Dalian coking coal hits 13-month high amid safety checks

Chinese coking coal prices hit a 13-month high on Friday, spurred by expectations of short supply due to safety inspections at coal mines and firm demand at steel mills. The most-active coking coal futures on the Dalian Commodity Exchange hit 1,433 yuan ($205.97) a tonne when the market opened, a level last seen in September
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The Dalian price of steelmaking raw ingredient coke rose on Wednesday, marking it strongest day in nearly two weeks, on worries over tight supply amid anti-pollution measures in northwestern China. Linfen city in the coal-mining hub of Shanxi province may enforce production restrictions for heavy industry, including coke, steel, coal-fired power, casting, chemicals and building
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China’s Dalian coke futures jumped more than 4 percent on Wednesday as investors worried about tighter supplies after the major coal mining province of Shanxi vowed to reduce annual coke output. The northwestern province on Tuesday pledged to cut coking capacity and coke production, as part of its long-term campaign against air pollution. Coke producers
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Chinese coking coal futures rose their most in a month on Thursday, buoyed by firm physical prices as environmental inspections in major coal mining hubs of Shanxi and Shaanxi province increased concerns about falling output. The coking coal contract for January delivery on the Dalian Commodity Exchange jumped as much as 4 percent to 1,286.5
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Peak Pegasus, a cargo ship that has been circling off the Chinese coast for over a month will finally dock at Dalian’s Beiliang port on August 11, Liaoning Maritime Safety Administration told CGTN’s reporter on Friday. The cargo ship, owned by JPMorgan Asset Management, left Seattle on June 8 on a month-long voyage to the
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Chinese iron ore futures dropped nearly 1 percent on Monday as steel prices retreated and stockpiles of the steelmaking raw material at China’s ports surged to record levels. Iron ore stocked at China’s major ports reached 161.98 million tonnes on Friday, up 1.4 million tonnes from the previous week, data tracked by SteelHome consultancy showed.
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Chinese iron ore futures soared nearly 7 percent on Thursday, hitting their highest in almost one month, amid expectations that a move by China’s central bank to reduce the amount of cash lenders keep as reserves would help spur steel demand. But some traders also say speculative trading activity may be behind the price surge,
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