During the week ending September 9, coke prices in China have continued to move down. With the Mid-Autumn Day holiday approaching, coke inventories in the country have increased slightly, mostly due to slower transaction activities. As the capacity utilization rates of coking plants have basically remained stable, while steelmakers have maintained a cautious stance towards purchases and coke prices may decline further.
Accordingly, average first-grade coke prices have settled at RMB 2,906/mt ($421/mt) ex-warehouse, moving down by RMB70/mt ($11.2/mt) compared to September 2, according to SteelOrbis’ data.
Prices of coke in local markets in China
|
Product Name |
Specification |
Place of Origin |
Price（RMB/mt） |
Price ($/mt) |
Weekly Change（RMB/mt） |
Weekly Change（$/mt） |
|
Coke |
First grade （A<13.0,S<0.75,CSR>65.0） |
Hancheng, Shaanxi |
2,940 |
426.6 |
-110.0 |
-17.0 |
|
Zibo, Shandong |
2,970 |
430.9 |
0.0 |
-1.1 |
||
|
Pingdingshan, Henan |
2,850 |
413.5 |
-120.0 |
-18.4 |
||
|
Tangshan |
2,820 |
409.2 |
0.0 |
-1.1 |
||
|
Huaibei, Anhui |
2,950 |
428.0 |
-120.0 |
-18.5 |
||
|
Average |
2,906 |
421.6 |
-70.0 |
-11.2 |
All prices include 13 percent VAT.
Meanwhile, at Dalian Commodity Exchange (DCE) futures prices, on the contrary, strengthened. As of Friday, September 9, coke futures prices) are at RMB 2,548.5/mt ($369.3/mt), rising by RMB 100/mt ($14.5/mt) or 4.1 percent compared to September 2.
$1 = RMB 6.9098