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

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August 2019 | Steel Raw Materials


The price downturn intensifies as prices dive to 2-year lows: Coking Coal and Coke Market Analysis


First-tier hard coking coal prices plunged to two-year lows last week.

Unlike the iron ore market, which resisted the price downturn until the last couple of weeks, the coking coal market has recorded a slump in prices since June. Over the past ten weeks, premium hard coking coal prices (PHCC) have shed 20% on a fob Australia basis and 15% on a cfr China basis. Price shave come down as a result of rising supply and slowing demand growth and the price fall was exacerbated last week due to bearish sentiment regarding the possible impact of trade...

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