During the week ending June 7, local coke prices in China have moved sideways compared to the previous week.
First-grade coke prices in Tangshan are at RMB 2,090/mt ($294/mt) ex-warehouse, remaining stable compared to May 31, according to SteelOrbis’ data.
Prices of coke in local markets in China
|
Product Name |
Specification |
Place of Origin |
Price（RMB/mt） |
Price ($/mt) |
Weekly Change（RMB/mt） |
Weekly Change（$/mt） |
|
Coke |
First grade （A<13.0,S<0.75,CSR>65.0） |
Hancheng, Shaanxi |
2,050 |
288.3 |
0.0 |
-0.1 |
|
Zibo, Shandong |
2,240 |
315.0 |
0.0 |
-0.1 |
||
|
Pingdingshan, Henan |
1,980 |
278.4 |
0.0 |
-0.1 |
||
|
Tangshan |
2,090 |
293.9 |
0.0 |
-0.1 |
||
|
Huaibei, Anhui |
2,030 |
285.5 |
0.0 |
-0.1 |
||
|
Average |
2,078 |
292.2 |
0.0 |
-0.1 |
including 13 percent VAT
During the given week, coke prices in the Chinese domestic market have remained stable. Inventory of coke has been at a very low level, bolstering prices to a certain degree. However, bearish sentiments have prevailed among market players, negatively affecting coke prices. At the same time, local coking coal prices have indicated decreases, weakening support for coke prices. Moreover, finished steel prices have seen declines, also exerting a negative impact on coke prices. It is thought that coke prices in the Chinese domestic market will likely edge down in the coming week.
On June 7, offer prices of coke CSR65 in the export market have been stable at $300-305/mt FOB.
As of June 7, coking coal futures at Dalian Commodity Exchange (DCE) are standing at RMB 1,637/mt ($235/mt), decreasing by RMB 33.5/mt ($4.7/mt) or 2.0 percent since May 31, while up 0.34 percent compared to the previous trading day, June 6. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are standing at RMB 2,252/mt ($317/mt), decreasing by RMB 21/mt ($3/mt) or 0.9 percent since May 31, while up 0.85 percent compared to the previous trading day, June 6.
$1 = RMB 7.1106