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China's merchant coke prices stabilise after tumble

ABSTRACT

The bearishness of China's merchant coke market could be waning after the price tumble witnessed throughout November, Mysteel Global has learned, as steel producers in core steelmaking hubs in the country's North, East and Northeast regions have given no hint they plan another assault on procurement prices. At least, not so far this month.
Market watchers attributed the mills' uncharacteristic silence to recovering finished steel margins, though their actual demand remains weak.   On December 8, Mysteel assessed the price of coke with 13.5% ash, 0.7% sulphur and 55% CSR in Tangshan in North China's Hebei, for example, at Yuan 2,560/tonne ($403.8/t) on delivery and including

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