CHINA COKE WRAP: Domestic price surge dissuades exports

China’s coke export prices have spiked again this month following surges in the country’s domestic market, making it harder for overseas buyers to afford the Chinese product and traders less willing to sell abroad.

Metal Bulletin’s assessment of export prices for Chinese coke with 65% coke strength after reaction (CSR), 12.5% ash, and in physical sizes of 30-90mm, was $370-380 per tonne fob China for the week to Tuesday December 26.
This is up from $360-365 per tonne fob in the preceding week, and $60 per tonne higher than the $310-320 per tonne fob seen in the first week of December.
The latest price range also ties with that seen in mid-September - the highest since Metal Bulletin started publishing assessments of the product in March 2015.

Offers were buoyed by the soaring costs of obtaining supply domestically, as restrictions on coke production to cut emissions during the winter heating season in China...


July Zhang

December 28, 2017

14:26 GMT