9,321.64 TRY BIST 100 BIST 100
38.18 USD USD USD
5.27 CNY CNY CNY
44.06 EUR EUR EUR
0.12 CNY CNY/EUR CNY/EUR
45.84 TRY Interest Interest
66.96 USD Fossil Oil Fossil Oil
40.44 USD Silver Silver
4.76 USD Copper Copper
99.35 USD Iron Ore Iron Ore
352.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,286.58 TRY Gold (gr) Gold (gr)

Coking coal prices decrease to lowest level

Chinese coking coal futures slumped more than 3 percent as their losses rose as steelmaking input supplies could rise if Beijing lifts trade sanctions against Australia.

Coking coal prices decrease to lowest level

Australian Foreign Minister Penny Wong discussed China to lift trade sanctions during her visit to Beijing this week, aimed at mending strained diplomatic ties.

China, the largest steelmaker, has taken measures to restrict or ban shipments of many Australian commodities, including coal.

The top-traded May coking coal on China's Dalian Commodity Exchange DJMcv1 closed daytime trading at 1,841.50 yuan ($263.79), falling 3.5%. It previously hit 1,822 yuan, the lowest level since 8 December.

Coke DCJcv1, the processed form of coking coal, or metallurgical coal, decreased 4.1% to 2,652 yuan per tonne after hitting its lowest level since November 24 at 2,636 yuan.

Concerns over rising COVID-19 infections in China put pressure on raw material prices and steel benchmarks.

On the Shanghai Futures Exchange, rebar SRBcv1 fell 0.7%, hot rolled coil SHHCcv1 fell 0.6%, wire rod SWRcv1 0.4% and stainless steel SHSScv1 decreased 3.1%.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

April prices fluctuated in Egypt's rebar market

Tuesday, April 22, 2025

Türkiye's consumer confidence index decreased again in April

Tuesday, April 22, 2025

EU supports Spain with 400 million euros in hydrogen production support

Tuesday, April 22, 2025

İsdemir to build a SPP worth TRY 701.6 million in Diyarbakır

Tuesday, April 22, 2025

Egypt and Saudi Arabia to cooperate on green energy

Tuesday, April 22, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now