Metal Bulletin’s price assessment for coke shipments with 65% coke strength after reaction (CSR), 12.50% ash, and in physical sizes of 30-90mm, was $300-310 per tonne fob China on Tuesday November 7.
The assessment had plunged from $330-345 per tonne fob two weeks ago
to $310-320 per tonne fob last week.
A Japanese mill was heard to have bought 20,000 tonnes of material with 62-64% CSR at $320 per tonne fob China via tender in the second half of last month, while in the past week even 65% CSR cargoes were said to be available at no more than $310 per tonne fob.
Domestic drop slowdown
Losses have decelerated in China’s domestic coke market with cokeries reportedly squeezed to the breakeven line.
East China’s Rizhao Iron & Steel is trimming its...