Research

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

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June 2016 | Steel Raw Materials


Robust Chinese demand supports seaborne prices: Coking Coal and Coke Market Analysis


MBR believes Chinese demand for seaborne cargoes, particularly from Australia, was buoyed partly by relatively tighter domestic supply availability and resulting higher local prices.

Chinese coal industry revenues and profits fell 20% and 93.8% year-on-year respectively in the first four months of 2016, according to the National Bureau of Statistics (NBS). The Chinese government has implemented major supply-side reforms to rebalance the coal sector by enforcing mine closures and reducing the number of operational mining days to 276 days from 330. As a result, output of coking and thermal coal in Shanxi, the largest domestic coking coal producing region, declined 20.5%...

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