During the week ending December 1, local coke prices in China have continued their uptrend and further rises are still possible, according to sources.
First-grade coke prices in Tangshan are at RMB 2,530/mt ($356/mt) ex-warehouse, moving up by RMB 110/mt ($15.5/mt) compared to November 24, according to SteelOrbis’ data.
Prices of coke in local markets in China *(as of November 30)
|
Product Name |
Specification |
Place of Origin |
Price（RMB/mt） |
Price ($/mt) |
Weekly Change（RMB/mt） |
Weekly Change（$/mt） |
|
Coke |
First grade （A<13.0,S<0.75,CSR>65.0） |
Hancheng, Shaanxi |
2,490 |
350.2 |
110.0 |
15.7 |
|
Zibo, Shandong |
2,680 |
376.9 |
110.0 |
15.7 |
||
|
Pingdingshan, Henan |
2,530 |
355.8 |
110.0 |
15.7 |
||
|
Tangshan |
2,530 |
355.8 |
110.0 |
15.7 |
||
|
Huaibei, Anhui |
2,580 |
362.9 |
110.0 |
15.7 |
||
|
Average |
2,562 |
360.3 |
110.0 |
15.7 |
including 13 percent VAT
During the given week, coke prices in the Chinese domestic market have moved up amid the limited release of production. Inventory of coke has been at a relatively low level, bolstering prices. However, some coking plants still registered losses. Downstream steelmakers’ production capacity utilization rates are at relatively high levels, signaling firm demand for coke, though they have not been willing to accept price rises due to their limited profitability. Coking coal supply has been on the tight side, pushing up prices. It is thought that coke prices in the Chinese domestic market may rise further in the coming week.
On December 1, offer prices of coke CSR65 in the export market have risen to $361/mt FOB, up by $13/mt compared to November 24 and $6/mt from the previous day.
As of Friday, December 1, coking coal futures at Dalian Commodity Exchange (DCE) have settled at RMB 2,116.5/mt ($298/mt), up by RMB 24/mt ($3.4/mt) or 1.15 percent week on week, which rose by 2.67 percent compared to the previous trading day (November 30). Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are at RMB 2,658/mt ($382/mt), decreasing by RMB 59.5/mt ($8.4/mt) or 2.2 percent compared to November 24, which saw an increase of 1.51 percent compared to the previous trading day.
$1 = RMB 7.1018