Shanxi’s top-quality Liulin No4 premium hard coking coal was heard to be trading at 1,650 yuan ($248) per tonne delivered to Tangshan mills over the last three weeks, since a downward adjustment of 50 yuan per tonne on November 3.
The product, with 0.7% sulfur, 10% ash and a coke strength after reaction (CSR) of 65%, is commonly used in China to compare with Peak Downs.
Metal Bulletin’s assessment of prices for domestic hard coking coal in China’s Shanxi spot market, delivered to Tangshan, was 1,300-1,650 yuan per tonne for the week ended November 17.
This compares with 1,350-1,700 yuan per tonne five weeks earlier
The slow descent of prices for low-sulfur coking coal in Shanxi has been attributed to mines only partially resuming production after the 19th National Congress of the Communist Party of China, which wrapped up...