During the week ending January 3, local coke prices in China have moved sideways compared to the previous week.
First-grade coke prices in Tangshan are at RMB 1,705/mt ($237/mt) ex-warehouse, moving sideways compared to December 27, according to SteelOrbis’ data.
Prices of coke in local markets in China
Product Name |
Specification |
Place of Origin |
Price（RMB/mt） |
Price ($/mt) |
Weekly Change（RMB/mt） |
Weekly Change（$/mt） |
Coke |
First grade （A<13.0,S<0.75,CSR>65.0） |
Hancheng, Shaanxi |
1,665 |
231.6 |
0.0 |
0.0 |
Zibo, Shandong |
1,855 |
258.1 |
0.0 |
0.0 |
||
Pingdingshan, Henan |
1,705 |
237.2 |
0.0 |
0.0 |
||
Tangshan |
1,705 |
237.2 |
0.0 |
0.0 |
||
Huaibei, Anhui |
1,755 |
244.2 |
0.0 |
0.0 |
||
Average |
1,737 |
241.7 |
0.0 |
0.0 |
including 13 percent VAT
During the given period, coke prices in the Chinese domestic market have remained stable as most coking plants have been making only marginal profits, resulting in their stable capacity utilization rates. Inventory of coke has been at relatively low levels, bolstering prices to a certain degree. More steelmakers will implement maintenance works in the coming period as the Chinese New Year holiday (January 28-February 4) is approaching, which will result in slacker demand for coke. It is thought that coke prices in the Chinese domestic market will likely edge down in the coming week.
Offer prices of coke CSR65 in the export market have lost $7.5/mt over the past week, coming to $250-255/mt FOB.
As of January 3, coking coal futures at Dalian Commodity Exchange (DCE) are standing at RMB 1,148.5/mt ($160/mt), increasing by RMB 8.5/mt ($1.2/mt) or 0.75 percent since December 27, while down 2.17 percent compared to the previous trading day, January 2. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are standing at RMB 1,760.5/mt ($245/mt), increasing by RMB 19.5/mt ($2.7/mt) since December 27, while down 3.35 percent compared to the previous trading day, January 2.
$1 = RMB 7.1878
