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

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March 2018 | Steel Raw Materials


Prices dip with reduced demand-side support: Coking Coal and Coke Market Analysis


Earlier this week, the National Bureau of Statistics (NBS) revealed its first estimate for coke and other industrial activity during the first two months of this year.

Following the buy-side optimism over recent weeks, sentiment has changed as slacker conditions downstream have disrupted demand. Reflecting this, the MB index for Chinese import prices of premium hard coking coal (PHCC) of Australian origin fell by $13 per tonne in the week ending March 16 to just $220 per tonne CFR; restoring a discount below the average assessment for multiple hard coking coals in China, which remained stable at 1,720 yuan per tonne delivered ($233) excluding sales tax. The retreat in import prices remains generally milder than for steel spot pricing in China, as we have...

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