During the week ending January 5, local coke prices in China have moved on a downward trend, while export prices have also been corrected down mainly due to declines in consumption at steel mills and lower local coking coal quotations.
First-grade coke prices in Tangshan are at RMB 2,530/mt ($356/mt) ex-warehouse, moving down by RMB 110/mt ($15.5/mt) compared to December 29, according to SteelOrbis’ data.
Prices of coke in local markets in China
|
Product Name |
Specification |
Place of Origin |
Price（RMB/mt） |
Price ($/mt) |
Weekly Change（RMB/mt） |
Weekly Change（$/mt） |
|
Coke |
First grade （A<13.0,S<0.75,CSR>65.0） |
Hancheng, Shaanxi |
2,490 |
350.6 |
-110.0 |
-16.5 |
|
Zibo, Shandong |
2,680 |
377.3 |
-110.0 |
-16.6 |
||
|
Pingdingshan, Henan |
2,530 |
356.2 |
-110.0 |
-16.5 |
||
|
Tangshan |
2,530 |
356.2 |
-110.0 |
-16.5 |
||
|
Huaibei, Anhui |
2,580 |
363.2 |
-110.0 |
-16.6 |
||
|
Average |
2,562 |
360.7 |
-110.0 |
-16.5 |
including 13 percent VAT
During the given week, coke prices in the Chinese domestic market have declined. More steelmakers have been implementing maintenance works, reducing their molten iron outputs, negatively affecting coke prices. Meanwhile, inventory levels of coke have risen, exerting a negative impact on prices. At the same time, coking coal prices in the local market have edged down too, weakening the support for coke prices from the cost side. It is expected that coke prices may fluctuate within a limited range in the coming week.
On January 5, offer prices of coke CSR65 in the export market have been at $355/mt FOB, decreasing by $5/mt compared to December 29.
As of Friday, January 5, coking coal futures at Dalian Commodity Exchange (DCE) have settled at RMB 1,846/mt ($260/mt), down by RMB 41.5/mt ($5.8/mt) or 2.2 percent week on week, which decreasing by 4.15 percent compared to the previous trading day (January 4). Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are at RMB 2,450.5/mt ($345/mt), decreasing by RMB 41/mt ($5.8/mt) or 1.65 percent compared to December 29 and down 3.52 percent compared to the previous trading day.
$1 = RMB 7.1029