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Shanxi coking coal market to be stable in Jun

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Publish time: 11th June, 2015      Source: www.cnchemicals.com
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Shanxi’s coking coal market is likely to stabilize this month, as large miners kept prices steady in response to moderate sales and low stocks.Market sources said large miners have remained prices steady recently, and most small miners also followed suit.Shanxi Coking Coal Group -- China’s largest metallurgical coal producer – kept prices unchanged in June, bolstering market confidence to some extent.One steel mill said the fat coal price in Inner Mongolia autonomous region dropped 5 yuan/t in June, but prices of other coking coal varieties in this region were steady.One private miner from southern Shanxi’s Anze County said downstream purchase was relatively active; the price of its premium low-sulphur primary coking coal was stable.One Linfen-based miner said the ex-washplant price of washed primary coking coal with sulphur below 0.4% was 680 yuan/t in June; the miner predicted a small rebound in the short run, citing demand for primary coking coal.Sources in Lvliang and Linfen said the road freight rate was adjusted up by some 5 yuan/t in June, which may lead to the increase of delivered prices.Imported coking coal market has maintained an upward trend recently, with the CFR price of premium low-vol Australia HCC at $96.25/t on June 9, up $0.75/t on week and up $6/t from the month before. Industry insiders said more end users at ports may turn to domestic market if import prices keep rising.As of June 9, The CCI Met Shanxi Premium Low Vol index assessed ex-washplant price of Liulin Premium low-sulphur primary coking coal at 650 yuan/t with VAT,; while CCI Met Shanxi High Sulfur Low Vol index was at 485 yuan/t, both unchanged on day and on week.