China steelmakers slash price for June delivery

Keyword:
Publish time: 26th June, 2012      Source: ChinaCCM
Information collection and data processing:  CCM     For more information, please contact us

 

Accordingly, influenced by the bland transaction deals in the market, few coking coal producers in Shanxi have decided to curtail their production for shipments of July. It is reported that the prices for June delivery coking coal have decreased by 130 yuan per ton from previous time.

Similarly, recently the domestic coke market is also remaining at sluggish levels. As a consequence, most of steelmakers have cut their coke procurement prices by 120-130 yuan/t.

As for the market prospect, given to the approaching low season for steelmaking activities, we deem that it is very difficult for domestic coke market to emerge a bullish tone in the near future.