Сoke prices in China move sideways, while coking coal on rise

Friday, 22 December 2023 16:15:16 (GMT+3)   |   Shanghai
       

During the week ending December 22, local coke prices in China have moved sideways compared to the previous week. But the sentiment is still positive as both local and import coking coal prices are on the rise. Moreover, deals and bids for ex-Australia coking coal have improved this week after dropping lower than expected.

First-grade coke prices in Tangshan are at RMB 2,640/mt ($372/mt) ex-warehouse, moving sideways compared to December 15, according to SteelOrbis’ data.

Prices of coke in local markets in China

Product Name   

Specification   

Place of Origin   

PriceRMB/mt   

Price ($/mt)   

Weekly ChangeRMB/mt   

Weekly Change$/mt   

Coke   

First grade (A<13.0,S<0.75,CSR>65.0)   

Hancheng, Shaanxi   

2,600 

366.5  

0.0  

0.1  

Zibo, Shandong   

2,790 

393.2  

0.0  

0.1  

Pingdingshan, Henan   

2,640 

372.1  

0.0  

0.1  

Tangshan   

2,640 

372.1  

0.0  

0.1  

Huaibei, Anhui   

2,690 

379.1  

0.0  

0.1  

Average   

2,672 

376.6  

0.0  

0.1  

including 13 percent VAT   

During the given week, coke prices in the Chinese domestic market have moved sideways amid slightly rising capacity utilization rates of coking plants. Demand for coke from steelmakers has been slack, while coking coal prices have been at relatively high levels amid tight supply, which is more obvious after the latest mine accident. 

On December 22, offer prices of coke CSR65 in the export market have been at $367/mt FOB, decreasing by $1/mt compared to December 15. 

The tradable level in the import premium hard coking coal (PHCC) in China has added $5/mt over the week to $335/mt CFR with interest in Australian coal is still there but suppliers don’t want to agree to such lower prices as it is equivalent to $320/mt FOB as the highest. 

A deal for 40,000 mt of mid-volatile PHCC from Australia was done at $325.4/mt FOB on Wednesday, which is much above $305.1/mt FOB contract last week for the same grade. “Prices below $310/mt FOB were too low as India demand persists and buyers are ready to pay $320-325/mt FOB,” a trading source said. 

As of Friday, December 22, coking coal futures at Dalian Commodity Exchange (DCE) have settled at RMB 1,968.5/mt ($277/mt), up by RMB 61/mt ($8.6/mt) or 3.2 percent week on week, which increased by 2.85 percent compared to the previous trading day (December 21). Meanwhile, coke futures prices at Dalian Commodity Exchange (DCE) are at RMB 2,578/mt ($363/mt), rising by RMB 49.5/mt ($7/mt) or 1.96 percent compared to December 15, which saw a rise of 3.7 percent compared to the previous trading day. 

$1 = RMB 7.0953


Similar articles

China’s coke prices move sideways locally, still slide in export market

01 Nov | Scrap & Raw Materials

Local Chinese coke prices start to move down, more declines expected

25 Oct | Scrap & Raw Materials

No further rises expected in local coke prices in China after six hikes, amid weaker demand

18 Oct | Scrap & Raw Materials

Local coke prices in China up by over $20/mt after latest three hikes

11 Oct | Scrap & Raw Materials

Poland-based JSW posts increased net loss for H1

04 Oct | Steel News

Chinese mills accept second round of local coke price rises

27 Sep | Scrap & Raw Materials

CISA: Coking coal purchase costs in China down 4.48 percent in Jan-Aug

27 Sep | Steel News

Local coke prices in China increase for first time after eight cuts in a row

20 Sep | Scrap & Raw Materials

Local coke prices in China decline, expected to stabilize after eight successive cuts

13 Sep | Scrap & Raw Materials

Local coke prices in China keep falling

23 Aug | Scrap & Raw Materials