Wskazowki-ZN-ang-2018.pdf DA - 2017 T1 - Evolution of price mechanism on the international market of metallurgical coal SP - 65 UR - http://www.journals.pan.pl/dlibra/publication/edition/113764 T2 - Zeszyty Naukowe Instytutu Gospodarki Surowcami Mineralnymi Polskiej Akademii Nauk ER -