During the week ending April 12, local coke prices in China have indicated declines compared to the previous week.
First-grade coke prices in Tangshan are at RMB 1,760/mt ($248/mt) ex-warehouse, moving down by another RMB 110/mt ($15.5/mt) compared to March 29, according to SteelOrbis’ data.
Prices of coke in local markets in China
|
Product Name |
Specification |
Place of Origin |
Price（RMB/mt） |
Price ($/mt) |
Weekly Change（RMB/mt） |
Weekly Change（$/mt） |
|
Coke |
First grade （A<13.0,S<0.75,CSR>65.0） |
Hancheng, Shaanxi |
1,720 |
242.4 |
-110.0 |
-15.6 |
|
Zibo, Shandong |
1,910 |
269.1 |
-110.0 |
-15.6 |
||
|
Pingdingshan, Henan |
1,760 |
248.0 |
-110.0 |
-15.6 |
||
|
Tangshan |
1,760 |
248.0 |
-110.0 |
-15.6 |
||
|
Huaibei, Anhui |
1,810 |
255.0 |
-110.0 |
-15.6 |
||
|
Average |
1,792 |
252.5 |
-110.0 |
-15.6 |
Including 13 percent VAT
During the given week, coke prices in the Chinese domestic market have moved down further as steelmakers’ profitability improved slowly. The inventory of coke on steelmakers’ side has been consumed slowly, weakening the support to its prices. However, coke futures prices have moved up sharply in recent trading days, exerting a positive impact on spot market. The demand for coke might improve in the near future. It is thought that coke prices in the Chinese domestic market will likely edge up in the coming week.
On April 12, offer prices of coke CSR65 in the export market have been at $294/mt FOB, decreasing by $8/mt compared to March 29.
As of April 12, coking coal futures at Dalian Commodity Exchange (DCE) are standing at RMB 1,709/mt ($235/mt), increasing by RMB 169/mt ($24/mt) or 11 percent since March 29, while up 5.01 percent compared to the previous trading day, April 11. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are standing at RMB 2,164/mt ($280/mt), increasing by RMB 174/mt ($24.5/mt) or 8.7 percent since March 29, while up 5.92 percent compared to the previous trading day, April 11.
$1 = RMB 7.0965