Struggling to lower their production costs, Chinese steelmakers have continued to push down prices for metallurgical coke. Specifically, following two successive price cuts in a row since the beginning of November, in the latest round of negotiations Chinese steelmakers have succeeded in reducing their coke procurement prices once again. This time, met coke prices have declined by RMB 110/mt ($15.2/mt).
Average first-grade coke prices in China’s main markets are presented in the following table.
Product Name |
Specification |
Place of Origin |
Price（RMB/mt） |
Price ($/mt) |
Weekly Change（RMB/mt） |
Change Compared to Nov 8（$/mt） |
Coke |
First grade （A<13.0,S<0.75,CSR>65.0） |
Hancheng,Shaanxi |
2,610 |
360.0 |
-110.0 |
-15.2 |
Zibo ,Shandong |
2,750 |
379.7 |
-110.0 |
-15.2 |
||
Pingdingshan,Henan |
2,520 |
348.0 |
-110.0 |
-15.2 |
||
Tangshan |
2,600 |
359.0 |
-110.0 |
-15.2 |
||
Huaibei,Anhui |
2,620 |
361.8 |
-110.0 |
-15.2 |
||
Average |
2,620 |
361.8 |
-110.0 |
-15.2 |
including 13 percent VAT
Meanwhile, SteelOrbis has learned of a fresh deal for 21,000 mt of ex-Russia pulverized coal injection (PCI), produced by Mechel, at $231.8/mt CFR, with November 11-19 laycan, down $3.2/mt from the levels in the previous tender.
Meanwhile, as of Thursday, November 10, coking coal futures prices at Dalian Commodity Exchange (DCE) have settled at RMB 2,032/mt ($280.6/mt), decreasing by three percent from the previous day. Meanwhile, coke futures prices have fallen by 3.5 percent to RMB 2,571/mt ($355/mt).
$1 = RMB 7.2422