Average coke price in China down 2.1% in late Aug, coking coal price stable

Thursday, 05 September 2019 12:06:44 (GMT+3)   |   Shanghai
       

In late August (August 21-31) this year, the average prices in China of coking coal and second-grade metallurgical coke were recorded at RMB 1,300.0/mt ($184.2/mt) and RMB 1,879.2/mt ($265.4/mt) respectively, as announced by China’s National Bureau of Statistics (NBS).

While the price of coking coal remained stable compared to that in mid-August (August 11-20), the coke market followed a different trend. Second-grade metallurgical coke prices decreased by RMB 40.1/mt ($5.7/mt) or 2.1 percent in late August compared to prices in mid-August.

Shifting from the decline of 5.0 percent in the average prices of coking coal in mid-August, coking coal prices moved on a stable trend in late August. Meanwhile, the average prices of metallurgical coke shifted from a rise of 4.0 percent in mid-August to the drop of 2.1 percent in late August.

In the period, coke prices decreased for Chinese steelmakers for the second time in August, exerting a negative impact on the coke market. However, starting from September 2, finished steel prices in China have rebounded, which will likely boost coke prices in the near future. 


Similar articles

CISA: Coking coal purchase cost in China down 9.86% in Jan-Feb

28 Mar | Steel News

Local coke prices in China decline, further cuts expected

15 Mar | Scrap & Raw Materials

Chinese coking coal market goes down, export coke follows

08 Mar | Scrap & Raw Materials

Local coke prices in China continue to move down

01 Mar | Scrap & Raw Materials

CISA: Coking coal purchase cost in China down 11.21 percent in January

29 Feb | Steel News

Local coke prices in China soften amid slow demand, but outlook not so bad

23 Feb | Scrap & Raw Materials

Local coke prices in China remain unchanged amid stable demand

02 Feb | Scrap & Raw Materials

CISA: Coking coal purchase cost in China down 18.75 percent in 2023

31 Jan | Steel News

Chinese coke prices stable as sentiment improves only slightly

26 Jan | Scrap & Raw Materials

Local coke prices in China stable, export prices fall due to weaker mood

19 Jan | Scrap & Raw Materials