During the week ending August 9, local coke prices in China have remained stable compared to the previous week, though another round of decline is under the corner amid attempts of steel mills.
First-grade coke prices in Tangshan are at RMB 1,980/mt ($277/mt) ex-warehouse, moving sideways compared to August 2, according to SteelOrbis’ data.
Prices of coke in local markets in China
Product Name |
Specification |
Place of Origin |
Price（RMB/mt） |
Price ($/mt) |
Weekly Change（RMB/mt） |
Weekly Change（$/mt） |
Coke |
First grade （A<13.0,S<0.75,CSR>65.0） |
Hancheng, Shaanxi |
1,940 |
271.5 |
0.0 |
-0.3 |
Zibo, Shandong |
2,130 |
298.1 |
0.0 |
-0.3 |
||
Pingdingshan, Henan |
1,925 |
269.4 |
0.0 |
-0.3 |
||
Tangshan |
1,980 |
277.1 |
0.0 |
-0.3 |
||
Huaibei, Anhui |
1,975 |
276.4 |
0.0 |
-0.3 |
||
Average |
1,990 |
278.5 |
0.0 |
-0.3 |
including 13 percent VAT
During the given week, coke prices in the Chinese domestic market have remained stable, while steelmakers in Hebei province attempted to cut purchasing prices of coke by RMB 50-55/mt ($7-8/mt), which might be effective in the very near future. Currently, cautious sentiments prevailed among market players. At the same time, coking plants’ profitability shrank, with most of them being on the edge of loss. Inventory of coke on coking plants’ side has been at relatively low levels, bolstering its prices to a certain degree. However, the sluggish demand for steel weakened the support to coke prices. It is expected that coke prices may see declines in the coming week.
On August 9, offer prices of coke CSR65 in the export market have been at $282/mt FOB, moving down by $5/mt compared to August 2.
As of August 9, coking coal futures at Dalian Commodity Exchange (DCE) are standing at RMB 1,426/mt ($199.6/mt), increasing by RMB 34.5/mt ($4.8/mt) or 2.5 percent since August 2, while down 0.32 percent compared to the previous trading day, August 8. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are standing at RMB 1,966/mt ($275/mt), decreasing by RMB 50/mt ($7/mt) or 2.5 percent since August 2, while down 1.03 percent compared to the previous trading day, August 8.
$1 = RMB 7.1449