During the week ending January 26, local and export coke prices in China have moved sideways compared to the previous week since, even though sentiments have improved a little, this has not been enough for the market to increase, given the low level of demand.
First-grade coke prices in Tangshan are at RMB 2,420/mt ($340.5/mt) ex-warehouse, moving sideways compared to January 19, according to SteelOrbis’ data.
Prices of coke in local markets in China
|
Product Name |
Specification |
Place of Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
Weekly Change ($/mt） |
|
Coke |
First grade （A<13.0,S<0.75,CSR>65.0) |
Hancheng, Shaanxi |
2,380 |
334.9 |
0.0 |
0.5 |
|
Zibo, Shandong |
2,570 |
361.6 |
0.0 |
0.5 |
||
|
Pingdingshan, Henan |
2,420 |
340.5 |
0.0 |
0.5 |
||
|
Tangshan |
2,420 |
340.5 |
0.0 |
0.5 |
||
|
Huaibei, Anhui |
2,470 |
347.5 |
0.0 |
0.5 |
||
|
Average |
2,452 |
345.0 |
0.0 |
0.5 |
All prices include 13 percent VAT.
During the given week, coke prices in the Chinese domestic market have remained stable amid slightly improved sentiments among market players. Inventory of coke has declined, providing some support for prices. The capacity utilization rates of coking plants have edged up slightly, while downstream steelmakers’ finished steel prices have softened, resulting in slacker demand for coke. At the same time, local coking coal prices have indicated a rebounding trend, bolstering coke prices from the cost side. It is thought that coke prices in the Chinese domestic market may move sideways in the coming week.
On January 26, offer prices of coke CSR65 to the export market have been at $348/mt FOB, remaining stable compared to January 19.
As of Friday, January 26, coking coal futures at Dalian Commodity Exchange (DCE) have settled at RMB 1,778.5/mt ($250.5/mt), down by RMB 44/mt ($6.2/mt) or 2.4 percent week on and decreasing by 4.12 percent compared to the previous trading day (January 25). Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are at RMB 2,459.5/mt ($346/mt), increasing by RMB 13.5/mt ($1.9/mt) or 0.55 percent compared to January 19, and down 2.01 percent compared to the previous trading day.
$1 = RMB 7.1074