Coking coal prices fall further despite stimulus talk

摘要

The seaborne coking coal market ended its eleventh consecutive week of price declines on a downbeat note Friday, as new transactions and offers in China pointed to persistent gloom in the market. This is in stark contrast to the sharp price jumps seen in billet prices-and the Platts iron ore index, which surged 7.50 dollars Friday to 105.25 dollars/dry mt CFR North China for 62% Fe-on the back of recent stimulus-related announcements in China and the US.