During the week ending November 17, metallurgical coke export prices from China have increased, following the rises in local coal prices due to supply issues. Though local coke prices in China have moved sideways compared to the previous week, they are also expected to rise soon.
First-grade coke prices in Tangshan are at RMB 2,310/mt ($324/mt) ex-warehouse, moving sideways compared to November 10, according to SteelOrbis’ data.
Prices of coke in local markets in China
Product Name |
Specification |
Place of Origin |
Price（RMB/mt） |
Price ($/mt) |
Weekly Change（RMB/mt） |
Weekly Change（$/mt） |
Coke |
First grade （A<13.0,S<0.75,CSR>65.0） |
Hancheng, Shaanxi |
2,270 |
316.5 |
0.0 |
0.2 |
Zibo, Shandong |
2,460 |
343.0 |
0.0 |
0.2 |
||
Pingdingshan, Henan |
2,310 |
322.0 |
0.0 |
0.2 |
||
Tangshan |
2,310 |
322.0 |
0.0 |
0.2 |
||
Huaibei, Anhui |
2,360 |
329.0 |
0.0 |
0.2 |
||
Average |
2,342 |
326.5 |
0.0 |
0.2 |
including 13 percent VAT
During the given week, coke prices in the Chinese domestic market have remained stable, though a new round of price rises is anticipated during the coming weekend. Coking plants’ sales activities have been quite good, while traders have been active in concluding purchases for coke. Inventories of coke have been at relatively low levels, which has bolstered prices. Steelmakers’ profitability has improved to a certain degree, and so they have attempted to resist the rise in coke prices.
Coking coal prices has increased at a faster pace, exerting a positive impact on coke prices from the cost side. In Shanxi Province, local coal prices have risen by up to RMB 150/mt ($21/mt) this week. “27 coal mines will be inspected now after the accident,” a trader said. Yesterday, November 16, a fire at the offices of one of the major coal companies in Shanxi Province - Yongju Coal - killed 26 people and injured at least 36 people. The accident has already led to tough inspections on other coal mines and will lead to lower supply.
On November 17, offer prices of coke CSR65 in the export market have risen to $345/mt FOB, up by $5/mt compared to November 10.
As of Friday, November 17, coking coal futures at Dalian Commodity Exchange (DCE) have settled at RMB 2,044.5/mt ($285/mt), up by RMB 45.5/mt ($6.4/mt) or 2.3 percent week on week, while rising by 1.16 percent compared to the previous trading day (November 16). Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are at RMB 2,649/mt ($369/mt), increasing by RMB 53/mt ($7.4/mt) or 2.0 percent compared to November 10, indicating an increase of 0.65 percent compared to the previous trading day.
$1 = RMB 7.1728
