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17 Nov

Coke, coking coal futures drag up spot prices

Some steel mills accepted a CNY 100/tonne ($13.8/t) coke price increase on 17 November afternoon. This came after increases in the most-traded January 2024 coke and coking coal contracts on the Dalian Commodity Exchange (DCE) since two-month lows on 23 October, Kallanish notes. As the market expects coking plants and steel mills to carry out winter restocking for coking coal and coke from the end of November, the January 2024 coking coal and coke contracts on the …
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