Research

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

Change font size:   

April 2013 | Steel Raw Materials


Coal markets remain cautious: Coke and Coking Coal Highlights


Benchmark coking coal spot prices adjusted lower by about $5/tonne.

International coking coal prices are stable to down this week, partly because of limited purchasing activity as many market participants attended the 11th Coaltrans China conference in Beijing early last/this week. At the same time, there is an increasingly negative outlook on steel demand given China’s lower than expected first-quarter economic activity. MBR’s benchmark coking coal spot prices adjusted lower by about $5/tonne last week, although we now hear that prices are generally steady going into the final week of the month.

We understand that demand is still stable as Chinese steel mills continue to ramp up production, taking daily output to a new record high during the first ten days of April, according to data from the Chinese Iron and Steel Association (CISA). This partly helped to halt the decline in coking coal prices recently. The firm demand has also contributed to inventory...

ACCESS RESTRICTED

You must be a paid subscriber to view the full content.
Content over 60 days old can only be accessed by subscribers.
Call +44(0)20 7779 8000 with your credit card details or subscribe online.


SUBSCRIBE


Receive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts. Plus download the latest issue as soon as it’s published.

Subscribe


Already subscribed?