During the week ending August 16, local coke prices in China have moved down compared to the previous week in one or two rounds depending on the region. Moreover, further declines are not excluded due to the very weak steel market.
First-grade coke prices in Tangshan are at RMB 1,870/mt ($262/mt) ex-warehouse, moving down by RMB 110/mt ($15.4/mt) compared to August 9, according to SteelOrbis’ data.
Prices of coke in local markets in China
Product Name |
Specification |
Place of Origin |
Price（RMB/mt） |
Price ($/mt) |
Weekly Change（RMB/mt） |
Weekly Change（$/mt） |
Coke |
First grade （A<13.0,S<0.75,CSR>65.0） |
Hancheng, Shaanxi |
1,830 |
256.1 |
-110.0 |
-15.4 |
Zibo, Shandong |
2,020 |
282.7 |
-110.0 |
-15.4 |
||
Pingdingshan, Henan |
1,870 |
261.7 |
-55.0 |
-7.7 |
||
Tangshan |
1,870 |
261.7 |
-110.0 |
-15.4 |
||
Huaibei, Anhui |
1,920 |
268.7 |
-55.0 |
-7.7 |
||
Average |
1,902 |
266.2 |
-88.0 |
-12.4 |
including 13 percent VAT
During the given week, coke prices in the Chinese domestic market have moved down further amid the prevailing bearish sentiments among market players. Most coking plants have already been incurring losses they have had to sell at lower prices, aiming to stimulate transaction activities. At the same time, some coking plants have planned production cuts, attempting to ease the gap between supply and demand. However, steel prices have moved down significantly, which will exert a negative impact on the coke market. Market participants think that coke prices may see further declines in the coming period.
On August 16, offer prices of coke CSR65 in the export market have been at $272/mt FOB, moving down by $10/mt compared to August 9. Ex-Indonesia coke was heard at the even lower level of $265/mt FOB or slightly lower.
As of August 16, coking coal futures at Dalian Commodity Exchange (DCE) are standing at RMB 1,343.5/mt ($188/mt), decreasing by RMB 82.5/mt ($11.5/mt) or 5.8 percent since August 9, while up 0.15 percent compared to the previous trading day, August 15. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are standing at RMB 1,825.5/mt ($255/mt), decreasing by RMB 140.5/mt ($20/mt) or 7.1 percent since August 9, while down 2.3 percent compared to the previous trading day, August 15.
$1 = RMB 7.1464