Coke prices on the Dalian bourse slipped 1.5% to 3,556 yuan per tonne, after losing 2.8% earlier during the session. The most-traded coking coal futures on the Dalian Commodity Exchange, for September delivery, fell as much as 3.1% to 2,800 yuan per tonne. BEIJING — Dalian coking coal and coke futures fell on Thursday, shedding more than 2%, dented by poor spot market prices, while thin profits at mills also hurt downstream demand for the steelmaking ingredients. “But supplies are relatively tight, especially for coking coal … it’s hard for coking coal and coke prices to plunge further in the longer run.”Benchmark Dalian iron ore futures, however, jumped 2% to 839 yuan a tonne. The June contract of Shanghai stainless steel futures inched up 0.7% to 19,465 yuan a tonne.

Source: The Star April 28, 2022 15:26 UTC