During the week ending November 8, import coking coal quotations have seen big declines, while metallurgical coke prices in the Chinese domestic market have also moved on a downward trend.
Product name |
Specification |
Place of origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
Weekly change ($/mt) |
Coke |
Second grade |
Hancheng,Shaanxi |
1,600 |
228.7 |
-50.0 |
-5.5 |
Zibo, Shandong |
1,700 |
243.0 |
-50.0 |
-5.4 |
||
Pingdingshan,Henan |
1,800 |
257.3 |
0.0 |
1.8 |
||
Tangshan |
1,750 |
250.2 |
-50.0 |
-5.4 |
||
Huaibei,Anhui |
1,780 |
254.5 |
-50.0 |
-5.3 |
||
Average |
1,726 |
246.7 |
-40.0 |
-4.0 |
In the given period, quotations of premium hard coking coal from Australia have been at $147/mt CFR China, down $16/mt compared to that recorded in late October. Hard coking coal prices are at $133/mt CFR on November 8, down $9/mt week-on-week. In the given week, traders in China have being willing to sell off their coking coal due to bans on customs clearance and vessels discharge at ports across China.
In the given week, coking plants’ capacity utilization rate has seen slight rises, while downstream blast furnaces’ capacity utilization rate has declined, weakening the support to coke prices.
On November 8, coke prices in the local market have been RMB 50/mt ($7/mt) below the level last week. The price in Tangshan has come to RMB 1,750/mt ($250/mt) ex-warehouse, according to SteelOrbis data.
$1 = RMB 6.9945
