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

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December 2019 | Steel Raw Materials


Sustained Chinese interest keeps the market steady: Coking Coal and Coke Market Analysis


Although overall Chinese GDP growth will moderate to 5.8% next year, slower than the 6.1% forecast for 2019; intensified policy support is being enacted to buttress the economy with a focus on infrastructure spending and tax cuts.

Seasonally, weaker metallurgical coal demand growth during the winter period is expected, suggesting upward price movements will be restricted in the immediate-term. Moreover, Chinese industrial production has been particularly weak, while fixed asset investment slowed for a fourth straight month in October. Despite the headwinds, mandated steel production curbs in China (November to March) are likely to help tighten the market, leading to stronger coking prices throughout the first quarter of 2020.

Although overall Chinese GDP growth will moderate to 5.8% next year, slower...

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