Coking coal and coke market report May 2015

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.Asian Metal Copyright 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.Asian Metal Copyright 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.Asian Metal CopyrightBillet steel prices in Tangshan has fluctuated between RMB1,970-2,000t and the figures for finished steel products are also hovering at low levels.Asian Metal Copyright While on the supply side, as many coke producers have already raised output in May, there will be more materials available in June.Asian Metal Copyright 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.Asian Metal Copyright Therefore, coke prices are very likely to remain stable in the next month.Asian Metal Copyright 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.Asian Metal Copyright 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.Asian Metal Copyright 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.Asian Metal Copyright