During the week ending March 29, local coke prices in China have seen further decreases compared to the previous week, in the seventh round of price decreases so far this year.
First-grade coke prices in Tangshan are at RMB 1,870/mt ($263/mt) ex-warehouse, moving down by another RMB 110/mt ($15.5/mt) compared to March 22, according to SteelOrbis’ data.
Prices of coke in local markets in China
|
Product Name |
Specification |
Place of Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change（RMB/mt) |
Weekly Change（$/mt) |
|
Coke |
First grade （A<13.0,S<0.75,CSR>65.0) |
Hancheng, Shaanxi |
1,830 |
257.9 |
-110.0 |
-15.3 |
|
Zibo, Shandong |
2,020 |
284.7 |
-110.0 |
-15.3 |
||
|
Pingdingshan, Henan |
1,870 |
263.6 |
-110.0 |
-15.3 |
||
|
Tangshan |
1,870 |
263.6 |
-110.0 |
-15.3 |
||
|
Huaibei, Anhui |
1,920 |
270.6 |
-110.0 |
-15.3 |
||
|
Average |
1,902 |
268.1 |
-110.0 |
-15.3 |
All prices include 13 percent VAT.
During the given week, coke prices in the Chinese domestic market have seen further decreases amid the poor performance of finished steel prices. Raw material prices have edged down, easing the pressure from costs to a certain degree. However, the continuous downtrend of coke prices has caused coking plants to incur losses and so they have halted production to cut their losses. Supply of coke has tightened further, resulting in relatively low inventory levels at coking plants, which has provided certain support for prices. It is expected that coke prices in the Chinese domestic market will likely fluctuate within a limited range in the coming week as demand from steelmakers side is unlikely to improve in the short term.
On March 29, offer prices of coke CSR65 in the export market have been at $302/mt FOB, decreasing by $3/mt compared to March 22.
As of March 29, coking coal futures at Dalian Commodity Exchange (DCE) are standing at RMB 1,487.5/mt ($210/mt), decreasing by RMB 178/mt ($25/mt) or 10.7 percent since March 22, while down 4.77 percent compared to the previous trading day, March 28. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are standing at RMB 1,990/mt ($280/mt), decreasing by RMB 195.5/mt ($27.5/mt) or 8.95 percent since March 22, while down 2.52 percent compared to the previous trading day, March 28.
$1 = RMB 7.0965