Demand for metallurgical products revives in China

摘要

Prices for Australian 62% Fe iron ore were fluctuating within $63?66/t CFRthroughout April, while coking coal quotes lost $8/t over the month, reaching$191?192/t FOB Australia. Domestic HR sheet prices started rebounding inChina after a short-lived fall, achieving the March level by late April.The market was having mixed expectations throughout the month. Somemarket participants expected finished product demand to seasonallyrecover, while others believed that supply would go up once productionrestrictions were lifted.