Coking Coal Market Report November 2012

1. Financial overview

1.1 PMI slightly up amid slow economic recovery in November

PMI of Chinese manufacturing industry was 50.6% in November, up by 0.Asian Metal Copyright New orders index rose fast by 0.Asian Metal Copyright4% from that of last month.Asian Metal Copyright2% in November, the second consecutive month above 50%.Asian Metal Copyright The index had risen slightly and steadily in the past three months, but still hovered just above 50%.

Among 5 indexes in PMI, three indexes rose and two declined in November. New orders index rose fast by 0.Asian Metal Copyright New orders index rose fast by 0.Asian Metal Copyright8% from last month to 51.Asian Metal Copyright1 PMI slightly up amid slow economic recovery in November PMI of Chinese manufacturing industry was 50.Asian Metal Copyright2% in November, the second consecutive month above 50%.Asian Metal Copyright6% from that of last month.Asian Metal Copyright With upcoming Chinese New Year, demand saw significant increase in wood processing, furniture manufacturing, electric apparatus manufacturing, automobile manufacturing, intercomputer communication electronic equipment and instruments manufacturing and tobacco processing industry.

Material inventory index was 47.9% in November, up by 0.Asian Metal Copyright2% in November, the second consecutive month above 50%.Asian Metal Copyright6% from that of last month.Asian Metal Copyright The index had risen slightly and steadily in the past three months, but still hovered just above 50%.Asian Metal Copyright It had risen in three consecutive months though it was still under 50%, indicating that inventory continued to decline in manufacturing industry and the decline narrowed consistently.Asian Metal Copyright The index had risen slightly and steadily in the past three months, but still hovered just above 50%.Asian Metal Copyright Large-scale stockpiling did not occur as expectation.
.Asian Metal Copyright6% from that of last monthAsian Metal Copyright