CHINA COKE WRAP: Prices rise after Chinese New Year, but trading still thin

China’s coke export offers have risen to track domestic price increases after the country’s Chinese New Year break, but trading activity has yet to pick up.

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)...


July Zhang

March 08, 2018

11:59 GMT