During the week ending April 21, coke prices have seen a downward movement week on week.
First-grade coke prices in Tangshan are at RMB 2,570/mt ($374/mt) ex-warehouse, moving down by RMB 100/mt compared to April 14, according to SteelOrbis’ data.
Prices of coke in local markets in China
Product Name |
Specification |
Place of Origin |
Price（RMB/mt） |
Price ($/mt) |
Weekly Change（RMB/mt） |
Weekly Change（$/mt） |
Coke |
First grade（A<13.0,S<0.75,CSR>65.0） |
Hancheng,Shaanxi |
2,530 |
368.0 |
-100.0 |
-15.3 |
|
|
Zibo ,Shandong |
2,720 |
395.6 |
-100.0 |
-15.4 |
|
|
Pingdingshan,Henan |
2,540 |
369.5 |
-50.0 |
-8.0 |
|
|
Tangshan |
2,570 |
373.8 |
-100.0 |
-15.3 |
|
|
Huaibei,Anhui |
2,640 |
384.0 |
-50.0 |
-8.1 |
|
|
Average |
2,600 |
378.2 |
-80.0 |
-12.4 |
including 13 percent VAT
During the given week, coke prices in the Chinese domestic market continued the downtrend amid the increasing inventory level of coke. The coking coal prices moved down, weakening the support to coke prices. Recently, finished steel prices edged down, slackening the demand for coke. Production output of smelting iron indicated a downtrend, which may result in steelmakers’ further attempt to reduce purchasing prices for raw materials. It is expected that coke prices may edge down further in the coming week.
Import coming coal prices have also been under pressure with the latest negotiations for premium low-volatility hard coking coal from Australia at $265-270/mt CFR, down from $285/mt CFR seem late last week.
As of Friday, April 21, coking coal futures (main contract shifted to jm2309) at Dalian Commodity Exchange (DCE) have settled at RMB 1,486.5/mt ($216/mt), down 4.1percent week on week. Meanwhile, coke futures prices (main contract shifted to j2309) at Dalian Commodity Exchange (DCE) are at RMB 2,271/mt ($330/mt), decreasing by RMB 73/mt ($10.6/mt) or 3.1 percent compared to April 14.
$1 = RMB 6.8752
