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

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January 2020 | Steel Raw Materials

Bush fires provide limited price support: Coking Coal and Coke Market Analysis

According to the North Queensland Port Authority, exports from three key ports including Dalrymple Bay, Hay Point, and Abbot Point recorded a decline in throughput in the first eleven months of last year. Unlike the previous year, the trend was driven by developments at Dalrymple Bay.

In spite of the intense bush fires, which have spread across key metallurgical coal producing states on the Australian east coast over recent weeks, coking coal and coke prices are showing only limited upward movement. In fact, the upward movements, according to our price reporters, are coming more from buyers, citing rising steel orders and the need to replenish coal inventory. In the week ending January 3, Chinese import prices for premium hard coking coal (PHCC) were indexed at a daily average of $149.54 per tonne cfr Jingtang; the highest since the...


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