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

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January 2020 | Steel Raw Materials

Coke margins recover providing some upside to coal prices: Coking Coal and Coke Market Analysis

Fastmarkets coking coal indices increased across the board for a second week in a row last week, supported by wider coke margins.

Domestic coke margins in China have recovered to levels above $40 per tonne, considered a breakeven level, and remained above the threshold for the last six consecutive weeks. The margin, calculated as an average price for domestic second-grade metallurgical coke less Shanxi-origin HCC price (on a delivered Tangshan basis), both excluding taxes, averaged $47.5 per tonne in the week ended Friday January 17. This was the highest level since the week ended August 16, 2019, which was followed by a 16-week-long period of negative...


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