During the week ending February 21, local coke prices in China have continued their downtrend amid sufficient inventories held by mills. Market sources believe that the price decline may continue in the coming period.
First-grade coke prices in Tangshan are at RMB 1,485/mt ($207/mt) ex-warehouse, moving down by RMB 55/mt ($7.7/mt) compared to February 14, according to SteelOrbis’ data.
Prices of coke in local markets in China
Product Name |
Specification |
Place of Origin |
Price（RMB/mt） |
Price ($/mt) |
Weekly Change（RMB/mt） |
Weekly Change（$/mt） |
Coke |
First grade （A<13.0,S<0.75,CSR>65.0） |
Hancheng, Shaanxi |
1,445 |
201.5 |
-55.0 |
-7.6 |
Zibo, Shandong |
1,635 |
228.0 |
-55.0 |
-7.6 |
||
Pingdingshan, Henan |
1,485 |
207.1 |
-55.0 |
-7.6 |
||
Tangshan |
1,485 |
207.1 |
-55.0 |
-7.6 |
||
Huaibei, Anhui |
1,535 |
214.1 |
-55.0 |
-7.6 |
||
Average |
1,517 |
211.6 |
-55.0 |
-7.6 |
including 13 percent VAT
During the given period, coke prices in the Chinese domestic market have indicated their ninth successive round of decreases. Though demand for coke from steelmakers has improved, inventory has been at relatively high levels, weakening the support for prices. The oversupply in the coke market may continue, which may exert a negative impact on prices. It is expected that coke prices in the Chinese domestic market may decline further towards the end of February.
On February 21, offer prices of coke CSR65 in the export market are at $235-240/mt FOB, decreasing by $5/mt compared to February 14.
As of February 21, coking coal futures at Dalian Commodity Exchange (DCE) are standing at RMB 1,130/mt ($158/mt), increasing by RMB 45/mt ($6.3/mt) or 4.15 percent since February 14, while up 2.12 percent compared to the previous trading day, February 20. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are standing at RMB 1,750/mt ($244/mt), increasing by RMB 68.5/mt ($9.6/mt) or 4.1 percent since February 14, while up 1.77 percent compared to the previous trading day, February 20.
$1 = RMB 7.1696