During the week ending September 2, the domestic market in China has been rather weak, with a consequent coke price reduction seen in some regions by the end of the week. Such developments may exert a negative impact on coking plants’ enthusiasm for production, with some cuts in output likely to be announced in the case of a further deterioration of the situation.
While in some regions of China, first-grade coke prices have remained unchanged within the past week, in Shandong and Anhui provinces an initial price cut of RMB 100/mt has been implemented.
Average first-grade coke prices in China’s main markets are presented in the following table.
|
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 |
0.0 |
-2.7 |
|
Zibo, Shandong |
2,970 |
430.9 |
-110.0 |
-18.8 |
||
|
Pingdingshan, Henan |
2,850 |
413.5 |
0.0 |
-2.6 |
||
|
Tangshan |
2,820 |
409.2 |
-110.0 |
-18.6 |
||
|
Huaibei, Anhui |
2,950 |
428.0 |
0.0 |
-2.7 |
||
|
Average |
2,906 |
421.6 |
-44.0 |
-9.1 |
All prices include 13 percent VAT.
Meanwhile, as of Friday, September 2, coke futures prices at Dalian Commodity Exchange (DCE) have been settled at RMB 2,448.5/mt ($355.4/mt), decreasing by RMB 244.5/mt ($35.5/mt) or 9.1 percent compared to August 26.
$1 = RMB 6.8917