During the week ending November 10, local coke prices in China have remained stable, though sentiments have been positive in general.
First-grade coke prices in Tangshan are at RMB 2,310/mt ($322/mt) ex-warehouse, moving sideways compared to November 3, according to SteelOrbis’ data.
|
Product Name |
Specification |
Place of Origin |
Price（RMB/mt） |
Price ($/mt) |
Weekly Change（RMB/mt） |
Weekly Change（$/mt） |
|
Coke |
First grade （A<13.0,S<0.75,CSR>65.0） |
Hancheng, Shaanxi |
2,270 |
316.3 |
0 |
0.1 |
|
Zibo, Shandong |
2,460 |
342.8 |
0 |
0.1 |
||
|
Pingdingshan, Henan |
2,310 |
321.9 |
0 |
0.1 |
||
|
Tangshan |
2,310 |
321.9 |
0 |
0.1 |
||
|
Huaibei, Anhui |
2,360 |
328.8 |
0 |
0.1 |
||
|
Average |
2,342 |
326.3 |
0 |
0.1 |
including 13 percent VAT
During the given week, coke prices in the Chinese domestic market have moved sideways amid the relatively low inventory level. Local coking coal prices sta
During the given week, coke prices in the Chinese domestic market have moved sideways amid the relatively low inventory levels. Local coking coal prices have started to indicate a rebounding trend, bolstering coke prices from the cost side. At the same time, some steelmakers resumed production amid increasing finished steel prices, resulting in higher molten iron outputs, which provided solid support for coke prices. Some coking plants have attempted to raise their coke prices, but increases have not been accepted by downstream steelmakers yet. It is thought that coke prices in the Chinese domestic market will likely edge up in the coming week.
On November 10, offer prices of coke CSR65 in the export market have risen to $340/mt FOB, up by $2-5/mt compared to November 3.
As of Friday, November 10, coking coal futures at Dalian Commodity Exchange (DCE) have settled at RMB 1,999/mt ($278/mt), up by RMB 125/mt ($17.4/mt) or 6.7 percent week on week, rising by 1.78 percent compared to the previous trading day (November 9). Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are at RMB 2,596/mt ($362/mt), increasing by RMB 100/mt ($14/mt) or 4.0 percent compared to November 3, which saw a rise of 2.14 percent compared to the previous trading day.
$1 = RMB 7.1771