During the week ending December 6, local coke prices in China have remained stable, but they are expected to decrease next week.
First-grade coke prices in Tangshan are at RMB 1,815/mt ($252.6/mt) ex-warehouse, remaining unchanged compared to November 29, according to SteelOrbis’ data.
Prices of coke in local markets in China
Product Name |
Specification |
Place of Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change（RMB/mt) |
Weekly Change（$/mt) |
Coke |
First grade （A<13.0,S<0.75,CSR>65.0) |
Hancheng, Shaanxi |
1,775 |
247.0 |
0.0 |
+0.1 |
Zibo, Shandong |
1,965 |
273.5 |
0.0 |
+0.1 |
||
Pingdingshan, Henan |
1,815 |
252.6 |
0.0 |
+0.1 |
||
Tangshan |
1,815 |
252.6 |
0.0 |
+0.1 |
||
Huaibei, Anhui |
1,865 |
259.6 |
0.0 |
+0.1 |
||
Average |
1,847 |
257.1 |
0.0 |
+0.1 |
All prices include 13 percent VAT.
During the given period, coke prices in the Chinese domestic market have moved sideways amid the firm capacity utilization rates of coking plants. Inventory of coke has been at a low level, providing some support for prices. Due to the traditional offseason, demand for finished steel has slackened, negatively affecting the coke market. Rumors in the market said steelmakers in Hebei Province would ask for declines in coke prices. It is expected that coke prices in the Chinese domestic market will likely move on a downtrend in the coming week.
On December 6, offer prices of coke CSR65 in the export market have been at $265/mt FOB, moving sideways compared to November 29.
As of December 6, coking coal futures at Dalian Commodity Exchange (DCE) are standing at RMB 1,171/mt ($163/mt), decreasing by RMB 74.5/mt ($10/mt) or 6.0 percent since November 29, while down 1.68 percent compared to the previous trading day, December 5. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are standing at RMB 1,811.5/mt ($252/mt), decreasing by RMB 64/mt ($9/mt) since November 29, while down 1.2 percent compared to the previous trading day, December 5.
$1 = RMB 7.1848