During the week ending February 28, local coke prices in China have seen further declines and the outlook has remained negative amid high supply and insufficient demand.
First-grade coke prices in Tangshan are at RMB 1,430/mt ($199.3/mt) ex-warehouse, moving down by RMB 55/mt ($7.8/mt) compared to February 21, according to SteelOrbis’ data.
Prices of coke in local markets in China
Product Name |
Specification |
Place of Origin |
Price（RMB/mt） |
Price ($/mt) |
Weekly Change（RMB/mt） |
Weekly Change（$/mt） |
Coke |
First grade （A<13.0,S<0.75,CSR>65.0） |
Hancheng, Shaanxi |
1,390 |
193.8 |
-55.0 |
-7.8 |
Zibo, Shandong |
1,580 |
220.2 |
-55.0 |
-7.8 |
||
Pingdingshan, Henan |
1,430 |
199.3 |
-55.0 |
-7.8 |
||
Tangshan |
1,430 |
199.3 |
-55.0 |
-7.8 |
||
Huaibei, Anhui |
1,480 |
206.3 |
-55.0 |
-7.8 |
||
Average |
1,462 |
203.8 |
-55.0 |
-7.8 |
including 13 percent VAT
During the given period, coke prices in the Chinese domestic market have moved down further, signaling the tenth round of decline in coke prices has been done. Coking plants started to implement production halt due to the relatively high inventory levels and loss, which might bolster coke prices to a certain degree in the near future. Construction sites resumed construction activities, while the steel market still bore pressure from stock consumption. Meanwhile, the increase in molten iron output hasn’t been as good as market players expected, weakening the support to coke prices. It is thought that coke prices in the Chinese domestic market are still expected to edge down in the coming week.
On February 28, offer prices of coke CSR65 in the export market have been at $230-235/mt FOB, decreasing by $5/mt compared to February 21.
As of February 28, coking coal futures at Dalian Commodity Exchange (DCE) are standing at RMB 1,093/mt ($152.4/mt), decreasing by RMB 37/mt ($5.2/mt) or 3.3 percent since February 21, while up 0.41 percent compared to the previous trading day, February 27. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are standing at RMB 1,684/mt ($235/mt), decreasing by RMB 66/mt ($9.2/mt) or 3.8 percent since February 21, while up 0.78 percent compared to the previous trading day, February 27.