The upward momentum for coking coal and coke futures prices was not strong enough, and market participants generally held cautious approach, leading to lukewarm sales. Cokemakers were generally in the break-even points and sustained stable production. Coking plants that controlled output due to environmental checks gradually resumed, with short-term coke supply recovering. The lukewarm coking coal auctions lent limited strength to coke prices. Molten iron production kept falling and mills' coke stocks were at reasonable levels, posing pressure over coke prices.
Sxcoal Met Coke Daily Survey (Dec 25)
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