Research

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

Change font size:   

November 2014 | Steel Raw Materials


Seaborne Met. Coal yet to benefit from restocking: Coking Coal and Coke Market Analysis


The rapid drawdown in recent months, in our view, clearly reflects still elevated, if no longer increasing, pig iron and crude steel production in China and high “real” coke demand.

While steel mills have been replenishing inventories more rapidly since the middle of October, coke plants have started to follow suit, which in our review relates more, overall, to the approaching winter than to the output cuts being imposed in Hebei. MBR believes that this year’s winter restocking will be less pronounced than normal, however, despite the rapid retreat in port stocks recorded over recent months (see chart). This is due in part to the market doldrums; apparent though arguably not real coke consumption is still expected...

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?