DBM 96%-97% price edges down in China in February. Now mainstream FOB price of DBM 97%, lump falls to 405-440 USD/t. Manufacturers’ utilization rate is not high and inventory stays adequate. Due to weak downstream demand, the transaction is sluggish.
As coal price declines, CCM price gets loose in production cost backup, which is conductive to DBM 96%-97%.
Msia reckons utilization rate and supply volume may further increase and the market has odds to prolong weak movement in short term.
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