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China may shake the global commodity market in the near term future since coking coal price, acting as the key ingredient for the steel manufacturing process has been rallying hard for the last couple of months. Due to the shortage of supply and ongoing increase in the demand for coking coal, the price of premium coking coal has surpluses $ 200 a ton over the last six weeks. Buyers among the different parts of the world are dissecting spot market in search of premium hard coking coal. According to the leading economic researchers in the China, the price of might rallies extensively in the near future since scarcity will be acting as the price driving catalyst in the spot market. If things continue to sustain like this then billions of dollars might be added as a profit to the industry’s biggest producers.

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