During the week ending July 26, local coke prices in China have moved sideways compared to the previous week, but export prices have decline reflecting the weak sentiments in both the raw material and steel markets.
First-grade coke prices in Tangshan are at RMB 2,090/mt ($293/mt) ex-warehouse, remaining stable compared to July 19, according to SteelOrbis’ data.
Prices of coke in local markets in China
Product Name |
Specification |
Place of Origin |
Price（RMB/mt） |
Price ($/mt) |
Weekly Change（RMB/mt） |
Weekly Change（$/mt） |
Coke |
First grade （A<13.0,S<0.75,CSR>65.0） |
Hancheng, Shaanxi |
2,050 |
287.6 |
0.0 |
0.2 |
Zibo, Shandong |
2,240 |
314.3 |
0.0 |
0.2 |
||
Pingdingshan, Henan |
1,980 |
277.8 |
0.0 |
0.2 |
||
Tangshan |
2,090 |
293.3 |
0.0 |
0.2 |
||
Huaibei, Anhui |
2,030 |
284.8 |
0.0 |
0.2 |
||
Average |
2,078 |
291.6 |
0.0 |
0.2 |
including 13 percent VAT
During the given week, coke prices in the Chinese domestic market have remained stable amid weak market sentiments. Finished steel prices have continued their downtrend, causing steelmakers to seek to reduce their production costs. The output of molten iron has declined slowly, bolstering coke prices to a certain degree. Coking coal prices have moved down gradually, weakening the support for coke prices. It is expected that coke prices in the Chinese domestic market will likely edge down in the coming week against the backdrop of the increased losses incurred by steelmakers.
On July 26, offer prices of CSR65 coke in the export market are at $287/mt FOB, down from $290-295/mt FOB on July 19.
As of July 26, coking coal futures at Dalian Commodity Exchange (DCE) are standing at RMB 1,487.5/mt ($209/mt), decreasing by RMB 56/mt ($7.9/mt) or 3.6 percent since July 19, while up 0.57 percent compared to the previous trading day, July 25. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are standing at RMB 2,085/mt ($292/mt), decreasing by RMB 97/mt ($13.6/mt) or 4.4 percent since July 19, while up 0.43 percent compared to the previous trading day, July 25.
$1 = RMB 7.127