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

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October 2014 | Steel Raw Materials


Rising domestic prices unlikely to lift imports: Coking Coal and Coke Market Analysis


Coking coal stocks at Chinese steel mills and coke plants have continued to inch up, by 0.03M tonnes over the past week to 10.91M tonnes, while port stocks fell 0.3M tonnes to 7.14M tonnes at major ports on Friday, 17 October.

Contrary to the trend in iron ore, where imports have continued to surge, coking coal buyers In China are drawing more and more on domestic market sources. Nevertheless, restocking is certainly under way, even as the latest statistics reveal coke output fell again last month, bringing the year-date growth back into negative territory. The restocking so far in October, however, suggests demand may finally be improving and as local prices have risen again as a result this past week, so too have...

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