Chinese coke prices to decrease

BEIJING (Asian Metal) 8 Mar 24 - Prices of coke declined by RMB100-110/t (USD14-15/t) in major domestic markets last week, and they may go down further in the coming week upon the slow market. Steel mills plan to decrease purchasing prices of coke by RMB100-110/t (USD14-15/t) early next week.Asian Metal Copyright Presently, the mainstream prices of dry quenching metallurgical coke A13 S0.Asian Metal Copyright Presently, the mainstream prices of dry quenching metallurgical coke A13 S0.7 stand at RMB2,200-2,400/t (USD306-333/t) D/P, similar to late last week.

"We may announce the fifth price decline of coke by RMB110/t (USD15/t) early next week," revealed the purchasing official from a steel mill in Hebei. According to him, prices of coal keep decreasing, with the markdown of around RMB400/t (USD56/t) after the Chinese New Year holiday.Asian Metal Copyright It roughly produced 2.Asian Metal Copyright Besides, the demand for downstream steel remains insufficient and stocks keep rising, and steel mills burden with both sales and capital pressures for the moment.Asian Metal Copyright7 at RMB2,360t USD328t DP delivered on Thursday, while at least bought 5,000t a day in February," added the source, deeming prices of coke would decline by RMB110t USD15t next week.Asian Metal Copyright In addition, more and more coking plants in Shanxi tend to hike production with the reducing production costs.Asian Metal Copyright Reporting an annual consumption capacity of 2 million tons, the steel mill would use 90,000t of coke in March, similar to February.Asian Metal Copyright "We slowed down the purchase this week and just bought 3,000t of dry quenching metallurgical coke A13 S0.7 at RMB2,360/t (USD328/t) D/P delivered on Thursday, while at least bought 5,000t a day in February," added the source, deeming prices of coke would decline by RMB110/t (USD15/t) next week.

Reporting an annual consumption capacity of 2 million tons, the steel mill would use 90,000t of coke in March, similar to February. It consumed approximately 1.Asian Metal Copyright7 stand at RMB2,200-2,400t USD306-333t DP, similar to late last week.Asian Metal Copyright2 million tons of coke in 2023.Asian Metal Copyright In addition, more and more coking plants in Shanxi tend to hike production with the reducing production costs.Asian Metal Copyright Presently, the steel mill holds around 23,000t in inventory.

The sales official from a coking plant in Shanxi also believes prices of coke would witness the markdown of RMB100-110/t (USD14-15/t) in the coming week. "With prices of coal decreasing continuously, losses for coking plants narrowed and some could even gain profits now, and thus plan to resume production from cutting production by 20% to 50% in late February," added the source.Asian Metal Copyright Reporting an annual consumption capacity of 2 million tons, the steel mill would use 90,000t of coke in March, similar to February.Asian Metal Copyright Meanwhile, he pointed out that the soft demand for steel weakened the confidence of steel mills.Asian Metal Copyright Presently, the mainstream prices of dry quenching metallurgical coke A13 S0.Asian Metal Copyright Besides, more and more steel mills face tight capital flow and endeavor to cut production costs.Asian Metal Copyright "We slowed down the purchase this week and just bought 3,000t of dry quenching metallurgical coke A13 S0.Asian Metal Copyright The source sold about 5,000t of dry quenching metallurgical coke A13 S0.7 at RMB2,200/t (USD306/t) EXW D/P on Thursday, and last sold 10,000t at the same price on Tuesday.

Based on an annual production capacity of 2.05 million tons, the coking plant would produce 100,000t of coke in March, in line with February.Asian Metal CopyrightBEIJING Asian Metal 8 Mar 24 - Prices of coke declined by RMB100-110t USD14-15t in major domestic markets last week, and they may go down further in the coming week upon the slow market.Asian Metal Copyright It roughly produced 2.Asian Metal Copyright7 at RMB2,360t USD328t DP delivered on Thursday, while at least bought 5,000t a day in February," added the source, deeming prices of coke would decline by RMB110t USD15t next week.Asian Metal Copyright1 million tons of coke in 2023, without any stocks for the moment.

.Asian Metal Copyright In addition, more and more coking plants in Shanxi tend to hike production with the reducing production costsAsian Metal Copyright