During the week ending June 18, import quotations in China have been mainly stable for premium hard coking coal and hard coking coal as supply has remained tight and demand has been firm. At the same time, ex-Australia prices have risen higher interest from alternative outlets.
Quotations of premium hard coking coal from Canada have been at $283/mt CFR, moving up by $0.5/mt compared to June 11. Some demand at this level has been seen. Ex-Russia coking coal prices are unchanged at $185/mt CFR.
Ex-Australia premium hard coking coal prices have been equivalent to $199/mt CFR China, up $10.5/mt compared to last week. Hard coking coal prices are at $156/mt CFR, up $5/mt in the same period.
Coke prices in Tangshan are at RMB 2,720/mt ($422.6/mt) ex-warehouse, moving sideways compared to June 11, according to SteelOrbis’ data.
During the given week, coke prices in China have moved sideways amid the relatively balanced situation between supply and demand. Production restrictions have been implemented in Shandong gradually, which will likely bolster coke prices. At the same time, local coking coal prices have edged up, providing support for coke prices from the cost side. It is expected that coke prices may fluctuate within a limited range in the coming week.
As of Friday, June 18, coke futures prices at Dalian Commodity Exchange (DCE) are at RMB 2,693.5/mt ($418.5/mt), decreasing by RMB 28/mt ($29/mt) or 1.03 percent compared to June 11.
$1 = RMB 6.4361
