During the week ending August 30, local coke prices in China have moved down further compared to the previous week.
First-grade coke prices in Tangshan are at RMB 1,705/mt ($240/mt) ex-warehouse, moving down by RMB 110/mt ($15.5/mt) compared to August 23, according to SteelOrbis’ data.
Prices of coke in local markets in China
Product Name |
Specification |
Place of Origin |
Price（RMB/mt） |
Price ($/mt) |
Weekly Change（RMB/mt） |
Weekly Change（$/mt） |
Coke |
First grade （A<13.0,S<0.75,CSR>65.0） |
Hancheng, Shaanxi |
1,665 |
234.1 |
-110.0 |
-14.6 |
Zibo, Shandong |
1,855 |
260.8 |
-110.0 |
-14.5 |
||
Pingdingshan, Henan |
1,705 |
239.7 |
-110.0 |
-14.6 |
||
Tangshan |
1,705 |
239.7 |
-110.0 |
-14.6 |
||
Huaibei, Anhui |
1,755 |
246.8 |
-110.0 |
-14.6 |
||
Average |
1,737 |
244.2 |
-110.0 |
-14.6 |
including 13 percent VAT
During the given week, coke prices in the Chinese domestic market moved down further. Coking plants attempted to hold their prices stable, while the sluggish demand from steelmakers’ side made the bearish sentiments prevail among market players. Some coking plants suffered from loss, thereby they had to reduce production and decrease inventory levels. Semi-finished steel prices rebounded slightly, which will bolster coke prices to a certain degree. It is expected that coke prices in the Chinese domestic market may edge up in the coming week amid the anticipated better demand in traditional peak season.
On August 30, offer prices of coke CSR65 in the export market have been at $265/mt FOB, decreasing by $7/mt compared to August 23.
As of August 30, coking coal futures at Dalian Commodity Exchange (DCE) are standing at RMB 1,370.5/mt ($193/mt), increasing by RMB 56.5/mt ($7.9/mt) or 4.3 percent since August 23, while down 1.51 percent compared to the previous trading day, August 29. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are standing at RMB 1,996.5/mt ($281/mt), increasing by RMB 107.5/mt ($15/mt) or 5.7 percent since August 23, while up 0.03 percent compared to the previous trading day, August 29.
$1=RMB 7.1124