During the week ending April 19, local coke prices in China have seen increases compared to the previous week amid still limited supply and better demand, with another round of increases expected to be accepted by buyers next week.
First-grade coke prices in Tangshan are at RMB 1,870/mt ($263/mt) ex-warehouse, increasing by another RMB 110/mt ($15.5/mt) compared to April 12, according to SteelOrbis’ data.
Prices of coke in local markets in China
|
Product Name |
Specification |
Place of Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change（RMB/mt) |
Weekly Change（$/mt) |
|
Coke |
First grade （A<13.0,S<0.75,CSR>65.0 |
Hancheng, Shaanxi |
1,830 |
257.6 |
+110.0 |
+15.2 |
|
Zibo, Shandong |
2,020 |
284.3 |
+110.0 |
+15.2 |
||
|
Pingdingshan, Henan |
1,870 |
263.2 |
+110.0 |
+15.2 |
||
|
Tangshan |
1,870 |
263.2 |
+110.0 |
+15.2 |
||
|
Huaibei, Anhui |
1,920 |
270.2 |
+110.0 |
+15.2 |
||
|
Average |
1,902 |
267.7 |
+110.0 |
+15.2 |
All prices include 13 percent VAT.
During the given week, coke prices have finally rebounded following eight rounds of price cuts. Some coking coal prices bottomed up, exerting a positive impact on coke prices. However, the rising pace of coke prices has been slower than that for coking coal, resulting in ongoing losses for coking plants. Some coking plants have had to maintain relatively low production capacity utilization rates, contributing to the tight supply of coke in the spot market, bolstering prices to a certain degree. Steelmakers’ blast furnaces have resumed production activities, which will increase the demand for coke. It is thought that coke prices in the Chinese domestic market will likely move on an uptrend in the coming week.
On April 19, offer prices of coke CSR65 in the export market have been at $302/mt FOB, increasing by $8/mt compared to April 12.
As of April 19, coking coal futures at Dalian Commodity Exchange (DCE) are standing at RMB 1,802.5/mt ($235/mt), increasing by RMB 93.5/mt ($13.2/mt) or 5.5 percent since April 12, while up 0.39 percent compared to the previous trading day, April 18. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are standing at RMB 2,164/mt ($280/mt), increasing by RMB 144/mt ($24.5/mt) or 6.65 percent since April 12, while up 0.37 percent compared to the previous trading day, April 18.
$1 = RMB 7.1046