Local coke prices in China increase

Friday, 13 December 2019 16:04:50 (GMT+3)   |   Shanghai
       

During the week ending December 13, import coking coal quotations in China have moved sideways, while metallurgical coke prices in the Chinese domestic market have edged up in some cities.

In the given period, quotations of premium hard coking coal from Australia have been at $151/mt CFR China, remaining stable compared to last week. Hard coking coal prices are at $135/mt CFR on December 13, also moving sideways week on week.

Coke prices in Tangshan, Hancheng and Zibo are at RMB 1,850/mt ($264/mt), RMB 1,700/mt ($242/mt), RMB 1,800/mt ($257/mt) ex-warehouse, respectively, all up RMB 50/mt ($7.1/mt) compared to the previous week, according to SteelOrbis’ data.

During the given week, steel enterprises in Tangshan in Hebei Province have been requested to implement level II anti-smog measures starting from 12:00 on December 13 due to the expected increase in smog. These measures will negatively affect steel output and thereby exert a negative impact on the coke market. However, coking coal supply has been on the tight side, which will bolster coke prices. It is thought that coke prices in the Chinese domestic market will fluctuate within a limited range in the coming week.

Coke futures prices at Dalian Commodity Exchange (DCE) have risen by RMB 43/mt ($6.1/mt) as of Friday, December 13, compared to December 6.

$1 = RMB 7.016 


Similar articles

Local coke prices in China decline, further cuts expected

15 Mar | Scrap & Raw Materials

Ukraine’s DMZ posts lower finished steel output for February

12 Mar | Steel News

Chinese coking coal market goes down, export coke follows

08 Mar | Scrap & Raw Materials

Ukraine's Zaporizhkoks posts higher coke output for February

07 Mar | Steel News

Local coke prices in China continue to move down

01 Mar | Scrap & Raw Materials

CISA: Coking coal purchase cost in China down 11.21 percent in January

29 Feb | Steel News

Local coke prices in China soften amid slow demand, but outlook not so bad

23 Feb | Scrap & Raw Materials

Local coke prices in China remain unchanged amid stable demand

02 Feb | Scrap & Raw Materials

CISA: Coking coal purchase cost in China down 18.75 percent in 2023

31 Jan | Steel News

Shanxi Coking expects net profit to decline by 46.79-52.99 percent in 2023

29 Jan | Steel News