Research

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

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September 2017 | Steel Raw Materials


Downside risks build: Coking Coal and Coke Market Analysis


Spot PCI gains, on tighter Russian supply and a surge in coke prices.

Factors that drove up coking coal prices are likely to give way to adverse policy measures. The stimulus-induced upswings in the Chinese economy have been good for steelmakers, whether supplying flat or long products. Domestic prices for steel have continued to increase, incentivising China Iron & Steel Association (CISA) members to respond with higher crude steel output. According to the NBS, steel output was 10.27% higher than a year earlier in July, and it remained high in early August, driving up demand and prices for coking products. Furthermore, Chinese...

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