CHINA COKING COAL WRAP: Optimism up on higher coke prices

China’s domestic coking coal prices have stayed largely stable after two consecutive downward adjustments totalling about 120 yuan ($17) per tonne in the first two weeks of March.

However, Chinese market participants have a slightly rosier outlook for the country’s domestic coking coal market in April because of support from rising coke prices. The price of Shanxi’s mainstream hard coking coal from Liulin county with 0.6% sulphur and 9.5% ash fell to 1,430 yuan ($208) per tonne free on rail (FOR) in the first week of March, down 50 yuan ($7) per tonne from 1,480 yuan ($215) per tonne FOR in the last week of February. It fell another 70 yuan ($10) per tonne in the second week of March to 1,360...

Published

Sophie Zhao

March 30, 2017

07:11 GMT

Singapore