Lower coke prices to lift higher silica iron ore demand

摘要

Singapore—Demand for higher silica iron ore from mills is expected to increase in the coming days as prices of coke, used in the processing of the material, start to weaken, market sources said. Coke prices dropped for the first time since August 2020 as supply tightness eased a little in China after the Lunar New Year. Sources expected a few more rounds of price drop to follow in the near term. Price for coke with 12.5% ash declined from $451.98/mt in the week ending Feb. 13 to $449.36/mt in the week ending Feb. 20, on a DDP North China basis, S&P Global Platts data showed.