Research

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

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June 2018 | Steel Raw Materials


Chinese coke & coking coal prices lose momentum: Coking Coal and Coke Market Analysis


Trade volume and prices have moved in parallel more recently, and we expect the price drop during the past quarter will coincide with a drop in trade

As expected, Chinese high-grade coking coal and coke prices have lost momentum as premiums over global prices remain under pressure. Shanxi-origin high-end coking coals (delivered Hebei) have been priced at a $15-per-tonne premium to imported Australian premium hard coking coal (cfr Jingtang) over the past few years, though the premium has been volatile (see chart). In exceptional circumstances, such as April 2017, when Australian exports were impeded out of the freight basing point of Dalrymple Bay Container Terminal (DBCT) because of Hurricane Debbie, Chinese coals were actually priced at a discount.

And a...

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