During the week ending January 24, local coke prices in China have declined as demand has been slowing down, while supply has remained stable. Export prices have also declined.
First-grade coke prices in Tangshan are at RMB 1,595/mt ($222.5/mt) ex-warehouse, moving down by RMB 55/mt ($7.7/mt) compared to January 17, according to SteelOrbis’ data.
Prices of coke in local markets in China
Product Name |
Specification |
Place of Origin |
Price（RMB/mt） |
Price ($/mt) |
Weekly Change（RMB/mt） |
Weekly Change（$/mt） |
Coke |
First grade （A<13.0,S<0.75,CSR>65.0） |
Hancheng, Shaanxi |
1,555 |
216.8 |
-55.0 |
-7.1 |
Zibo, Shandong |
1,745 |
243.3 |
-55.0 |
-7.0 |
||
Pingdingshan, Henan |
1,595 |
222.4 |
-55.0 |
-7.1 |
||
Tangshan |
1,595 |
222.4 |
-55.0 |
-7.1 |
||
Huaibei, Anhui |
1,645 |
229.4 |
-55.0 |
-7.1 |
||
Average |
1,627 |
226.9 |
-55.0 |
-7.1 |
including 13 percent VAT
During the given period, coke prices in the Chinese domestic market have moved down amid the steady capacity utilization rates of coking plants, while steelmakers have been unwilling to build up high stocks of coke, exerting a negative impact on prices. Inventory levels of coke have increased, weakening the support for prices. Most coal mines have entered the holiday period, while they have mostly consumed stocks to complete orders ahead of the Chinese New Year holiday (January 28-February 4). It is thought that coke prices in the Chinese domestic market will move sideways in the coming week.
On January 24, offer prices of coke CSR65 in the export market are at $245/mt FOB, decreasing by $5-10/mt compared to January 17.
As of January 24, coking coal futures at Dalian Commodity Exchange (DCE) are standing at RMB 1,131/mt ($158/mt), decreasing by RMB 44.5/mt ($6.2/mt) or 3.8 percent since January 17, while down 1.39 percent compared to the previous trading day, January 23. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are standing at RMB 1,764.5/mt ($246/mt), decreasing by RMB 33.5/mt ($4.7/mt) or 2.85 percent since January 17, while down 0.93 percent compared to the previous trading day, January 23.
$1 = RMB 7.1705