Coking coal prices in Ukraine decline 11-13% in May
11 June 2012
Coking coal prices on the Ukraine’s domestic market continued sliding in May, according to data aggregated by Metal Courier. Prices for G grade (gas coal) decreased 13% since the end of April to USD 106/t (-18% YTD), Zh grade (fat coal) 11% to USD 125/t (-16% YTD), as of the beginning of June.
Roman Topolyuk: The downward trend on the domestic coking coal market follows weakness in the steel & coke markets, which we do not see reversing until steelmakers see improvement in demand. The news is negative for Coal Energy (CLE PW): G and Zh grades of coking coal make up 17-19% of its product mix.
