During the week ending December 15, local coke prices in China have moved up compared to the previous week, supported by news about latest fatal accident at one of the largest coking coal mines in the major Shansi province.
First-grade coke prices in Tangshan are at RMB 2,640/mt ($372/mt) ex-warehouse, moving up by RMB 110/mt ($15.5/mt) compared to December 8, according to SteelOrbis’ data.
Prices of coke in local markets in China
|
Product Name |
Specification |
Place of Origin |
Price（RMB/mt） |
Price ($/mt) |
Weekly Change（RMB/mt） |
Weekly Change（$/mt） |
|
Coke |
First grade （A<13.0,S<0.75,CSR>65.0） |
Hancheng, Shaanxi |
2,600 |
366.4 |
110.0 |
16.3 |
|
Zibo, Shandong |
2,790 |
393.2 |
110.0 |
16.4 |
||
|
Pingdingshan, Henan |
2,640 |
372.0 |
110.0 |
16.3 |
||
|
Tangshan |
2,640 |
372.0 |
110.0 |
16.3 |
||
|
Huaibei, Anhui |
2,690 |
379.1 |
110.0 |
16.3 |
||
|
Average |
2,672 |
376.6 |
110.0 |
16.3 |
including 13 percent VAT
During the given week, coke prices in the Chinese domestic market have moved up amid the safe accidents negatively affecting coking coal supply—resulting in its price rise. The snowy weather in northern China made it difficult in transporting coke, thereby the inventory of coke started to increase on coking plants’ side. However, some downstream users’ coke delivery has been affected, signaling their demand for coke will likely improve in the near future. Some coking plants attempted to raise their coke prices for the fourth round, while downstream users declined to accept it at the current stage. It is expected that coke prices may edge up slightly in the coming week.
On December 15, ex-China offer prices of coke CSR65 in the export market have been at $368/mt FOB, increasing by $7/mt compared to December 8.
As of Friday, December 15, coking coal futures at Dalian Commodity Exchange (DCE) have settled at RMB 1,907.5/mt ($269/mt), down by RMB 83/mt ($11.7/mt) or 4.2 percent week on week, which increased by 0.24 percent compared to the previous trading day (December 14). Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are at RMB 2,528.5/mt ($356/mt), decreasing by RMB 137.5/mt ($19.4/mt) or 5.2 percent compared to December 8, which saw a decline of 0.96 percent compared to the previous trading day.
$1 = RMB 7.0957