During the week ending June 9, coke prices in the Chinese domestic market have moved sideways week on week, indicating a long-awaited stabilization. However, in the export market, the downtrend has not stopped and the latest offers have been reported at least $10/mt below last week.
First-grade coke prices in Tangshan are at RMB 1,970/mt ($277/mt) ex-warehouse, moving sideways compared to June 2, according to SteelOrbis’ data.
Prices of coke in local markets in China
|
Product Name |
Specification |
Place of Origin |
Price（RMB/mt） |
Price ($/mt) |
Weekly Change（RMB/mt） |
Weekly Change（$/mt） |
|
Coke |
First grade （A<13.0,S<0.75,CSR>65.0） |
Hancheng,Shaanxi |
1,930 |
271.4 |
0.0 |
-0.7 |
|
Zibo ,Shandong |
2,120 |
298.1 |
0.0 |
-0.8 |
||
|
Pingdingshan,Henan |
2,090 |
293.9 |
0.0 |
-0.7 |
||
|
Tangshan |
1,970 |
277.0 |
0.0 |
-0.7 |
||
|
Huaibei,Anhui |
2,190 |
307.9 |
0.0 |
-0.8 |
||
|
Average |
2,060 |
289.7 |
0.0 |
-0.7 |
including 13 percent VAT
During the given week, steel prices in the Chinese domestic market have moved up, resulting in improved profitability on the steelmakers’ side. Currently, coking plants’ capacity utilization rates have remained stable, and so inventory of coke has been at relatively low levels. At the same time, local coking coal prices have fluctuated within a limited range, unlikely to see big declines in the near future. It is expected that coke prices may move sideways in the coming week.
As of Friday, June 9, coking coal futures at Dalian Commodity Exchange (DCE) have settled at RMB 1,289/mt ($181.3/mt), up by RMB 13/mt ($1.8/mt) week on week. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are at RMB 2,076.5/mt ($292/mt), rising by RMB 85/mt ($12/mt) or 6.7 percent compared to June 2.
At the same time, the offer price for ex-China 25-90 mm CSR 63/65 metallurgical coke has dropped further - to $285/mt FOB from $295-300/mt FOB last week. In addition, 62 CSR coke from China has been available at as low as $270-280/mt FOB from the previous $280-290/mt FOB levels. Ex-Indonesia 62 CSR metallurgical coke has been available at $270/mt FOB.
$1 = RMB 7.1115