During the week ending June 6, local coke prices in China have moved sideways compared to May 30, but mills have proposed the third round of local coke price cuts and it is expected to happen next week.
First-grade coke prices in Tangshan are at RMB 1,320/mt ($183/mt) ex-warehouse, remaining stable compared to May 30, according to SteelOrbis’ data.
Prices of coke in local markets in China
Product Name |
Specification |
Place of Origin |
Price（RMB/mt） |
Price ($/mt) |
Weekly Change（RMB/mt） |
Weekly Change（$/mt） |
Coke
|
First grade （A<13.0,S<0.75,CSR>65.0）
|
Hancheng,Shaanxi |
1,280 |
178.1 |
0.0 |
0.0 |
Zibo, Shandong |
1,470 |
204.6 |
0.0 |
0.0 |
||
Pingdingshan,Henan |
1,320 |
183.7 |
0.0 |
0.0 |
||
Tangshan |
1,320 |
183.7 |
0.0 |
0.0 |
||
Huaibei, Anhui |
1,370 |
190.7 |
0.0 |
0.0 |
||
Average |
1,352 |
188.2 |
0.0 |
0.0 |
including 13 percent VAT
Prices of coking coal in local markets in China
Product Name |
Specification |
Place of Origin |
Price（RMB/mt） |
Price ($/mt) |
Weekly Change（RMB/mt） |
Weekly Change（$/mt） |
Coking Coal
|
A9,S0.4,V19,G88 |
Linfen low-sulfur primary coking coal |
1,190 |
165.6 |
-40.0 |
-5.6 |
A10.5,S3,V25,G80 |
Lveliang high-sulfur primary coking coal |
825 |
114.8 |
-25.0 |
-3.5 |
|
A10,S1.8,V21,G90 |
Jinzhongmedium-sulfur primary coal |
907 |
126.2 |
-41.0 |
-5.7 |
|
A12,S1.2,V37.G90 |
Linfen low-sulfur 1/3 coking coal |
880 |
122.5 |
-50.0 |
-7.0 |
|
|
Average |
950.5 |
132.3 |
-39.0 |
-5.4 |
During the given week, average coking coal prices in the Chinese domestic market have seen further decreases amid the prevailing cautious sentiments among market players. Since coal mine safety accidents occurred, some coal mines halted productionactivities, which will bolster coking coal prices. Coking coal futures prices have seen a rebounding trend since Wednesday, exerting a positive impact on the prices in spot market. It is thought that coking coal prices might fluctuate within a limited range in the coming period.
Mills have attempted to implement the third round of decline in coke prices, which is expected to be implemented in the short term. The inventory of coke on coking plants’ side has been at a relatively low level, while the molten iron outputs witnessed slight declines, weakening the support to coke prices to a certain degree due to the slack demand. It is thought that coke prices in the Chinese domestic market will edge down in the coming week.
On June 6, offer prices of coke CSR65 in the export market have been at $215/mt FOB, remaining unchanged compared to May 30.
As of June 6, coking coal futures at Dalian Commodity Exchange (DCE) are standing at RMB 778.5/mt ($108/mt), increasing by RMB 52.5/mt ($7.3/mt) or 7.2percent since May 30, while up 3.18 percent compared to the previous trading day, June 5. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are standing at RMB 1,350.5/mt ($187.6/mt), increasing by RMB 42.5/mt ($5.9/mt) or 3.3 percent since May 30, while up 0.67 percent compared to the previous trading day, June 5.
$1 = RMB 7.1845