During the week ending January 19, local coke prices in China have remained stable compared to the previous week, while sentiments in the market in general has been on the downward side. As a result, export coke offers have softened further.
First-grade coke prices in Tangshan are at RMB 2,420/mt ($340/mt) ex-warehouse, moving sideways compared to January 12, according to SteelOrbis’ data.
Prices of coke in local markets in China
Product Name |
Specification |
Place of Origin |
Price（RMB/mt） |
Price ($/mt) |
Weekly Change（RMB/mt） |
Weekly Change（$/mt） |
Coke |
First grade （A<13.0,S<0.75,CSR>65.0) |
Hancheng, Shaanxi |
2,380 |
334.4 |
0.0 |
-0.6 |
Zibo, Shandong |
2,570 |
361.1 |
0.0 |
-0.6 |
||
Pingdingshan, Henan |
2,420 |
340.0 |
0.0 |
-0.6 |
||
Tangshan |
2,420 |
340.0 |
0.0 |
-0.6 |
||
Huaibei, Anhui |
2,470 |
347.1 |
0.0 |
-0.6 |
||
Average |
2,452 |
344.5 |
0.0 |
-0.6 |
including 13 percent VAT
During the given week, coke prices in the Chinese domestic market have moved sideways as traders have mostly held a wait-and-see stance as regards the future prospects for the coke market, while steelmakers have been unwilling to build up stocks for the winter season at present. Inventories of coke have risen slightly, exerting a negative impact on prices. At the same time, coking plants have reduced production activities, which provides some support for coke prices. Local coking coal prices started to edge up again, which will bolster coke prices from the cost side. It is thought that coke prices may edge up slightly in the coming week.
On January 19, the reference price of coke CSR65 in the export market has been at $348/mt FOB, declining by $2/mt on average compared to January 12. Early this week, offers were at $350-352/mt FOB, but the tradable level and bids from India are mainly close to $340/mt FOB. Indonesian coke has been traded at $350-355/mt FOB during the week.
As of Friday, January 19, coking coal futures at Dalian Commodity Exchange (DCE) have settled at RMB 1,822.5/mt ($256/mt), up by RMB 34/mt ($4.8/mt) or 1.9 percent week on week, and increasing by 1.67 percent compared to the previous trading day (January 18). Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are at RMB 2,446/mt ($344/mt), increasing by RMB 60/mt ($9.1/mt) or 2.5 percent compared to January 12, and up 1.2 percent compared to the previous trading day.
$1 = RMB 7.105
