During the week ending June 16, domestic coke prices in China have remained stable and, with futures and coking coal prices posting some rises, ex-China and ex-Indonesia metallurgical coke prices have also improved slightly.
First-grade coke prices in Tangshan are at RMB 1,970/mt ($277/mt) ex-warehouse, remaining stable compared to June 9, according to SteelOrbis’ data.
Prices of coke in local markets in China
|
Product Name |
Specification |
Place of Origin |
Price（RMB/mt） |
Price ($/mt) |
Weekly Change（RMB/mt） |
Weekly Change（$/mt） |
|
Coke |
First grade （A<13.0,S<0.75,CSR>65.0） |
Hancheng,Shaanxi |
1,930 |
270.7 |
0.0 |
-0.6 |
|
Zibo ,Shandong |
2,120 |
297.4 |
0.0 |
-0.7 |
||
|
Pingdingshan,Henan |
2,090 |
293.2 |
0.0 |
-0.7 |
||
|
Tangshan |
1,970 |
276.3 |
0.0 |
-0.7 |
||
|
Huaibei,Anhui |
2,190 |
307.2 |
0.0 |
-0.7 |
||
|
Average |
2,060 |
289.0 |
0.0 |
-0.7 |
All prices include 13 percent VAT.
During the given week, the supply of coke locally in China has decreased, resulting in a certain shortage in the market, which has bolstered prices. Meanwhile, the inventory of coke has decreased, exerting a positive impact on prices. Lately, steel prices in the Chinese domestic market have moved on an increasing trend, positively affecting purchasing activities for coke. At the same time, domestic coking coal prices have edged up, providing support for coke prices from the cost side. It is thought that coke prices may edge up in the coming week.
As of Friday, June 16, coking coal futures at Dalian Commodity Exchange (DCE) have settled at RMB 1,401/mt ($196.5/mt), up by RMB 112/mt ($15.7/mt) or 8.7 percent week on week. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are at RMB 2,180/mt ($306/mt), rising by RMB 103.5/mt ($14.5/mt) or 5.0 percent compared to June 9.
In the export market, the offer price for ex-China 25-90 mm CSR 63/65 metallurgical coke has improved by $5/mt over the past week to $290/mt FOB. One deal for low quality Chinese coke has been heard at $260-265/mt FOB, which is not considered to be a fair market price.
Also the latest deal for ex-Indonesia CSR 65 metallurgical coke has been done at $292/mt FOB to Southeast Asia, while the previous sale was at $289/mt FOB two weeks ago. Offers are now standing at $295/mt FOB.
$1 = RMB 7.1289