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03 Jan
09:43

Domestic coke drops despite bullish macro news

Domestic primary coking coal prices dropped on 2 January and coke prices slipped the day after. Meanwhile, futures markets have hiked after the New Year holiday due to the central bank's credit injection in December 2023. Kallanish notes that the price of Anze low sulphur primary coking coal went down CNY 100/tonne ($14/t) to CNY 2,550/t on the first working day after the holiday. The price of many other lower qualities of coking coal had already slipped last …
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