During the week ending May 19, coke prices have edged down week on week in some regions.
First-grade coke prices in Tangshan are at RMB 2,120/mt ($301/mt) ex-warehouse, edging down by RMB 50/mt compared to May 12, according to SteelOrbis’ data.
Prices of coke in local markets in China
|
Product Name |
Specification |
Place of Origin |
Price（RMB/mt） |
Price ($/mt) |
Weekly Change (RMB/mt） |
Weekly Change（$/mt） |
|
Coke |
First grade （A<13.0,S<0.75,CSR>65.0） |
Hancheng,Shaanxi |
2,080 |
295.6 |
-50.0 |
-10.9 |
|
Zibo ,Shandong |
2,270 |
322.6 |
-50.0 |
-11.3 |
||
|
Pingdingshan,Henan |
2,190 |
311.3 |
0.0 |
-3.9 |
||
|
Tangshan |
2,120 |
301.3 |
-50.0 |
-11.0 |
||
|
Huaibei,Anhui |
2,290 |
325.5 |
0.0 |
-4.1 |
||
|
Average |
2,190 |
311.3 |
-30.0 |
-8.3 |
All prices include 13 percent VAT.
During the given week, average coke prices in the Chinese domestic market have edged down further, though at a slower pace amid the stable production output and the declining inventory level. Finished steel prices edged up slightly, while demand has not seen significant improvements yet, thereby buyers mostly purchased when necessary. Local coking coal prices moved sideways, which will provide certain support to coke prices from cost side. It is expected that coke prices in the Chinese domestic market will move sideways in the coming week.
As of Friday, May 19, coking coal futures at Dalian Commodity Exchange (DCE) have settled at RMB 1,345/mt ($191/mt), down by RMB 7/mt ($1/mt) week on week. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are at RMB 2,156/mt ($306.3/mt), rising by RMB 12/mt ($1.7/mt) or 0.56 percent compared to May 12.
$1 = RMB 7.0356