Energy-related markets seem to have been in high demand in recent days. In this regard, the global coke trade has been significantly welcomed in recent days. Sources said that the price of coke coal with the maritime trade index in the Chinese market in cfr trading format continued to rise on Thursday, August 12th. This price increase has also been observed due to low supply and good buying demand in the FOB market. It remains to be seen what effect this trend could have on global steel trading prices. In the following, we will analyze the metal bulletin of this subject. Please be with Artan Press.
*** Fast Market Index for Global Coke Trade
In the following, we will take a look at the fast market indicators for global trade. Indicators from the institute show that premium coke coal was traded in the FOB trading format at $ 222 per ton, which is a half price increase compared to the previous day. Hard coke coal with FOB trading format was priced at $ 196 per ton yesterday, which also increased by $ 0.25. The price of coking coal from Jing Tong port also fell to $ 294 and $ 340 per tonne in full and CFR trading formats, respectively, which grew by almost two percent compared to the previous day. According to sources, global trade in coke from North America was reported at $ 355-360 per tonne cfr per week from China. No firm proposals were reported on Thursday.
*** Whispers of transactions in the global coal market
Several market participants said that the global coke trade in October was trading at around $ 342 to $ 345 per tonne of cfr from China. An American coke coal was priced at $ 315 per tonne in China in October, a trader said Wednesday. Another trading in the Shanghai market has announced that most buyers can not pay for shipping. But according to the Chinese government’s dictatorial policies, the global coke trade continues to be strong and is likely to continue. A Shanghai trader has said that the price of global coke trading is very high. A trader from Hebei province said the rising price of domestic coke in the global trade was due to a shortage of supply. It also supports market inflammation for coking coal.
*** Price scenarios in global coke trade
Some sources say that if Mongolia’s coal imports to China continue, China’s supply of domestic and marine coke may be reduced. The Australian coke coal market remained largely stable on Thursday. A shipment of 75,000 tonnes of coke coal was traded at $ 222.5 per tonne FOB Australia on August 12, with a delivery date of September 10-19. A Singaporean trader noted that global demand for coal is still strong and supply remains limited. Therefore, the trading value of global coke trade is expected to attract a lot of investors in the coming months.
Global Coke Trade Outlook on the Dalian Stock Exchange
Some energy traders said that the resale opportunities of the global coke trade in China support its price in the FOB market. In other words, intermittent sales can be attractive to markets in the current situation. This attractiveness will cause the trading rate to rise due to the growth of demand in recent months. In this regard, we saw the boom of the global coke market in Dalian Stock Exchange. The most recent Coke coal futures deal closed in January at 2,205.50 yuan ($ 340.53) per tonne, up 55.50 yuan per tonne per day.
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