During the week ending September 1, coke prices in China have moved sideways compared to the previous week, but the sharp increases in futures prices and firm demand are expected to push prices up again in the coming week.
First-grade coke prices in Tangshan are at RMB 2,200/mt ($306.5/mt) ex-warehouse, moving sideways compared to August 25, according to SteelOrbis’ data.
Prices of coke in local markets in China
|
Product Name |
Specification |
Place of Origin |
Price（RMB/mt） |
Price ($/mt) |
Weekly Change（RMB/mt） |
Weekly Change（$/mt） |
|
Coke |
First grade （A<13.0,S<0.75,CSR>65.0） |
Hancheng, Shaanxi |
2,160 |
300.9 |
0.0 |
+0.4 |
|
Zibo, Shandong |
2,350 |
327.3 |
0.0 |
+0.4 |
||
|
Pingdingshan, Henan |
2,200 |
306.4 |
0.0 |
+0.4 |
||
|
Tangshan |
2,200 |
306.4 |
0.0 |
+0.4 |
||
|
Huaibei, Anhui |
2,250 |
313.4 |
0.0 |
+0.4 |
||
|
Average |
2,232 |
310.9 |
0.0 |
+0.4 |
All prices include 13 percent VAT.
During the given week, coke prices have remained stable. On September 1, coke futures prices rose sharply amid supply shortage and steelmakers’ willingness to build up stocks of coke. Though production restrictions are expected to impact steelmakers for the remainder of the current year, they have not been implemented strictly yet, resulting in firm demand for coke, which will provide solid support for coke prices. It is expected that coke prices may move up in the coming week.
Offer prices for ex-China CRS 65 coke have remained stable at $305-310/mt FOB.
As of Friday, September 1, coking coal futures at Dalian Commodity Exchange (DCE) have settled at RMB 1,626/mt ($226.5/mt), up by RMB 117/mt ($16.3/mt) or 7.75 percent week on week, which indicated a sharp rise of 6.41 percent compared to the previous trading day (August 31). Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are at RMB 2,324/mt ($324/mt), increasing by RMB 83/mt ($11.6/mt) or 3.7 percent compared to August 25, which saw a sharp increase of 3.94 percent compared to the previous trading day.
$1 = RMB 7.1788