CHINA COKE WRAP: Surge in domestic market boosts export prices

China’s coke export prices have bounced back in the past fortnight amid surges in the domestic market as well as costlier seaborne coking coal.

A January cargo of Chinese coke with 62% coke strength after reaction (CSR) was heard traded to Japan at $310 per tonne fob recently, compared with a traded level of $273 per tonne fob earlier last month.
Metal Bulletin’s price assessment for Chinese coke exports, with 65% CSR, 12.50% ash, and in physical sizes of 30-90mm, was $310-320 per tonne fob China on Tuesday December 5.
The assessment is up from $300-310 per tonne fob last week, and $20-25 per tonne higher than a four-month low of $285-300 per tonne fob two weeks earlier.
Shipments due in the second half of January were heard offered around $330 per tonne fob. A seller even claimed to have raised his offer to $350 per tonne.

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July Zhang

December 07, 2017

07:39 GMT