During the given week, although Chinese steelmakers have remained highly cautious as regards the future prospects for the steel market due to the fluctuating trend of steel prices, Chinese suppliers have managed to prevent their coke prices from recording the expected decline. In particular, with some Chinese coking plants having decided to halt their production activities, coke inventories have declined and this has boosted the positions of suppliers somewhat. Nevertheless, the downtrend in the global coking coal market has continued to exert negative pressure on the metallurgical coke market in general.
In the meantime, this week first-grade coke prices in Tangshan are at RMB 2,820/mt ($410.5/mt) ex-warehouse, moving sideways compared to March 24, according to SteelOrbis’ data.
Prices of coke in local markets in China
|
Product Name |
Specification |
Place of Origin |
Price（RMB/mt） |
Price ($/mt) |
Weekly Change（RMB/mt） |
Weekly Change（$/mt） |
|
Coke |
First grade （A<13.0,S<0.75,CSR>65.0） |
Hancheng,Shaanxi |
2,830 |
411.8 |
0.0 |
-2.1 |
|
Zibo ,Shandong |
2,970 |
432.2 |
0.0 |
-2.2 |
||
|
Pingdingshan,Henan |
2,740 |
398.7 |
0.0 |
-2.0 |
||
|
Tangshan |
2,820 |
410.4 |
0.0 |
-2.1 |
||
|
Huaibei,Anhui |
2,840 |
413.3 |
0.0 |
-2.1 |
||
|
Average |
2,840 |
413.3 |
0.0 |
-2.1 |
All prices include 13 percent VAT.
As of Friday, March 31, coking coal futures at Dalian Commodity Exchange (DCE) have settled at RMB 1,860/mt ($271/mt), up 0.08 percent week on week. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are at RMB 2,743.5/mt ($399.0/mt), increasing by RMB 7.5/mt ($1.1/mt) or 0.27 percent compared to March 24.
$1 = RMB 6.8717