During the week ending September 13, local coke prices in China have moved down compared to the previous week as the pressure on coke producers to sell has been significant. It is expected that prices will stabilize after the previous eight successive price decreases and given the losses incurred by suppliers.
First-grade coke prices in Tangshan are at RMB 1,650/mt ($232/mt) ex-warehouse, moving down by RMB 55/mt ($8.1/mt) compared to September 6, according to SteelOrbis’ data.
Prices of coke in local markets in China
Product Name |
Specification |
Place of Origin |
Price（RMB/mt） |
Price ($/mt) |
Weekly Change（RMB/mt） |
Weekly Change（$/mt） |
Coke |
First grade （A<13.0,S<0.75,CSR>65.0） |
Hancheng, Shaanxi |
1,610 |
226.7 |
-55.0 |
-8.1 |
Zibo, Shandong |
1,800 |
253.4 |
-55.0 |
-8.1 |
||
Pingdingshan, Henan |
1,650 |
232.3 |
-55.0 |
-8.1 |
||
Tangshan |
1,650 |
232.3 |
-55.0 |
-8.1 |
||
Huaibei, Anhui |
1,700 |
239.3 |
-55.0 |
-8.1 |
||
Average |
1,682 |
236.8 |
-55.0 |
-8.1 |
including 13 percent VAT
During the given week, coke prices in the Chinese domestic market have moved down amid the prevailing cautious sentiments among market players. Coking plants’ profitability has decreased below the break-even line, causing them to reduce their supplies of coke, which will likely provide some support for coke prices. Downstream users have built up some stocks ahead of the Mid-Autumn Day holiday (September 14-17), while their inventories will remain at relatively low levels. It is thought that coke prices in the Chinese domestic market will move sideways in the coming week.
On September 13, offer prices of coke CSR65 in the export market have been at $255/mt FOB, decreasing by $7/mt compared to September 6.
As of September 13, coking coal futures at Dalian Commodity Exchange (DCE) are standing at RMB 1,269/mt ($179/mt), increasing by RMB 37.5/mt ($5.3/mt) or 3.05 percent since September 6, while up 0.2 percent compared to the previous trading day, September 12. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are standing at RMB 1,866/mt ($263/mt), increasing by RMB 68.5/mt ($10/mt) or 3.8 percent since September 6, while up 1.39 percent compared to the previous trading day, September 12.
$1 = RMB 7.103