During the week ending June 14, local coke prices in China have moved on an overall downtrend compared to the previous week, but the pace of decline in the second round has been smaller than in the first one.
First-grade coke prices in Tangshan are at RMB 2,035/mt ($286/mt) ex-warehouse, decreasing by RMB 55/mt ($7.7/mt) compared to June 7, according to SteelOrbis’ data. In the previous round prices decreased by RMB 110/mt.
Prices of coke in local markets in China
|
Product Name |
Specification |
Place of Origin |
Price（RMB/mt) |
Price ($/mt) |
Weekly Change（RMB/mt) |
Weekly Change（$/mt) |
|
Coke |
First grade (A<13.0,S<0.75,CSR>65.0) |
Hancheng, Shaanxi |
1,995 |
280.4 |
-55.0 |
-7.9 |
|
Zibo, Shandong |
2,185 |
307.1 |
-55.0 |
-7.9 |
||
|
Pingdingshan, Henan |
1,925 |
270.6 |
-55.0 |
-7.9 |
||
|
Tangshan |
2,035 |
286.0 |
-55.0 |
-7.9 |
||
|
Huaibei, Anhui |
1,975 |
277.6 |
-55.0 |
-7.9 |
||
|
Average |
2,023 |
284.3 |
-55.0 |
-7.9 |
All prices include 13 percent VAT.
On Wednesday this week, major steelmakers requested a decrease in coke purchasing prices, while most coking plants accepted and cut their prices until Friday. Coking plants’ capacity utilization rates haven’t seen any changes, while inventory of coke at mills has been at low levels, which may prevent large drops. Local coking coal prices edged down slightly in the given week, weakening the support to coke prices. At the same time, finished steel prices moved down, which may exert a negative impact on the demand for coke in the future. It is thought that coke prices in the Chinese domestic market will likely fluctuate within a limited range in the coming week.
On June 14, offer prices of coke CSR65 in the export market have been at $298/mt FOB, decreasing by $4.5/mt compared to June 7.
As of June 14, coking coal futures at Dalian Commodity Exchange (DCE) are standing at RMB 1,658/mt ($235/mt), increasing by RMB 21/mt ($4.7/mt) or 1.3 percent since June 7, while up 2.41 percent compared to the previous trading day, June 13. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are standing at RMB 2,331/mt ($317/mt), increasing by RMB 79/mt ($3/mt) or 3.5 percent since June 7, while up 3.92 percent compared to the previous trading day, June 13.
$1 = RMB 7.1151