During the given week, coke prices in the Chinese domestic market have moved up, signaling that the fourth round of price hikes has been implemented. Downstream users have been willing to conclude purchases for coke. Safety accidents in Shanxi Province made mining companies suspend production for rectification and maintenance, resulting in sharp rises in coke futures prices during some trading days earlier this week, bolstering coke prices in the spot market. The accident effect has gradually faded away recently. The fifth round of price hikes is expected to be implemented in the near future.
First-grade coke prices in Tangshan are at RMB 1,820/mt ($266.9/mt) ex-warehouse, moving up by RMB 55/mt compared to May 22, according to SteelOrbis’ data.
Prices of coke in local markets in China
| Product Name | Specification | Place of Origin |
Price（RMB/mt） | Price ($/mt) |
Weekly Change（RMB/mt） |
Weekly Change（$/mt） |
Coke |
First grade （A<13.0,S<0.75,CSR>65.0） |
Hancheng, Shaanxi |
1,720 |
252.3 |
55.0 |
8.8 |
Zibo, Shandong |
1,855 |
272.1 |
55.0 |
8.8 |
||
Pingdingshan, Henan |
1,705 |
250.1 |
55.0 |
8.8 |
||
Tangshan |
1,820 |
266.9 |
55.0 |
8.8 |
||
Huaibei, Anhui |
1,755 |
257.4 |
55.0 |
8.8 |
||
Average |
1,771 |
259.8 |
55.0 |
8.8 |
All prices include 13 percent VAT.
Prices of coking coal in local markets in China
| Product Name | Specification | Place of Origin | Price（RMB/mt） |
Price ($/mt) |
Weekly Change（RMB/mt） |
Weekly Change（$/mt） |
A9,S0.4,V19,G88 |
Linfen low-sulfur primary coking coal |
1,600 |
234.7 |
0.0 |
0.7 |
|
A10.5,S3,V25,G80 |
Lveliang high-sulfur primary coking coal |
1,353 |
198.4 |
77.0 |
11.8 |
|
A10,S1.8,V21,G90 |
Jinzhong medium-sulfur primary coal |
1,325 |
194.3 |
0.0 |
0.5 |
|
A12,S1.2,V37.G90 |
Linfen low-sulfur 1/3 coking coal |
1,230 |
180.4 |
0.0 |
0.5 |
|
|
Average |
1,377 |
202.0 |
19.3 |
3.4 |
During the given week, coking coal prices have edged up amid the production halt in Shanxi Province. The shrinking supply of coking coal contributed to its price rise. Meanwhile, the relatively low inventories also provided certain support to coking coal prices. It is thought that coking coal prices in the Chinese domestic market will edge up further in the coming week.
On May 29, offer prices of coke CSR65 in the export market have been at $270/mt FOB, rising by $10/mt compared to May 22.
As of May 29, coking coal futures at the Dalian Commodity Exchange (DCE) are standing at RMB 1,285.5/mt ($188.5/mt), increasing by RMB 123/mt ($18/mt) or 10.6 percent since May 22, while decreasing by 0.31 percent compared to the previous trading day, May 28. Meanwhile, coke futures prices at the Dalian Commodity Exchange (DCE) are standing at RMB 1,903/mt ($279/mt), increasing by RMB 172/mt ($25/mt) or 9.9 percent since May 22, while increasing by 0.26 percent compared to the previous trading day, May 28.
$1 = RMB 6.8176
