Metal Bulletin’s price assessment for Chinese coke exports with 65% coke strength after reaction (CSR), 12.5% ash, and in physical sizes of 30-90mm, was $350-355 per tonne fob China for the week ended Tuesday February 6.
This was up by $5-10 per tonne from $340-350 per tonne fob
recorded for the preceding two weeks.
A March-delivery cargo of 62% CSR materials was heard traded to Southeast Asia recently at $355 per tonne fob China. As for shipments of 62-65% CSR products, these are no longer available for anything less than $350 per tonne fob, even though they were heard offered as low as $330 per tonne fob last week.
The reversal of the bullish mood stems from China’s futures and spot coke markets.
The most-traded May...