Wednesday, 24 Aug 2011
It is reported that coke main contract 1201 opens low at CNY 2,245 today and fluctuate downward around CNY 2,000. The afternoon session closes at CNY 1,977 off 3.90%.
Spot coke market performs stably with low stockpile. The second grade met coke prices in north and east market stand unchanged in the range of CNY 1900 per tonne to CNY 2040 per tonne.
While steel mills in Northeast China begins storage for winter, pulling up coking coal inventory. The railway capacity has to be shared with heating coal and food which will place more strains on coking coal and coke transportation.
(sourced MySteel)
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