During the week ending July 14, coke prices have moved sideways compared to the previous week, though suppliers have been trying to increase prices in both local and export markets, these attempts have not been very successful yet.
First-grade coke prices in Tangshan are at RMB 2,030/mt ($285/mt) ex-warehouse, remaining stable compared to July 7, according to SteelOrbis’ data.
Prices of coke in local markets in China
|
|
Specification |
Place of Origin |
Price（RMB/mt） |
Price ($/mt) |
Weekly Change（RMB/mt） |
Weekly Change（$/mt） |
|
Coke |
First grade （A<13.0,S<0.75,CSR>65.0） |
Hancheng,Shaanxi |
1,990 |
279.0 |
0.0 |
+2.8 |
|
Zibo ,Shandong |
2,180 |
305.7 |
0.0 |
+3.1 |
||
|
Pingdingshan,Henan |
2,140 |
300.1 |
0.0 |
+3.0 |
||
|
Tangshan |
2,030 |
284.6 |
0.0 |
+2.9 |
||
|
Huaibei,Anhui |
2,190 |
307.1 |
0.0 |
+3.1 |
||
|
Average |
2,106 |
295.3 |
0.0 |
+3.0 |
All prices include 13 percent VAT.
During the given period, coke prices remained stable, though coking plants attempted to raise their prices by RMB 50/mt, while mainstream steelmakers did not accept their attempts. Import iron ore prices moved on an uptrend in the given week, exerting a positive impact on the coke market. At the same time, inventory of coke has been relatively low, bolstering its prices. Moreover, domestic coking coal prices edged up, providing certain support to coke prices from cost side. It is thought that coke prices in the Chinese domestic market will likely to edge up in the coming week.
As of Friday, July 14, coking coal futures at Dalian Commodity Exchange (DCE) have settled at RMB 1,425.5/mt ($200/mt), up by RMB 114.5/mt ($16/mt) or 88.7 percent week on week. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are at RMB 2,219/mt ($311/mt), increasing by RMB 149.5/mt ($21/mt) or 7.2 percent compared to July 7.
In the export market, the reference price for ex-China 25-90 mm CSR 63/65 metallurgical coke has increased to $295/mt FOB, up by $5/mt over the week, reflecting mainly offers, though market sources said that it is still hard to sell above $290/mt FOB. Offers for ex-Indonesia coke were at $305/mt FOB, also up by $5/mt over the week.
$1 = RMB 7.1318