03
Sep
14:30
Coking coal seen stabilising before post-2020 multi-year downtrend
Fitch Solutions has revised down its forecast for coking coal prices in 2019 to $185/tonne from $195/t as easing supply and reduced Chinese demand ended the price uptrend seen in the first half of 2019.
The seasonal lull in Chinese demand and the effect of broad supply improvements in Australia are temporary, however. “Although we do not expect a strong revival of coal prices, we expect prices to stabilise and modestly rise again in the coming quarters,&rd…
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Anonymous
Very good overview of the weekly steel market.
Anonymous