During the week ending February 2, local coke prices in China have remained stable compared to the previous week.
First-grade coke prices in Tangshan are at RMB 2,420/mt ($340.5/mt) ex-warehouse, according to SteelOrbis’ data.
Prices of coke in local markets in China
|
Product Name |
Specification |
Place of Origin |
Price（RMB/mt） |
Price ($/mt) |
Weekly Change（RMB/mt） |
Weekly Change（$/mt） |
|
Coke |
First grade （A<13.0,S<0.75,CSR>65.0） |
Hancheng, Shaanxi |
2,380 |
335.2 |
0.0 |
0.3 |
|
Zibo, Shandong |
2,570 |
361.9 |
0.0 |
0.3 |
||
|
Pingdingshan, Henan |
2,420 |
340.8 |
0.0 |
0.3 |
||
|
Tangshan |
2,420 |
340.8 |
0.0 |
0.3 |
||
|
Huaibei, Anhui |
2,470 |
347.8 |
0.0 |
0.3 |
||
|
Average |
2,452 |
345.3 |
0.0 |
0.3 |
including 13 percent VAT
During the given week, coke prices in the Chinese domestic market have moved sideways, while coking plants basically maintained a normal pace of transaction activities. At the same time, inventory of coke has gradually increased, though still at relatively low levels. As it drew closer to the Chinese New Year holiday, coking plants’ capacity utilization rates have been at low levels, which will limit coke supplies to the spot market and will likely bolster its prices. Local coking coal prices started to edge down, which will weaken the support to coke prices from cost side. It is thought that coke prices in the Chinese domestic market will likely remain unchanged in the coming week.
On February 2, offer prices of coke CSR65 in the export market have been at $343/mt FOB, decreasing by $5/mt compared to January 26.
The tradable level for import premium hard coking coal in China was also stable at $325-330/mt CFR.
As of Friday, February 2, coking coal futures at Dalian Commodity Exchange (DCE) have settled at RMB 1,708.5/mt ($241/mt), down by RMB 80/mt ($11.3/mt) or 4.5 percent week on week, which decreased by 0.61 percent compared to the previous trading day (February 1). Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are at RMB 2,328/mt ($328/mt), decreasing by RMB 131.5/mt ($18.5/mt) or 5.3 percent compared to January 26, which saw a decline of 0.81 percent compared to the previous trading day.
$1 = RMB 7.1006