Tier-two coking coal prices plunge as Chinese buyers withdraw

The outlook for seaborne coking coal prices remains clouded by concerns over demand in the coming months when restrictions on production in China’s ferrous segment are rolled out for the country’s winter heating season.

This is compounded by an announcement in the steel production hub of Tangshan over the weekend of immediate measures to cut emissions in the city, following a forecast of rising air pollution levels. These include a 50% cap on production for local pelletizing shaft furnaces and sintering equipment, an extension of coke production time to above 36 hours at cokeries, and a suspension of construction activity in the city centre. The pessimistic outlook for seaborne coking coal prices was augmented in the middle of this month when the local government of...

Published

Deepali Sharma

September 25, 2017

11:42 GMT

Singapore