Import coking coal prices in China up, local coke prices mostly stable

Friday, 10 January 2020 19:05:26 (GMT+3)   |   Shanghai
       

During the week ending January 10, import coking coal quotations in China have moved up as customers have been interested in purchases before the Chinese New Year holiday, while metallurgical coke prices in the Chinese domestic market have mostly moved sideways.

In the given period, quotations of premium hard coking coal from Australia have been at $157/mt CFR China, rising by $7/mt compared to last week. Hard coking coal prices are at $138/mt CFR on January 10, up $3/mt week on week. Starting from late next week, Chinese buyers will start to leave the market due to the approaching Chinese New Year holiday, while more inquiries for import coking coal started to come and bids have improved.

Coke prices in Tangshan are at RMB 1,900/mt ($274.0/mt) ex-warehouse, remaining stable compared to the previous week, according to SteelOrbis’ data. During the given week, coking plants’ capacity utilization rates have been negatively affected by environmental protection measures. Meanwhile, steelmakers’ demand for coke has been at decent level as they need to replenish stocks ahead of the Chinese New Year holiday. However, as the holiday draws closer, demand will slacken. Coke futures prices at Dalian Commodity Exchange (DCE) have risen by RMB 15/mt ($2.2/mt) or 0.8 percent as of Friday, January 10, compared to January 3.

$1 = RMB 6.935


Similar articles

CISA: Coking coal purchase cost in China down 9.86% in Jan-Feb

28 Mar | Steel News

India’s coking coal imports from Russia hit peak in April-February of FY 2024-24

26 Mar | Steel News

China’s coking coal imports up 36.52 percent in January-February

26 Mar | Steel News

Fitch Ratings raises iron ore price assumptions for 2024-2026 amid limited supply

22 Mar | Steel News

Ex-Australia coking coal prices heading below $250/mt FOB

21 Mar | Scrap & Raw Materials

Turkey’s coking coal imports up 102.2 percent in January

19 Mar | Steel News

Local Chinese coking coal prices - week 11, 2024

15 Mar | Scrap & Raw Materials

Local coke prices in China decline, further cuts expected

15 Mar | Scrap & Raw Materials

Buyers seek $250/mt FOB for ex-Australia coking coal after latest deal

15 Mar | Scrap & Raw Materials

Ex-Australia coking coal drops closer to $280/mt FOB as suppliers try to push sales

14 Mar | Scrap & Raw Materials