02
Dec
08:57
Chinese coke prices struggle to climb higher
As steel prices struggle, caught between weak fundamentals and policy stimulus, Chinese coke prices are also struggling to climb higher in both spot and futures markets, Kallanish notes.
After negotiations of nearly a week or more, coking companies reached a price increase of CNY 100-110/t for coke with steelmakers in the week of 27 November. Proposals for a second round of price hikes followed, and this was agreed last Friday. Futures started to fluctuate after t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous