During the week ending June 30, Chinese domestic coke prices have moved sideways compared to two weeks ago as buyers have been not accepting further increases. Export prices have also been relatively stable.
First-grade coke prices in Tangshan are at RMB 1,970/mt ($273/mt) ex-warehouse, moving sideways compared to June 16, according to SteelOrbis’ data.
Prices of coke in local markets in China
|
|
Specification |
Place of Origin |
Price（RMB/mt） |
Price ($/mt) |
Weekly Change（RMB/mt） |
Weekly Change（$/mt） |
|
Coke |
First grade （A<13.0,S<0.75,CSR>65.0） |
Hancheng, Shaanxi |
1,930 |
267.1 |
0.0 |
-3.6 |
|
Zibo, Shandong |
2,120 |
293.4 |
0.0 |
-4.0 |
||
|
Pingdingshan, Henan |
2,090 |
289.2 |
0.0 |
-3.9 |
||
|
Tangshan |
1,970 |
272.6 |
0.0 |
-3.7 |
||
|
Huaibei, Anhui |
2,190 |
303.1 |
0.0 |
-4.1 |
||
|
Average |
2,060 |
285.1 |
0.0 |
-3.9 |
All prices include 13 percent VAT.
During the given period, coke prices moved sideways amid the prevailing cautious sentiments among market players. Some coking plants attempted to raise coke prices, which failed to be accepted by buyers. Inventory of coke has decreased, providing certain support to its prices. Recently, steelmakers have been more willing to conclude purchases for coke than two weeks ago, resulting in certain stock replenishment. It is expected that coke prices in the Chinese domestic market might move sideways in the coming week.
As of Friday, June 30, coking coal futures at Dalian Commodity Exchange (DCE) have settled at RMB 1,351/mt ($187/mt), down by RMB 50/mt ($6.9/mt) or 3.6 percent week on week. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are at RMB 2,124.5/mt ($294/mt), decreasing by RMB 55.5/mt ($7.7/mt) or 2.5 percent compared to June 16.
In the export market, the reference price for ex-China 25-90 mm CSR 63/65 metallurgical coke has remained at $290/mt FOB.
$1 = RMB 7.2258