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

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March 2020 | Steel Raw Materials

Mongolian exports to China banned a further 2 weeks, positively affecting coal price forecasts: Coking Coal and Coke Market Analysis

Fastmarkets spot prices, which are for forward/future delivery, well reflect the values of imported Australian coal.

The initial coking coal export ban, from February 11 to March 3, has been extended to at least March 15 given the ongoing spread of COVID-19. Market participants expect the ban from China’s second favorite external supplier (by value) must continue to positively affect spot prices of similar and higher-value coals. By volume, Mongolia-origin metallurgical coal supply to China reached 33.8 million tonnes last year, approximately 3Mt more than Australian coals, although the average prices of the imported material reveal a substantial difference in the average...


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