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 $355-365 per tonne fob China for the week ended Tuesday March 6.
This has widened upward from $355-360 per tonne a week earlier, and compares with the $350-355 per tonne seen in previous weeks
amid a market lull as a result of the holiday in China.
While indicative offers for March-delivery cargoes of products with 65% CSR are around $360 per tonne fob, those for April-loading shipments “should be $5-8 per tonne higher” due to the rising cost of securing coke in China, a trader in Singapore said.
East China’s Rizhao Iron & Steel has raised its coke purchase price by 100 yuan ($15.80)...