CHINA COKE WRAP: Market stagnant amid price drop, Tianjin issues

China’s coke export market has been quiet in the past fortnight as buyers retreated to the sidelines on seeing prices weakening, even as uncertainties continued to cloud the country’s major port of Tianjin.

A transaction involving a cargo of materials with a coke strength after reaction (CSR) of 65% was concluded last week at $300 per tonne fob China, according to one source. Other sources did not hear of this trade, however.
There was hardly any firm offers and bids heard of late. Indicative offers have fallen from last week’s $295 per tonne fob to as low as $280 per tonne fob this week.

Metal Bulletin’s assessment of prices for coke cargoes with 65% CSR, 12.50% ash and physical sizes of 30-90mm was $280-290 per tonne fob China on Tuesday May 23, down $15 per tonne from $295-305 per tonne fob two weeks...

Published

July Zhang

May 24, 2017

11:36 GMT

Shanghai