During the week ending June 28, local coke prices in China have moved up compared to the previous week, though export prices have moved down.
First-grade coke prices in Tangshan are at RMB 2,090/mt ($293/mt) ex-warehouse, moving up by RMB 55/mt ($7.7/mt) compared to June 21, according to SteelOrbis’ data.
Prices of coke in local markets in China
Product Name |
Specification |
Place of Origin |
Price（RMB/mt） |
Price ($/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 |
55.0 |
7.4 |
Zibo, Shandong |
2,240 |
314.3 |
55.0 |
7.4 |
||
Pingdingshan, Henan |
1,980 |
277.8 |
55.0 |
7.5 |
||
Tangshan |
2,090 |
293.3 |
55.0 |
7.4 |
||
Huaibei, Anhui |
2,030 |
284.8 |
55.0 |
7.4 |
||
Average |
2,078 |
291.6 |
55.0 |
7.4 |
including 13 percent VAT
During the given week, coke prices in the Chinese domestic market have moved up amid rebounding local coal prices. Coking plants’ capacity utilization rates have increased as demand from steelmakers has improved. At the same time, inventory of coke has been at relatively low levels, bolstering prices to a certain degree. However, the hot weather and widespread heavy rainfall in China have exerted a negative impact on the steel industry. It is thought that coke prices in the Chinese domestic market will likely edge down in the coming week.
On June 28, offer prices of coke CSR65 in the export market have been at $295/mt FOB, down $3/mt compared to June 21.
As of June 28, coking coal futures at Dalian Commodity Exchange (DCE) are standing at RMB 1,573.5/mt ($221/mt), increasing by RMB 13.5/mt ($1.9/mt) or 0.9 percent since June 21, while up 0.48 percent compared to the previous trading day, June 27. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are standing at RMB 2,250/mt ($316/mt), increasing by RMB 35/mt ($4.9/mt) or 1.6 percent since June 21, while down 0.2 percent compared to the previous trading day, June 27.
$1 = RMB 7.1268