China's domestic coking coal market maintained its strength in November despite a rapid price decline for coke in the country amid negative sentiment in the steel market.
Fastmarkets MB's weekly domestic price assessment for hard coking coal in Shanxi delivered to Tangshan stood at 1,520-1,900 yuan ($220-275) per tonne last Friday November 30, widening upward from 1,520-1,850 yuan per tonne on the first day of last month.A relatively tighter supply of low-sulfur coking coal in comparison with higher-sulfur materials had let to its prices rising last month.Tight supply Coking coal prices in China generally trended upward in November in contrast with movements in downstream markets.The price of coking coal with at least 1.3% sulfur content, which represents the lower limit of Fastmarkets MB's assessment for the steelmaking raw material delivered to Tangshan from Shanxi, was stable last month. But that of coking coal with a maximum sulfur content of 0.6%, which represents the upper limit, increased by 50 yuan per tonne during the same period due to the country's limited resources of low sulfur hard coking coal....