During the week ending February 9, local coke prices in China have moved sideways compared to the previous week, but the mood in the market has been bearish in general.
First-grade coke prices in Tangshan are at RMB 2,420/mt ($340.5/mt) ex-warehouse, remaining unchanged compared to February 2, according to SteelOrbis’ data.
Prices of coke in local markets in China
|
Product Name |
Specification |
Place of Origin |
Price（RMB/mt） |
Price ($/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 |
0.1 |
|
Zibo, Shandong |
2,570 |
361.9 |
0.0 |
0.1 |
||
|
Pingdingshan, Henan |
2,420 |
340.8 |
0.0 |
0.1 |
||
|
Tangshan |
2,420 |
340.8 |
0.0 |
0.1 |
||
|
Huaibei, Anhui |
2,470 |
347.8 |
0.0 |
0.1 |
||
|
Average |
2,452 |
345.3 |
0.0 |
0.1 |
including 13 percent VAT
During the given week, coke prices in the Chinese domestic market have remained unchanged as traders have halted trading activities amid the approach of the long holiday. Demand from downstream steelmakers has been quiet and will not see improvements until the end of the long holiday. It is expected that suppliers will try to hike coke prices after the holiday when downstream users start to conclude purchases again, but some market sources believe that they will not be successful and in a few weeks coke prices will be corrected down again.
On February 9, average offer prices of coke CSR65 in the export market have been at $343/mt FOB, remaining stable compared to February 2. However, the average trading level was not above $330-333/mt FOB this week, according to sources, taking into account weak demand, weak sentiment in the coking coal market.
As February 8, coking coal futures at Dalian Commodity Exchange (DCE) have settled at RMB 1,746/mt ($246/mt), up by RMB 37.5/mt ($5.3/mt) or 2.2 percent week on week, and increasing by 2.43 percent compared to the previous trading day (February 7). Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are at RMB 2,378/mt ($335/mt), increasing by RMB 50/mt ($7/mt) or 2.15 percent compared to February 2, and rising by 2.5 percent compared to the previous trading day (February 7).
$1 = RMB 7.1036