Intel Details

China: Coking coal, coke futures jump on COVID resurgence

4 Aug 2021, 20:00 IST
Steel Mint Intel

Coking coal and coke futures in China rose on Wednesday, 4 Aug'21, as resurgence of the coronavirus outbreak sparked supply concerns. The most active coking coal futures on the Dalian Commodity Exchange (DCE) for Sep?21 delivery rose 1.1% to RMB 2,314/t ($358.16/t). Coke futures increased 3.4% to RMB 2,953/t. The renewed upsurge in the pandemic situation would affect the turnover rate of coke and arrivals at mills as well as prices. The recent outbreak might also delay coking coal transportation. The latest price of domestic met coke, with 12.5% ash content, in north China is assessed at RMB 2,780/t ($435.87/t), up RMB 50/t ($5.71/t) w-o-w.

4 Aug 2021, 20:00 IST
You have 4 complimentary intel remaining! Stay informed with SteelMint