During the week ending November 15, import coking coal quotations in China have seen slight rises, while metallurgical coke prices in the Chinese domestic market have moved sideways.
In the given period, quotations of premium hard coking coal from Australia have been at $150/mt CFR China, up $3/mt compared to early November. Hard coking coal prices are at $134/mt CFR on November 15, up $1/mt week on week. After selling off coking coal at lower prices, traders have now raised their coking coal prices. Amid restrictions on customs clearance at some Chinese ports, imported coking coal prices will likely fluctuate within a limited range in the coming period.
In the given week, coking plants’ capacity utilization rates have risen slightly, while demand has also seen a certain improvement, providing some support for coke prices.
On November 15, coke prices in the local market have remained stable week on week. The price in Tangshan is RMB 1,750/mt ($250/mt) ex-warehouse, according to SteelOrbis’ data.
$1 = RMB 7.0091
