CHINA COKE WRAP: Export window opens as seaborne coking coal surges

A window may be opening for China’s coke exports as the domestic market has remained relatively stable while seaborne coking coal prices have soared.

Metal Bulletin’s price assessment for Chinese coke exports, with 65% coke strength after reaction (CSR), 12.50% ash, and in physical sizes of 30-90mm, was $285-300 per tonne fob China on Tuesday November 21. The assessment was down from $295-310 per tonne fob a week earlier, and $10-15 per tonne lower than $300-310 per tonne fob a fortnight earlier. This compares with a drop of $30-35 per tonne in the previous two weeks. China’s domestic coke market has been relatively stable in the past fortnight, with no more purchase price cuts heard from representative mills. Some cokeries have even proposed raising their selling prices by 50-100 yuan ($7.60-15) per tonne,...

Published

July Zhang

November 23, 2017

18:36 GMT

Shanghai