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

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February 2020 | Steel Raw Materials

Will tightening steel margins put pressure on coking coal prices?: Coking Coal and Coke Market Analysis

The Fastmarkets premium hard coking coal (PHCC) index posted its first drop on a weekly average basis in sever week, sliding by $2.45 per tonne to $160 per tonne cfr Jingtang, China, in the week ended Friday February 7.

Price spread between domestic hot-rolled coil (HRC) in China and our estimate for hot metal production costs last week exhibited the sharpest drop since mid-May 2016, plunging to $153 per tonne, excluding VAT. The spread shrank by $29.5 per tonne week on week on the back of rapidly declining HRC prices. The HRC-to-hot-metal spread reached its lowest since the last week of October last year, which market a peak for seaborne metallurgical coal prices at that time. Fastmarkets coking...


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