During the week ending May 31, local coke prices in China have remained stable compared to the previous week.
First-grade coke prices in Tangshan are at RMB 2,090/mt ($294/mt) ex-warehouse, moving sideways compared to May 24, according to SteelOrbis’ data.
Prices of coke in local markets in China
|
Product Name |
Specification |
Place of Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change（RMB/mt) |
Weekly Change（$/mt) |
|
Coke |
First grade (A<13.0,S<0.75,CSR>65.0) |
Hancheng, Shaanxi |
2,050 |
288.4 |
0.0 |
0.0 |
|
Zibo, Shandong |
2,240 |
315.1 |
0.0 |
0.0 |
||
|
Pingdingshan, Henan |
1,980 |
278.5 |
0.0 |
0.0 |
||
|
Tangshan |
2,090 |
294.0 |
0.0 |
0.0 |
||
|
Huaibei, Anhui |
2,030 |
285.6 |
0.0 |
0.0 |
||
|
Average |
2,078 |
292.3 |
0.0 |
0.0 |
All prices include 13 percent VAT.
During the given week, coke prices in the Chinese domestic market have moved sideways. Though coking plants attempted to raise prices of coke, steelmakers have not given any feedback yet. At the same time, local coking coal prices have seen slight rebounds, bolstering coke prices from the cost side. It is expected that coke prices in the Chinese domestic market will likely move sideways in the coming week.
On May 31, offer prices of coke CSR65 in the export market have been at $300-305/mt FOB, versus $300-310/mt FOB on May 24.
As of May 31, coking coal futures at Dalian Commodity Exchange (DCE) are standing at RMB 1,670.5/mt ($235/mt), decreasing by RMB 143.5/mt ($20.2/mt) or 7.9 percent since May 24, while down 2.59 percent compared to the previous trading day, May 30. Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are standing at RMB 2,273/mt ($320/mt), decreasing by RMB 101.5/mt ($14.3/mt) or 4.3 percent since May 24, while down 3.99 percent compared to the previous trading day, May 30.
$1 = RMB 7.1088