Coking coal prices weakening in China, coke prices also slightly down

Friday, 25 October 2019 09:39:32 (GMT+3)   |   Shanghai
       

During the week ending October 25, metallurgical coke prices in the Chinese domestic market have seen declines in Pingdingshan and Tangshan, though moving on a stable trend in other regions, while import coking coal quotations have visibly decreased in new bookings.

In the given period, quotations of premium hard coking coal from Australia have lost $4/mt from last week, coming to $163/mt CFR China. A deal for high-grade hard coking coal was concluded at $165/mt CFR early this week. Moreover, later this week a new sale has been registered at $162-163/mt CFR. Hard coking coal prices are at $142/mt CFR on October 25.

Product name

Specification

Place of origin

Price (RMB/mt)

Price ($/mt)

Weekly change (RMB/mt)

Weekly change ($/mt)

Coke

Second grade

Hancheng,Shaanxi

1,650

233.2

0

-0.2

Zibo, Shandong

1,750

247.3

0

-0.2

Pingdingshan,Henan

1,800

254.4

-50

-7.3

Tangshan

1,800

254.4

-50

-7.3

Huaibei,Anhui

1,830

258.7

0

-0.2

Average

1,766

249.6

-20

-3

 13 percent VAT is included in all prices and all prices are ex-warehouse.

In the given week, both supply and demand in the local coke market have decreased slightly as steelmakers’ profitability is at low levels and they have only been purchasing coke in line with their needs, weakening support for coke prices. As of October 25, coke futures contract (2001) offers at Dalian Commodity Exchange closed at RMB 1,793.5/mt ($253/mt), up $1/mt from October 18.

$1 = RMB 7.075

 


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