During the week ending December 16, coke prices in the local market in China have moved sideways after the previous increase. Market sources believe that the market needs time to absorb the previous rises and since coke futures declined, this can signal for a halt in uptrend for some time. Though overall steel prices in China are on the rise and coke suppliers may target another price increase by the end of the month.
First-grade coke prices in Tangshan are at RMB 2,950/mt ($423.9/mt) ex-warehouse, remaining stable compared to December 9, according to SteelOrbis’ data.
Prices of coke in local markets in China
Product Name |
Specification |
Place of Origin |
Price（RMB/mt） |
Price ($/mt) |
Weekly Change（RMB/mt） |
Weekly Change（$/mt） |
Coke |
First grade （A<13.0,S<0.75,CSR>65.0） |
Hancheng,Shaanxi |
2,940 |
421.3 |
0.0 |
-1.2 |
Zibo ,Shandong |
3,080 |
441.3 |
0.0 |
-1.3 |
||
Pingdingshan,Henan |
2,850 |
408.4 |
0.0 |
-1.2 |
||
Tangshan |
2,930 |
419.8 |
0.0 |
-1.2 |
||
Huaibei,Anhui |
2,950 |
422.7 |
0.0 |
-1.2 |
||
Average |
2,950 |
422.7 |
0.0 |
-1.2 |
Including 13 percent VAT.
During the given week, coke prices in China have remained stable, though some coking plants attempted to raise their prices, buyers have not accepted their attempts. Transportation has gradually returned to normal, which will exert a positive impact on the coke market. Meanwhile, coking plants’ capacity utilization rates have increased, while the inventory has been at relatively low level. Moreover, coking coal prices edged up further, bolstering coke prices from cost side. It is expected that coke prices may edge up further in the coming week.
As of Friday, December 16, coke futures prices at Dalian Commodity Exchange (DCE) are at RMB 2,849.5/mt ($408/mt), decreasing by RMB 85/mt ($12.2/mt) or 2.9 percent compared to December 9.
$1 = RMB 6.9791
