Research

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

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August 2014 | Steel Raw Materials


Metallurgical coal market finds hope amid difficulties: Coking Coal and Coke Market Analysis


Weaker-than-expected Chinese economic data is also weighing on the metallurgical coal market.

Chinese metallurgical coal trading activity remained thin over the past week, as mills turned to cheaper domestic material. Although still under pressure, the market has come to a consensus that the seaborne metallurgical coal prices have reached a floor now. MBR understands that since China imports seaborne coking coal for its better quality as a supplement to domestic material, it is unlikely seaborne prices to change significantly in a short period, especially given the downbeat domestic market. Premium Hard Coking Coal Index lost $1/tonne over the week...

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