During the week ending August 11, coke prices in the local Chinese market have remained stable compared to the previous week after four rounds of increases seen in the previous weeks. However, the positive mood has not faded away as relatively limited coke supply and higher coking coal prices are likely to provide support for prices in the near future.
First-grade coke prices in Tangshan are at RMB 2,310/mt ($323/mt) ex-warehouse, moving sideways compared to August 4, according to SteelOrbis’ data.
Prices of coke in local markets in China
|
|
Specification |
Place of Origin |
Price（RMB/mt） |
Price ($/mt) |
Weekly Change（RMB/mt） |
Weekly Change（$/mt） |
|
Coke |
First grade （A<13.0,S<0.75,CSR>65.0） |
Hancheng, Shaanxi |
2,270 |
317.1 |
0.0 |
-0.8 |
|
Zibo, Shandong |
2,460 |
343.6 |
0.0 |
-0.8 |
||
|
Pingdingshan, Henan |
2,310 |
322.7 |
0.0 |
-0.8 |
||
|
Tangshan |
2,310 |
322.7 |
0.0 |
-0.8 |
||
|
Huaibei, Anhui |
2,360 |
329.7 |
0.0 |
-0.8 |
||
|
Average |
2,342 |
327.1 |
0.0 |
-0.8 |
All prices include 13 percent VAT.
During the given week, coking plants attempted to implement a fifth round of rises in coke prices, while steelmakers have declined to accept the higher prices. Since inventory of coke is at relatively low levels, coking plants’ capacity utilization rates have risen slightly. Demand for coke has been quite good as steelmakers’ molten iron outputs have increased. Meanwhile, local coking coal prices have indicated slight rises, bolstering coke prices from the cost side. It is thought that coke prices in the Chinese domestic market will likely edge up in the coming week.
In the export market, offers for ex-China CRS 63/65 coke have increased by $5/mt to $320/mt FOB, while the tradable level has been assessed at $315-320/mt FOB, versus $310/mt FOB reported last week.
As of Friday, August 11, coking coal futures at Dalian Commodity Exchange (DCE) have settled at RMB 1,483.5/mt ($207/mt), up by RMB 13.5/mt ($1.9/mt) or 0.92 percent week on week. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are at RMB 2,219.5/mt ($310/mt), decreasing by RMB 11.5/mt ($9.3/mt) or 0.5 percent compared to August 4.
$1 = RMB 7.1587