During the week ending November 8, local coke prices in China have moved down compared to the previous week as mills have had less interest in purchases given some increases seen in inventories.
First-grade coke prices in Tangshan are at RMB 1,870/mt ($262/mt) ex-warehouse, decreasing by RMB 55/mt ($7.7/mt) compared to November 1, according to SteelOrbis’ data.
Prices of coke in local markets in China
Product Name |
Specification |
Place of Origin |
Price（RMB/mt） |
Price ($/mt) |
Weekly Change（RMB/mt） |
Weekly Change（$/mt） |
Coke |
First grade （A<13.0,S<0.75,CSR>65.0） |
Hancheng, Shaanxi |
1,830 |
256.2 |
-55.0 |
-8.8 |
Zibo, Shandong |
2,020 |
282.8 |
-55.0 |
-8.9 |
||
Pingdingshan, Henan |
1,870 |
261.8 |
-55.0 |
-8.8 |
||
Tangshan |
1,870 |
261.8 |
-55.0 |
-8.8 |
||
Huaibei, Anhui |
1,920 |
268.8 |
-55.0 |
-8.8 |
||
Average |
1,902 |
266.3 |
-55.0 |
-8.8 |
including 13 percent VAT
During the given period, coke prices in the Chinese domestic market have edged down as mainstream steelmakers cut their purchase prices for coke as of Thursday. Raw material prices have softened, exerting a negative impact on coke prices. A few coking plants have seen increases in their inventories of coke. Demand for coke from downstream users has slackened, weakening the support for prices. It is expected that coke prices in the Chinese domestic market will likely edge down further in the coming week.
On November 8, offer prices of coke CSR65 in the export market are at $270/mt FOB at the highest, remaining stable compared to November 1.
As of November 8, coking coal futures at Dalian Commodity Exchange (DCE) are standing at RMB 1,322.5/mt ($185/mt), decreasing by RMB 14.5/mt ($2.5/mt) or 1.1 percent since November 1, while down 0.26 percent compared to the previous trading day, November 7. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are standing at RMB 1,989/mt ($279/mt), decreasing by RMB 7.5/mt ($1/mt) since November 1, while up 0.1 percent compared to the previous trading day, November 7.
$1 = RMB 7.1433