June 2009 | Steel Raw Materials
Chinese coke market retains stability: Coke and Coking Coal Highlights
China produced 126.41m tonnes of coke from January through May, down by 7.4% year on year from the same period last year. Coking coal prices are likely to increase.
China’s domestic coke market remained stable this week. First-grade coke with ash content of less than 12.5% in Shanxi province was traded at around Rmb1,750/tonne ($256/tonne) delivered in the province, and second-grade coke (with ash content of less than 13.5%) is sold at around Rmb1,650/tonne. Prices for first-grade coke in another large coke consuming-region Hebei province posted Rmb1,750-1,800/tonne delivered in Hebei and second-grade material stood at Rmb1,650-1,750/tonne. Prices are firming at these levels as prices consolidated and moved toward the higher end of the range.
China produced 126.41m tonnes of coke from January through May, down by 7.4% year on year from the same period last year. In May alone, China generated 27.67m tonnes...
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