During the week ending October 13, local coke prices in China have moved up compared to the previous week. Coking plants have been implementing production restrictions, bolstering coke prices in both local and export markets.
First-grade coke prices in Tangshan are at RMB 2,420/mt ($337.1/mt) ex-warehouse, moving up by RMB 110/mt ($15/mt) compared to September 22, according to SteelOrbis’ data.
Prices of coke in local markets in China
Product Name |
Specification |
Place of Origin |
Price（RMB/mt） |
Price ($/mt) |
Weekly Change（RMB/mt） |
Weekly Change（$/mt） |
Coke |
First grade （A<13.0,S<0.75,CSR>65.0） |
Hancheng, Shaanxi |
2,380 |
331.6 |
+110.0 |
+15.1 |
Zibo, Shandong |
2,570 |
358.0 |
+110.0 |
+15.1 |
||
Pingdingshan, Henan |
2,420 |
337.1 |
+110.0 |
+15.1 |
||
Tangshan |
2,420 |
337.1 |
+110.0 |
+15.1 |
||
Huaibei, Anhui |
2,470 |
344.1 |
+110.0 |
+15.1 |
||
Average |
2,452 |
341.6 |
+110.0 |
+15.1 |
All prices include 13 percent VAT.
This week, coke prices in the Chinese domestic market have increase. Though coking plants tried to raise coke prices for the third time, steelmakers have not accepted the increases yet, while some market sources believe that they will do next week. Some coking plants have implemented production restrictions, providing support for coke prices. Demand for coke has been quite good, while inventory has been at low levels, bolstering coke prices significantly. It is expected that coke prices will edge up in the coming week.
On October 13, the reference prices of coke CSR65 in the export market have risen to $350-360/mt FOB, up from the pre-holidays $345-350/mt FOB level. Most producers have been offering at the higher end of the range.
As of Friday, October 13, coking coal futures at Dalian Commodity Exchange (DCE) have settled at RMB 1,731.5/mt ($260/mt), down by RMB 129.5/mt ($5.4/mt) or 7.0 percent over the past fortnight, and up 0.32 percent compared to the previous trading day (October 12). Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are at RMB 2,352/mt ($350/mt), decreasing by RMB 160/mt ($22.3/mt) or 6.4 percent compared to September 22, and indicating a decrease of 0.7 percent compared to the previous trading day.
$1 = RMB 7.1775
