China rebar, coking coal rise again on possible output curbs, N.Korea coal ban


China rebar, coking coal rise again on possible output curbs, N.Korea coal ban

Prices for Chinese rebar steel, coke and coking coal rose for a second day on Tuesday, boosted by possible curbs on coal production capacity and the suspension of North Korean coal imports.

The most-active May rebar steel futures were up 2.9 percent at 3,620 yuan ($249.05) per tonne by 0117 GMT, while coking coal futures were also up 3 percent at 1,289 yuan.

Coke futures rose 3.3 percent in early morning trading to 1,767 yuan per tonne.

China’s top coal producers will meet on Tuesday to discuss plans for stabilising output this year, the official Shanghai Securities News reported.

China stopped all imports of coal from North Korea from Sunday, the country’s commerce ministry said in a notice on its website. Read More…

Credit By: energy.economictimes.indiatimes.com

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