During the week ending May 12, coke prices have moved down further week on week amid weak demand and no improvement in expectations for steel consumption before the end of the month.
First-grade coke prices in Tangshan are at RMB 2,170/mt ($312.3/mt) ex-warehouse,moving down by RMB 100/mt compared toMay 5, according to SteelOrbis’ data.
Prices of coke in local markets in China
|
Product Name |
Specification |
Place of Origin |
Price（RMB/mt） |
Price ($/mt) |
Weekly Change（RMB/mt） |
Weekly Change（$/mt） |
|
Coke |
First grade（A<13.0,S<0.75,CSR>65.0） |
Hancheng,Shaanxi |
2,130 |
306.6 |
-100.0 |
-16.1 |
|
|
|
Zibo ,Shandong |
2,320 |
333.9 |
-100.0 |
-16.3 |
|
|
|
Pingdingshan,Henan |
2,190 |
315.2 |
-50.0 |
-8.9 |
|
|
|
Tangshan |
2,170 |
312.3 |
-100.0 |
-16.1 |
|
|
|
Huaibei,Anhui |
2,290 |
329.6 |
-50.0 |
-9.0 |
|
|
|
Average |
2,220 |
319.5 |
-80.0 |
-13.3 |
including 13 percent VAT
During the given week, coke prices in the Chinese domestic market have moved down further amid relatively stable production and downstream users’ unwillingness to purchase coke. The inventory levels of coke have risen, exerting a negative impact on prices. Moreover, finished steel prices have moved on a downtrend, resulting in a cautious attitude towards the prospect for the coke market. It is thought that coke prices in the Chinese domestic market will edge down in the coming week.
As of Friday, May 12, coking coal futures at Dalian Commodity Exchange (DCE) have settled at RMB 1,352/mt ($196/mt), remaining stable week on week. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are at RMB 2,144/mt ($308.5/mt), rising by RMB 3.5/mt ($0.5/mt) or 0.16 percent compared to May 5.
$1 = RMB 6.9481