During the past two weeks ending October 11, local coke prices in China have moved up significantly, with mills accepting three round of price increases of RMB 55/mt each during and after the holiday.
First-grade coke prices in Tangshan are at RMB 1,925/mt ($272/mt) ex-warehouse, moving up by RMB 165/mt compared to September 27, according to SteelOrbis’ data.
Prices of coke in local markets in China
Product Name |
Specification |
Place of Origin |
Price（RMB/mt） |
Price ($/mt) |
2 Weeks Change（RMB/mt） |
2 Weeks Change（$/mt） |
Coke |
First grade （A<13.0,S<0.75,CSR>65.0） |
Hancheng, Shaanxi |
1,885 |
266.5 |
165.0 |
21.1 |
Zibo, Shandong |
2,075 |
293.4 |
165.0 |
20.9 |
||
Pingdingshan, Henan |
1,925 |
272.2 |
165.0 |
21.1 |
||
Tangshan |
1,925 |
272.2 |
165.0 |
21.1 |
||
Huaibei, Anhui |
1,975 |
279.2 |
165.0 |
21.0 |
||
Average |
1,957 |
276.7 |
165.0 |
21.1 |
including 13 percent VAT
During the given period, coke prices in the Chinese domestic market have moved up further after China’s new stimulus policies to boost the economy and the financial markets. Following five rises in coke prices, coking plants’ profitability has improved, resulting in the smooth delivery of coke supplies to the market. Most coking plants have increased their production capacity utilization rates, while downstream steelmakers have been active in building up stocks, firmly bolstering coke prices. At the same time, inventory of coke has been at relatively low levels, exerting a positive impact on coke prices. It is thought that coke prices in the Chinese domestic market may edge up further in the coming week.
On October 11, offer prices of coke CSR65 in the export market have been at $277/mt FOB, moving up by $17/mt compared to September 27.
As of October 11, coking coal futures at Dalian Commodity Exchange (DCE) are standing at RMB 1,484/mt ($210/mt), increasing by RMB 82/mt ($11.6/mt) or 5.85 percent since September 27, while up 2.77 percent compared to the previous trading day, October 10. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are standing at RMB 2,139/mt ($302.5/mt), increasing by RMB 84/mt ($12/mt) or 4.1 percent since September 27, while up 1.28 percent compared to the previous trading day, October 10.
$1 = RMB 7.0731