During the week ending July 5, local coke prices in China have remained stable compared to the previous week.
First-grade coke prices in Tangshan are at RMB 2,090/mt ($293/mt) ex-warehouse, remaining stable compared to June 28, according to SteelOrbis’ data.
Prices of coke in local markets in China
Product Name |
Specification |
Place of Origin |
Price（RMB/mt) |
Price ($/mt) |
Weekly Change（RMB/mt) |
Weekly Change（$/mt) |
Coke |
First grade （A<13.0,S<0.75,CSR>65.0) |
Hancheng, Shaanxi |
2,050 |
287.6 |
0.0 |
-0.1 |
Zibo, Shandong |
2,240 |
314.2 |
0.0 |
-0.1 |
||
Pingdingshan, Henan |
1,980 |
277.7 |
0.0 |
-0.1 |
||
Tangshan |
2,090 |
293.2 |
0.0 |
-0.1 |
||
Huaibei, Anhui |
2,030 |
284.8 |
0.0 |
-0.1 |
||
Average |
2,078 |
291.5 |
0.0 |
-0.1 |
All prices include 13 percent VAT.
During the given week, coke prices in the Chinese domestic market have moved sideways amid improved market sentiments. Coking plants’ capacity utilization rates have been at relatively high levels, while the demand for coke has been quite good. Inventory of coke has been at relatively low levels, bolstering prices to a certain degree. Following the rainy season, China is now experiencing hotter weather, which may exert a negative impact on the demand for steel, affecting the coke market. It is thought that coke prices may fluctuate within a limited range in the coming week.
On July 5, offer prices of coke CSR65 in the export market have been at $300/mt FOB, up $5/mt compared to June 28.
As of July 5, coking coal futures at Dalian Commodity Exchange (DCE) are standing at RMB 1,557/mt ($218/mt), decreasing by RMB 16.5/mt ($2.3/mt) or 1.05 percent since June 28, while down 3.8 percent compared to the previous trading day, July 4. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are standing at RMB 2,253.5/mt ($316/mt), increasing by RMB 3.5/mt ($0.49/mt) or 0.16 percent since June 28, while down 3.92 percent compared to the previous trading day, July 4.
$1 = RMB 7.1289
