During the week ending November 22, local coke prices in China have moved down compared to the previous week.
First-grade coke prices in Tangshan are at RMB 1,815/mt ($252/mt) ex-warehouse, moving down by RMB 55/mt ($7.6/mt) compared to November 15, according to SteelOrbis’ data.
Prices of coke in local markets in China
Product Name |
Specification |
Place of Origin |
Price（RMB/mt） |
Price ($/mt) |
Weekly Change（RMB/mt） |
Weekly Change（$/mt） |
Coke |
First grade （A<13.0,S<0.75,CSR>65.0） |
Hancheng, Shaanxi |
1,775 |
246.7 |
-55.0 |
-7.5 |
Zibo, Shandong |
1,965 |
273.1 |
-55.0 |
-7.5 |
||
Pingdingshan, Henan |
1,815 |
252.3 |
-55.0 |
-7.5 |
||
Tangshan |
1,815 |
252.3 |
-55.0 |
-7.5 |
||
Huaibei, Anhui |
1,865 |
259.2 |
-55.0 |
-7.5 |
||
Average |
1,847 |
256.7 |
-55.0 |
-7.5 |
Including 13 percent VAT
During the given period, coke prices in the Chinese domestic market have moved down amid the slack demand from steelmakers. Most coking plants kept their capacity utilization rates stable, while inventory of coke has been at a relatively low level. Coking coal prices have indicated a decreasing trend, weakening the support for coke prices. It is expected that coke prices in the Chinese domestic market will fluctuate within a limited range or edge down further in the coming week.
On November 22, offer prices of coke CSR65 in the export market are at $267/mt FOB, moving down by $3/mt compared to November 15.
As of November 22, coking coal futures at Dalian Commodity Exchange (DCE) are standing at RMB 1,284/mt ($179/mt), increasing by RMB 23/mt ($3.2/mt) or 1.8 percent since November 15, while down 0.54 percent compared to the previous trading day, November 21. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are standing at RMB 1,905/mt ($265/mt), decreasing by RMB 3/mt ($0.4/mt) since November 15, while down 1.63 percent compared to the previous trading day, November 21.
$1 = RMB 7.1942
