Research

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

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January 2020 | Steel Raw Materials


Coking coal prices remain firm, supported by elevated domestic prices in China: Coking Coal and Coke Market Analysis


But as domestic coal prices accelerate quicker compared with imported material, the increased price competitiveness of the latter eventually leads to higher buying interest for imports.

The Chinese metallurgical coal market has seen differential for local coals over and above seaborne material remain elevated way above historic averages since the beginning of the second half of last year. The differential peaked at $65 per tonne in late September 2019, while a long-term average has been $22 per tonne, excluding tax. Domestic prices have been supported by restrictions on imports of coal from Australia over the past year, among other reasons such as firm demand. This year so far, we...

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