During the week ending November 15, local coke prices in China have moved sideways compared to the previous week, but steelmakers are aiming to bring prices down further.
First-grade coke prices in Tangshan are at RMB 1,870/mt ($260/mt) ex-warehouse, remaining stable compared to November 8, according to SteelOrbis’ data.
Prices of coke in local markets in China
Product Name |
Specification |
Place of Origin |
Price（RMB/mt） |
Price ($/mt) |
Weekly Change（RMB/mt） |
Weekly Change（$/mt） |
Coke |
First grade （A<13.0,S<0.75,CSR>65.0） |
Hancheng, Shaanxi |
1,830 |
254.2 |
0.0 |
-2.0 |
Zibo, Shandong |
2,020 |
280.6 |
0.0 |
-2.2 |
||
Pingdingshan, Henan |
1,870 |
259.8 |
0.0 |
-2.0 |
||
Tangshan |
1,870 |
259.8 |
0.0 |
-2.0 |
||
Huaibei, Anhui |
1,920 |
266.7 |
0.0 |
-2.1 |
||
Average |
1,902 |
264.2 |
0.0 |
-2.1 |
including 13 percent VAT
During the given period, coke prices in the Chinese domestic market have moved sideways. However, on November 15, some steelmakers in the provinces of Hebei and Shandong sent letters to coking plants aiming to reduce coke purchase prices by RMB 50-55/mt ($6.9-7.6/mt), which may be implemented in the coming week. Following the previous two rounds of price cuts, most coking plants have kept their production utilization rates stable, though coke inventories are still at a relatively low level, bolstering prices to a certain degree. Coking coal prices have indicated downward trends, weakening the support for coke prices from the cost side. It is thought that coke prices in the Chinese domestic market will likely move down in the coming week.
On November 15, offer prices of CSR65 coke in the export market have been at $270/mt FOB, remaining unchanged compared to November 8, but buyers are insisting on $260/mt FOB.
As of November 15, coking coal futures at Dalian Commodity Exchange (DCE) are standing at RMB 1,261/mt ($175/mt), decreasing by RMB 61.5/mt ($8.5/mt) or 4.65 percent since November 8, while down 1.29 percent compared to the previous trading day, November 14. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are standing at RMB 1,902/mt ($264/mt), decreasing by RMB 87/mt ($12/mt) since November 8, while down 1.01 percent compared to the previous trading day, November 14.
$1 = RMB 7.1992