The Chinese domestic metallurgical coke market has followed a rising trend in the past week. Based on the current situation, the domestic coke market may continue to climb upward in the coming period.
Product name |
Specification |
Place of origin |
Average price（RMB/mt） |
Weekly change (RMB/mt) |
Average price ($/mt) |
Weekly change ($/mt) |
Coke |
2nd grade |
Shanxi |
1,880 |
+30 |
286 |
+5 |
Shanghai |
2,150 |
+50 |
327 |
+8 |
During the past week, mainstream quotations of second grade metallurgical coke from large scale producers in Shanxi Province have been at RMB 1,850-1,900/mt ($281-289/mt), while quotations for first grade metallurgical coke in the province are standing at RMB 1,950-2,000/mt ($296-304/mt), up slightly week on week. Meanwhile, the purchase prices of Hebei Province-based mills are at RMB 1,950-2,000/mt ($296-304/mt) for second grade metallurgical coke, up by RMB 50/mt ($8/mt) week on week. The mainstream prices in the eastern China coke market are at RMB 2,150-2,200/mt ($327-334/mt), unchanged week on week, while prices in northeastern China are at RMB 2,000/mt ($304/mt), with the lower end slightly up week on week. In addition, the mainstream prices of coking coal in the overall domestic market are at RMB 1,550-1,650/mt ($236-250/mt), unchanged week on week.
In the past week, the Chinese coke market has continued to follow an upward trend, as domestic steel prices have continued to move up and as the capacity utilization rates of most domestic steel mills have remained at high levels. Domestic demand for coke has also improved and the prices of raw materials including coking coal are higher. Thus, some domestic coking enterprises have raised their ex-mill prices of coke by RMB 50-100/mt ($8-15/mt), with first grade metallurgical coke prices increasing to RMB 2,200-2,500/mt ($334-342/mt) and second grade metallurgical coke prices rising to RMB 2,100-2,150/mt ($319-327/mt). At present, most steel mills have accepted the increased prices of the domestic coking enterprises.
According to preliminary data released by the Chinese customs authorities on February 14, in January this year China's export volume of coke and semi-coke reached 190,000 mt, surging by 400.7 percent year on year but down 45.71 percent month on month.