Coke prices to increase in northeast China
2012-10-24 16:44:35 【Print】
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BEIJING (Asian Metal) 24 Oct 12 – Coke prices keep stable presently in northeast China. The price of metallurgical coke Ⅱ keeps at RMB1,360/t VAT included with acceptance in Liaoning and RMB1,300/t in Jilin, both on delivered basis, and values may increase in the following days.
A source from Liaoning-based Xinfu Steel Co., Ltd. noted that rate for coke is at RMB1,360/t for metallurgical coke Ⅱ, at RMB1,390/t for sub-metallurgical coke Ⅰ and at RMB1,420/t for metallurgical coke Ⅰ, all on VAT included delivered with acceptance basis. The company holds 35,000t of coke to operate for around ten days at present. The mill may lift purchase prices of coke in the short-term as many coking plants request to increase prices.
A source from Changchun, Jilin-based Gas Co., Ltd. disclosed that the company mainly supplies coke to Liaoning-based mills with the price of metallurgical coke Ⅱat RMB1,360/t VAT included delivered with acceptance, holding almost no inventory. The source commented that mills will increase procurement of raw materials with winter approaching, and supply will be tighter than that of last year as most coking plants keep operating rates at low levels.
Overall, analysts from Asian Metal anticipated that coking prices may increase by RMB30/t in the near future in northeast China.
A source from Liaoning-based Xinfu Steel Co., Ltd. noted that rate for coke is at RMB1,360/t for metallurgical coke Ⅱ, at RMB1,390/t for sub-metallurgical coke Ⅰ and at RMB1,420/t for metallurgical coke Ⅰ, all on VAT included delivered with acceptance basis. The company holds 35,000t of coke to operate for around ten days at present. The mill may lift purchase prices of coke in the short-term as many coking plants request to increase prices.
A source from Changchun, Jilin-based Gas Co., Ltd. disclosed that the company mainly supplies coke to Liaoning-based mills with the price of metallurgical coke Ⅱat RMB1,360/t VAT included delivered with acceptance, holding almost no inventory. The source commented that mills will increase procurement of raw materials with winter approaching, and supply will be tighter than that of last year as most coking plants keep operating rates at low levels.
Overall, analysts from Asian Metal anticipated that coking prices may increase by RMB30/t in the near future in northeast China.
