Research

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

Change font size:   

September 2013 | Steel Raw Materials


Chinese coking coal market seeks clear direction: Coke and Coking Coal Highlights


China’s domestic coking coal market moved up slightly during the week despite the cautious sentiment.

Both domestic and imported coking coal prices in China appear to be firming, but questions still remain concerning the near-term stability of prices. Steelmakers remain cautious over downstream steel product demand and how much they are willing to pay for and store raw materials inventories. Entering September, however, China’s domestic coking coal market moved up slightly during the week despite the cautious sentiment. Mainstream prices of hard coking coal in northern China were at RMB1,030-1,070/tonne ($168-175/tonne) free on rail at the end of the week, narrowing the range from RMB1,010-1,070/tonne a week ago. Meanwhile, prices delivered to steel mills in the region were at RMB1,150-1,250/tonne on Friday, up from RMB1,150-1,220/tonne a week before.

Nevertheless, most market participants remained on the sidelines, justifying whether the previous gains were supported by bullish outlook or...

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?