Coking coal and coke market report May 2015
2015-06-08 09:53:30 【Print】
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Billet steel prices in Tangshan has fluctuated between RMB1,970-2,000/t and the figures for finished steel products are also hovering at low levels
. What’s more, some steel plants may conduct furnace maintenance in May, so the demand for coke is expected to be dragged down compared with that of May, but in limited amount . While on the supply side, as many coke producers have already raised output in May, there will be more materials available in June . Therefore, coke prices are very likely to remain stable in the next month . As for coking coal, though many steel plants want to lower their purchase price further in June, the regional coking coal prices seemed to have already bottomed, so Asian Metal expects the prices to level off next month. However, it should not be ruled out that some individual miners may raise coking coal prices by RMB5-10/t due to the price overshooting in May .