June 2017 | Steel Raw Materials
local prices stabilise as seaborne indices move down: Coking Coal and Coke Market Analysis
With circumstances as they are, of faltering market share and still-high profits, it is strange that local prices have not corrected more acutely so far this year.
The dichotomy between the worlds two leading spot markets has continued during the past week with the Chinese domestic price stabilising, in fact rising in US dollar terms, just as our seaborne indices have continued to correct downwards. As such, the gap between prevailing import prices of premium hard coking coal and domestic-origin hard coking coal has widened further this week to more than $16/t, which is above the $10/t average so far this year. This was also the difference recorded last week. As the chart shows alongside, it is not just spot market customers...
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