australian coking coal prices are receiving support from a strong demand from asian countries exchina the limited availability of prompt coking coal cargoes for nearterm deliveries due to logistical issues including freight and container unavailability and high freight rates could support coking coal prices over the near termnew delhi high coking coal prices are likely to impact gross margins of steel mills says india ratings and research indraaccordingly coking coal prices were up 5 per cent mom and 103 per cent yoy to 222 per mt in midaugust 2021australian coking coal prices are receiving support from a strong demand from asian countries exchina the limited availability of prompt coking coal cargoes for nearterm deliveries due to logistical issues including freight and container unavailability and high freight rates could support coking coal prices over the near term advt while chinas imports are from exaustralia suppliers these countries are not likely to be able to bridge the supply deficit especially when the domestic consumption within these exaustralia supplier countries is also increasing with resumption in economic activities further restricting supplythis will support international coking coal pricesindias coking coal imports at 576 mt in july 2021 were 65 per cent mom and 114 per cent yoy higherwhile steel production has improved domestic steel mills had postponed procurements due to higher coking coal prices however lower inventories prompted steel producers to import higher volumes in july 2021a key trend indra observed is the preference of indian blast furnace producers for better grades of coking coal to maximise production yield considering that freight costs are the same irrespective of the grade amid container shortages and higher freight costsindias finished steel consumption in july 2021 stood at 766 mnt 13 per cent mom and 48 per cent yoy higherhowever domestic consumption was weak over junejuly 2021 due to a lower demand from enduse industries such as construction and infra with the onset of the monsoonalso readsemiconductor shortage hurting production may impact augsep automobile wholesales reportsemiconductors are silicon chips that cater to control and memory functions in products ranging from automobiles computers and cell phones to various other electronic itemssee more detailsaugust 2021 auto sales consumer demand positive supply side constraints pose challengethe vehicle demandsupply balance is unequal with the long standing semiconductor or chip shortage hampering production schedules in the pv segment except maruti suzuki all other oems are in green on a yearonyear basis however from july to august many oems have reported a decline in sales on a sequential basis on account of supply constraints for 2ws the recovery has been slow but industry players are hopeful of the upcoming festive season cv sales have also grown on a low base of last year while tractor segment remains positive owing to harvesting season coinciding with the festive season see more details advt ians published on sep 4 2021 at 0415 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post