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

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August 2013 | Steel Raw Materials


Coal and coke prices nudge higher on positive inquiries from steel mills: Coke and Coking Coal Highlights


Average weekly spot prices for Australian hard coking coal edge higher.

Sellers positioned themselves to raise prices last week after market activity improved. Suppliers essentially held back material, sensing low inventories among consumers and higher steel production rates. A July survey by Macquarie Bank on the Chinese steel sector suggested that optimism is building. Both orders and profitability were seen to increase, while the destocking of raw materials appears to have finally ended.

Moreover, many mills plan to lift output in August. As a result, average weekly spot prices for Australian hard coking coal edged higher by 0.7% week-on-week to $136/tonne FOB, while those for low volatile hard coal from the USA picked up by 0.8% week-on-week to $131/tonne FOB.

Mainstream prices of hard coking...

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