Research

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

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March 2020 | Steel Raw Materials


Supply worries continue to support prices: Coking Coal and Coke Market Analysis


While domestic coal prices in China dropped last week, narrowing the elevated differential over and above the seaborne material, metallurgical coke prices – both domestic and export ones – also declined, pushing the pressured coke margins into the negative territory.

Fastmarkets' coking coal indices recorded a fourth consecutive week of price rises last week. Indices averaged higher week on week across the range in the week ended Friday March 6, with largest gains seen in the Chinese import market. Indices for premium hard coking coal (PHCC) averaged $173 per tonne cfr Jingtang and $161 per tonne fob Dalrymple Bay Coal Terminal (DBCT), up by $4.49 per tonne and $0.76 per tonne week on week, respectively. However, prices remain...

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