During the week ending July 7, coke prices have moved up compared to the previous week, while export quotations have been relatively stable.
First-grade coke prices in Tangshan are at RMB 2,030/mt ($282/mt) ex-warehouse, moving up by RMB 60/mt compared to June 30, according to SteelOrbis’ data.
Prices of coke in local markets in China
|
|
Specification |
Place of Origin |
Price（RMB/mt） |
Price ($/mt) |
Weekly Change（RMB/mt） |
Weekly Change（$/mt） |
|
Coke |
First grade （A<13.0,S<0.75,CSR>65.0） |
Hancheng,Shaanxi |
1,990 |
276.2 |
60.0 |
9.1 |
|
Zibo ,Shandong |
2,180 |
302.6 |
60.0 |
9.2 |
||
|
Pingdingshan,Henan |
2,140 |
297.0 |
50.0 |
7.8 |
||
|
Tangshan |
2,030 |
281.7 |
60.0 |
9.1 |
||
|
Huaibei,Anhui |
2,190 |
304.0 |
0.0 |
0.9 |
||
|
Average |
2,106 |
292.3 |
46.0 |
7.2 |
including 13 percent VAT
During the given period, domestic coke prices have edged up amid decreasing production capacity utilization rates and declining inventory levels. Meanwhile, steelmakers’ profitability has been at decent levels, resulting in their willingness to produce, bolstering demand for coke. At the same time, local coking coal prices have indicated certain rises, providing support for coke prices from the cost side. It is expected that coke prices may see slight rises in the coming week.
As of Friday, July 7, coking coal futures at Dalian Commodity Exchange (DCE) have settled at RMB 1,311/mt ($182/mt), down by RMB 40/mt ($5.6/mt) or 3.0 percent week on week. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are at RMB 2,069.5/mt ($287/mt), decreasing by RMB 55/mt ($7.6/mt) or 2.6 percent compared to June 30.
In the export market, the reference price for ex-China 25-90 mm CSR 63/65 metallurgical coke has been still at $290/mt FOB, while offers for ex-Indonesia material were at $300/mt FOB.
$1 = RMB 7.2054