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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


Chinese coking coal market unchanged, for now: Coke and Coking Coal Highlights


Chinese domestic market participants are making few trades and holding prices firm, until a clear direction is seen in the steel markets.

China’s domestic coking coal market was generally stable this week, as most market participants stood on the sidelines cautiously waiting for clear signs of demand growth in September. The expectation is for steel demand to rise next month, prompting an increase in crude steel output. But, until a clear direction is evident in the steel markets, market participants are making few trades and holding prices firm.

Mainstream prices of hard coking coal in northern China remained at RMB1,010-1,070/tonne free on rail, unchanged from a week ago. Meanwhile, prices delivered to steel mills in the region were at RMB1,150-1,220/tonne this week, up from RMB1,150-1,200/tonne a week before and signalling an upside to pricing. The most traded January coking coal contract on the Dalian Commodity Exchange settled at RMB1,187/tonne on Friday August 23, compared with RMB1,160/tonne a week earlier. ...

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