During the week ending November 29, local coke prices in China have moved sideways compared to the previous week, but the outlook for the near future is cautiously pessimistic.
First-grade coke prices in Tangshan are at RMB 1,815/mt ($252/mt) ex-warehouse, moving sideways compared to November 22, according to SteelOrbis’ data.
Prices of coke in local markets in China
Product Name |
Specification |
Place of Origin |
Price（RMB/mt） |
Price ($/mt) |
Weekly Change（RMB/mt） |
Weekly Change（$/mt） |
Coke |
First grade （A<13.0,S<0.75,CSR>65.0） |
Hancheng, Shaanxi |
1,775 |
246.9 |
0.0 |
0.2 |
Zibo, Shandong |
1,965 |
273.4 |
0.0 |
0.2 |
||
Pingdingshan, Henan |
1,815 |
252.5 |
0.0 |
0.2 |
||
Tangshan |
1,815 |
252.5 |
0.0 |
0.2 |
||
Huaibei, Anhui |
1,865 |
259.5 |
0.0 |
0.2 |
||
Average |
1,847 |
257.0 |
0.0 |
0.2 |
including 13 percent VAT
During the given period, coke prices in the Chinese domestic market have remained stable amid the stable capacity utilization rates of coking plants. Inventory levels of coke at the sellers’ side have remained relatively low level, bolstering prices to a certain degree. Local coking coal prices have edged down, weakening the support for coke prices from the cost side. The production of molten iron has started to see a decreasing trend and so some steelmakers said they may limit their purchases of coke. It is thought that coke prices in the Chinese domestic market will likely edge down in the coming week.
On November 29, offer prices of coke CSR65 in the export market are at $265/mt FOB, down by $2/mt on average over the past week.
As of November 29, coking coal futures at Dalian Commodity Exchange (DCE) are standing at RMB 1,245.5/mt ($173/mt), decreasing by RMB 38.5/mt ($5.4/mt) or 3.0 percent since November 22, while down 0.24 percent compared to the previous trading day, November 28. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are standing at RMB 1,875.5/mt ($261/mt), decreasing by RMB 29.5/mt ($4/mt) since November 22, while down 0.24 percent compared to the previous trading day, November 28.
$1 = RMB 7.1877