May 2012 | Steel Raw Materials
Coking coal prices saw rollover last week: Coke and Coking Coal Highlights
Colombia eyes private investment, with plans to develop capesize docking and loading facilities.
Coking coal prices were flat across the board last week, with no movements. Import prices for Australian material remained at $224/tonne FOB and the US spot price at $210/tonne. The May Day holiday in China has prevented buyers from accessing the market and the fact that prices have been stable for domestic coking coal provides some indication that tightness in supply from Australia is starting to affect values; further prices available next week should help to confirm this. BHP Billiton warned in its recent quarterly report that the strikes will affect "production, sales and unit costs".With the quality of domestic coking coal in decline, Chinese steel mills and coke plants are looking to secure high-quality material from Mongolia and Africa. Shipments from Africa will take time, owing to the lack of infrastructure on the continent and bureaucratic...
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