August 2020: Korean Market Update


Korean Market Update


KAU19 prices, which were KRW 30,800 at the beginning of the month, fell to KRW 20,400 during the banking/borrowing application period, and continued to decline, registering a record low of KRW 19,250. KAU19 trading volume was 2.24 million tons, an increase of 10.2% from the previous month.

KAU20 prices followed the decline of KAU19 plummeting to KRW 22,400 before closing the month at a low of KRW 21,250.

Meanwhile, KOC prices remained at KRW 40,000 but no transactions had been recorded since April.