During the week ending September 6, local coke prices in China have moved sideways compared to the previous week, though another round of decreases may be implemented next week as steel prices have fallen significantly and mills need to cut costs as their margins are still negative.
First-grade coke prices in Tangshan are at RMB 1,705/mt ($240/mt) ex-warehouse, moving sideways compared to August 30, according to SteelOrbis’ data.
Prices of coke in local markets in China
Product Name |
Specification |
Place of Origin |
Price（RMB/mt） |
Price ($/mt) |
Weekly Change（RMB/mt） |
Weekly Change（$/mt） |
Coke |
First grade （A<13.0,S<0.75,CSR>65.0） |
Hancheng, Shaanxi |
1,665 |
234.7 |
0.0 |
0.6 |
Zibo, Shandong |
1,855 |
261.5 |
0.0 |
0.7 |
||
Pingdingshan, Henan |
1,705 |
240.4 |
0.0 |
0.6 |
||
Tangshan |
1,705 |
240.4 |
0.0 |
0.6 |
||
Huaibei, Anhui |
1,755 |
247.4 |
0.0 |
0.7 |
||
Average |
1,737 |
244.9 |
0.0 |
0.7 |
including 13 percent VAT
During the given week, coke prices in the Chinese domestic market have remained stable, while steelmakers may attempt to reduce purchase prices for coke in the coming week as semi-finished steel prices have been falling continuously. Some coking plants have halted their production activities, aiming to maintain low inventory levels. More steelmakers have incurred financial losses amid the slack demand from downstream users. It is thought that coke prices in the Chinese domestic market may edge down in the coming week.
On September 6, offer prices of coke CSR65 in the export market have been at $262/mt FOB, decreasing by $3/mt compared to August 30.
As of September 6, coking coal futures at Dalian Commodity Exchange (DCE) are standing at RMB 1,231.5/mt ($173.5/mt), decreasing by RMB 139/mt ($20/mt) or 10.1 percent since August 30, while down 1.76 percent compared to the previous trading day, September 5. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are standing at RMB 1,797.5/mt ($253/mt), decreasing by RMB 199/mt ($28/mt) or 10.0 percent since August 30, while down 1.8 percent compared to the previous trading day, September 5.
$1 = RMB 7.0925