During the week ending April 26, local coke prices in China have increased compared to the previous week.
First-grade coke prices in Tangshan are at RMB 2,090/mt ($294/mt) ex-warehouse, increasing by another RMB 220/mt ($31/mt) compared to April 19, according to SteelOrbis’ data.
Prices of coke in local markets in China
|
Product Name |
Specification |
Place of Origin |
Price（RMB/mt） |
Price ($/mt) |
Weekly Change（RMB/mt） |
Weekly Change（$/mt） |
|
Coke |
First grade （A<13.0,S<0.75,CSR>65.0） |
Hancheng, Shaanxi |
2,050 |
288.5 |
220.0 |
30.9 |
|
Zibo, Shandong |
2,240 |
315.2 |
220.0 |
30.9 |
||
|
Pingdingshan, Henan |
1,980 |
278.6 |
110.0 |
15.4 |
||
|
Tangshan |
2,090 |
294.1 |
220.0 |
30.9 |
||
|
Huaibei, Anhui |
2,030 |
285.7 |
110.0 |
15.4 |
||
|
Average |
2,078 |
292.4 |
176.0 |
24.7 |
including 13 percent VAT
A second round of hikes in coke prices has been seen this week, while a third round of rises has also been observed in some mainstream areas. Lately, local coking coal prices have increased, bolstering coke prices from the cost side. Most coking plants have maintained previous production restrictions, shrinking the supply to the market and exerting a positive impact on coke prices. Since the Labor Day holiday (May 1-5) is approaching, downstream users have sped up purchases of coke, resulting in very low inventory levels at coking plants. It is thought that coke prices in the Chinese domestic market will continue their uptrend in the coming week.
On April 26, offer prices of coke CSR65 in the export market are at $310/mt FOB, increasing by $8/mt compared to April 19.
As of April 26, coking coal futures at Dalian Commodity Exchange (DCE) are standing at RMB 1,817.5/mt ($256/mt), increasing by RMB 15/mt ($2.1/mt) or 0.8 percent since April 19, while up 0.78 percent compared to the previous trading day, April 25. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are standing at RMB 2,357.5/mt ($332/mt), increasing by RMB 193.5/mt ($27.3/mt) or 8.94 percent since April 19, while up 1.22 percent compared to the previous trading day, April 25.
$1 = RMB 7.1056