Notwithstanding expectations, during the past week met coke prices in the Chinese domestic market have remained unchanged. Some mainstream coking plants have been seeking to raise their coke prices. However, their attempts have yielded no results. Overall, sentiments have remained quite bullish towards future developments, with local steel output rising and steelmakers’ margins improving.
During the week ending March 3, first-grade coke prices in Tangshan have been at RMB 2,820/mt ($408/mt) ex-warehouse, moving sideways compared to February 24, according to SteelOrbis’ data.
Prices of coke in local markets in China
Product Name |
Specification |
Place of Origin |
Price（RMB/mt） |
Price ($/mt) |
Weekly Change（RMB/mt） |
Weekly Change（$/mt） |
Coke |
First grade （A<13.0,S<0.75,CSR>65.0） |
Hancheng,Shaanxi |
2,830 |
409.4 |
0.0 |
-1.1 |
Zibo ,Shandong |
2,970 |
429.7 |
0.0 |
-1.1 |
||
Pingdingshan,Henan |
2,740 |
396.4 |
0.0 |
-1.0 |
||
Tangshan |
2,820 |
408.0 |
0.0 |
-1.1 |
||
Huaibei,Anhui |
2,840 |
410.9 |
0.0 |
-1.1 |
||
Average |
2,840 |
410.9 |
0.0 |
-1.1 |
including 13 percent VAT
As of Friday, Mar 3, coke futures prices at Dalian Commodity Exchange (DCE) are at RMB 2,967.5/mt ($429.5/mt), rising by RMB 15/mt ($2.2/mt) or 0.5 percent compared to February 24.
In the import coking coal segment, ex-Russia Deni Deep coking coal offers have been heard at $262-264/mt CFR, around $20/mt higher to the previous offers, while Inagli coking coal prices have settled at $252-254/mt CFR. No fresh offers from Russia’s Mechel have been heard. Russia-based Sibuglemet is said to be returning to the market not earlier than April. The company is reported to be facing hardships in its railway shipments from Russia’s Far East ports.
$1 = RMB 6.9117