25
Jun
01:28
Macquarie foresees range-bound coking coal prices
Macquarie forecasts hard coking coal (HCC) prices to remain range-bound and average $275/tonne in the second half, Kallanish notes.
The research house says in a note that it foresees HCC prices to remain subdued around current levels for the rest of the year as seaborne demand is set to grow only mildly.
This is because finished steel exports from China, which mostly uses domestic or Mongolian coals, suppress consumption of coking coal in key importing hubs lik…
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Anonymous
Very good overview of the weekly steel market.
Anonymous