China coking coal prices remain stable; mines into holidays

sxcoal.com Coking Coal 2018-02-06 10:16:00
Coking coal market was generally stable at China's main producing areas, with end users slowing buys but miners gradually halting production.

In Shanxi province, miners preliminarily planned to commence days-off for Spring Festival around February 7-11.

One Yuncheng-based miner offered the price for lean coal with 0.7%-0.8% sulfur at 750 yuan/t, ex-washplant basis.

Washing plants would not purchase more coking coal as they planned to start holiday after washing currently-stocked coal, he said, adding mines at Linfen and Hejin also will commence Spring Festival holiday soon, he added.

A Jinzhong-based downstream user said the replenishment demand for coking coal came to an end and stocks could be utilized till the end of February.

"Our coking coal stocks have been full, enough to cover over 20 days of use," said a Hebei-based end user, who predicted coking coal prices to pick up after the holiday.

In Changzhi, impacted by environmental protection and power coal guarantee measures, production as well as transport of coking coal has been greatly restricted. Supply of meager lean coal was very tight, spurring major mines to lift prices for raw and washed material by 20 yuan/t and 40 yuan/t respectively. Their price rise was also supported by low coking coal stocks at downstream industries. 

On February 5, the Fenwei CCI index for Liulin low-sulfur primary coking coal was assessed at 1,640 yuan/t ex-washplant with VAT, up 90 yuan/t week on week.

The CCI index for Anze primary coking coal was assessed at 1,660 yuan/t with VAT, unchanged from the week prior.

(Writing by William Gao  Editing by Jessie Jia)
For any questions, please contact us by inqury@fwenergy.com or +86-351-7219322.

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