15
May
08:20
Expected supply growth drags on coking coal futures
Steel futures have declined 2.1% so far this week after China's weak April total social financing data was released last Saturday. Coking coal futures saw a more severe slump, which was catalysed by expectation of higher domestic coking coal output from May.
The September coking coal contract on the Dalian Commodity Exchange closed at CNY 1,664/t ($230/t) on Wednesday, down 4.2% this week. The May contract, which is to be delivered by this Friday, had CNY 304/…
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Anonymous
Very good overview of the weekly steel market.
Anonymous