CRU Logo 09 January 2009
Advanced Search
CRU
Metallurgical Coke
Market Forecasts

Annual Outlook for Metallurgical Coke
Annual Outlook for Metallurgical Coke
Jan 2009 Issue
Recent trends: Coke market bubble and burst


Coke prices spiralled to eye-watering levels in 2008 amid tightening fundamentals and exploding cost pressures on the supply side. At mid-2008, Chinese export prices for 12.5% ash coke had rocketed by $464/t (+181%) from 2007 levels to trade at a record $720/t fob, some $246/t higher than the previous peak in mid-2004.

Metallurgical Coke Annual Outlook


This report examines provides a fully comprehensive review ofthe supply and demand side factors, which will shape the coke market over the period to 2015.  It also examines the cost competitiveness of Chinese coke andhow this has changed in the face of rising coal prices.  The study also examines on a plant-by-plant basis the age and effective capacity of existing coke facilities and quantifies thelikely reduction in capacity due to the rising cost of coke plant maintenance and capital replacement.  The impact of new capacity on trade patterns is also assessed. The report brings together CRU’s industry experience and quantitative expertise to generate forecasts for export and import prices.

This study covers all the key issues including:

  • How are high prices for coking coal impacting on coke production and prices?
  • Will the wave of investment in new capacity undermine trade volumes and prices?
  • What are the prospects for coke production costs and how will they impact on pricing?
  • Are new sources of merchant supply emerging to challenge China’s dominance?

The Annual Outlook for Metallurgical Coke is published in the second quarter of each calendar year, which includes the availability of the authors for consultation.

Contact
For more information, please contact:

Richard Pell
Steel Sales Manager
tel: +44 20 7903 2166
email: richard.pell@crugroup.com

Metallurgical Coke







CRU Group  Terms of Use  Privacy Statement