Latest news on China Met Coke markets

DAILY: Chinese steelmakers initiate fresh met coke price cuts

Major steel producers in North China's Hebei and Tianjin on July 20 notified their coke suppliers of the Yuan 50-55/t reductions in their met coke purchasing prices starting from July 22, unfolding the first bout of coke price cuts after nine consecutive hikes since April.

DAILY: China's met coke market awaits new signals

China's metallurgical coke market maintained a flat trajectory on July 17, awaiting new signals for the near-term trend. Some market participants predict that mounting downside pressure could soon conclude the market's rally that has lasted for several months.

WEEKLY: Stockpiles build at Chinese met coke plants

Metallurgical coke stockpiles at Chinese coke producers have been building up notably this past week due to sluggish transactions and recovering production rhythms. The eased supply tightness, however, is posing downside risks for coke prices.

DAILY: China's met coke prices set to retreat next week

China's metallurgical coke prices are expected to fall back next week, since steelmakers are reportedly mulling over cuts to their purchasing prices of this steelmaking material amid mounting financial strains, potentially bringing an end to the coke market's consecutive uptrend that has lasted for

DAILY: China's met coke holds steady, sentiment soft

China's metallurgical coke market held steady as of July 15, with participants awaiting clearer price signals. Meanwhile, tepid sales continued to weigh on coke fundamentals, gradually shifting pricing leverage toward steelmakers.

DAILY: Bearish expectations grow in China's met coke market

The outlook for China's metallurgical coke market turned more bearish on July 14 amid a widening supply-demand imbalance. Market sources expect coke prices to trend lower soon, potentially ending their consecutive rallies since April.

DAILY: China's met coke rally hopes fade as pressures build

Hopes for a further uptick in Chinese metallurgical coke prices faded on July 13, as buying demand and market sentiment soured amid slowing operations at domestic steelmakers. Market participants expect downside pressure to increase for the coke market, as steel mills try to reduce raw material cost

DAILY: China's tenth met coke price hike stalls as mills demand wanes

Chinese steelmakers' resistance has effectively stalled the tenth attempt to hike metallurgical coke prices by coke producers, and market participants are now largely anticipating stable coke prices in the near term with limited scope for sharp moves in either direction.

WEEKLY: China's met coke fundamentals tend to loosen

China's met coke fundamentals softened this week from earlier tightness, driven by slower purchases from steel mills and a slight increase in coke production. This shift has eroded coke producers' bargaining power through the week, putting the tenth bout of coke price hikes on hold.

DAILY: China's met coke price talks heat up, prospects mixed

Price talks for China's metallurgical coke heated up between steelmakers and coke producers on July 9, keeping spot coke prices stable for the time being. The near-term prospects are splitting though, caught between still-supportive underlying fundamentals and cooler sentiment in the market.