During the week ending January 17, local coke prices in China have moved sideways compared to the previous week ahead of the Chinese New Year holiday, while trading has been slow. At the same time, export activity has been even more limited with possible retroactive tariffs to be imposed in India.
First-grade coke prices in Tangshan are at RMB 1,650/mt ($229.5/mt) ex-warehouse, remaining stable compared to January 10, according to SteelOrbis’ data.
Prices of coke in local markets in China
Product Name |
Specification |
Place of Origin |
Price（RMB/mt） |
Price ($/mt) |
Weekly Change（RMB/mt） |
Weekly Change（$/mt） |
Coke |
First grade （A<13.0,S<0.75,CSR>65.0） |
Hancheng, Shaanxi |
1,610 |
224.0 |
- |
- |
Zibo, Shandong |
1,800 |
250.4 |
- |
- |
||
Pingdingshan, Henan |
1,650 |
229.5 |
- |
- |
||
Tangshan |
1,650 |
229.5 |
- |
- |
||
Huaibei, Anhui |
1,700 |
236.5 |
- |
- |
||
Average |
1,682 |
234.0 |
- |
- |
including 13 percent VAT
During the given period, coke prices in the Chinese domestic market have remained stable amid the shrinking supply from coking plants. Steelmakers have intentionally reduced their purchasing activities, exerting a negative impact on coke prices. Coking coal prices have edged down, weakening the support for coke prices to a certain degree. Demand for steel is expected to slacken further in the coming week as the Chinese New Year holiday is approaching, which will reduce the demand for coke from steelmakers. It is expected that coke prices in the Chinese domestic market will fluctuate within a limited range in the coming week as the market will be very quiet.
On January 17, offer prices of coke CSR65 in the export market are at $250-255/mt FOB.
As of January 17, coking coal futures at Dalian Commodity Exchange (DCE) are standing at RMB 1,175.5/mt ($163.5/mt), increasing by RMB 92/mt ($13/mt) or 8.5 percent since January 10, while up 2.4 percent compared to the previous trading day, January 16. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are standing at RMB 1,798/mt ($250/mt), increasing by RMB 116.5/mt ($11/mt) or 6.9 percent since January 10, while up 1.75 percent compared to the previous trading day, January 16.
$1 = RMB 7.1889