During the week ending August 2, local coke prices in China have moved down compared to the previous week.
First-grade coke prices in Tangshan are at RMB 1,980/mt ($278/mt) ex-warehouse, moving down by RMB 110/mt compared to July 26, according to SteelOrbis’ data.
Prices of coke in local markets in China
Product Name |
Specification |
Place of Origin |
Price（RMB/mt） |
Price ($/mt) |
Weekly Change（RMB/mt） |
Weekly Change（$/mt） |
Coke |
First grade （A<13.0,S<0.75,CSR>65.0） |
Hancheng, Shaanxi |
1,940 |
271.8 |
-110.0 |
-15.9 |
Zibo, Shandong |
2,130 |
298.4 |
-110.0 |
-15.9 |
||
Pingdingshan, Henan |
1,925 |
269.7 |
-55.0 |
-8.1 |
||
Tangshan |
1,980 |
277.4 |
-110.0 |
-15.9 |
||
Huaibei, Anhui |
1,975 |
276.7 |
-55.0 |
-8.1 |
||
Average |
1,990 |
278.8 |
-88.0 |
-12.8 |
including 13 percent VAT.
During the given week, coke prices in the Chinese domestic market moved on a downtrend amid the weakening market sentiments. Coking plants’ profitability is reduced following the declines in coke prices, while only a few plants have cut outputs very slightly and so support for prices has been weakened. Finished steel prices have declined, exerting a negative impact on the demand for coke, and also causing steelmakers to attempt to reduce their coke purchase prices. It is thought that coke prices in the Chinese domestic market may edge down further in the coming week.
On August 2, offer prices of coke CSR65 in the export market have been at $287/mt FOB, moving sideways compared to July 26.
As of August 2, coking coal futures at Dalian Commodity Exchange (DCE) are standing at RMB 1,426/mt ($200/mt), decreasing by RMB 61.5/mt ($8.6/mt) or 4.1 percent since July 26, while down 1.52 percent compared to the previous trading day, August 1. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are standing at RMB 2,016/mt ($283/mt), decreasing by RMB 69/mt ($9.7/mt) or 3.3 percent since July 26, while down 0.44 percent compared to the previous trading day, August 1.
$1 = RMB 7.1376