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

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January 2019 | Steel Raw Materials

Stable conditions in Chinese coking coal seem unlikely to persist: Coking Coal and Coke Market Analysis

Within China, the premium end of the market, as represented by the high end of Fastmarkets MB’s weekly assessment remains stable and as a result at a historically elevated premium to Australia-origin PHCC.

After falling further through the final two weeks of December – from a weekly average of $208.64 cfr China at the time of our last report to $201.61 in the week ending December 28 - premium hard coking coal spot prices have since found support. By contrast, HCC spot prices have continued to retreat modestly, further widening the gap for quality; more often than not a sign that productivity is becoming more important to steel mills. Australian export prices, fob DBCT, which remain at a...


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