Latest situation in local Chinese coke market

Friday, 19 April 2019 14:04:51 (GMT+3)   |   Shanghai
       

During the week ending April 19, metallurgical coke prices in the Chinese domestic market have moved on a stable trend, while transaction activity in the overall market has been at medium levels. As of April 19, coke futures contract (1909) offers at Dalian Commodity Exchange closed at RMB 2,050/mt ($306/mt), up $4/mt compared to the previous week. Average coke prices in the local Chinese market are presented in the following table. 

During the given week, domestic coking plants’ capacity utilization rates have been at quite high levels due to the relaxation of environmental protection measures in recent days. Meanwhile, inventory levels of coke have decreased due to good transaction activities. More steelmakers in northern China have resumed production, boosting demand for coke. Although coking plants have wanted to raise their prices for coke, downstream users have been unwilling to accept price rises. It is thought that coke prices in the Chinese domestic market will likely move sideways in the coming week. 

Product name

Specification

Place of origin

Price (RMB/mt)

Price ($/mt)

Change (RMB/mt)

Coke

Second grade

Hancheng, Shaanxi

1,700

253

0

Zibo, Shandong

1,800

268

0

Pingdingshan, Henan

1,850

276

0

Tangshan

1,850

276

0

Huaibei, Anhui

2,030

303

0

Average

1,896

283

0

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

$1 = RMB 6.71


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