During the week ending November 1, local coke prices in China have moved sideways compared to the previous week, but further declines have been seen in the export market.
First-grade coke prices in Tangshan are at RMB 1,925/mt ($271/mt) ex-warehouse, remaining stable compared to October 25, according to SteelOrbis’ data.
Prices of coke in local markets in China
Product Name |
Specification |
Place of Origin |
Price（RMB/mt） |
Price ($/mt) |
Weekly Change（RMB/mt） |
Weekly Change（$/mt） |
Coke |
First grade （A<13.0,S<0.75,CSR>65.0） |
Hancheng, Shaanxi |
1,885 |
265.0 |
0.0 |
-0.2 |
Zibo, Shandong |
2,075 |
291.7 |
0.0 |
-0.2 |
||
Pingdingshan, Henan |
1,925 |
270.6 |
0.0 |
-0.2 |
||
Tangshan |
1,925 |
270.6 |
0.0 |
-0.2 |
||
Huaibei, Anhui |
1,975 |
277.6 |
0.0 |
-0.2 |
||
Average |
1,957 |
275.1 |
0.0 |
-0.2 |
including 13 percent VAT
During the given period, coke prices in the Chinese domestic market have remained unchanged amid the steady capacity utilization rates at coking plants. A few coking plants’ inventories have increased slightly, while most coking plants’ sales activities have been progressing smoothly. Local coking coal prices have declined, weakening the support for coke prices from the cost side. Market players anticipate that more stimulus policies may be announced next week, which would exert a positive impact on the steel market and bolster coke prices. It is thought that coke prices in the Chinese domestic market will fluctuate within a limited range in the coming week.
On November 1, offer prices of coke CSR65 in the export market have come to $270/mt FOB, moving down by $9/mt to October 25. The offer price from Indonesia for CSR 65 coke has been reported at $260/mt FOB, so Chinese quotations have had to follow the downward trend.
As of November 1, coking coal futures at Dalian Commodity Exchange (DCE) are standing at RMB 1,337/mt ($188/mt), decreasing by RMB 18/mt ($2.5/mt) or 1.3 percent since October 25, while down 1.33 percent compared to the previous trading day, October 31. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are standing at RMB 1,996.5/mt ($281/mt), increasing by RMB 6.5/mt ($0.28/mt) since October 25, while up 0.3 percent compared to the previous trading day, October 31.
$1 = RMB 7.1135