During the week ending July 12, local coke prices in China have remained unchanged compared to the previous week, while the mood has been negative due to the declines in steel prices in China, falling margins and the lack of interest in excessively expensive import coking coal.
First-grade coke prices in Tangshan are at RMB 2,090/mt ($293/mt) ex-warehouse, moving sideways compared to July 5, according to SteelOrbis’ data.
Prices of coke in local markets in China
Product Name |
Specification |
Place of Origin |
Price（RMB/mt） |
Price ($/mt) |
Weekly Change（RMB/mt） |
Weekly Change（$/mt） |
Coke |
First grade （A<13.0,S<0.75,CSR>65.0） |
Hancheng, Shaanxi |
2,050 |
287.4 |
0.0 |
-0.1 |
Zibo, Shandong |
2,240 |
314.1 |
0.0 |
-0.1 |
||
Pingdingshan, Henan |
1,980 |
277.6 |
0.0 |
-0.1 |
||
Tangshan |
2,090 |
293.0 |
0.0 |
-0.1 |
||
Huaibei, Anhui |
2,030 |
284.6 |
0.0 |
-0.1 |
||
Average |
2,078 |
291.4 |
0.0 |
-0.1 |
including 13 percent VAT.
During the given week, coke prices in the Chinese domestic market have remained stable amid the steady capacity utilization rates at coking plants, while inventory has been at relatively low levels. Steelmakers’ demand for coke has been quite good due to their low inventory levels, though declining finished steel prices mean it will be difficult for coke prices to rise. It is thought that coke prices in the Chinese domestic market will likely fluctuate within a limited range in the coming week.
However, on July 12, offer prices of coke CSR65 in the export market are at $290-295/mt FOB, down from $298/mt FOB July 5.
Also, the latest tradable level for import premium hard coking coal has been assessed at $245/mt CFR and at $225/mt CFR for hard coking coal, with no deal reported over the past week. Market sources said that the better mood in the ex-Australia coking coal segment is faced with the weakness in China. Some Chinese buyers have also been eager to re-export Russian PCI, purchased earlier at $142-151/mt CFR, to other Asian buyers.
As of July 12, coking coal futures at Dalian Commodity Exchange (DCE) are standing at RMB 1,571/mt ($220/mt), increasing by RMB 14/mt ($2.3/mt) or 0.9 percent since July 5, while up 0.96 percent compared to the previous trading day, July 11. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are standing at RMB 2,244/mt ($315/mt), decreasing by RMB 9.5/mt ($0.49/mt) or 0.42 percent since July 5, while up 0.56 percent compared to the previous trading day, July 11.
$1 = RMB 7.1342
