Amid high production costs and declines in profits, Chinese producers have insisted on a fourth round of coke price hikes this week. However, it is noteworthy that the daily production of met coke across China has risen further to around 552,000 mt/day on average, reaching a two-month high. This may put negative pressure on local coke suppliers in the future.
Specifically, first-grade coke prices in Tangshan have settled at RMB 3,060/mt ($438/mt) ex-warehouse, having increased by RMB 110/mt ($15.6/mt) compared to December 16, according to SteelOrbis’ data.
Prices of coke in local markets in China
Product Name |
Specification |
Place of Origin |
Price（RMB/mt） |
Price ($/mt) |
Weekly Change（RMB/mt） |
Weekly Change（$/mt） |
Coke |
First grade （A<13.0,S<0.75,CSR>65.0） |
Hancheng,Shaanxi |
3,050 |
436.9 |
110.0 |
15.6 |
Zibo ,Shandong |
3,190 |
457.0 |
110.0 |
15.6 |
||
Pingdingshan,Henan |
2,960 |
424.0 |
110.0 |
15.6 |
||
Tangshan |
3,040 |
435.5 |
110.0 |
15.6 |
||
Huaibei,Anhui |
3,060 |
438.3 |
110.0 |
15.6 |
||
Average |
3,060 |
438.3 |
110.0 |
15.6 |
including 13 percent VAT
Meanwhile, official offers of ex-China met coke (62/60% CSR) have been heard this week at $415/mt FOB, while ex-China met coke (65/63% CSR) is offered at a price around $15/mt higher than that.
As of Friday, December 23, coke futures prices at Dalian Commodity Exchange (DCE) are at RMB 2,631/mt ($377/mt), decreasing by RMB 274.5/mt ($39.2/mt) or 9.44 percent compared to December 16.
$1 = RMB 6.9854
