Cocking Coal prices tend to decrease

The desire for steel factories in India during the year to get at least some good news, it seems, in the near future it may be fulfilled. Cocking coal prices will drop by a couple of dollars in December, and, as expected, the same thing will be repeated in the first quarter of next year.

Miners in Australia will dig deeper, increasing volumes, and this trend will continue, and the monsoons are expected to be meager. The comfort of deliveries is able to prevent a seasonal surge in prices at the end of the fourth and early first quarters.

At the same time, it is reported that Chinese factories postpone the reservation and even current payment transactions of supply due to a decline in business activity in the steel market and pressure in terms of rationalization of production capacities planned by the Chinese government.

At the end of last week, the price levels of various low -grade coking coals already felt a decrease by $ 2 per ton and touched $ 147 per ton.

This position in the market, in turn, caused speculation among buyers with further correction, thus, holding purchases. Muffled purchases are expected to pull the price further. Even if the trend is clear over the next week, it will probably be irreversible until the end of the year.