During the week ending September 20, local coke prices in China have moved up after a long-standing decline, which included eight successive price cuts.
First-grade coke prices in Tangshan are at RMB 1,705/mt ($241.5/mt) ex-warehouse, moving up by RMB 55/mt compared to September 13, according to SteelOrbis’ data.
Prices of coke in local markets in China
Product Name |
Specification |
Place of Origin |
Price（RMB/mt） |
Price ($/mt) |
Weekly Change（RMB/mt） |
Weekly Change（$/mt） |
Coke |
First grade （A<13.0,S<0.75,CSR>65.0) |
Hancheng,Shaanxi |
1,665 |
235.7 |
55.0 |
9.0 |
Zibo, Shandong |
1,855 |
262.6 |
55.0 |
9.2 |
||
Pingdingshan,Henan |
1,705 |
241.4 |
55.0 |
9.1 |
||
Tangshan |
1,705 |
241.4 |
55.0 |
9.1 |
||
Huaibei, Anhui |
1,755 |
248.4 |
55.0 |
9.1 |
||
Average |
1,737 |
245.9 |
55.0 |
9.1 |
including 13 percent VAT
During the given week, coke prices in the Chinese domestic market have moved on an uptrend amid tight supply and low inventory levels. Coking coal prices have been stable, bolstering coke prices. Coke futures prices have edged up, exerting a positive impact on prices in the spot market. Demand for coke is expected to improve as steelmakers have resumed production activities. Meanwhile, downstream users may build up some stocks ahead of the National Day holiday (October 1-7), which will bolster coke prices in the near future. It is thought that coke prices in the Chinese domestic market will edge up further in the coming week.
On September 20, offer prices of coke CSR65 in the export market have been at $260/mt FOB, increasing by $5/mt compared to September 13.
As of September 20, coking coal futures at Dalian Commodity Exchange (DCE) are standing at RMB 1,274/mt ($180.5/mt), increasing by RMB 5/mt ($0.7/mt) or 0.39 percent since September 13, while up 0.35 percent compared to the previous trading day, September 19. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are standing at RMB 1,882.5/mt ($267/mt), increasing by RMB 16.5/mt ($2.3/mt) or 0.9 percent since September 13, while up 0.45 percent compared to the previous trading day, September 19.
$1 = RMB 7.0644