During the week ending July 19, local coke prices in China have remained stable compared to the previous week, though the negative mood in the steel market has persisted and futures prices for coal and coke have moved down.
First-grade coke prices in Tangshan are at RMB 2,090/mt ($293/mt) ex-warehouse, remaining unchanged compared to July 12, according to SteelOrbis’ data.
Prices of coke in local markets in China
Product Name |
Specification |
Place of Origin |
Price（RMB/mt） |
Price ($/mt) |
Weekly Change（RMB/mt） |
Weekly Change（$/mt） |
Coke |
First grade （A<13.0,S<0.75,CSR>65.0） |
Hancheng, Shaanxi |
2,050 |
287.4 |
0.0 |
0.0 |
Zibo, Shandong |
2,240 |
314.1 |
0.0 |
0.0 |
||
Pingdingshan, Henan |
1,980 |
277.6 |
0.0 |
0.0 |
||
Tangshan |
2,090 |
293.0 |
0.0 |
0.0 |
||
Huaibei, Anhui |
2,030 |
284.6 |
0.0 |
0.0 |
||
Average |
2,078 |
291.4 |
0.0 |
0.0 |
including 13 percent VAT
During the given week, coke prices in the Chinese domestic market have moved sideways as supply and demand have been more or less balanced. The supply of coal in the local market has shrunk, resulting in firm prices, which has bolstered coke prices from the cost side. Molten iron outputs have declined, though still remaining at relatively high levels, signaling that demand for coke will be firm. At the same time, steelmakers’ inventories of coke and coking coal have decrease, providing support for demand replenishments. It is expected that coke prices in the Chinese domestic market will move sideways in the coming week.
On July 19, offer prices of coke CSR65 in the export market have been stable at $290-295/mt FOB.
As of July 19, coking coal futures at Dalian Commodity Exchange (DCE) are standing at RMB 1,543.5/mt ($216.5/mt), decreasing by RMB 27.5/mt ($2.3/mt) or 1.75 percent since July 12, while up 0.29 percent compared to the previous trading day, July 18. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are standing at RMB 2,182/mt ($306/mt), decreasing by RMB 62/mt ($8.7/mt) or 2.8 percent since July 12, while down 1.13 percent compared to the previous trading day, July 18.
$1 = RMB 7.1315