coking coal prices - Latest news GMK Center

The forecast was made against the backdrop of a gloomy situation in global steel production

Iron ore prices will fall in the future due to softening demand and new supply

Economic stimulus in China did not significantly affect demand

Traders doubt the long-term effect of Beijing's stimulus policy

It is expected that prices for this raw material will fluctuate at the level of $200/t until 2026

It is expected that at the end of Q4 2024 and in Q1 2025, prices will stabilize and begin to rise to $220-240/t

Indian consumers will return to the market at the end of August, stocks of raw materials in Chinese ports are sufficient

The positive dynamics is due to increased demand and expectations of a decrease in supply in July-August

In March, China led the decline in quotations

The country also lowered the forecast for the export of these products

Demand for raw materials in the Asian market remains weak

During the period of February 1-8, quotations decreased by 2.3%, and since the beginning of the year – by 5.2%