Chinese 12 percent ash met coke moves past the 600.00 US dollars/tonne FOB mark--Why prices won't drop any time soon

摘要

After weeks of speculation about where prices are headed, Chinese 12 percent ash met coke surged past the 600.00 US dollars/tonne FOB mark last week. From all indications, it appears that prices won't be dropping any time soon. "We're in uncharted territory here," a trader told Coal Americas. "The world has never seen any thing like this before. We expected Chinese 12 percent ash met coke to reach 650.00 US dollars (per tonne, FOB) later this year and then to begin to stabilize, but now we're wondering if 650.00 US dollars isn't too conservative. We think met coke prices could begin to stabilize at around 700.00 US dollars (per tonne).