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16 Dec
00:00

Chinese prices, supply to Japan and Korea hold key to Raspadskaya performance: Fitch

A recovery in Chinese coking coal spot markets or an increase in Raspadskaya’s longer-term supplies to premium Japanese and Korean markets remain key export profitability drivers for the Russian coking coal producer, according to credit rating agency Fitch. Asian coking coal concentrate export prices declined by 17% in the first half of 2014 versus H2 2013 to $50/tonne and are marginally below Raspadskaya's $56/t production cash cost. Asian markets…
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