During the week ending December 20, local coke prices in China have remained stable, but sentiments are still negative due to weak demand.
First-grade coke prices in Tangshan are at RMB 1,760/mt ($245/mt) ex-warehouse, moving sideways compared to December 13, according to SteelOrbis’ data.
Prices of coke in local markets in China
Product Name |
Specification |
Place of Origin |
Price（RMB/mt） |
Price ($/mt) |
Weekly Change（RMB/mt） |
Weekly Change（$/mt） |
Coke |
First grade （A<13.0,S<0.75,CSR>65.0） |
Hancheng,Shaanxi |
1,720 |
239.2 |
0.0 |
-0.1 |
|
|
Zibo, Shandong |
1,910 |
265.6 |
0.0 |
-0.1 |
|
|
Pingdingshan,Henan |
1,760 |
244.8 |
0.0 |
-0.1 |
|
|
Tangshan |
1,760 |
244.8 |
0.0 |
-0.1 |
|
|
Huaibei, Anhui |
1,810 |
251.7 |
0.0 |
-0.1 |
|
|
Average |
1,792 |
249.2 |
0.0 |
-0.1 |
including 13 percent VAT
During the given period, coke prices in the Chinese domestic market have remained stable amid relatively low inventory levels. Local coking coal prices have edged down in the given week, weakening the support for coke prices from the cost side. Due to the traditional offseason, the demand for finished steel has remained slack, resulting in declining molten iron outputs, which will exert a negative impact on demand for coke. It is thought that coke prices in the Chinese domestic market will edge down in the coming week.
On December 20, offer prices of coke CSR65 in the export market are at $260-265/mt FOB, down slightly from $265/mt FOB last week.
As of December 20, coking coal futures at Dalian Commodity Exchange (DCE) are standing at RMB1,160.5/mt ($161.4/mt), increasing by RMB 1.5/mt ($0.2/mt) or 0.13 percent since December 13, while up 0.61 percent compared to the previous trading day, December 19. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are standing at RMB 1,766.5/mt ($246/mt), decreasing by RMB68.5/mt ($9.5/mt) since December 13, while up 0.97 percent compared to the previous trading day, December 19.
$1 = RMB 7.1901