During the week ending October 25, local coke prices in China have moved down compared to the previous week after six rounds of increases, while more price cuts are expected in the near future amid lower demand and high inventories.
First-grade coke prices in Tangshan are at RMB 1,925/mt ($271/mt) ex-warehouse, moving down by RMB 55/mt compared to October 18, according to SteelOrbis’ data.
Prices of coke in local markets in China
Product Name |
Specification |
Place of Origin |
Price（RMB/mt） |
Price ($/mt) |
Weekly Change（RMB/mt） |
Weekly Change（$/mt） |
Coke |
First grade （A<13.0,S<0.75,CSR>65.0） |
Hancheng, Shaanxi |
1,885 |
265.2 |
-55.0 |
-7.0 |
Zibo, Shandong |
2,075 |
291.9 |
-55.0 |
-7.0 |
||
Pingdingshan, Henan |
1,925 |
270.8 |
-55.0 |
-7.0 |
||
Tangshan |
1,925 |
270.8 |
-55.0 |
-7.0 |
||
Huaibei, Anhui |
1,975 |
277.8 |
-55.0 |
-7.0 |
||
Average |
1,957 |
275.3 |
-55.0 |
-7.0 |
including 13 percent VAT
During the given period, coke prices in the Chinese domestic market have edged down amid increasing inventories. Steelmakers’ profitability has shrunk in the given week, weakening the support for coke prices as they have tried to lower purchase prices for coke. It is expected that coke prices in the Chinese domestic market will edge down further in the coming week, with market sources predicting at least four rounds of price cuts this time, if the market dynamics do not change.
On October 25, the prices of CSR65 coke in the export market are at $279/mt FOB, decreasing by $5/mt compared to October 18.
As of October 25, coking coal futures at Dalian Commodity Exchange (DCE) are standing at RMB 1,355/mt ($191/mt), increasing by RMB 4/mt ($0.6/mt) or 0.3 percent since October 18, while up 2.15 percent compared to the previous trading day, October 24. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are standing at RMB 1,990/mt ($280/mt), increasing by RMB 2/mt ($0.28/mt) since October 18, while up 2.45 percent compared to the previous trading day, October 24.
$1 = RMB 7.109