China coke prices stabilize at high levels

sxcoal.com Price,  Production & Sales,  Cost & Profit 2017-12-27 11:42:00
China's coke prices have been stabilizing at high levels, after Hesteel raised purchase price by 150 yuan/t to 2,470 yuan/t DDP with VAT for Grade I coke.

Traders at ports rushed to sell out remaining coke stocks, while most coke producers had no stocks amid favorable sales.

One Jiaocheng-based coke producer said that ordered by environmental watchdogs since December 27, their coking time has been extended to 72 hours.

A Linfen-based coke producer said the operating rate of their plant stayed at 80% and they were actually ordered to cut production by 30%.

Coke price increased by 750 yuan/t accumulatively since late November and because of generous profit, their enthusiasm regarding production is high, he also said.

One Tangshan-based coke producer said the price of coke sold within in the province increased by 750-800 yuan/t since late November, yet the price of wet quenching coke with 13% ash, 0.75% sulfur and CSR 60 stood at 2,300 yuan/t, ex-washplant with VAT; that of dry quenching coke with 13% ash, 0.75% sulfur and CSR 63 at 2,400 yuan/t, ex-washplant with VAT as well.

On December 26, Fenwei assessed the price of Luliang Quasi Grade I met coke (0.7% sulfur, 13% ash and CSR 60) at 2,200 yuan/t, up 50 yuan/t from a week ago; that of Jinzhong Grade II met coke (0.8% sulfur, 13.5% ash and CSR 55) at 2,050 yuan/t, unchanged on the week as well.  

(Writing by William Gao  Editing by Jessie Jia)
For any questions, please contact us by inqury@fwenergy.com or +86-351-7219322.

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