During the week ending July 23, import quotations in China have moved sideways for premium hard coking coal, supported by firm demand.
Prices for coking coal from Canada are at $308.5/mt CFR, stable from last week. But offers are still above $310/my CFR. The ex-Russia lower quality coal price is $210/mt CFR, up $13/mt compared to July 16.
Prices of premium hard coking coal from Australia are equivalent to $234.5/mt CFR China, up $0.5/mt compared to last week. Hard coking coal prices from Australia are at $180.5/mt CFR, up $0.5/mt compared to the previous week.
Coke prices in Tangshan are at RMB 2,600/mt ($402/mt) ex-warehouse,remaining stable compared to July 16, according to SteelOrbis’ data.
During the given week, coke prices in the Chinese domestic market have remained stable amid relatively low inventory levels. Downstream steelmakers have slowed down their purchasing activities and have tried to exert downward pressure on coke prices. Local coking coal prices have risen, bolstering coke prices to some extent. It is thought that coke prices may move sideways in the coming week.
As of Friday, July 23, coke futures prices at Dalian Commodity Exchange (DCE) are at RMB 2,769.5/mt ($428/mt), increasing by RMB 76.5/mt ($11.8/mt) or 2.84 percent compared to July 16.
$1 = RMB 6.465
