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Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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April 2009 | Steel Raw Materials


China holds coke price steady: Coke and Coking Coal Highlights


MBR has yet to hear of one single trade this past week.

China has held its export price for coke steady at around $380-390/tonne fob. Demand though is so low, that there is almost no point in them lowering their offer prices. From what we understand, exports in March may prove to be as low as they were in February – 26,000 tonnes.

Demand evaporates

Having spoken to a variety of coke traders in different regions of the world, MBR has yet to hear of one single trade this past week. It seems that there is simply no interest in the material. Steel producers have adequate stocks of coke; they also have stocks of coal which are big enough for them to convert into coke themselves, without having to buy any coke. Traders are not buying in the knowledge that they are unlikely to be able to sell their material.

The situation is the worst in Europe, which has been...

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